Young people enjoy life more than older people

Young people enjoy life more than older people do If we consider the life of a human as a movie of ours, then we can divide those 3 hours of time as 3 ages (1 . Illumination (Childhood & Teenage). 2. Interval (Young age) 3. Climax (Old age)). As we all know that in 1st criteria we will have Time, & Energy but not money. In young age we will have money and energy but no time.Similarly in the IANAL stage of life we will have money and time but no energy. We can observe the unlimited desiring heart in both child and young ages in a human. Obviously most of the people can't meet their desires due to insufficient resources. In the old age the man is like a completely filled water bottle with lots of experience & achievements but totally lack of energy. And that was the time for him/ her to retire from his responsibilities.But as they are also weak there are numerous Hansen of getting ill and stuck to bed. Enjoying life means finding satisfaction In every second we live. Coming into realit y if we ask the same question to all groups of ages we never get a positive reply as everyone has their own problems running in their minds. That means people are pessimistic towards themselves and optimistic towards the rest. That's the main problem. This sort of pessimism is observed unfortunately in all age groups.If one changes his attitude towards his life that second will be the beginning of enjoyment. Discipline, planning and health are also the other crucial factors which keeps one's life In cloud nine Irrespective of his/her age group. Care must be taken that all the three must maintain In harmony. In my view ultimate enjoyment lies where desire meets satisfaction. One must be completely satisfied for what he was In that moment, to enjoy his life. So I completely disagree the above statement.

PH lab report

Background information/Research PH paper (litmus paper) determines how acidic or how basic a substance is. The ape changes color accordingly to color code on the pH scale. The pH scale starts from O to 14. The lower the number the more acidic it is. Zero is the most acidic, and 14 is the most bas c while 7 is the neutral number for example water. Examples of an acid Is lemon Juice or multi p repose cleaner. Examples of a basic substance Is shampoo or liquid soap. We use pH for the products we use and food that we eat to check if it is safe to use for us humans and not harm us.With PH. Products have become safer and less harmful to our environment and ourselves. Materials Various indicators BRB blue Phew red Met red Methyl blue Met orange Methyl yellow Various unknowns Watch trays Procedures 1. Take 6 indicators that are all different colors. 2. Take the 4 unknowns numbered 14 3. Take a watch tray and wash it down before using it. 4. Put the indicator that Is numbered 1 in 6 slots on the watch tray. (Only put in one d rope) 5. Take each Indicator and put It in 1 slot each, each slot should have a different Indict taro color. (Again only one drop) .Record results and observations down on a table. Observe If It changed color, If It c hanged from 7. Wash down the watch tray again so you do not mix chemicals, or else your data will be inaccurate. 8. Repeat steps 47 for the last 3 unknowns. Results After the LAB I had various different results for each indicator reaction to the unknown All together I had 24 results, 6 results for each unknown. A couple of the indicators re acted to the unknown differently than the others. They started to change one color, then a bit late r it would change to a different color.

Global Beer Market Trends Essay

At the turn of the century, the top 10 brewers accounted for just over one-third of global beer sales volumes. The past decade has seen a rapid consolidation, resulting in the top four brewers – Anheuser-Busch InBev, SABMiller, Heineken and Carlsberg – accounting for almost 50% of beer sales volumes and up to 75% of the global profit pool2. Consolidation has continued in the past 12 months with further transactions in Mexico and China. As the pace of consolidation slows in the future, organic volume growth is expected to come from developing markets along with value creation opportunities in developed markets. Alcohol trends Category trends show a dichotomy between developing and developed beer markets. With incomes rising in emerging markets, consumers have shifted from informal, often commoditised, unregulated forms of alcohol to aspirational, attractively branded and safer beer products. The period from 1999 to 2008 saw commercially produced beer increasing its share of total alcohol consumption in emerging markets by over 800 bps from 32. 8% in 1999 to 41. 2% in 2008 on a pure alcohol basis. The same period saw a moderate decline in developed markets to 35. 2% in 2008. The economic crisis caused an overall downturn in 2009 – one that was further exacerbated by government fiscal pressures leading to increases in beer excise and other taxation in order to raise funds. The consequent consumer price increases have constrained beer volume growth while favouring unregulated forms of alcohol. As the global economy improves, rising incomes continue to be a significant factor in developing beer markets as the category grows at the expense of illicit, high-alcohol spirits. In Africa, Latin America and Asia in particular, the rise in consumption is closely correlated to population and income growth3. Beer growth trends Over the past five years the beer category has maintained a compound average growth rate (CAGR) of 3. 5% globally. However, this reflects two very different pictures in emerging and developed markets with emerging markets growing at an average rate of 6. 8% while developed markets declined by 3. 4%. The largest contributors to this growth have been China (now the world’s largest beer market), Africa and Eastern Europe. Given the economic pressures, total global beer consumption grew by less than 1% in 2009. That said, strong growth trends continued in some key emerging markets. China recorded an increase of over 7%, despite being hampered by heavy snow and wet weather that affected consumer demand. Africa experienced robust growth of 4%, driven by Angola, DR Congo, Mozambique and Nigeria. In Eastern Europe, certain beer markets contracted in 2009 as rising unemployment and declining on-premise consumption halted growth. Regulatory challenges created further headwinds in markets such as Russia and the beer market there declined 6% as a result. Macroeconomic indicators improved in some markets in the last three months of 2009. However, the drivers of beer consumption such as falling unemployment and rising consumption expenditure are expected to lag behind the recoveries in GDP. North America, hit hard in 2009 by high unemployment, particularly among men of beer-drinking age, is expected to see only slight growth. Globally, the beer market is expected to grow by 1. 5% in 2010, led by a continuing strong performance in Asia, Africa and Latin America. China is expected to grow by 6. 5%, Africa by 3. 1% and Latin America by almost 3%. Western Europe is expected to continue the trend of declining beer volumes, driven by a shift in consumption to other beverages and the decline of on-premise consumption. Looking further ahead to 2014, the top 15 growth markets are forecast to deliver compounded annual growth of 3%. China is expected to account for more than 45% of this growth with the USA, Vietnam, Brazil, Ukraine, Russia, Mexico and Peru making up most of the balance. Beer segment trends Across consumer goods sectors in general, the trend towards premiumisation accelerated in the past decade but slowed in the last 18 months as economic conditions worsened and consumers reverted to mainstream and economy segments. As economies improve, the trend towards premium will resume as consumers become more willing to pay for authentic, more image-oriented brands that reflect their socio-economic and lifestyle aspirations. The premiumisation trend has not altered the fact that beer remains very much a local beverage in terms of both production and consumer brand preferences. International brands account for just over 6% of the world’s beer consumption and this proportion has changed little over the last 10 years. Rather, what has happened is that urbanisation and a growing middle class in emerging markets have led to the growth of local premium brands. These offer premium packaging, positioning and variety, but are sold at a price accessible to many more consumers than international imported products. The resulting scale and higher profit margins make this a very attractive industry segment. 1. All data sourced from Canadean unless otherwise noted. 2. BofAMerrilLynch report: Investing in Global Brewers 19 April 2010. Canadean, Internal analysis. Principal risks The principal risks facing the group, which have been considered by the board, are detailed below. The group’s well-developed risk management process is detailed in the corporate governance section of the Annual Report and our financial risks are discussed in the Chief Financial Officer’s review and in note 22 to the consolidated financial statements. Risk: Industry consolidation Context? The global brewing industry is expected to continue to consolidate, albeit more slowly, creating opportunities to enter attractive growth markets and realise synergy benefits from integration and to leverage global scale. Risk? Failure to participate in value-adding transactions; overpaying for a transaction; and failure to implement integration plans successfully after transactions are completed. Possible impact? Lower growth rate, profitability and financial returns. Mitigation 3. Potential transactions are subject to rigorous analysis. Only opportunities with potential to create value are pursued. 4. Proven integration processes, procedures and practices are applied to deliver expected returns. 5. Activities to deliver synergies and leverage scale are in place, monitored closely and continuously enhanced. Associated strategic priorities * Creating a balanced and attractive global spread of businesses. * Constantly raising the profitability of local businesses, sustainably Risk: Change in consumer preferences Context? Consumer tastes and behaviours are constantly evolving and competitor activity is increasing and becoming more sophisticated. Strong brand portfolios together with excellence in marketing and sales execution are required if we are to meet consumer, shopper and customer needs. Risk? Failure to ensure the attractiveness of our brands; failure to continuously improve our marketing and related sales capability to deliver consumer relevant propositions. Possible impact? Market positions come under pressure, lower volume growth rates and profitability. Mitigation 6. Ongoing focus on building our marketing and sales capabilities through continued roll-out and enhancement of the SABMiller Marketing Way. 7. Ensuring that our brand equities remain strong through relevant innovation and compelling marketing programmes. 8. Ongoing evaluation of our brand portfolios in every market to ensure that they target current and future opportunities for profitable growth. Associated strategic priorities * Developing strong, relevant brand portfolios that win in the local market. * Constantly raising the profitability of local businesses, sustainably. * Leveraging our skills and global scale. Risk: Management capability impairment Context? We believe that our people are our enduring advantage. It is essential therefore that we identify, develop and retain global management capability. Risk? Failure to develop and maintain a sufficient cadre of talented management. Possible impact? Potential lower long-term profitable growth. Mitigation 9. Effective and well-developed strategic people resourcing and talent management processes. 10. A strong culture of accountability, empowerment and personal development. 11. Standardisation of key processes and best practices across the group through the roll-out of the SABMiller Ways. Associated strategic priorities * Developing strong, relevant brand portfolios that win in the local market. * Constantly raising the profitability of local businesses, sustainably. * Leveraging our skills and global scale. Risk: Regulatory changes Context ? The alcohol industry is coming under increasing pressure from regulators, NGOs and tax authorities as the debate over alcohol consumption continues in many markets. Risk? Regulation places increasing restrictions on pricing (including tax), availability and marketing of beer and drives changes in consumption behaviour. Possible impact? Lower profitability growth and reduced contribution to local communities in some countries. Mitigation 12. Rigorous adherence to the principle of self-regulation backed by appropriate policies and management review. 13. Constructive engagement with government and all external stakeholders on alcohol-related issues. 14. Investment to improve the economic and social impact of our businesses in local communities and working in partnership with governments and NGOs. Associated strategic priorities * Creating a balanced and attractive global spread of businesses. * Developing strong, relevant brand portfolios that win in the local market. * Constantly raising the profitability of local businesses, sustainably. * Risk: Raw material volatility * Context ? Recent volatility in the supply and pricing in some of our key raw materials. * Risk? Failure to obtain an adequate supply of brewing and packaging raw materials at competitive prices. * Possible impact? Lower profitability and occasional supply disruption. Mitigation 15. Contractual agreements with suppliers covering multiple time horizons, combined with an active hedging programme. 16. Programmes to support development of local sourcing for certain key commodities, such as barley, in Africa, India and Latin America. Associated strategic priorities * Constantly raising the profitability of local businesses, sustainably. * Leveraging our skills and global scale. * Risk: Economic environment * Context ? Recent global recession with weak GDP growth projected in 2010. Uncertain economic growth and rising unemployment have resulted in weak consumer demand which has, in some cases, been compounded by currency weakness. * Risk? Our marketing, operating and financial responses may not be timely or adequate to respond to changing consumer demand. * Possible impact? Lower short-term growth rates and profitability. Mitigation 17. Actions to restructure operations in certain countries to reflect current or expected deterioration in local economic conditions. 18. Maintaining and extending our local industry leadership positions through appropriate investments in our brands, focus on local execution and development of commercial capability. 19. Increased emphasis on cash flow management. Associated strategic priorities * Creating a balanced and attractive global spread of businesses. * Developing strong, relevant brand portfolios that win in the local market. * Constantly raising the profitability of local businesses, sustainably. * Risk: Delivering transformation * Context ? The group has begun executing a major business capability programme that will simplify processes, reduce costs and allow local management teams to enhance focus on their markets. * Risk? Failure to execute and derive benefits from the projects currently under way. Mitigation 20. Senior leadership closely involved in monitoring progress and in making key decisions. 21. Rigorous programme management and governance processes with dedicated resources. Associated strategic priorities * Constantly raising the profitability of local businesses, sustainably. * Leveraging our skills and global scale. * * Possible impact? Increased project costs, business disruption and reduced competitive advantage in the medium term.

Classifications of Restaurants

Restaurant Classification Restaurants are found throughout the United States as well as other countries. Restaurants are found in many different places such as street corners in mobile businesses, buffets found in mid-sized towns and cities, as well as upscale restaurants that are most always found in larger and more populated areas. All of these places serve one purpose in common; to aide to the desired food cravings of countless people. A person might say that there are no noticeable differences of each type of restaurant, but hidden beneath their common goals are various differences that set each apart. Mobile food businesses have become very popular in middle class areas and serve people of all kinds. Although the food may seem delicious, mobile food businesses such as taco wagons spend their time constantly traveling to different places for business. Their trucks can be unclean as it is a hassle to clean out a truck of grease and fallen food. Most people cannot see the inside of a taco truck because they are too high off the ground to see and each wagon has windows that are hard to see inside of. As a result, many people do not see the harm or realize these things and therefore do not care. There is also an inconvenience to customers as there is no formal seating are for dining, and if there is, it is found outdoors. Many people do not want to spend their time eating next to a busy street where everyone passing by can see them, while others may like to simply enjoy the outdoors. Mobile food businesses like these also have very few workers which may lead to food that is delayed in delivery. People that come to food trucks like their food to be delivered in a fast and timely manner so they can get to wherever they are going on time instead of having to wait in a line for their food to be done cooking. Aside from its downsides, there are also positives about mobile food businesses. If there were not any, they would not be in business and be as popular as they are. Many people chose these types of businesses because they are a cheap alternative to fast food places such as McDonald’s. Given the choice of a two pound burrito or a small burger and fries for the same price, most people would choose the burrito. Places such as taco wagons and others provide people with authentic food that may or may not be a part of their culture. Some of these places use ingredients that they would use in their own part of the world. This provides customers with a variety and a little taste of home. Being able to live in a place that provides anyone with a taste of home will bring good money, especially when a town’s population has a lot of diversity. A second type of restaurant that is found in many towns and cities is buffets. Some people see buffets as unsanitary places because of the fact that the food is left out in the open for others to touch or spread more germs. When someone is eating they do not want to think of themselves as in taking germs with every bite that they take, but rather eating food that is delicious and safe to eat. Buffets may also have long lines of people. Because there is no limited amount of food a person can get, hungry people come to these restaurants and go through lines multiple times to get numerous amounts of food. These types of restaurants could play a role in the obesity rate of families today and future families to come. Although eating a lot of food sounds amazing, it is unhealthy and bad for the body. The food that is sold in buffets made seem homemade, and not like a fast food restaurant, but that does not mean that it is healthy and good for the body. Eating mass amounts of food like this can lead to damage to the body over a long period of time. In the worst case scenario, it could lead to more than just obesity. People choose buffets because of their low flat rates. Seizing the opportunity to engulf unlimited amounts of entrees and desserts for about ten dollars is the best deal in the food industry. No other food place can beat a buffet’s deal. Buffets must know this because they would not be in business if they did not. Along with their low costs, buffets are very convenient to their customers. Buffets allow their customers to choose any kind of food they choose to consume, compared to other restaurants that have you choose a certain group of things. The cost from other restaurants includes only the entree. Anything else that someone wishes to choose would be an additional charge to the customer. With a buffet, the cost that it takes to eat there includes the beverage, entree, and dessert. People can mix and match their favorite foods until they are fully satisfied with their meal. The third type of restaurant is the upscale restaurants. These types of restaurants are found mainly in big cities where they can charge people hundreds of dollars for their meals. The meals may be smaller in size, but superior in quality. These places have a fancy and elegant feel to them. Their customers wear formal clothing and eat their meals by candlelight. The food is made of better quality ingredients so it is not unusual for food to take much longer to be prepared and finally arrive at the customers table. Most of the upscale restaurants are not family welcoming. Children of young ages are frowned upon as to not disturb the dining experiences of others. Children seem to not sit still and be noisy. They are also very messy. In high class restaurants it is not usual to see a child, although it is not a standalone rule, it is just a rule that is thought to be in place. These restaurants are more sophisticated and seem as though only a certain type of financially able people should dine there. It is unlikely that a person with little or no money would pay a hundred dollars for a steak and a potato. A person of wealth, on the other hand, would pay a large quantity of money for a simple, yet elegant meal. Although upscale restaurants may have standards, these restaurants have very friendly and inviting staff. It is only an expectation that if customers are willing to pay top dollar for their food, then they shall receive top dollar service. Waiters are usually always there to make sure that your glass is always full and you are happy with how your meal turned out. Along with their friendly and inviting service, most of these restaurants serve only the best and the freshest food available. These items are made fresh right when ordered as opposed to fast food restaurant’s food which is premade and heated to serve to customers. The food that is prepared at upscale restaurants is made to please its customers in the best way possible. Anyone can count on reliable food, service, and cleanliness from upscale restaurants. The goods must outweigh the bad in every area for this type of restaurant to still be popular and serving people to this day. Americans all over the world enjoy different types of restaurants. Mobile food businesses, buffets, and upscale restaurants mark just a few classifications of the restaurant businesses that are found throughout the country. Even with the obvious differences that they possess, the share one common goal; to serve the people who desire and yearn for their food. Although these places may leave drawbacks, they each possess a certain advantage that draws customers back time and time again.

Why Top Female Athletes Stay in Male-Dominated Sports to an Elite Level

Abstract This study is focused on why top female athletes stay in male-dominated sports to an elite level and involves female athletes from different countries. Semi-structured interviews will be carried out on 15 participants. The study is characteristically interpretive and qualitative, and involves a four-year timeframe. 1. Background Sport is an institution that continues to create, reinforce, and maintain male hegemony. However, some of its aspects may also be seen as a product of collective effort. Gender diversity in sports are often placed in subtle, multi-level and ignored structures and behaviours embodied in sport organisations. Hence, there is a need for continued work on the matter (Fink 2008). The participation of female athletes in male-dominated sports will be explained by male hegemonic concepts as well as cultural and structural concepts.1.1 What prompted the interest in the topicWhat prompted the interest in the topic was the researcher’s own exposure in female sports where she was able to associate with elite female athletes of various ages from different countries, including those under Islamic rule and the Muslim region, such as Iran, Morocco, and Turkey. She has had worked closely with female competitors in over 50 members of the International Federation of Muaythai Amateur (IFMA), and h ence considers the topic a realisable one. Since the researcher is into sports herself and associates with the likely respondents of the study, she finds the topic both interesting and challenging.1.2 Relevance to Previous ResearchThe relevance of the topic to previous research is that it serves as a supporting material to what has already been claimed of the participation of female athletes in male-dominated sports. Previous research has indicated the prevailing role of cultural and structural systems that produce and reproduce these sports as an exclusive realm of male athletes (e.g. Anderson 2008; Carty 2005). The present study confirms these notions, and likewise looks into patterns of possibilities whereby female athletes can be generally accepted and recognised within these once male-stereotyped sports.1.3 Contributions to the Research and the FieldThe study’s contribution to research is identified in its investigation of culture, and somehow, of gender issues, in the p articipation of female athletes in male-dominated sports. Its contribution to the field is its introduction of certain theoretical concepts that can explain why female athletes continue to delve into male-dominated sports and an analytical explanation of their intent to stay or move out of the system.1.4 Research Aims and ObjectivesThis study aims to ascertain why top female athletes stay in male-dominated sports to an elite level; the hurdles they face and how they overcome these hurdles. It also aims to draw out the similarities in challenges faced by these elite athletes and to see if such challenges are similar across cultures and religions. The study purports to use this understanding to help support women to stay in a specific sport once they are already participating. The objectives of the research are as follows: To review the existing literature on the subject of Sports Sociology in relation to women’s sports participation; To conduct interviews and surveys to elite female athletes from various countries; To find out gaps in knowledge within the field; and To provide recommendations for future research. 2. Literature Review This part of the research proposal identifies a range of works and studies related to the topic being investigated. It aims to establish the theoretical framework for the study and provide evidence to the topic.2.1 Trends in the Literature Relating to the Research TopicIn their work, Krane, Choi, and Baird et al. (2004) stated that female athletes live in two cultures: One that is characteristically masculine; and the other – the larger social culture – which celebrates femininity. The study was linked to feminist cultural studies and aimed to determine how female athletes negotiate femininity-based social expectations with athleticism. It involved 21 female athletes who served as participants in focus group discussions. Three themes comprised the data analysis, specifically the ‘influence of physicality, femininity, and athlete as other.’ The data revealed that being athletic is in contrast to being feminine and that the participants themselves felt being marginalised as athletes and expressed that others perceive them as being ‘different’ from typical women. Despite these, they were proud of their physical strength and developed bodies and regarded themselves as being empowered, which can be generalised beyond the context of sports (Krane et al. 2004). The use of focus group discussions in the study aimed at encouraging self-disclosure amongst female athletes with similar experiences and reducing the anxiety that might be felt in individual interviews. The authors also pinpointed the fact that focus groups are especially effective in feminist research (Krane, et al. 2004). According to Carty (2005), sport has been a social aspect that has traditionally prevented women from participating. Recent policy developments and broadening public support enabled girls and women to participate dramatically in sports that had been typically limited only to men. Female athletes had come out from those sports that had been stereotypically designated only to them, such as tennis and gymnastics, and can now play male-dominated sports such as hockey, football, rugby, and so on. Of equal significance is the revealing of masculinity constriction and the concept of gender differences. Hence, Carty explored social changes accompanying the broadening popularity of women in sports and some opposing messages in advertisements initiated by these changes. The qualitative method is used in the study to explore all the issues covered by the aims and objectives, which were tackled through semi-structured interviews. It may be inferred that Carty’s assertion on the constraint s placed against women in regard to participating in male-stereotyped sports is similar to the notion of Krane et al. (2004), specifically the marginalisation of female athletes and their being perceived as different from normal women. There is therefore congruence between the two authors in reference to their view of the situation of female athletes in male-dominated sports. On the other hand, Pringle (2005) emphasised that issues linked to female sport and exercise can be examined via Foucauldian theories. However, the Gramscian theory, which is used to examine the concept of masculine hegemony, remains dominant. The article made a comparison and contrast of the theoretical tools branching from Foucault and Gramsci’s writings in relation to investigating sport and masculinities. It was indicated that masculine hegemony does not simply point to a prevailing concept of masculinity but also to specific understandings of power that may be problematic to some. The discussion is useful to the study as it focused on the concept of masculine hegemony that can address the prevailing male dominance in sports, as well as male sports in general, which had once been (and continuous to be) considered an exclusive field for male athletes. It is important to note that Pringle’s assertion provides the groundwork for the situation of female athletes, as ex plored by the concept of masculine hegemony that explains women’s marginalisation, pinpointed earlier by Carty (2005) and Krane et al. (2004). Pringle’s concept of masculine hegemony was similarly described by Whisenant, Pedersen, and Obenour (2002) who cited the end of the Association of Intercollegiate Athletics for Women (AIAW) as the cause for sport administrators to deal with reestablishing their place as athletic directors. The study aimed at assessing the success ratio of these directors, focusing primarily on gender. The initial results validated the expected findings that masculine hegemony is a well-established concept within inter-collegiate athletics. This is note-worthy in the topic’s exploration of the hurdles faced by female athletes in male-dominated sports. On the other hand, Vincent, Imwold, and Masemann et al. (2002) made an investigation of female athletes’ receipt of equitable coverage in â€Å"women’s games.† The study made a comparison of six selected newspapers from Canada, Great Britain, and the United States and how they dealt with male and female athletes during the 1996 Centennial Olympic Games. The qualitative method and content analysis were used for the comparison of all articles and photographs of athletes on all newspapers involved. Albeit there were differences found, the results generally demonstrated an equitable amount of coverage for both male and female athletes participating in the games. The study confirmed the idea that female athletes receive increased newspaper coverage when they participate in major competitions. However, analysing critically Vincent et al.’s work against those of Pringle (2005), Krane et al. (2004), and Carty (2005), one may posit that the former tackled a rather neutral presentation of female athletes vis-a-vis male athletes, as demonstrated by the equitable newspaper coverage on them. Vincent et al. looked into the ‘outward configuration’ of the male-female dichotomous existence in sports, as against the internal focus made by Pringle (2005), Krane et al. (2004), and Carty (2005).2.1.1 The Role of Culture in SportsIn their study, Elling and Knoppers (2005) used a social-critical perspective to analyse symbolic sport inclusion/exclusion in relation to gender and ethnicity amongst adolescents. The findings suggested that dominant normative gendered images still influence young people’s preferences in sport participation. Sport can function as an integrating agent as well as a differentiating and discriminating tool amongst the youth. With regard to gender, sport participation is less predictable because of such circumstances as ethnicity interactions. Albeit ethnic minority females had the least participation in sport, a relatively higher value is placed on traditional masculine sports such as karate and soccer. Additionally, the potential circumstance of being labeled as ‘sissy’ serves as a powerful mechanism to exclude oneself from participating in conventional sports for girls. However, stereotypical images are continually challenged as well (Elling and Knoppers 2005). Viewing the earlier notions of gender-based explanations of the uneven perception between male and female athletes (e.g. Pringle 2005; Krane et al. 2004, and Carty 2005), Elling and Knoppers apparently provided a deeper explanation of the reason for such disparity. On the other hand, Pelak (2005) emphasised on how South African female football players negotiate ideological constrictions in participating in the stereotypically masculine sport. The author highlighted the micro-level experiences of situating athletes within social structures at macro level, such as apartheid. The study used a multi-method approach, including interviews, survey, observations, and documentary data. Various feminist sport frameworks and theoretical insights of Black feminists contributed to the analysis. The findings revealed an ongoing creative resistance amongst female soccer athletes against exclusionary practices in the sport. Pelak evidently upheld the findings of Elling and Knoppers (2005) with regard to symbolic sport inclusion/exclusion, as exemplified by social structures that serve as constraints to female participation in male-dominated sports. Meanwhile, the study of Anderson (2008) explored the cultural and structural elements that contribute to the breeding of anti-feminine perspectives amongst men in team sports. The authors initially led the readers to the view that men’s separation into a homosocial environment puts a limit to their social contact with women and promotes a hostile masculinity that induces the proliferation of orthodox views about women. However, the study also suggested that when these same men participate in a gender-incorporating cheerleading sport competition, they tend to reinvent their perspectives toward women. The author used a range of theoretical concepts and linked them to grounded observations and interviews, upon which a theoretical model was established. He specifically used a socio-feminist theory of masculinity that holds gender as being formulated by an intricate interaction of â€Å"organisational culture, institutional power, and individual agency.† The study involved a sample of 68 male cheerleaders who identified themselves as heterosexual and who used to play football. The findings suggested that the socially negative outcomes affixed to male sport athletes might potentially reduce through gender-incorporating sports (Anderson 2008). This study is relevant to the topic under study as it explains the male athlete’s propensities when participating in male and female stereotypical games, thereby contributing to its query on why women stay in male-dominated sports.2.2 Limitations and/or Gaps in the LiteratureThe existing literature on the topic is observed to include works that are not very recent, which hence suggests a need for updated findings. There are not many academic studies delving into the issue of culture as a prevailing factor for certain sports to be perceived as typically male; and most of which are discussed using gender-based criteria. Theoretical Framework Below is the theoretical framework of the study based on the literature: Figure 1: Theoretical Framework 3. Research Methodology3.1 Research ParadigmThe interpretive and positivist paradigms are utilised in this research. The interpretive paradigm states that social actors generate meanings about their interaction in the world. Social reality is hence interpreted as an attempt to interpret the world, thereby connoting a subscription to realist ontology (Scott and Morrison 2005). The use of interpretive paradigm is justified in this study as it attempts to gather interview data that are grounded on ascertaining perceived realities surrounding female athletes, as well as the meanings they append to these realities. The positivist approach, on the other hand, relies on the methods of the natural science (Lee 1991) and is seen in the study’s use of survey to assist certain inferences suggested by interview data.3.2 Research Design and MethodThis study is characteristically mixed methods (combination of qualitative and quantitative methods) in its research design. Qualitative methods hold that findings about human interaction (e.g. female athletes) can be understood better and more systematically when studied from the inside out rather than the opposite (Monsen and Horn 2008). Quantitative methods, on the other hand, maintain that phenomena can be explained by collecting numerical data (for this study is the survey) that are analysed through statistical methods (Mujis 2011).3.3 ParticipantsThe research participants for both interviews and the survey are 13-35 year-old female athletes from different countries with whom the researcher has frequent association, including those under Islamic rule and Muslim religion, such as Iran, Morocco, and Turkey. The sample size for the interview is 15, which is considered sufficient to generate findings. For the survey, the sample size is 35.3.4 Data CollectionPrimary and secondary data shall be collected. Primary data shall be generated from semi-structured interviews and the survey whilst secondary data shall support the pri mary data and shall be obtained from books and academic journals. An interview schedule and a survey questionnaire will be constructed.3.5 Data Analysis and DiscussionOnce the information has been established, data analysis will take place using the thematic analysis, which intends to find patterns/themes/meanings from a range of data sets (Hamdan 2009). The discussion will be towards addressing the research questions and will be backed by the literature.3.6 Weaknesses and LimitationThe study finds no weakness in its methodology. One limitation that can be identified is in terms of using interviews for data gathering, which is perceived to lack generalisability because of a relatively small sample (Ford 2012). This is addressed by using a larger sample (15 participants) (e.g. Waltz, Krumperman, and Zigmont 2011) and triangulation through the survey.3.7 Ethical ConsiderationsFirst amongst the ethical considerations that the study takes note of is the anonymity of the target participa nts, as well as the confidentiality of data to be collected. It is the researcher’s responsibility to ensure that participants provide informed consent prior to their participation and that they have the right to withdraw their participation at any point, without incurring any liability. The data collection shall take place vis-a-vis having informed the participants of the general purpose of the study and why their participation is being sought. Moreover, the data will be stored in a database using passwords that only the researcher knows, whilst the survey questionnaires will be put to safekeeping and disposed of upon the total completion of the research in order not to be accessed by anyone. The proposal shall require approval from an ethics committee.3.8 Significance of the ResearchThis study is significant in a number of ways, one of which is its contribution to the existing literature on female participation in what has been generally considered as male-dominated sport. Another is its confirmation of the prevailing role of culture and gendered images in such perception, as well as the continuing struggle of female athletes to situate themselves in the realm of sports, thereby adding to the existing knowledge on the subject.3.9 TimelineThe research timeline starts on February 3, 2014 and ends on February 16, 2018. The first part of the survey will be done in May 2014. The various aspects of the research are shown in the Gantt chart below: Figure 2: Gantt chart showing the research timeline References Anderson, E. (2008) ‘I Used to Think Women Were Weak’: Orthodox Masculinity, Gender Segregation, and Sport. Sociological Forum, 23 (2), 257-280. Carty, V. (2005) Textual Portrayals of Female Athletes: Liberation or Nuanced Forms of PatriarchyFrontiers: A Journal of Women Studies, 26 (2), 132-172. Elling, A. and Knoppers, A. (2005) Sport, Gender and Ethnicity: Practices of Symbolic Inclusion/Exclusion. Journal of Youth and Adolescence, 34 (3), 257-268. Fink, J. S. (2008) Gender and Sex Diversity in Sport Organizations: Concluding Comments. Sex Roles, 58 (1-2), 146-147. Ford, N. (2012) The Essential Guide to Using the Web Research. First Edition. London: Sage Publications Ltd. Hamdan, A. (2009) Muslim Women Speak: A Tapestry of Lives and Dreams. Toronto: Women’s Press. Krane, V., Choi, P. Y. L., Baird, S. M., Aimar, C. M., and Kauer, K. J. (2004) Living the Paradox: Female Athletes Negotiate Femininity and Muscularity. Sex Roles, 50 (5/6), 315-329. Lee, A. S. (1991) Integrating Positivist and Interpretive Approaches to Organizational Research. Organization Science, 2 (4), 342-365. Monsen, E. R. and Horn, L. V. (2008) Research: Successful Approaches. Third Edition. US: American Dietetic Association. Mujis, D. (2011) Doing Quantitative Research in Education with SPSS. Second Edition. London: SAGE Publications. Pelak, C. F. (2005) Negotiating Gender/Race/Class Constraints in the New South Africa: A Case Study of Women’s Soccer. International Review for the Sociology of Sport, 40(1), 53-70. Pringle, R. (2005) Masculinities, Sport, and Power: A Critical Comparison of Gramscian and Foucauldian Inspired Theoretical Tools. Journal of Sport and Social Issues, 29 (3), 256-278. Scott, D. and Morrison, M. (2005) Key Ideas in Educational Research. NY: Continuum International Publishing Group. Vincent, J., Imwold, C., Masemann, V., and Johnson, J. T. (2002) A Comparison of Selected ‘Serious’ and â€Å"Popular’ British, Canadian, and United States Newspaper Coverage of Female and Male Athletes Competing in the Centennial Olympic Games: Did Female Athletes receive Equitable Coverage in the â€Å"Games of the Women†International Review for the Sociology of Sport, 37 (3-4), 319-335. Waltz, B. J., Krumperman, K. M., and Zigmont, J. (2011) Foundations of EMS Systems. Mason, OH: Delmar Cengage Learning. Whisenant, W. A., Pedersen, P. M., and Obenour, B. L. (2002) Success and Gender: Determining the Rate of Advancement for Intercollegiate Athletic Directors. Sex Roles, 47 (9-10), 485-491.

Digestion and Important Functions

Anatomy &  Physiology Digestion is the process by which food is broken down into smaller pieces so that the  body can use them to build and  nourish cells and to provide energy. Digestion involves the mixing of food, its movement through the  digestive tract (also known as the alimentary canal), and  the chemical breakdown of larger molecules into  smaller molecules. Every  piece of food we eat has to  be broken down into smaller nutrients that the body can absorb, which is why it takes hours to fully digest food. The digestive system is made up of the digestive tract.This consists of a long  tube of  organs that runs from the mouth to the anus and includes the esophagus, stomach, small intestine, and large intestine, together with the liver  , gall  bladder  , and  pancreas, which  produce important secretions for digestion that drain into the small intestine. The digestive tract in an adult is about 30  feet long. Mouth and Salivary Glands Digestion – begins in  the mouth, where chemical and mechanical digestion occurs. Saliva or spit, produced  by the salivary glands (located under  the tongue and near the lower  Ã‚  jaw), is released into the mouth.Saliva begins to break down the food, moistening it and making it easier to  swallow. A digestive enzyme(called amylase) in the saliva begins to break  down the carbohydrates(starches and sugars). One of the most important functions of the mouth is  chewing. Chewing allows food to be mashed into a soft mass that is easier to swallow and digest later. Esophagus – Once food is swallowed, it enters the esophagus, a muscular tube that is about10 inches long. The esophagus is located between the throat and the stomach. Muscular  wavelike contractions known as peristalsis push the food down through  the esophagus to the stomach.A muscular ring (called the cardiac sphincter) at the end of the esophagus allows food to enter the stomach, and, then, it  sque ezes shut to prevent food and fluid from going back up the esophagus. Stomach – a J-shaped organt hat lies between the esophagus and the small intestine in the upper  abdomen. The stomach has 3 main functions: to  store the swallowed food and liquid; to mix up the food,  liquid, and digestive juices produced by the stomach; and to slowly empty its contents into the  small intestine. Small Intestine – Most digestion and absorption of food occurs in the small intestine.The small intestine is a narrow,  twisting tube that occupies most of  the lower abdomen between the stomach and the beginning of the large  intestine. It extends about 20 feet in length. The small intestine consists of 3 parts: the duodenum (the C-shaped part), the  jejunum  (the coiled midsection), and the ileum(the last section). The small  intestine has 2 important functions. First, the digestive process is completed here  by enzymes and other substances made by intestinal cells, the pancreas, and  the liver. Glands in the  intestine walls secrete enzymes that breakdown starches and sugars.The pancreas secretes enzymes into the  small intestine that help  breakdown carbohydrates, fats, and proteins. The liver produces  bile, which is stored in the gallbladder. Bile helps to make fat molecules (which otherwise arenot soluble in water) soluble, so they can be absorbed by  the body. Second, the small intestine absorbs the nutrients from the digestive process. The inner wall of the small lintestine is covered by millions of  tiny fingerlike projections called villi. The villi are covered with even tinier projections called microvilli.The  combination of villi and microvilli increase the surface area of  the small intestine greatly, allowing absorption of  nutrients to occur. Undigested material travels next  to the large intestine. Large intestine – forms an upside down U over  the coiled small intestine. It begins at the lower rig ht-hand side of the body and ends  on the lower left-hand side. The large intestine is about 5-6 feet long. It  has 3 parts: the cecum, the colon, and the rectum. The cecum is a  pouch at the beginning of the  large intestine. This area allows food to pass from the small intestine to the large intestine.The colon is where fluids and salts are absorbed and extends from the cecum to the rectum. The  last part of the large intestine is the rectum, which is where feces(waste material) is stored before leaving the body through the anus. The main  job of the large intestine is to  remove water and salts (electrolytes) from the undigested material and to form solid waste that can be excreted. Bacteria in the large intestine help to  break down the  undigested materials. The remaining contents of the  large intestine are moved toward the rectum, where feces are stored until they leave the body through the anus as a  bowel movement.

American history between 1607 and 1800 Essay Example | Topics and Well Written Essays - 1000 words

American history between 1607 and 1800 - Essay Example n, this brief analysis will consider the effect that the Seven Years War and the subsequent revenue acts of the mid to late 1760s had on congealing an anti-Imperial tone within the American populace; a tone that necessarily and ultimately gave way to feelings of outright rage and hatred for the ruling British and the extent to which the American colonies saw themselves as extensions of this power. By way of such an analysis, it is the hope of this author that the reader/researcher can come to a more clear and definitive understanding of why the colonial forces believed they could challenge the British and what preliminary aspects of interaction helped to bolster this type of courage. The Seven Years War, or alternatively the French – Indian War as it was referred to in the colonies, was a period of conflict that actually spanned 8 years and affected almost all of the European powers, the North American colonies, as well as the Caribbean, India, the Philippines, and parts of Africa. As such, it paved the way for the introduction of a very high level of debt within the European system as a function of the fact that the war was so extraordinarily expensive and at that time budgets had to be balanced prior to moving on. As such, it necessitated the institution of an array of taxation on the colonies as well as the home nations involved. Although it may be seen as convenient by many American historians to view the colonies as shouldering an unreasonable percentage of the debt from the Seven Years War, this is entirely not the case.1 Rather, all of Britain’s possessions had taxes levied against them as it was the crown’s understanding that all com ponent parts of the Empire must share in the debt that the Empire had accrued by means of ensuring its continued existence. As a function of this, all of the British territories, holdings, and Imperial possessions had taxes, duties, and other revenue mechanisms affixed to rapidly seek to pay down the debt through

Finance project Assignment Example | Topics and Well Written Essays - 1000 words

Finance project - Assignment Example An analysis of the financial forecasts presented gives an insight into the financial requirements of the project. Suitable methods of project evaluation such as Net Present Value method, Internal rate of Return and Profitability Index approaches can be used to evaluate this project. Decision making by the Board of Directors can be based on one, two or all of the above methods. Determination of the cost of capital is significant as this will give the discounting rate to be used to discount the cash flows expected from the project. A rate of 8 percent is determined using the dividend growth rate model. This rate is adjusted to incorporate the risk factor present in the business. The risk adjusted discounting rate is therefore 11 percent. Depreciation is calculated using the MACRS approach of General Depreciation System. The rates are as prescribed in Table A-1 (US Treasury 946). A depreciation tax shield is calculated based on the depreciation values and this is added back as a benefit. The NPV approach gives a Net Present Value of $ 20,893,000. Therefore, the project should be implemented as it promises a positive NPV. Financially, the project is viable. If the funds obtained were non-interest bearing, the project would be financially viable under this approach. Under the Internal Rate of Return method, the PV of all future incomes are compared against the Initial investment and the discounting rate which equates the two represents the IRR. It is that discounting rate which yield a zero NPV. From the financial data obtained, the rate is determined as 11.48%. This is above the investors’ required rate of 8% and the risk adjusted rate of 11%. The project therefore will generate a higher return and should therefore be implemented. Using the Profitability index approach, the PI of the project is more than 1 and therefore viable. It yields a PI of 1.16. The project should therefore be implemented on this

The experiences of World War 1 and why many opposed it Essay

The experiences of World War 1 and why many opposed it - Essay Example The World War 1 made many people have varied experiences starting from the soldiers, their families, children and various races involved in the war. The War had a mental and physical effect to both the soldiers and their families. Physically, many soldiers and civilians died in the course of the war. Their families lost the source of income while the children lost their loved ones, (Shaw, 111). Mentally, trauma was the main effect. In this case, many people who saw the massive killings took a long time to get through the incidence. As such, psychologies argue that some soldiers and civilian suffered depression and extreme cases of trauma. The soldiers suffered severe injuries on their bodies that left them traumatized. The soldiers went through a ‘shell shock’, which is an emotional shock that was a s a result of the horrors they witnessed. The soldiers saw and heard many things while fighting in the trenches, as they witnessed other soldiers scream in pain and agony, as they literary waited for their turn. Most of the soldiers crumbled to pieces, while others improved but continued to experience nightmares for the longest time. Wilfred Edwards in his poem quoted some of the experiences â€Å"(Gas! Quick, boys-An ecstasy of fumbling,Fitting the awkward helmets just in time;But somebody still was stumbling and yelling out  And struggling like a man in fire or lime)...† Such an experience is horrifying and can make one have nightmares for the rest of his life even after the War ends.

Techniques for constructing facilities in remote locations Essay

Techniques for constructing facilities in remote locations - Essay Example processes involved when constructing facilities in remote areas which include: site selection, site characterization, construction and post construction technique. The construction of facilities is a very important aspect of the day-to-day lives. An effective facility needs to be responsive and able to support the economic activities that might be taking place at the constructed facility. The constructed facility needs to be safe, secure, comfortable, accessible, well illuminated as well as well ventilated in order to support the activities that might be taking place at the facility. The constructed facility needs also to be aesthetically pleasing to the eyes too. It is mandatory clearly to note that a constructed facility also includes other building systems that might be included in the facility too. They include the mechanical systems of the constructed facility, power and electrical systems, plumbing, security, telecommunications as well as the fire suppression equipment. The constructed facility also includes some materials and supplies, the furnishings as well as the equipment for information technology. The layout and design of the cons tructed facility help in supporting the activities that might be taking place at the constructed facility (Chandra2005). However, there are those facilities that are specifically constructed for the remote areas. Much technology and engineering principles go a long way into helping construct such facilities in a remote environment. This is because a remote environment is a place that is naturally inhabitable by human beings or any other life forms. Therefore, many techniques are usually employed in order to help construct a facility in a remote location. The main advantage of constructing a facility in a remote location is that it is much easier to achieve much more sustainable outcome from the remote facility compared to other locations (Sears, Sears and Clough (2010). However, the magnitude of the proposed construction

The Betterment of the Whole Organization than Individual Effort Essay

The Betterment of the Whole Organization than Individual Effort - Essay Example Ethics specifically deal with moral issues as described above and they often derive from the values of the people in the organization or a particular group. Basically, values are described as the â€Å"essential and enduring tenets† that distinguish a certain company from the others and they are â€Å"not to be compromised for financial gain or short term expediency,† (DesJardins, 2006, p. 5). The values of the company spell its core ethical framework which should not be compromised for financial gain. Essentially, each business should strive to create a fine balance between its profit-oriented goals as well as the interests of the stakeholders. It is important for our company to take into account the stakeholder approach in its operations which states that it should be accountable for its activities to all the people affected by its operations (Rossow, 2004). I realised that as a company, we were more concerned about our own interests. More so, I later realised other e mployees were also involved in this practice and they even advised me to follow suit but my conscience would not allow me to behave like that. I had a strong ethical background from the knowledge I gained from my classes. I was closer to reality since I was working in the sales department and was aware of the real situation obtaining on the ground. Therefore, I was in a position to give meaningful advice to the top management in the company but I was scared of approaching them over the issue. An element of fear poses an ethical dilemma since she should be in a position to freely interact with the management as well as updating them about what ought to be done in the company so that it can improve its performance.

Failures of Cross Border Mega Mergers Research Paper

Failures of Cross Border Mega Mergers - Research Paper Example According to Ghemawat and Ghadar (2000), global mergers are made for a completely misguided and wrong reason. I support the arguments that the two authors advanced in their article,’ dubious logic of global mega-mergers. Nothing more explains the wrong reasoning behind the mergers except the levels of their failures. There much that should, therefore, guide international businesses while considering an international merger. This paper provides illustrations to support my position on this matter. Failures in cross border mega-mergers Ghemawat and Ghadar (2000) argues that the wisdom of the ‘winner takes it all’ in globalization and mega-mergers is misplaced and has no empirical evidence to support it. The craze for globalization has had no significant impact on the financial strengths and growth of a given company. To them, there is a need for executives to stop pursuing the biases that have led them to make mega-mergers and cross border deals. Globalizations have different facets, which are more economically viable as opposed to needless expansion. Cross border mergers are viewed by investment analysts as a way of making entries into a foreign market, and several reasons explain the high number of cross border mega-mergers around the globe. However, the high number of failures and low business experienced after international mergers strengthen the stand taken by Ghemawat and Ghadar (2000). The significant number of cross border mega failure has resulted in increased studies to ascertain whether the craze for acquisition and mergers is outplaced. Ghemawat and Ghadar (2000) are of the view that the increased number of crossed border mergers and acquisitions are a waste of resources and time to the companies as they are bound to fail. The process of expansion into new borders and foreign lands has a number of economic factors that need to be put into consideration. These include the foreign currency of operation, the socio-cultural and politica l set up of the nation and the political stability; therefore, any organization must factor in all these factors before making a step towards acquisition and mergers in foreign states (Sudekum, 2009). In cross border mergers, companies that have their headquarters and operation bases in different countries and regions come together and merge their operations, this results into the merger of different political and social settings that affect the operations of a business. Political, social and economic differences between countries make globalization and cross border mergers a tough undertaking. Differences in the fiscal policies also present a number of challenges to companies operating in foreign settings. The harmonization of fiscal policies even in the European Union has not created a business environment that is economically and politically homogenous. International labor laws in organizations also differ significantly. This present challenges to companies operating in new econo mic and political setups (Hughes, 2012). In the process of finalizing cross border mergers, companies tend to overlook essential factors and this has created failures in a number of mega-mergers.

Teaching IT Ethics in Arabic Countries Approaches and Attitudes Research Paper

Teaching IT Ethics in Arabic Countries Approaches and Attitudes - Research Paper Example Thus maintaining ethical codes of conduct for the uses of computers or information systems has become a necessary aspect in every institutional organization. This study focuses on the ethical measures reflected in the information technology within organizations in the Arab countries particularly highlighting the region of Saudi Arabia. It considers certain literature reviews as well as focused on some of the companies to unlearn the present scenario of ethical practices in information technology uses, and hence conducted a detailed analysis on the ethical structure of information systems in Saudi Arabian organizations. Keywords: Computers, Information technology, Ethics, Business organizations List of Abbreviations: IT: Information Technology NCS: National Computer Systems Introduction:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  In the current global scenario, information technology can be found to have advanced to a great extent. Companies require performing under different rules and policies (Northcu tt, 2004, p.4). With greater advancements, the use of computers and the IT systems have become very uncomplicated and easy for the users to exchange information. However, attitudes towards the ethical issues have been found to alter amongst the users in the modern organizations and several unethical practices are being prevalent. Often acquaintances may create circumstances where a person tends to get influenced to follow unethical practices. IT proficient organizational members are capable of controlling information systems and hence can manipulate the system procedures. To put a control on such issues, several institutions in developed countries are endorsing ethical codes that the professionals are required to follow. The absence of ethical codes in computers and IT reflects the threats of the users getting involved in â€Å"privacy and software piracy† (Information Resources Management Association, 1994, p.428). The ethical codes in computers and information technology ad minister and control the use of computers, networks and information systems. The ethical issues that generally arise in this respect include unlawful use of computers, theft in computer software, hardware or other process systems, privacy issues as well as use of any material that may be unacceptable in the organizational culture. Thus, organizations need to focus on the codes of ethics to control these measures (Shelly, Cashman, Gunter & Gunter, 2007, p.484). The study has taken into consideration certain literature reviews and a few companies in the region of Saudi Arabia have been taken as case studies reflecting the ethical practices in business organizations on the use of computers and information technology.   Research Framework:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  To study the ethical codes maintained in organizations in Saudi Arabia in the context of the use of computers and IT, this report focuses on certain theoretical study work based on the institutional theories on IT and organiz ational learning to provide with a fundamental understanding on the ethical issues related to information systems. Moreover, the research focuses on some of the selected organizations from Saudi Arabia to reflect on the current scenario of ethical practices in Saudi Arabia. The use of IT has developed largely in a short period of time spreading across the globe in different regions providing high quality services to its users. The broadening of the information syste

Legal, Social, and Economic Environments of Business Assignment

Legal, Social, and Economic Environments of Business - Assignment Example Despite small businesses enjoying a wide range of advantages over their large business counterparts like lower initial costs, flexibility in terms of operations and maximization of the few niche of customers that they handle, there are still several issues and challenges surrounding the handling of such businesses if not just a few that they have to contend with and manage. The issues revolve around finances of such organizations, management problems including wrangles in leadership and employee issues (Associates & Granville, 1989). The simple survey I carried out revealed to me a gist that many small businesses are at the dire risk of being bankrupt, this majorly arises due to the fact that most small businesses do not have at their disposal a wide range of financial sources to get money (Associates & Granville, 1989). Undercapitalization has also been highly attributed to poor planning and management of the few resources that are at their disposal, in our case there are very creative innovations without financiers. This is also largely attributed to the fact that a private businessperson has access to all the finances of the business and may not be in possession of all the knowledge to manage the resources (Hisrich, 2004). Another contributor to the financial challenges is the fact that small businesses all financial liability finally rests on a single person who becomes liable to all business debts in case of liability hence financial burden. Apart from undercapitalization, most small businesses suffer businesses also suffer problems of general mismanagement due to lack of skills by their owners who act as the central managers to the businesses (Hisrich, 2004). ... Apart from undercapitalization, most small businesses suffer businesses also suffer problems of general mismanagement due to lack of skills by their owners who act as the central managers to the businesses (Hisrich, 2004). This problem can only be eliminated if management can be separated from ownership. Actually this problem as observed in many small businesses resulted from a myth called the â€Å"Entrepreneurial Myth† where an expert in a given filed is believed to be in the position of running a successful business in the same field. This is normally not the case (Associates & Granville, 1989). Problems with employees is normally not that much in small businesses but still due to one on one touch with all its employees the business at times come to loggerheads with its employees (Hisrich, 2004). To help on the challenges above several legally instituted businesses are at the disposal of an entrepreneur to pick from when considering alleviating such issues. One is the sole proprietorship: this is a business entity where there is no legal distinction between the owner and the business (Hisrich, 2004). The owner enjoys all the profits and the benefits, has all the control in business operations with the only major challenge being difficulties in raising capital and harsh local authority taxation laws and regulations (Hisrich, 2004). Secondly, we have the partnerships. As opposed to sole trader, partnership is an association of more than one individual and a maximum of around twenty who in an association spirit comes together and draws what we call a partnership deed that is a legal binding document for all partners (Associates & Granville, 1989). This document defines their extent of operation and business insolvent. In this form of business, profits

Philosophy Essay Example | Topics and Well Written Essays - 2000 words - 7

Philosophy - Essay Example However, if the actions of people are determined, it seems they fail to have free will, therefore, the can never be blamed or failed for their actions. There are five areas of philosophy, which cluster together in standard ways, though they overlap between the areas, even in section in various clusters is rate, and there can experience slight differences in their clusters. This area studies the major philosophers like Aristotle, Descartes, Nietzsche, and Hume, together with the entire periods in philosophy development (Jaspers, 16). This area is divided into various periods such as modern, medieval, 19th century, and 20th century. It tends to comprehend great figures, their influence, and their importance on the contemporary issues. The study includes area such as existentialism, deconstruction, structuralism, phenomenology, critical theory, post-structuralism, and hermeneutics. The principal figures include Badiou, Adorno, Husserl, Hegel, Sartre, and Derrida. This area consists of philosophy of mind, philosophy of science, formal epistemology, and philosophy of mathematics. Some of the areas have their own sub-branches. For instance, the philosophy of mind includes the emotions philosophy, science philosophy, special sciences philosophy, and social science philosophies. The philosophy involves studying the consequence relations and their related notions. Among the logic sub-areas are higher order logic, classical first-order, and the non-classical logics like relevance, many-valued logics, intuitionistic, and modal. This section comprises the aesthetics, ethics, political philosophy, and social areas. The ethics involves the areas of metaethics and ethics. Normative ethics addresses issues of right conduct, while metaethics is concerned with the epistemological and metaphysical commitments of ethical theories or the moral discourse. Studying philosophy is very important. It enables the learners to know how to carry out things

Who Done It Business Communications Assignments Essay

Who Done It Business Communications Assignments - Essay Example This is a flaw, which the management seeks to address. Consequently, the management has audited the system and discovered the causes of the flaws. The most affected workers were the tellers who deal directly with the clients (Campion). The management has discovered that teller conducted reconciliation in an inappropriate order. The inappropriate reconciliation resulted in the system malfunction. Therefore, the system failed to post such transactions by the end of the business day. The management has realized that most tellers were running close, registering, posting and merging. Execution of the 2.00 P.M in that order meant once the employee click on the post option there would be nothing for the system to merge. Additionally, the consolidate option failed to pop up. Consequently, the teller assumes that the system will deal with such inconsistencies since it is advanced and it executes much functionality automatically. The above malfunction has affected the functioning of the bank greatly. The IT (information technology) department was vested with the task of correcting the above malfunctions. Therefore, this communication seeks to elaborate what corrective measure the entity has adopted to streamline the system (Campion). It is imperative for employees to understand that the system is its initial stages of installation. Subsequently, the system may have several flaws that the developer had not foreseen. The measures that this department has adopted include elaborating the correcting reconciliation procedure to the tellers. The proper procedure is running close, registering, merging and posting. This ensures that the system has data to consolidate and post. Once the tellers conduct in the reconciliation correctly, the cheques will not bounce. Additionally, all the above transaction will be reflected in the appropriate accounts. The new features will include an enlarged merging icon, which is visible to all workers. As such, the tellers will no fail

Eating Healthy and Heart Disease (Cause and Effect) Essay

Eating Healthy and Heart Disease (Cause and Effect) - Essay Example Healthy eating and heart diseases are directly related. It is found that eating fats which are low saturated helps in reducing the risk of diseases related to heart. Changing unhealthy eating habits could help those who are already suffering from illness like high level of cholesterol. A balance of all kinds of food which means the right combination of food is necessary to maintain a healthy body. â€Å"Eating more healthy fat and fewer carbohydrates could help people control high blood pressure and raise their good cholesterol, according to a new study† (O’Leary 9). Usually fats are considered bad for the health but they are also essential ingredient in the overall wellbeing of the body. Certain studies reveal that consumption of fats that are healthy is good for maintaining good cholesterol. Reducing the intake of carbohydrates is another way of maintaining good cholesterol in the body. â€Å"The result from 164 people on different diets showed those rich in protein and good fats outperformed high – carbohydrate diets and reduced blood pressure and the risk of heart disease 20 percent. High on the list of good food was nuts, avocados and olive oil† (O’Leary 9).Diet rich in protein is proved beneficial in lowering the risk of diseases related to heart. Fish is rich in protein. Oily fishes like salmon, mackerel and pilchards have omega 3 fatty acids which are helpful in the prevention of heart diseases. Healthy food contains a lower degree of cholesterol. Fresh vegetables and fruits do not contain any cholesterol. High degree of cholesterol is linked with heart diseases. When there is some sort of accumulation in the arteries, the arteries become narrow. Arteries which are narrow could lead to heart attack or even stroke. Fibre is not categorized as a nutrient; still it is one of the essential components required in maintaining a healthy digestive system. Some fibres do help in

The Raised In A Single Parent Home Essay Example | Topics and Well Written Essays - 500 words

The Raised In A Single Parent Home - Essay Example My father died when I was six years old. That was the tragic start of my life, but my mother promised us that she would not let us live a life of misery. My five siblings and I never knew that mom was so strong. We had always seen her working according to father’s orders and instructions. To us, the father was the all-in-all of our family. But when he passed away, my mother took our father’s role. She promised us that she would do anything to give us a comfortable and facilitated life. She was ready to accept the new challenges and responsibilities with a smiling face. All of us knew how grieved she was a father’s death. For some time, she was all lost and did not know what to do and where to start her life once again. But, we were happy and amazed to see her positive attitude, with which she recollected the shattered pieces of her heart, and led the life of a strong woman. Mom encouraged us to continue our education. She always motivated us to put extra efforts in our academics, because she wanted to see us succeed in our lives. Mom started working in an office and started earning. At first, the earning was little, and we had to compromise over a lot of things as the family was big. But she kept her determination and kept on working. According to her, it was good to keep going slowly than to lose hope. â€Å"Slow but steady wins the race†, she would say. And she won. She got promotion after a year, and her salary doubled. Now, she was able to give us all the comforts of life. My siblings and I were able to continue our education, and we always brought good grades. The spark of happiness in mom’s eyes, when she would see our report cards, was the biggest gift she could ever give us.  Mom’s positive attitude transferred from her onto her children. I am proud to say that my siblings and I are full of determination and hope. We neve r lose hope when we see bad days.

American Dream Essay Example for Free

American Dream Essay Another prop used to represent the truth is the flowers. This makes the ending of Death of a Salesman effective because when Happy and Biff come home after leaving their dad alone in the restaurant they were meant to eat in but instead left with some girls, Happy comes home with some flowers for his mother, Linda. Linda knocks the flowers out of Happys hands out of anger. Linda starts to clean up the mess she has made then realises she has cleaned up enough of her sons messes Pick up this stuff, Im not you maid Linda says. Then the stage direction says Happy turns his back to her in refusal. Biff slowly moves over and gets down on his knees, picking up the flowers which explains another failure of the American Dream. I think this proves the difference between the two brothers and how Biff kneels indicating that he can accept the truth and knows that he cant achieve the American Dream whereas Happy is more stubborn like Willy into believing the dream so Miller intends he is destined to go in the same direction as Willy, which is another failure of the American Dream. Another failure of the American Dream is that Happy follows in his fathers footsteps after he knows what happened to him which led to his suicide which makes the ending of the play effective because this play about Willy could repeat it self but would be about Happy. Happy in a way is brainwashed into thinking that he can reach the American Dream easily because Willy said you just need to be well-liked and masculine when he was younger. Happy is trapped in his own world creating the same tragedy which has already been lived by his father Willy Loman. It also makes the ending of the play effective because Happy still believes in this dream when it might not even be real as he doesnt know anyone who has achieved it. On a materialistic basis, Willy has worked all his life to realize the American Dream but still fails to do that which makes the ending effective. Willy purchases some seeds for his garden and begins to plant them late at night which is another prop which represents the truth. I think Millers intention here was to show the audience that he is close to his suicide but realises that he needs to leave something real and living behind for his family to remember him by. We also know that Willy is close to his suicide because he is planting the seeds at the wrong time of the day, which again I think Millers target here was to give more clues to the audience that Willy was very serious about committing suicide soon. I also think that the seeds that Willy plants are symbolic in a way to another failure of the American Dream because this was Willys desire to grow big and tall ironically just like the plant eventually would. At the end of the play Willy is talking to Ben while he is planting the seeds. He talks about how big his funeral will be before he is even dead making the end of the play effective because hes dreaming about depressing things that will happen after his death for example what his funeral would be like. To be more specific how many people there would be from all over America. This is another failure of the American Dream because Willy shows that he has definitely given up on this dream that he had talked about all his life implying that he is going to kill himself. He is selling himself off and valuing himself and he acts as if he is making a business deal with himself. He also talks about how much money Biff will get and that he will be in front of Bernard again in terms of money. Bernard was their neighbour who was a clever boy and went to the same school as Biff and Happy. But back then, in the past Willy influenced his sons to just concentrate on being popular so they could accomplish the American Dream as soon as possible which is a failure of the American Dream because there is a lack of personality from both Biff and Happy. The stage directions are another significance in the play to represent the failures of the American Dream. At the very end of the play it mentions that the hard towers of the apartment buildings rise into sharp focus. I think Miller illustrates that even though Willy has now gone forever and is dead, the things that Willy hated the most will still be there and the society will move on which is a failure to achieving the American Dream because he has given up on himself and letting society win over him. In the video each time Willy went back into the past it was always set in the garden where it was bright. The contrast of colours between the clothes that were worn were the colours of the American flag. But in the past the colours were bright colours of red blue and white whereas in the present the clothes worn were more faded and dull colours. I think the costumes designers purpose here was to show the difference between the present and the past. I also think that the costume designer used bright colours in the past to illustrate that there was more hope for Biff and Happy to achieve the American Dream back then. I believe that the audience might respond to the faded colours of clothes worn in the present meaning that the clothes were old, demonstrating that the family could not afford to buy new clothes and other luxuries and this reflects a failure of the American Dream in the film. The ending of the play is effective because its a tragedy how Willy still believes in the American Dream after all he has been through and all the lies he has made up to accomplish this dream. There are many failures of the American Dream which makes the ending of Death of a Salesman effective because all these failures are revealed at the end of the play. Overall I think that Arthur Miller makes Death of a Salesman an effective ending in terms of presenting the failures of the American Dream by revealing the truth at the end of the play. The ending of the play is appropriate because it unravels all the unknowns throughout the play explaining why things happened and reasons why Willy, Biff and Happy had failed the American Dream .

The European Renaissance Essay Example for Free

The European Renaissance Essay The European Renaissance was one of the most important periods of time in all of Western Civilization’s history as many of the cultural, social and philosophical movements that derived from this movement not only greatly effected the people who lived during the time period of the Renaissance, but much of what occurred during this time period still resonates and influences cultures, ideologies and philosophical beliefs to this very day. As such, it becomes critical to examine the European Renaissance so as to understand what it achieved and how it still resonates to the modern era. A significant reason for this is that most arts and sciences build upon one each another in a logical progression. The attitudes of freedom in art, for example, slowly evolved into the more mature themes in art and film that were previously held back due to religious and government censorship. Current advances in science such as stem cell research are not much different than the arguments for and against spontaneous generation in prior centuries. As such, there is still much that exists today that is a logical extension of what was started many years ago. There were several areas of social change that derived from the Renaissance and the most important of these areas included art (painting, sculpture, architecture all evolved into phases that were far removed from what had been considered â€Å"classical† art), humanism (a theory of instilling knowledge that was a radical departure from traditional modes of education), religion (it was during this era that the concept of secularism as a response to classical religion began to take shape) and the philosophical notion of self awareness (this essentially refers to those living during the time period acknowledging the changes that were occurring). These changes were not mere changes within the realm of the elites, however. The changes that occurred in all these phases greatly affect the infrastructure of the western world as a whole and it did so by changing the fabric of the society and this would resonate with the population as a whole with the end result of civilization as a whole radically changing from a classical society that had become stagnant and overly reliant on tradition for its very existence. To a great degree, the scientific community was strongly affected but the knowledge that was derived from the renaissance period. While primitive compared to today’s standards, the concepts and ideas regarding astronomy have greatly impacted the way the modern world operates. For example, the common telescope was invented during the period of the Renaissance and from the telescope the study of the stars and the planets derived. This, of course, has manifested into what is now the modern space age of satellites and explorations to the moon. While this may seem like a â€Å"jump† if one does not look at the complete timeline or progression of such achievements, however, if one were to look at the advent of a number of modern achievements, the achievments can be traced back to the era of the renaissance. Of course no mention of the development of astronomy during the period of the Renaissance without mentioning the great advancements provided by Galileo; of course, Galileo was the inventor of the telescope as well as the man who developed the theory that the sun was the center of the universe and this, of course, forever sent science on the path of accuracy that is of paramount importance to subscribe to for scientific theories to remain accurate and relevant in the modern era. In terms of the modern era, it would be doubtful that the great expansion of the space age would exist without the foundations that were devised by Galileo. Considering the fact that the primary principles founded by Galileo have not been discarded or altered, it would be safe to say that their accuracy is irrefutable and, as such, still permeate in the sciences today. The American and European political institutions of the modern are also heavily reliant upon theories and ideologies of political thought that derive from the Renaissance period. In particular, the module of â€Å"classical liberalism† still manages to affect political thought in the modern western world today. (Please note: there are significant differences between classical liberalism and the modern version, although there are certain similarities between the two) For example, consider the classic renaissance thinker Voltaire and his famous statement â€Å"I may disapprove of what you say, but I will defend to the death your right to say it. This is clearly a contributing influence on the notion of freedom of speech to this day. In fact, in can be seen in the Constitution of the United States, a document which often used the common wisdom of the Renaissance and the Enlightenment as a guiding principle in the modern political theory of the United States. There are a number of examples of how events from the Renaissance shape modern cultural, social and political life and this can be seen in the following four examples: Skepticism: the notion of self awareness led greatly to the concept of questioning traditional norms and beliefs. From this, a number of examples can be put forth but one of the most prevalent in the news these days is the modern atheism movement, much of which derives its origins from the thought process of the Renaissance period. (Skepticism can be seen today in much of the modern political discourse that forces both parties to the center) Secularism: some confuse the notion of secularism with atheism and this is an inaccurate assessment. In reality, secularism simply means that religious law does not provide the basis for the supreme law of the land. In a secular society such as Europe and to varying extents, the United States, the law derives from secular origins and not from religious rule. Modern Art: While some would say that the Pop Art as devised by Andy Warhol is far removed from the Renaissance, the reality is that it, along with many different forms of modern art, derives from the changing concepts of art that originated in the Renaissance period. During the Renaissance, there was a significant shift away from art that centered on traditional images of â€Å"gods and kings† and this deviation from the classical module still exists to this day. Psychology: The field of psychology is also based in the concept of self-awareness that originated during the Renaissance period. Much of what exists in modern psychology centers on understanding oneself, the world and one’s surroundings and this was a notion that was born of the renaissance that still exists to this very day. The notion of looking inward, for example, as opposed to gods and mystics for enlightenment is the hallmark of modern psychology and looking inward as opposed to external structures is what is commonplace today in modern American pop culture and psychology and its origins are found in the Renaissance. To that extent, much of what exists in the United States today and well as the Western World in general is an extension of the success of the models of thought of the Renaissance. The perpetual extension of these modules of thought speak volumes for their accuracy.

The Function Of Genre In Film

The Function Of Genre In Film Film genres are various forms or identifiable types, categories, classifications or groups of films that are recurring and have similar, familiar or instantly-recognizable patterns, syntax, filmic techniques or conventions that include one or more of the following: settings (and props), content and subject matter, themes, mood, period, plot, central narrative events, motifs, styles, structures, situations, recurring icons (e.g., six-guns and ten-gallon hats in Westerns), stock characters (or characterizations), and stars. Many films are considered hybrids they straddle several film genres. This is one of the many definitions for a film genre but the word genre itself is the French word meaning type or kind. So it can be said the genre of a film is basically what type of category a movie falls into e.g. Western, comedy, action, thriller, horror musical to name a few. However the are other subgenres (chickflicks), minor-subgenres (Blockbusters) certain movies can fall under more than one genre e.g. action-thriller.As a result some film experts will create new genres or subgenres to describe these combination films, such as action comedies or dramedies. In general, however, most films made in a specific genre, such as film noir or crime drama, follow the established structure and plot lines of that genre. Genres help prospective audiences choose movies and help indicate for whom a certain film was made and what they should expect to see i.e. in a western movie the viewer should expect to see cowboys on horseback. This categorisation also enables movie producers to target what type of audience they are selling the film too, e.g. horror movies will be aimed at thrill seeking youth audiences. By promoting films by their genre it helps the film industry from an economic standpoint since certain genres are known to generate larger box office profit than others .Film genre helps the cinematic industry as a whole by helping the audience choose which film they want to s ee. In addition, it also allows actors to show their talents and achieve popularity through a particular genre of film. In my essay I will discuss By the end of the silent era, many of the main genres were established: the melodrama, the western, the horror film, comedies, and action-adventure films (from swashbucklers to war movies). As many films started to use the same techniques and had similar plots, settings the categorization of Films into certain genres .Musicals were inaugurated with the era of the Talkies, and the genre of science-fiction films wasnt generally popularized until the 1950s. In the 1960s cinema was beginning to be recognized as a legitimate art form .Due to increased popularity in film .As a result of increased attention film guidelines were developed to attempt to understand the significance of film. From this environment emerged (in conjunction with the literary movement) an authorization of critical studies called genre studies.Each genre had its own elements that make it stand out from others such as story line, setting, characterization, style, star actors, and creative devices such as stunts or act ion sequences They were placed into specific genres based on these elements .There are various aspects to what makes a film fit into a genre an example of this is Westerns usually have certain codes: for example, a hero wears, while the villain wears a black hat; when more than one cowboy faces the other with no one in between them, there will be a shoot out, desert landscape.etc All Western films can be read as a series of codes and the variations on those codes. There are many benefits of Categorizing films by genre makes a movie easier to promote to its target audience .As most people have a particular preference for certain genres this makes it easier for them to distinguish what kind of films they would enjoy .By knowing the genre of a movie it gives the viewer a greater chance of what to expect and whilst watching the movie they unconsciously remembers similar plot lines from past films this give them greater appreciation of the plot and ending. Genres benefit actors because some actors may have had successful films within a particular genre and achieved popularity that way. By promoting films by their genre it helps the film industry determine the popularity of the movie and how much money it will make at the box office .Film genres are comparable to musical genres or literary genres in many ways. A filmmaker often understands what elements are expected in a specific film genre and steer the film towards that end. Some actors/actresses are generally associated with a specific type of film genre, as well as scriptwriters and directors. An example of this is the late director John Ford, who worked almost entirely in the Western film genre. Actor Hugh Grant is perhaps best known for his work in the romantic comedy genre .These actors usually stick to specific genres as they are suited best to them and are successful as a result .This is also true of movie producers .when promoting a film by its genre it helps the film industry from a money making viewpoint as since certain genres are known to generate larger box office intakes than others .The period of time is also relevant i.e. what genres are popular at that time an modern day example is the Fantasy/romance Movie Twilight saga a group of about a teenage girl who falls in love with a vampire .The success of the Movie has encouraged other movies of similar storylines about vampires like television programmes and movies(True Blood, Vampire diaries) .Finally, film gen re is useful in helping the director of the movie. Film genre makes good directors better. Film genre enables directors to use symbols and settings from past movies within the same genre to appeal to human emotions. Genre restricts the director into following the storyline accurately and prevent the use of themes that might be completely opposite from the original idea of the film and as a result lose the intended audience. The Director must still keep within the specified genres guidelines within reason. In conclusion, film genre plays a crucial role in the cinematic industry. It helps the scriptwriter to better focus his thoughts and words, the director to shape the flow and feel of the film in a way that will make the audience comfortable and it helps the movie going public to make choices that suit their personal taste

India: the 2015 Budget and the Stock Market

India: the 2015 Budget and the Stock Market Introduction The Union Budget 2015-16 was presented by Finance Minister Arun Jaitley on 28th February and was a highly anticipated event for all sections of the Indian society. It was the first budget of the newly formed Government under the leadership of Prime Minister Narendra Modi. The government was formed with full support from the people of India, who considered P.M. Narendra Modi to be a change agent with the widely publicized campaign â€Å"Ache Din Aane Waale hainâ€Å". The BJP led campaign received widespread support not only from the masses but also from the corporate and stock market watchers. The stock market was not performing well since the last few years due to loss of investor sentiments, low return on investments and badly performing shares across sectors. On the day of the election result announcement, the stock market shot up to higher levels. This created widespread cheer among the investors and the corporate. They surely wished that better days are coming ahead. Hence the Budget was highly awaited by the business houses and the stock market players with a positive outlook, against the economic backdrop of a still-nascent recovery in the economy. The stock market response to the budget is often viewed as an important summary statistic of the â€Å"quality† of the budget in terms of improving the macroeconomic prospects of the country. Expectation of Stock Markets Fuelled by hopes and expectations, the stock market opened higher on the Budget morning. The experts were predicting a volatile market and it sure did not disappoint. Just like any other day, trading started at 9:15ISTand concluded at 15:30 IST. Analysts were ready to scrutinize measures in the Budget for financing infrastructure projects as well as the governments own capital expenditure on infrastructure for the year ahead. This was the first full fledged Budget of the  Narendra Modi  government and analysts looked for a roadmap for economic growth for the next few years. Before the Budget Day Indian stocks surged on 27 February 2015 after the Economic Survey 2014-15 tabled in parliament by Finance Minister Arun Jaitley stated that the government remains committed to fiscal consolidation and said that there is a scope for Big Bang economic reforms. Foreign portfolio investors (FPIs) bought shares worth a net Rs 1957.10 crore on 27 February, as per provisional data. Domestic institutional investors (DIIs) sold shares worth a net Rs 491.93 crore on 27 February, as per provisional data. On the Budget Day The benchmark index, Bombay Stock Exchange (BSE) Sensex, opened at 29,411.33 points. The Sensex, which was trading with a gain of over 200 points before Finance Minister Arun Jaitley began his much-awaited Budget speech, swung between positive and negative terrain as he announced different measures. However, as the budget speech got under way, volatility set in and at 11:59am, markets slipped into the red. After some seesawing through the day, the markets closed with gains, with the equity benchmark Sensex adding 141.38 points or 0.48%., and closed at 29,361.50 points. It raised 141.38 points higher on promise of lower corporate tax rates logging the first rise on a Budget day in four years. In the previous three sessions on Budget 2014, 2013 and 2012, the Sensex had ended lower. However, the difference between the days high and low was 678.3 points. The best performing sector of the day was BSE Bankex, which gained 3.27%, followed by BSE Healthcare at 2.03%. Meanwhile, the worst performing sector was BSE FMCG which fell 4.09%, followed by BSE Consumer Durables, which fell 2.05%. The broader National Stock Exchange (NSE) index Nifty also moved up by 57.25 points to end the week at 8,901.85, after hovering between 8,751.35 and 8941.10. To better understand the effect of the Budget on the Stock Market and across the various sectors and companies listed in the Sensex, it is better to understand the major points mentioned in the budget which led to such widespread reactions. Budget Highlights Finance Minister Arun Jaitley announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Mentioning below some of the major highlights from the Budget Fiscal deficit seen at 3.9 percent of GDP in 2015/16. Will meet the challenging fiscal target of 4.1 percent of GDP. GDP growth seen at between 8 percent and 8.5 percent. Expects consumer inflation to remain close to 5 percent by March, opening room for more monetary policy easing. Market Reforms Propose to merge commodities regulator with SEBI To bring a new bankruptcy code They plan to amend the RBI act this year, and provide for a monetary policy committee To set up public debt management agency Proposes to introduce a public contract resolution of disputes bill. To establish an autonomous bank board bureau to improve management of public sector banks. Inflation Monetary policy framework agreement with the RBI clearly states objective of keeping inflation below 6 percent GENERAL ANTI-AVOIDANCE RULES (GAAR) Government defers rollout of anti-tax avoidance rules GAAR by two years. It is ananti-tax avoidanceregulation ofIndia. GAAR to apply prospectively from April 1, 2017.Retrospective tax provisions will be avoided. It was considered controversial because it had provisions to seek taxes from past overseas deals involving local assets retrospectively. Taxation Major highlights were: To abolish wealth tax Replaces wealth tax with additional 2 pct surcharge on super rich Proposed to cut to 25 percent corporate tax over next four years as they consider that corporate tax of 30 percent is uncompetitive FM proposed modification of permanent establishment norms so that the mere presence of a fund manager in India would not constitute a permanent establishment of the offshore fund, resulting in adverse tax consequences. Extends withholding tax concession on foreign debt purchases by two years Expects to implement goods and services tax by April 2016 To reduce custom duty on 22 items Infrastructure Investment in infrastructure will go up by 700 billion rupees in 2015-16 over last year. It plans to set up national investment infrastructure fund. It also proposes tax-free infrastructure bonds for projects in roads, rail and irrigation project. Investments It proposed to do away with different types of foreign investment caps and replace them with composite caps to allow foreign investment in alternative investment funds Stock Market Reactions Positive Reactions the Companies/Sectors Benefitted The Union Budget 2015-16 presented by Arun Jaitley on Saturday is widely considered a good Budget. It announced many measures that cheered the common man and even industry bodies. India Inc was happy with the budget with most calling it a pro-reform and a positive budget. The lower corporate tax tied with fewer exemptions was accepted to simplify the tax structure and promote investment. Sentiments were lifted after FM announced a cut in corporate tax by 5 per cent to 25 per cent over four years starting April 2016. The government’s focus on investment in the infrastructure sector was also viewed positively by the market In order to boost infrastructure spending, the finance minister proposed to reintroduce tax-free bonds. These are secured, redeemable, non-convertible debentures issued by government entities to mobilize funds needed for infrastructure development. This should help attract savings looking for stable long-term risk-free return. Among other measures, foreign investors have been allowed to invest in alternate investment funds. Besides, the proposal to defer applicability of General Anti-Avoidance Act (GAAR) by two years, April 1, 2017, also boosted buying. Among the 30 Sensex scrips, Axis Bank topped the gainers by surging 8.1 per cent. Governments initiative to bring in a Comprehensive Bankruptcy code for the ease of doing business by 2015-16 is a big welcome step from the banking sector perspective. Stocks in banking, healthcare, auto, oil and gas and IT rose. Major Sensex gainers were Tata Motors, ICICI Bank, Dr Reddy, Hindustan Unilever, Cipla, GAIL, Tata Steel, HDFC Bank, Infosys, RIL and MM. They gained between 1-3 per cent. Meanwhile, foreigners bought shares worth a net Rs 1,957.10 crore on the day. Says KPMG India CEO Richard Rekhy: â€Å"The Finance Minister has come out with a pragmatic Budget which is directionally focused at achieving growth and keeping the fiscal prudence in mind. The focus is on ease of doing business in India and increased infrastructure spend. Measures like New Bankruptcy legislation, startup entrepreneur’s funds, GST rollout by FY 2016, deferral of GAAR will definitely support the cause of ease of doing business in India.† Negative Reactions the Sectors/Companies Impacted Media companies:Companies in the media space like PVR, Eros, Dish TV and Hathaway could be affected by the change in service tax rules. Now, the entertainment sector would be brought under the service tax net. Metal and mining stocks: The Budget announced two measures that could directly impact metals and mining companies like Hindalco, Sesa Sterlite and Kalyani – the increase in clean energy cess on coal to Rs 200/tonne from Rs 100/tonne, and the hike in basic custom duty on metallurgical coke to 5% from 2.5% earlier. PSU banks: The public-sector banks like PNB, Bank of India, Syndicate Bank and Dena Bank are heavily dependent on government finances.The Budget announced that the government will infuse Rs 7940 crore in PSU banks in the next fiscal. The Budget indicated the setup of a Holding Company for PSU banks, which would give them more freedom and control. It also indicated that PSU banks could issue more stocks in the market. This will help them raise money by themselves, thus lowering their dependency on government capital. ITC, Cigarettes Industries: The government usually reduces taxes for essential goods and increases tax burden on goods which are not essential and/or harmful. One such product which sees high taxation is cigarettes. The Budget further increased tax burden by hiking excise duty in certain cigarette products by 25% and 15%. This would make the cigarettes costlier from April 2015. Any rise in price negatively impacts demand and thus corporate profits. Shares of cigarette major ITC fell 8 per cent following the Budget proposal to increase excise duty on cigarettes. The government came down heavily on smokers and tobacco consumers in Budget 2015-16 with a steep increase in excise duty.Citing need for promotion of public health, Finance Minister Arun Jaitley on Saturday said: Excise duty on cigarettes is being increased by 25 percent for cigarettes of length not exceeding 65 mm and by 15 percent for cigarettes of other lengths. Similar increases are proposed on cigars, cheroots and cigarillos. Plastic Industries : The government wants to deter plastic consumption to reduce its harmful effects on the environment. For this reason, the Budget increased excise duty from 12% to 18% on plastic products (polymers). This would make plastic products costly. Conclusion Budget 2015 operates on some clear themes, and Government explains not just the challenges it faces but also the key ideas it is banking on. Declining agricultural income, the need for increasing investment in infrastructure, the need to remain on the fiscal consolidation path, a perceptible decline in manufacturing and the impact of the greater devolution of taxes to states have been highlighted in this Budget as the major challenges. This Budget was expected to be a ‘Big Bang’ Budget. It was expected to announce a slew of reforms to get India back on the growth path. While the Budget did announce small-scale reforms for the industries, it did not mention any big reforms. As a result, market benchmarks Nifty, Sensex slipped back into the red after the Budget speech. They were earlier up 1% because of the deferral of GAAR and a cut in corporate tax by 5%. Overall, Budget 2015 shows the Governments commitment towards increasing competitiveness of the Indian economy while managing the expectation of domestic corporate and the common man too. The real test lies in how efficiently the new government would be able to execute the ambitious proposals brought forth in Budget 2015 and how it helps in the bull run of the Stock Markets. References The Hindu : Union Budget Live http://www.thehindu.com/business/budget/live-union-budget-2015/article6944394.ece Business Today : Stock Market Sensex on 28th February http://businesstoday.intoday.in/story/stock-market-bse-sensex-nse-nifty-union-budget-2015-16/1/216277.html