Underpaid Teachers in Ohio Essay Example For Students

Underpaid Teachers in Ohio Essay Underpaid Teachers in Ohio Essay High school teachers average salary varies across the world. The United States is said to be one of the richest countries in the world, yet our teachers are being paid one of the lowest amounts. The Education Intelligence Agency, author of the article Ohio Teacher Overcomes Unions Tolerance published an International Teacher Salary Report ranking the fifty states by how much the average salary exceeded per capita personal income. According to the Education Intelligence Agency Ohios percentage rate is only fifty- five point one percent. According to the Education Intelligence Agency the lowest state percentage is in South Dakota at twenty- three point six percent and the highest state percentage is Alaska at one hundred and one point five percent. We will write a custom essay on Underpaid Teachers in Ohio specifically for you for only $16.38 $13.9/page Order now Teachers are a very important part of our society. Teachers jobs consist of more than just sitting behind a desk for nine months and having paid summers off. There are many extra tasks that teachers have that most people don not consider. Teachers in public schools work hard for a low salary and should be more appreciated; public school teachers shape the worlds young people, serve as role models, and work long hours. Ruth E. Sternberg is the reporter for the Columbus Ohio Dispatch Schools and has completed a survey on the issue of Ohios teachers salaries. According to Sternberg, the public high schools that have high salaries do not have enough money for new technologies. This is a disadvantage for the students. The students do not have the advantage of computers, digital cameras, and other new technologies that make learning more fun. The students who do not have these technologies may lose interest in learning. Sternberg also points out that higher salaries also causes businesses to decide not to open their stores in that district because of the higher taxes. The stores do not want to pay out more money than what they have to, even if it is for a good cause. I can understand the concern of the business owners, but they should think about where the money goes and how much it would benefit the public schools in that area. Sternberg discusses the loss of teachers that would be forced on the district if they raised the average teacher salary. This would mean that the class sizes would be larger and the teacher to student ratio would also rise. This would be a disadvantage for the students and the teachers. The teachers would have to work harder to give each student the one on one time that they need and the students would have to wait longer for help. This would waist valuable class time for the students who were waiting for help. All good things must have some bad side effects. There is not enough money in the school systems to have the best of both worlds. Our teachers shape our worlds young people into adults. They can teach students more than what the parents can because they have more time to spend with the students. Many parents work full time and do not have the time to teach their children how to be good adults. There are also some parents who do not know how to be good adults and can not teach their children how to be good adults. I have seen many teachers at my school that would do anything to help a troubled student. Teachers can give the students their undivided attention. The students have to share one teacher, but the teachers usually try to make time for the students on a one on one basis. All of my high school teachers meant a lot to me. I learned more than reading, writing, history, and mathematics from my teachers. There were many hard times in my life that I would have had a rough time getting through if my teachers would not have been there for me. .u6e4a2f0fac4c3f5647bc951b2a252c77 , .u6e4a2f0fac4c3f5647bc951b2a252c77 .postImageUrl , .u6e4a2f0fac4c3f5647bc951b2a252c77 .centered-text-area { min-height: 80px; position: relative; } .u6e4a2f0fac4c3f5647bc951b2a252c77 , .u6e4a2f0fac4c3f5647bc951b2a252c77:hover , .u6e4a2f0fac4c3f5647bc951b2a252c77:visited , .u6e4a2f0fac4c3f5647bc951b2a252c77:active { border:0!important; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .clearfix:after { content: ""; display: table; clear: both; } .u6e4a2f0fac4c3f5647bc951b2a252c77 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6e4a2f0fac4c3f5647bc951b2a252c77:active , .u6e4a2f0fac4c3f5647bc951b2a252c77:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .centered-text-area { width: 100%; position: relative ; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6e4a2f0fac4c3f5647bc951b2a252c77:hover .ctaButton { background-color: #34495E!important; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6e4a2f0fac4c3f5647bc951b2a252c77 .u6e4a2f0fac4c3f5647bc951b2a252c77-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6e4a2f0fac4c3f5647bc951b2a252c77:after { content: ""; display: block; clear: both; } READ: A Child Called It Essay My teachers were more than just educators, they are also my friends. My parents think that teachers should be just educators and not friends. They believe that your peers should be your friends. My parents think that teachers should not talk about their personal lives with students and they should not ask students .

Evaluation Essay Sample on Techy Issues of Demand in Economics

Evaluation Essay Sample on Techy Issues of Demand in Economics The theory of economics is based on the result of human actions in the market system. The main features of economics principles are deeply rooted in its formality and that is constrained by the number of assumptions or economic thinking which forces the business world to see and interpret the economy of any organization in a certain way. The relationship between the product price and its demand is what is called the demand curve. As the price gets on the higher side, the demand of a particular product will be decreased. In other word, demand refers to how much quantity of a particular product is needed by the people and that demanded quantity of the product will specify the price of that specific product people willing to buy. The quantity demanded will represent how much the market can offer, so the price fluctuates with the demand of the particular product. The most difficult implication in implementing the law of demand is to understand the maximization of equilibrium between demand and supply. The equilibrium can be defined as a situation where no one is willing to change his behavior. And if the price is set too high then there will be minimum buyers but excess supply. And because most of the movie theatre over head expenses are dependent on how many people show up. So much increased price will cause adverse effects because the most important factor of elasticity of demand is how much the demanded quantity will be affected by the price change. For example, 2 % increase in the theatre tickets will result in a 1 percent decrease in the quantity demanded.

Assignment6 Article Example | Topics and Well Written Essays - 250 words

Assignment6 - Article Example Further, user charges offers invaluable data on which services should be supplied, in what quality and quantity, and to whom. In turn, the application of user charges is to promote and enhance economic efficiency. The problem with the user charges is that in some cases, it is difficult to determine the specific and proper design and domain of user charges. Further, the prices set of certain services may not be charged on a competitive market. My State prepares tax expenditure to show the residents revenue loss because of issuance of tax preferences and concessions to certain activity and particular class of taxpayers. Further, it prepares the tax expenditure to show its spending and spending via the tax system. Yes, it prepares fiscal impact statement to predict how the authorization of a ballot measure would affect the finances of the state. When preparing revenue forecasts, it significant for the local government financial accountants to begin with expenses not revenues since in this manner, it much easier to predict expenses than expenses. In addition, it significant to predict revenues utilizing both an aggressive and conservative case because aggressive state keeps one motivated while conservative state brings reality on the ground. It is also good to monitor key ratios to ensure that the projections are logically and

1) Do standardized tests measure your ability Essay

1) Do standardized tests measure your ability - Essay Example Standardized tests are common in USA and many other countries around the world. Standardized tests are administered to students mainly at mid-term and also at the end of the term. Despite the widespread usage of standardized tests, however, the question of the efficacy of the standardized tests in measuring the students’ ability is a highly controversial issue. A critical look at this debate shows that the use of standardized tests to measure students’ ability is not effective. This paper gives an argument to show that the standardized tests do not accurately measure students’ ability. To begin with, one of the reasons why the standardized tests do not accurately measure the students’ ability is that most of the time, the questions used in the standardized tests covers only a small portion of the syllabus. In other words, it is not possible for the questions used in the standardized tests to cover everything leant in the syllabus (Garrison, 2009). For this reason, it is possible for the questions used in the standardized tests to cover only the aspects of the syllabus that some students have not understood well or are not good at. For that reason, some students fail in standardized tests not because they are not intelligent, but because the aspect of the syllabus covered by the questions is the aspect that they have not grasped well or they are not good at. This fact shows that the use of standardized test to measure the students’ ability is not an effective way of testing the students’ ability. Secondly, the standardized tests do not take cognisance of the fact that some students may be poor in written exams but very good at oral exams (Popham, 1999). There are, of course, many bright students who fail their written exams, not because they are not intelligent, but simply because they are not good at written exams.

Tata Motors Acquisition of Dawoo Commercial Vehicles Essay

Tata Motors Acquisition of Dawoo Commercial Vehicles - Essay Example The company is still chasing the opportunities to expand its business further to other location across the globe. Daewoo Motors Similar to Tata group, this group also started off in 1967 with a textile business by Kim Woo Choong (Koontz & Weihrich, 2006, p.206). In the 70’d and 80’s, the group has experienced a considerable growth with its diversification into several business. Later on in the early period of 1990s, the Group has expanded overseas and emerged as the largest conglomerate across the globe with around 24 companies under its shield. Back in the year 1978, the group has entered into the automobile industry by the acquisition of 50 % stake in the Sachan motor company while the rest was owned by another automobile giant, General Motors. The venture was later renamed as Daewoo Motor Company. In 1992, the Daewoo group acquired remaining 50 % of the stake with the withdrawal of partnership by GM. Later on after the bankruptcy of Daewoo, GM and some other companie s have shown their interest to acquire its assets. Daewoo Commercial Vehicle, previously a vertical of Daewoo, did not come under the bid and established itself as a separate company in the year 2002. Strategic and Economic Aspects behind the Acquisition Tata Motors had been one of the oldest players in the automobile industry of India. After expanding its dominance all over the economy, the company aimed at expanding its business all over the globe which made it adopt tie-up strategies with automobile companies in some of the major emerging markets of the world. The automobile industry is generally characterised by a large number of units and the commercial vehicles vertical in it occupies a small fragment of the entire industry. Globally, the commercial vehicles arena is dominated by... As the paper stresses Tata Motors is the leading automobile manufacturer in India and is among the leading commercial vehicle companies across the globe with revenue of $20 million in the last financial year. The company has also emerged as the one among the top four truck manufacturers as well as top two bus manufacturer across the globe. Established back in the year 1945, the company now employs more than 24000 employees with a vision to be the best in its operation and to be in compliance to its value systems and ethics. Tata Motors has also got the pride to be the first in the Indian engineering sector to be listed on the New York Stock Exchange; that happened back in September, 2004. This essay declares that Tata Motors had been one of the oldest players in the automobile industry of India. After expanding its dominance all over the economy, the company aimed at expanding its business all over the globe which made it adopt tie-up strategies with automobile companies in some of the major emerging markets of the world. The automobile industry is generally characterised by a large number of units and the commercial vehicles vertical in it occupies a small fragment of the entire industry. Globally, the commercial vehicles arena is dominated by players like Volvo, Scania, DaimlerChrysler and a few other giants who occupy nearly 60 percent of the total market share. In order to distinguish its might amidst them, the Tata Group needs to have considerable strategic as well as economic edge.

National Rifle Association Nra Politics Essay

National Rifle Association Nra Politics Essay The National Rifle Association of America is an American non-profit association that was established in the year 1871 by Union veterans of the American Civil War. The group is known for promoting private ownerships of firearms, as well as providing proper law enforcement training, as well as encouraging the safety of firearms, highlighting the importance of marksmanship, hunting activities and self-defence training in the United States. The National Rifle Association is also the parent associations of affiliated groups such as the tax-deductible NRA Foundation, a charitable organization, in addition to a lobbying group, the Institute for Legislative Action (ILA). The NRA is one of the United States largest certifying bodies for firearm safety training and proficiency schooling courses for law enforcement departments, leisure hunting, and adolescent firearm safety. The organization has published several magazines and sponsored plenty of marksmanship events that features shooting skills and sports. Due to their charitable contributions through the manner of being premier firearms education organization in the world, the Internal Revenue Service (IRS) a revenue service responsible for collecting taxes and the elucidation and enforcement of the Internal Revenue Code has designated the NRA as a 501(c)(3) organization. This allows the NRA organization to be exempted from federal taxes as well to ensure that the financial support for firearms-related activities would be available now and for future generations. Goals, aims and objectives The primary goal of the association when it was first created would be to promote and encourage rifle shooting on a scientific basis. That statement was in accordance to a magazine editorial written by one of the founders. But as time goes on, with multiple incidents throughout the United States that involve massive casualties in regards to misuse of firearms, from the Virginia Tech to the latest Sandy Hook disaster, the NRA had to take a stronger stand against the new firearms bills in addition to the repeated attacks towards the Second Amendment and their new goals, aims and objectives had to reflect that. After all the NRAs political movement has always been based on the initiative that the firearm ownership is considered to be a civil right that is protected by the Second Amendment of the Bill of Rights. Therefore the NRA is making it, its mission to maintain the Second Amendment rights and advocate enforcement of existing laws against violent offenders to reduce crime. At the sa me time, the Association still aims to be the nations leader in firearm education and training for law-abiding gun owners, law enforcement and the armed services alongside promoting the shooting sports as a whole by focusing on these objectives; Firearms Training and Owner Education Even though the NRA is profoundly mixed up in political lobbying, the organization is still staying strong on their roots by offering a variety of security programs to promote the responsible use of firearms. The group offers hunting protection instructive courses for adults and children; it reaches towards the youth through its Eddie Eagle program. The NRA also makes an attempt to coach firearm owners on the secure storage of firearms through an assortment of publications at their disposal. Confiscation of Firearms in Disaster Situations Following the tragedy of Hurricane Katrina in the year 2005, the state of New Orleans law enforcement police officers were instructed to de-arm citizens before allowing them into evacuation centres. The NRA and the Second Amendment Foundation filed for a temporary restraining order on Sept. 23, 2005 and the order was granted by the U.S. Further gun confiscations was barred, as well as the demand for the return of previously confiscated guns to their lawful owners. In June of the same year, the NRA came out in support of Act 275 which was signed by Louisiana Governor Kathleen Blanco. The act forbids the confiscation of firearms from lawful citizens in declared states of emergency. International arms control La Pierre perceives that the United Nations debate of an Arms Control Treaty as an attack on national independence and towards the Second Amendment. He argues that their debate about human rights does not fall under the Second Amendment which is the right to defend oneself. U.S. Secretary of State Hillary Clinton has stated, in 2009, that the United States has in place an extensive and rigorous system of controls for arms transfers, without calling for additional restrictions. La Pierre, however, argues that Clinton did not bother to mention the Second Amendment or the U.S. sovereignty in her speech and that her silence on those seminal elements of the freedom, stands in stark gap to the impudent defence of the liberty of America as a country. Proposition H in San Francisco The majority of supporters in San Francisco approved of Proposition H in November 2005, which, the outcome, would prohibit the sale, assemble and circulation of firearms and ammunitions inside the city limits, and it will be effective as of 1st January, 2006. Within a day after the election, the NRA, alongside other gun advocacy groups, filed a lawsuit towards the ban. The law, according to the NRA, is impeding towards a matter that for all intents and purposes should be regulated by the state. San Francisco Superior Court Judge James Warren had sided with the NRA despite the city trying to appeal to the courts and failed. Political Victory Fund The NRA Political Victory Fund (NRA-PVF) plays the role of the NRA organizations political action group. The PVF would rank various political candidates, in spite of party attachment, based on their voting accounts, open statements and reactions towards a PVF questionnaire. These results are then entered into a record, which potential voters are able to search by using zip codes. Constitution As mentioned above the NRA considers the right to keep and bear arms to be a civil right that is protected by the Second Amendment of the United States Constitution. Consequently the National Rifle Association (NRA) is doing everything in its power to make sure no American citizen would forget what the Second Amendment stands for; The statement that was approved by the Congress: A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.-Congress The statement that was ratified by the States and authenticated by the Secretary of State, Thomas Jefferson: A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.-Thomas Jefferson In laymans terms, this amendment states that the American citizens have the right to own a gun. But the world is perceptibly poles apart than it was in the 18th century, and many politicians believe that firearm possession should be restricted and regulated especially with the increase of firearm violence putting more pressure on every side. The NRA however isnt pushing for complete freedom in regards to public ownership of guns, but they are concerned that some of these new gun legislation would infringe upon the citizens civil rights. Civil rights after all defines itself as a class of rights that protects an individuals freedom from unwarranted infringement by governments and private organizations, in addition to ensure ones ability to participate in the civil and political life of the state without discrimination or repression. Organizational structure and system of administration The National Rifle Association is overseen through a board of directors, usually reaching to be about 75 people. The board is in charge of picking the president, who will act as the organizations representative, from among their members. Among the groups most noteworthy leaders was actor and advocate Charlton Heston, who had stepped down in April 2003 after discovering that he had developed Alzheimers disease. The NRAs sixtieth and present president is Ron Schmeits, who has held the position of first vice president prior to replacing John C. Sigler in May 2009. Sandra Froman has held the post from 2005-2007. Marion P. Hammer, who is surprisingly the groups first female president, had served the organization from the year 1995 to 1998. Both Froman and Hammer currently still serve on the board of directors who are also charged with the task of appointing an executive vice president, which is currently held by Wayne La Pierre, Jr. La Pierre functions as the chief executive officer, whil e Chris W. Cox embraces the position of executive director of the NRA Institute for Legislative Action, along with Kayne Robinson who is the current executive director of NRA General Operations. The present NRA Headquarters can be found situated at 11250 Waples Mill Road, Fairfax , Virginia, United States. Historical development until present Founding The National Rifle Association was founded shortly at the very end of the American Civil War, but it was only several decades after Samuel Colt had opened the first private gun manufacturing facility in 1836. Samuel Colts company had allowed firearms to be fashioned on a hefty scale, leading to the majority use of firearms as sensible and leisure devices. Civil War General, Ambrose Burnside, who was also a U.S. Senator at the time and the former governor of Rhode Island, became the NRAs first president. Burnside was no stranger to firearms, due to both the Union and the Confederacy ramping up the mass production of weapons throughout the early 1860s. The Civil War is the apex that launched America into a new epoch in terms of arsenal, and the National Rifle Association has since stepped up to become a leader in said rising trade. Early Years Near the end of the 19th century, industrial units were producing weapons at reasonable prices, creating widespread individual ownership of weaponry. The NRA trained many of these new gun owners, frequently men who were in the army. The organization at this point in time, was not concerned with public policy; very little lobbying were done, and they were more concerned with developing gun safety classes for the masses. The groups first rifle range, situated on Long Island, was granted by the New York stage legislature. In 1903 Congress set up the National Board for the Promotion of Rifle Practice, now known as the Civilian Marksmanship Program, in which the NRA volunteered to help to run. Congress eventually gave additional artillery to NRA-sponsored rifle clubs, permitting the association to develop westward. Due to an overwhelming awareness in the NRAs shooting programs, the faction had to be expanded to a new facility that was created near a Lake Erie in Ohio. WWII Era In the year 1934 the NRA formed its Legislative Affairs Division with the intent to take upon the grounds of protecting the Second Amendment of the Constitution. The NRA at that point was not involved in lobbying, but the group did mail out legislative facts and summaries to their members, who are capable of taking subsequent action. The NRA offered its services to the government during World War II; the organization even encouraged its members to serve as guard members during the war. The association went on to develop training materials for industrial security, and helped to gather more than 7,000 firearms for Britains defence against a possible invasion from Germany. Post WWII The mood of the association transformed after the second world war, as the NRA began to accommodate the more leisure sportsman. The NRA came out in support of the Gun Control Act of 1968, which forbade the exchange of artillery. In 1980 the group sanctioned a presidential contender, Ronald Reagan, for the first time. To further its defence of gun rights, the NRA ultimately fashioned the Institute for Legislative Action, or ILA, in 1975. In 1997 the NRA began publication of The American Guardian to appeal to a more conventional audience and focus less on the technical feature of firearms; the publication was renamed to Americas 1st Freedom in the year 2000. NRAs present shooting range, Camp Perry, is now currently the dwelling of the yearly National Matches, an NRA marksmanship competition that sees more than 6,000 people competing against each other every year. Achievements and failures In addition to helping to overturn Proposition H in San Francisco and supporting Act 275 in Louisiana the NRA can boast a number of political and legislative victories. The NRAs Political Victory Fund endorsed several candidates in races in Virginia in November of 2009-Bob McDonnell for governor, Ken Cuccinello for attorney general and Bill Bolling for lieutenant governor. All three candidates won their relevant races, as well as 58 out of the 59 nominees in the Virginia House of Delegates who were endorsed by the PVF. In nationwide congressional races in 2008, 230 of the 271 candidates (85%) endorsed by the PVF were triumphant. In addition, the PVF attained an 84% achievement rate in thousands of state legislative races the same year. Despite these amazing numbers of political and legislative victories, the NRA still faces a huge amount of failures on their part. For years the NRA has had a net positive ranking with the community. No longer. A recent poll from Public Policy Polling found that in the period following the Sandy Hook massacre, support for the firearm advocacy association cut down from 48 percent to 42 percent, at the same time as negative views amplified from 41 percent to 45 percent. With the recent rise of terror and violence that centres around firearms being easily accessible to purchase to anyone with the means to do so, the NRA has failed to convince the public that it is alright to indulge in purchases that not only is a given right to the people by the people, in regards to bearing in arms under the code of personal safety but also that by letting the government control the rights in weapon purchasing ownership, will equal to the masses being submitted to a tyrannical ruling. Many have pointe d out that the organizations actions may perhaps have a secondary agenda which involves the 12 billion dollar gun industry; their alliance has allowed firearm makers and firearm distributors broad, and unparalleled, protection from a wave of legal responsibility lawsuits related to gun violence in Americas cities. Is the nations most powerful gun lobby are mostly looking out for its foundation constituency, the approximate 80 million Americans who owns a gun? Or is the group acting on behalf of those that make and sell those guns? According to a 2012 poll conducted by GOP pollster Frank Luntz for Mayors Against Illegal Guns, 74 percent of NRA members actually support the mandatory background checks for all gun purchases, a position that the NRA has stridently opposed. Theres a big difference between the NRAs rank and file and the NRAs Washington lobbyists, who live and breathe for a different purpose, Mark Glaze, the executive director of the gun control group, said. In short NRA has failed to live up to the pedestal that they have initially carved, their recent statements has shown contradictions in their objectives such as promoting firearm safety; events like the Sandy Hook carnage made it apparent that there is no association between the NRAs defence of semi-automatic weapons that can fire off dozens of rounds in a few seconds which was the weapon of choice by the Sandy Hook killer, and the artillery that the daily gun owners require for hunting or for their personal safety. A nations safety is jeopardize when its civilians is allowed to own high-capacity guns and magazines designed and manufactured for mass-killings of humans without any background security check done towards them. Future development On January 16, 2013, in response to the Sandy Hook Elementary School shooting and other overwhelming national tragedies, President Obama had announced a preparation for improving the control of firearms in the United States, along with providing better admission to mental health services. The plan had included proposals for new laws meant to be passed by Congress, as well as a sequence of executive actions that does not require Congressional endorsement. The goal of the proposed actions was to discover a way to make it a little bit more complicated for individuals who have no legal right to have a gun for them to obtain it. While the senate may have voted down the first part which is background checks on firearm buyers, the recent surge of anger and public frustration has proven that more and more people are raising up to be against gun crimes and unlawful ownerships. This could lead to more trouble for the NRAs current standings and their future developments which is to continue opposing for the most part the new gun-control legislation. The NRA instead calls as an alternative, for stricter enforcement of active laws such as segregation of convicted felons and violent criminals from possessing firearms and the improved sentencing for gun-related crimes. The NRA also would also still be continuing to advocate for the practice of concealed carry and takes stronger standings on non-firearm hunting issues, such as supporting wildlife management programs that would allow hunting. This is also in addition to opposing restrictions on devices like crossbows and leg hold traps. As part of their response to the Sandy Hook Elementary School shooting incident, the NRA has reached out towards the United States Congress to fund suitable funds for a program that aims to provide armed law enforcement representatives that would guard students in every learning in stitute as part of their future ventures; this is in addition to another future formation of a program that would advocate areas of security, building design, access control, information technology, and student and teacher training for the very best practices.

robert the bruce :: essays research papers

Appeals of the Seven Earls, in Anglo - Scottish Relations 1174 - 1328, ed. and trans. by E.   Ã‚  Ã‚  Ã‚  Ã‚  L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Baigent, Michael and Leigh, Richard, The Temple and the Lodge (New York: Arcade   Ã‚  Ã‚  Ã‚  Ã‚  Publishing, Inc, 1989) Balliol, John, 'Defiance' By King of Scotland, in Anglo - Scottish Relations 1174 - 1328,   Ã‚  Ã‚  Ã‚  Ã‚  ed. and trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Barrow, G. W. S., Robert Bruce and the Community of the Realm of Scotland, (Berkely:   Ã‚  Ã‚  Ã‚  Ã‚  University of California Press, 1965) Bingham, Caroline, The Kings and Queens of Scotland, (New York: Taplinger   Ã‚  Ã‚  Ã‚  Ã‚  Publishing Company, 1976) Bull of Pope Gregory [4 Jan. 1235], in Anglo - Scottish Relations 1174 - 1328, ed. and   Ã‚  Ã‚  Ã‚  Ã‚  trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Bull of Pope Innocent IV [ 6 Apr. 1251], in Anglo - Scottish Relations 1174 - 1328, ed. and   Ã‚  Ã‚  Ã‚  Ã‚  trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Charter of King Richard, in Anglo - Scottish Relations 1174 - 1328, ed. and trans. by E. L.   Ã‚  Ã‚  Ã‚  Ã‚  G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Cowan, Samuel, J.P., Life of the Princess Margaret Queen of Scotland 1070 - 1093,   Ã‚  Ã‚  Ã‚  Ã‚  (Newcastle-on-Tyne, Mawson Swan and Morgan Limited, 1911) Dart, J., Westmonasterium or the Histories and Antiquities of the Abbey Church of St.   Ã‚  Ã‚  Ã‚  Ã‚  Peters, Westminister. 2 vols, (London, 1723), iii, Chap. 1, p. 12, quoted in Michael   Ã‚  Ã‚  Ã‚  Ã‚  Baigent and Richard Leigh, The Temple and the Lodge (New York: Arcade   Ã‚  Ã‚  Ã‚  Ã‚  Publishing, Inc, 1989) Declaration By the Clergy of Scotland, in Anglo - Scottish Relations 1174 - 1328, ed. and   Ã‚  Ã‚  Ã‚  Ã‚  trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) The Declaration of Arbroath, in Scottish Historical Documents, Gordon Donaldson,   Ã‚  Ã‚  Ã‚  Ã‚  ed.,(Edinburgh & London: Scottish Academic Press, 1974) Edward I, Judgement Upon the Petitions, in Anglo - Scottish Relations 1174 - 1328, ed.   Ã‚  Ã‚  Ã‚  Ã‚  and trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Homage of the King of Scotland [1278], in Anglo - Scottish Relations 1174 - 1328, ed. and   Ã‚  Ã‚  Ã‚  Ã‚  trans. by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd., 1965) Knappen, M. M. , Constitutional and Legal History of England (New York: Harcourt,   Ã‚  Ã‚  Ã‚  Ã‚  Brace, and Company, 1942)  Ã‚  Ã‚  Ã‚  Ã‚   Letter of King John of Scotland, in Anglo - Scottish Relations 1174 - 1328, ed. and trans.   Ã‚  Ã‚  Ã‚  Ã‚  by E. L. G. Stones, (London: Thomas Nelson and Sons Ltd.

Cheating in a Bottom Line Economy

SUMMARY & CRITIQUE OF: â€Å"Cheating in a Bottom Line Economy† (by David Callahan) In â€Å"Cheating in a Bottom Line Economy,† author David Callahan explains the fundamental reasons for the decay of simple business ethics in today’s economy in order to meet bottom line standards. Callahan draws conclusions from everyday businesses such as auto mechanic services, law offices, and even professional medical firms to prove that people will almost always choose financial stability over integrity. The economic life in America has transformed itself into a vast land of professionals focused on achieving â€Å"lean and mean† businesses in efforts to achieve the â€Å"American Dream,† but in essence lose sense of their morals. What happens when an employee is living a standard life with a job just barely getting them by? Executives at corporate headquarters decide to send down a new set of marching orders that drill employees with twice as much work for a sharply decreased base pay. Those marching orders have coined the term bottom line standards. American businesses have become highly competitive today in a market that is constantly changing to keep up with a new generation of ideas. These fluctuations in the economy have caused businesses to take different methods of actions to be competitive in the market. In the 1970’s Sears reigned as one of America’s well known retailers and shaped popular culture. As the market of demand became more competitive, Sears’ earnings began falling off the market. In order to get on the stock market, Sears had to cut 48,000 jobs and institutionalized a new compensation system (Callahan 31). As Sears set their new bottom-line standards to increase efficiency, it caused uproar from the employees. The demands of the company ultimately undermined the integrity of their workers. The pressure to make unpleasant ethical choices at work had employees â€Å"torn between moral integrity, losing [their] job, and trying to figure out how to work all this out† (Callahan 31). Employees of companies with bottom line standards were faced with a new decision at margin which made doing the right thing harder: suffer a pay cut and risk losing their job or cheat the customer. Not to our surprise, the employee would almost always choose their economic stability over their integrity. It is still not easy to say that the employee’s conscious didn’t warn them of the risks, the first time. It begins with just a simple upgrade tune up and then trickles to $1,000 in new auto parts. If we look back at the Sear’s auto mechanic example, a mechanic could easily convince the customer that their car needed a whole new system because of the customer’s lack of knowledge of the subject. The customer automatically assumes there is a guaranteed trust commitment to their service, but in turn gets fooled. The evidence unearthed by investigators found nearly identical reports of cheating at one Sears auto repair shop after another. The art of deception played a key role in fooling customers. The â€Å"ordinary people† at the New York City law firms were bound by an oath to abide a rigorous code of ethics (Callahan 33). Though these lawyers dealt with legal affairs of America’s largest companies, they were faced with not meeting year end billing requirements. In the most desperate cases of being downsized, lawyers turned to padding their hours by simply making up the numbers. They rounded up their hours and added in miscellaneous hours which was described as the â€Å"new math† (Callahan 39). â€Å"Let me tell you how you will start acting unethically†¦One day, not too long after you start practicing law, you will sit down at the end of a long, tiring day, and you just won’t have much to show for your efforts in terms of billable hours†¦so what you’ll do is pad your time sheet just a bit†¦However you will promise yourself that you will repay the client at the first opportunity by doing thirty minutes for the client for ‘free. In this way, you will be ‘borrowin,’ not stealing,† (Schlitz qtd. in Callahan 39). Commitments to meeting bottom line standards and greed have become directions of undermining integrity of even the most trusted profession: medical doctors. Medical professionals begin engaging in multilevel marketing companies such as the Wellness International Network (WIN), which dictate distributors to sell their company’s product at any extent. By earning money off of new distributors, this multilevel marketing became a pyramid scheme for destruction. Report peg the sale of health supplements by doctors at nearly $200 million in 2001, a tenfold increase from 1997. An estimated 20,000 doctors are now selling supplements from their offices, more than double the number of five years ago† (Callahan 49). These sorts of insider trading within their offices go against the American Medical Association guidelines that â€Å"doctors must ensure that the claims supporting any products they sell to patients are ‘scientifically valid and backed up by peer reviewed literature and other unbiased scientific sources’† (Callahan 49). They clearly prohibit the exchange of medical equipment, but the profit is too grand for the doctors to pass up. Those in the medical profession argue that they resort to such options to pay for their debt payments and management. Comments such as â€Å"I was used to following doctors advice†¦Doctors have the training, so you’ve got to respect their expertise† (Cumminskey qtd. in Callahan 48) prove that doctors hold a high level of respect for their profession, but it diminishes as scandals of deception are released to the public. In Steven Messner’s and Richard Rosenfeld’s article A Society Organized for Crime, they explain that people’s behavior towards meeting bottom line standards is to fulfill the American Dream. They state that the American Dream is an ideology that â€Å"people are socialized to accept the desirability of pursing the goal of material success, and they are encouraged to believe that the changes of the Dream are sufficiently high to justify a continued commitment to this cultural goal† (Messner 6). Generally, success in today’s society is defined by monetary and material gains. Therefore people are willing to go at any measure to achieve that success. Both articles explain how crime and delinquency arise from economic disputes that are settled with unethical behavior. The issue at hand is the fact that these issues cannot be solved in conventional ways, but only by working around the system to deceive their customers. Callahan’s article reinforces these popular notions that crime is not always intentional, but a means of getting through small obstacles in life in an unethical matter. These illegal activities begin as small meaningless preconceived activities and then sprout to everyday routines that are accepted within their business community. Callahan also makes us reconsider the power of higher authority figures that knowingly condone and usually promote this unethical behavior. This takes us back to the old saying, would you jump off a cliff if everyone did? The answer is yes. In all three of the cases, personal issues about cheating were put aside because â€Å"everyone was doing it. † I found these readings really interesting and relevant to the topic of crime and delinquency. Callahan does an excellent job of explaining the effects of bottom lines standards on people and the economy. I completely agree with his perspective that choosing economical stability over integrity will get a person closer to the American Dream then losing their job. It poses a moral issue, but in this century you can’t live on just integrity. The sad truth is people gain integrity from their monetary and material wealth. I believe Callahan could really expand on this topic by looking further into the psychological standpoint of meeting bottom line standards in order to get a better understanding of what goes through a person’s mind when deciding to go against their morals. KEY POINTS, ISSUES, AND QUESTIONS:Doing the right thing gets harder as the pressure between financial stability and integrity is put on the line.The game of hustling becomes everyday knowledge that moral ethics are completely put aside.  The American Dream causes people to act irrationally, but if you really think about it their unethical act stimulate the economy.Question: What are the implications of Callahan’s work for discovering cheating in a bottom line economy? Question: What are the psychological aspects of going against morals to deceive people ?

In the modern world, having access to health care Essays

In the modern world, having access to health care Essays In the modern world, having access to health care can certainly benefit one's life , but not having it can make the difference between life and death. In 2010, 18.2% of the nonelderly U.S. population was uninsured. From a political perspective, Democrats have typically encouraged more government intervention with services to the people. Thus, to no surprise, d uring the 111 th United States Congress, the O bama Administration encouraged C ongress to spend a considerable amount of time and energy to reform the country' s healthcare system . On September 17 th , 2009, the controversial H.R.3950 - Patient Protection and Affordable Care Act (ACA) was introduced. Despite conservatives fighting it tooth and nail, it passed both houses. As expected, on March 23, 2010, President Obama signed the bill into law , and now it is commonly re ferred to as Obamacare . The ACA is the biggest reform action the United States Federal Government has enacted on the country 's health care and medical system since Medicare and Medicaid in 1965. Since its proposal became law, it has affected a wide variety of America n activities, processes, and the political realm. Specifically, i t has affected American small business owners including individual Americans themselves . Its influe nce continues to impact both social and political arena s even today . The Affordable Care Act has had an impact on American businesses and their operations. For example, b usinesses with 50 employees or more are now required to provide their employees with health coverage, otherwise they will pay a fine. The Patient-Centered Outc omes Research Trust Fund fee along with the Reinsurance Fee require businesses to spend more capital they other wise wouldn't have spent . Additionally , in order to control these additional costs , businesses are being forced to restrict the number of workers qualified for their healthcare benefits, which of course requires extra administrative oversight. To ensure A C A compliance, many businesses now must create new procedures, hire extra staff, and monitor employees' hours and schedules to make sure that they don't work over 29 hours a week, guaranteeing a part-time status. As a result, the employees can be impacted by havin g their weekly working hours reduced, which results in a decrease of hours and ultimately a decre ase in pay for those affected employees. This situation creates a so cial conflict between business staff and their potential / existing employees . In the end, b oth parties must come to an agreement regarding who is going to cover the costs associated with the plan, who is going to spend more out of po cket, etc . , and this ultimately affects the hiring process as a whole . As mentioned, in addition to American small business owners , individual Americans are affected. Today, t obacco users are now faced with another consequence to their unhealthy habit. Under the ACA, insurance companies can impose an additional charge on tobacco users' premiums , effectively making the law another piece of the smoking cessation effort of the country. This law directly affects all tobacco users in America as they are now given the option to quit, or pay more for their insurance . However, smokers faced with medium' and high' tobacco charges to their premium were less likely to even obtain insurance coverage at all and if the charges were low, were less likely to quit. The ACA's goal of increasing smoking cessation with high health care costs was largely unsuccessful as it is ultimately driving tobacco smokers away from the health care system. Due to the ACA, adults until age 26 can stay on their parent's insurance policies, which is a major impact to millions of individual Americans. "Because of the law 6.6 million additional young adults, including more than 1.3 million minorities - many of them new college graduates- had access to coverage even if they were unable to find a job right away." This dependent provision results in many more young adults being covered by insurance, which promotes equality and makes it possible for these adults to stay focused on other things in their life such as their career, education, and responsibilities . I ndividuals

Cost Sheet Analysis of Britania Essay Example

Cost Sheet Analysis of Britania Essay Example Cost Sheet Analysis of Britania Essay Cost Sheet Analysis of Britania Essay Affiliated to Guru Gobind Singh Indraprastha University, Delhi 2A amp; 2B, Madhuban Chowk, Outer Ring Road, Phase-1, Delhi-110085 Cost Sheet Analysis of Britannia Bread STUDENT s DECLARATION This is to certify that I have completed the Project titled COST SHEET ANALYSIS OF BRITANNIA BREAD under the guidance of Ms. NITIKA SHARMA in the partial fulfillment of the requirement for the award of the degree of Bachelor in Business Administration from Rukmini Devi Institute of Advanced Studies, New Delhi. This is an original work and I have not submitted it earlier elsewhere.Name of the Student – RINKI KHATRI Enrollment No. 03515901711 Class amp; Section- BBA – SEMESTER 3 CERTIFICATE OF GUIDE This is to certify that the project titled COST SHEET ANALYSIS OF BRITANNIA BREAD is an academic work done by RINKI KHATRI submitted in the partial fulfillment of the requirement for the award of the degree of Bachelors in Business Administration from Rukmini Devi Institute of Advanced Studies, New Delhi. under my guidance and direction. To the best of my knowledge and belief the data and information presented by him / her in the project has not been submitted earlier elsewhere.Name of the Faculty – NITIKA SHARMA Designation of the Faculty RDIAS ACKNOWLEDGEMENT I offer my sincere thanks and humble regards to Rukmini Devi Institute Of Advanced Studies, GGSIP University, New Delhi for imparting us very valuable professional training in MBA. I pay my gratitude and sincere regards to Ms. Nitika Sharma, my project Guide for giving me the cream of his knowledge. I am thankful to him as he has been a constant source of advice, motivation and inspiration. I am also thankful to him for giving his suggestions and encouragement throughout the project work.I take the opportunity to express my gratitude and thanks to our computer Lab staff and library staff for providing me opportunity to utilize their resources for the completion of the project. I am also thankful to my family and friends for constantly motivating me to complete the project and providing me an environment which enhanced my knowledge. Name of the Student – Rinki Khatri Enrollment No. 03515901711 Class amp; Sec – BBA-2-3 SEMESTER Executive Summary This project is an attempt to give knowledge about Cost Sheet Analysis of Britannia Bread. It aims to make its reader well versed with each and every aspects of Britannia Bread.It throws light on the following:- 1) In 1st chapter you will find the introduction of the project report and its objective. 2) In 2nd chapter you will find the introduction of Britannia Company, its history 3) In 3rd chapter, you will find the research methodology used in the project report. 4) In 4th chapter you will find how data is collected and its analysis. 5) In 5th chapter there are findings and conclusion about 5the project report. 6) In 6th chapter you will find some suggestions about the project. CONTENTS TOPIC PAGE NO Chapter I †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8-34 Plan of the Study . 1Introduction to topic 1. 2 Objective of the study 1. 3 Literature review And/or Theoretical Background Chapter II†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 35-43 Company Profile / Industry profile or details Chapter III†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦44-49 Research Methodology 3. 1 Purpose of the study 3. 2 Research Objectives of the study 3. 3 Research Methodology of the study 3. 3. 1 Research Design 3. 3. 2 Data Collection 3. 3. 3Method of data collection 3. 3. 4Limitations Chapter IV†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦50-60 Data Analysis and Interpretation Chapter V†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 61-64 Findings amp; Conclusions Chapter VI†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦65-66Suggestion/ Recommendation BIBLIOGRAPHY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 67 ANNEXURES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 68-70 Chapter 1 Introduction MEANING OF COST COST’ repr esents a sacrifice of values, a foregoing or a release of something of value. It is the price of economic resources used as a result of producing or doing the thing costed. It is the amount of expenditure incurred on a given thing. Cost has been defined as the amount measured in money or cash expended or other party transferred, capital stock issued, services performed or a liability incurred in consideration of goods and serviced received or to be received.By cost, we mean the actual cost i. e. historical cost. ICWA (UK) defines cost as the amount of expenditure (actual or notional) incurred on, or attributable to a specified thing or activity. CLASSIFICATION OF COST Cost classification is the process of grouping costs according to their common features. Costs are to be classified in such a manner that they are identified with cost center or cost unit. ON THE BASIS OF BEHAVIOUR OF COST Behavior means change in cost due to change in output. On the basis of behavior cost is classified into the following categories: FIXED COSTIt is that portion of the total cost which remains constant irrespective of the output upto capacity limit. It is called as a period cost as it is concerned with period. It depends upon the passage of time. It is also referred to as non-variable cost or stand by cost, capacity cost or period cost. It tends to be unaffected by variations in output. These costs provide conditions for production rather than costs of production. They are created by contractual obligations and managerial decisions. Rent of premises, taxes and insurance, staff salaries constitute fixed cost. VARIABLE COST This cost varies according to the output.In other words, it is a cost which changes according to the changes in output. It tends to vary in direct proportion to output. If the output is decreased, variable cost also will decrease. It is concerned with output or product. Therefore, it is called as a product cost. If the output is doubled, variable cost will also be doubled. For example, direct material, direct labour, direct expenses and variable overheads. It is shown in the diagram below. SEMI-VARIABLE COST This is also referred to as semi-fixed or partly variable cost. It remains constant up to a certain level and registers change afterwards.These costs vary in some degree with volume but not in direct or same proportion. Such costs are fixed only in relation to specified constant conditions. For example, repairs and maintenance of machinery, telephone charges, supervision professional tax, etc. ON THE BASIS OF ELEMENTS OF COST Elements means nature of items. A cost is composed of three elements, material, labour and expenses. Each of these elements can be direct and indirect. DIRECT COST It is the cost which is directly chargeable to the product manufactured. It is easily identifiable. Direct cost consists of three elements which are as follows:DIRECT MATERIAL It is the cost of basic raw material used for manufacturing a product. It becomes a part of the product. No finished product can be manufactured without basic raw materials. It is easily identifiable and chargeable to the product. For example, leather in leatherwares, pulp in paper, steel in steel furniture, sugarcane for sugarcane etc. what is raw material for one manufacturer might be finished product for another. Direct material includes the following: 1. All materials specially purchased for production or the process. 2. All components purchased for production or the rocess. 3. Material transferred from one cost center to another or one process to another. 4. Primary packing materials, wrappings, cardboard boxes etc, necessary for preservation or protection of product. Some of the items like nails or thread in the store are a part of finished product. They are not treated as direct materials in view of negligible cost. DIRECT LABOUR OR DIRECT WAGES It is the amount paid to those workers who are engaged in the manufacturing line for conversion of raw materials into finished goods. The amount of wages can be easily identified and directly charged to the product.These workers directly handle raw materials, work in progress and finished goods on the production line. Wages paid to the workers operating lathes, drilling, cutting machines etc are direct wages. Direct wages are also as productive labour, process labour or prime cost labour. Direct wages include the payment made to the following group of workers: 1. Labour engaged on the capital production of the product. 2. Labour engaged in aiding the operations viz. Supervisor, Foreman, Shop clerks and Worker on internal transport. 3. Inspectors, Analysts needed for such production. DIRECT EXPENSES OR CHARGEABLE EXPENSESIt is the amount of expenses which is directly chargeable to the product manufactured or which may be allocated to product directly. It can be easily identified with the product. For example, hire charges of a special machine used for manufacturing a product, cost of designing the product, cost of patterns, architects fees/surveyors fees, or job cost of experimental work carried out especially for a job etc. Cost of special drawings, cost of special layout designs, patents, patterns, cost of models, surveyors fees, Excise duty, royalty on production, cost of rectifying defective work.Utility of such expenses is exhausted on completion of job. INDIRECT COST It is that portion of the total cost which cannot be identified and charged directly to the product. It has to be allocated and apportioned and absorbed over the units manufactured on a suitable basis. It consists of the following three elements: INDIRECT MATERIAL It is the cost of the material other than direct material which cannot be charged to the product directly. It cannot be treated as a part of the product. It is also known as expenses materials.It is the material which cannot be allocated to the product but which can be apportioned to the cost units. Examples are as follows: 1. Lubricants, cotton waste, oil, grease, stationery etc 2. Small tools for general use 3. Some minor items such as thread in dress making, cost of nails in shoemaking etc INDIRECT LABOUR It is the amount of wages paid to those workers who are not engaged on the manufacturing line, for example, wages of workers in administration department, watch n ward department, sales department, general supervision. INDIRECT EXPENSESIt is the amount of expenses which is not chargeable to the product directly. It is the cost of giving service to the production department. It includes factory expenses, administrative expenses, selling and distribution expenses etc. Overheads Or On Cost Or Burden Or Supplementary Cost Aggregate of indirect cost is referred to as overheads. It arises as a result of overall operation of a business. According to Weldon overheads mean, the cost of indirect material, indirect labour and such other expenses, including services as cannot conveniently be charged direct to specific cost units.It includes all manufacturing and nons of such costs are rent, rated and taxes of factory premises, salary of general manager, foreman, watchman, insurance, depreciation etc. These expenses incur according to the unit of time and not according to level of production. Hence sometimes it is called as periodic cost.For example such fixed cost is ascertained of a particular concern Rs. 12000 pm. The capacity of this concern is to produce 1000 units pm. If they produce 100 units or 500 units or 700 units or 100 units the fixed cost will remain constant at all these levels of output. This fixed cost remains fixed at all levels of output, but the cost per unit changes if there is a change in the level of output. VARIABLE COST It is the cost which tends to vary directly with the volume of output. If there is increase in output this cost increases and vice versa. The change in the variable cost takes place in the same direction in which the level of output changes.This cost consists of direct materials, direct wages, direct expenses and some part of indirect expenses which varied according to the level of output. Say for example if standard unit of final product requires the raw materials of Rs. 20 per unit the expenses on direct materials will change if level of output changes. However variable cost per unit will remain unchanged provided the price level d oes not change. SEMIs of such expenses are depreciation of plant and machinery, maintenance of factory building etc.These expenses will increase if factory is run from single shift to double or triple shifts. Depreciation and maintenance will increase but not in the same ratio, the output increases. Thus these expenses are neither fixed nor variable cent percent. Hence they are called as semi variable expenses. OBJECTIVES OF THE STUDY 1. This project was undertaken to have an insight into the cost structure of Britannia. 2. The objective of cost sheet analysis is to determine the cost and with this cost we can find profit margin for the Britannia. 3. To study how cost sheet analysis is helping the Britannia Company in controlling the cost. 4. To analyse the cost of advertisement done by Britannia Company through cost sheet analysis. 5.To study, how Britannia Company determine the cost of its product through cost sheet analysis. LITERATURE REVIEW The multi-billion food and beverage i ndustry comprises several markets including bakery products such as bread, biscuits etc. , milk and dairy products, beverages such as tea, coffee, juices, bottled water etc. , snack food, chocolates, etc. beverage, confectionery, processed foods and others. Indias Food and Beverage industry is valued at Rs. 3584 billion. India produces above 600 million tonnes of food products every year and is one of the major producers of food in the world. The food and beverage industry registered a growth rate of 8. 5% in 2005-06.With increase in disposable income of consumers, growing awareness among consumers about health products, rapid urbanization, and increasing popularity of convenience foods, food and beverage sector is expected to grow at a high rate. This sector holds a huge potential to grow because of the increase in advertisement spending, awareness campaign about products in urban as well as rural areas, and large scale transformation. The food and beverage industry is primarily dr iven by consumer health trends. Presently, the food and beverage industry is in a dynamic phase, marked by a high degree of competition. As product development within the food and beverage market moves towards a focus on health and nutrition, the growth and development of food manufacturers in the market depends on having prudent strategies in place, which can be applied globally.In effect, this has created a highly competitive market place, which fosters growth of participants with a clear vision of growing with their customers. The major players in the Food and Beverage Industry is: Heinz, Mars, Marico, Conagra, Pepsi, HLL, Pillsbury, Nestle, Amul, ITC, Dabur, Britannia, Cadbury, Smith Kline Beecham, The Surya Food and Agro Private Ltd. Bakery industry in India is probably the largest among the processed food industries, production of which has been increasing steadily in the country. Bakery products once considered as sick man’s diet have now become essential food items o f the vast majority of population. The two major bakery industries, viz. bread and biscuit account for about 82% of the total bakery products. The annual production of bakery products which includes bread, biscuits, pastries, cakes, buns, rusk, etc. , most of which are in the unorganized sector, is estimated to be in excess of 3 million tonnes. The production of bread and biscuits in the country both in the organized and unorganized sectors is estimated to be around 1. 5 million tonnes and 1. 1 million tonnes respectively. Of the total production of bread and biscuits, about 35% is produced in the organized sector and the remaining is manufactured in the unorganized sector. Indian Bakery sector is indicating significant growth both in terms of volumes and customer base.The sector, which is estimated at Rs 3,500 crore, is currently registering a 40% growth according to industry sources. The production of Bakery products has increased from 5. 19 lakh tonnes in 1975 to 18. 95 lakh tonn es in 1990 recording four-fold increase in 15 years. Some of the well-known and most frequented bakeries in the country are Sweet Chariot, Modern Bakery, Daily Bread in Bangalore, Monginis, Birdies, Croissants in the west, and in the north and eastern parts of the country, there are quite a few big players too. Bread is the cheapest and basic instant food available for consumption. Though bread is not a staple food in the country, its consumption has increased over the years.In India it is still a secondary staple food when compared to chapatti, puri or rice. The different types of bread available are White bread, Whole meal or whole wheat bread, mixed grain bread, Kibbled wheat and cracked wheat bread, Fibre-increased white breads, Rye bread Chapter 2 Company Profile INTRODUCTION TO BRITANNIA INDUSTRIES Britannia Industries Limited (BIL) is a major player in the Indian Foods market with leadership position in Bakery category. Its brand portfolio includes Tiger, Marie Gold, Good Day , 50:50 and Treat. The Company was born in 21st March of the year 1918 as a public limited company. The Companys plants are situated in Kolkata, Delhi, Chennai, Mumbai and Uttarakhand.In 1921, it became the first company east of the Suez Canal to use imported gas ovens. Britannias business was flourishing. But, more importantly, Britannia was acquiring a reputation for quality and value. As a result, during the tragic World War II, the Government reposed its trust in Britannia by contracting it to supply large quantities of service biscuits to the armed forces. A new factory was established in the year 1924 at Kasara Pier Road in Mumbai. In the same year, the Company became a subsidiary of Peek, Frean amp; Company Limited, U. K. , a leading biscuit manufacturing company, and further strengthened its position by expanding he factories at Calcutta and Mumbai. In 1952, the Kolkata factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Kolkata. During th e same year automatic plants were installed in Calcutta and later in 1954 the automatic plants were installed in Mumbai plant, also in the same year the development of high quality sliced and wrapped bread in India was initiated by the company and was first manufactured at Delhi and a new bread bakery was set up at Delhi in the year 1965. Britannia Biscuit Company takes over biscuit distribution from Parrys during the year 1975. In 1976, the company had introduced Britannia bread in Calcutta and Chennai.During the year 1978, the company made Public issue, in that Indian shareholding crossed 60%. The Company re-christened from Britannia Biscuit Company Limited to Britannia Industries Limited with effect from 3rd October of the year 1979. The Company had signed a 10-year technical collaboration agreement with Nebico Pvt Ltd. , Nepal during the year 1980 for the supply of know-how relating to manufacturing, packaging and marketing of biscuits and selection of plant and machinery. Durin g the year 1989, BILs Executive Office was relocated to Bangalore. During the year 1990, two new brands of biscuits, Elaichi Creamand and Petit Beurre were launched.Also, in the same year a new cashew badam variant of the brand Milk Bikis and brand extension of pure magic biscuit Vanilla cream were launched, Fruit bread was launched in Delhi. The Company launched two new speciality brands in the year 1991 viz. , Britannia milk bread and Britannia brown bread in Delhi and extended nationally its main brands Petit Beurre and Elaichi Cream. In 17th August of the year 1991, the Company handed over its Soya unit at Vidisha, MP to SM Dychem Ltd. BIL had celebrated its Platinum Jubilee in the year 1992. After a year in 1993, Wadia Group had acquired the stake in ABIL, UK and becomes an equal partner with Group Danone in BIL.The Company was in re birth phase during the year 1997, new corporate identity Eat Healthy, Think Better leads to new mission of Make every third Indian a Britannia con sumer and in the same year BIL entered into the dairy products market. In 1998, BIL had launched Half/Half, a soft cake filled with cream in two variants, chocolate-vanilla and vanilla-orange. The Company had rolled out its flavored milk brand Zip-Sip in tetrapaks in the year 1999. Zip-Sip had been launched in Mumbai and some markets in the South. Forbes Global Ranking was rated the company during the year 2000, Britannia among Top 300 small companies. In the same year, the company had launched Britannia Milkman Butter, a product under the Milkman brand.BIL made its fund in-principle agreement to acquire 49 per cent of Kwality Biscuits in the year 2001 through internal accruals. During the year 2002, the company had entered into a joint venture with the Fonterra Cooperative Group, New Zealands biggest company and one of the leading diary co-operative groups in the world and the Britannia New Zealand Foods Pvt. Ltd was born. Pure Magic, the companys product was winner of the Worldsta r, Asiastar and Indiastar award for packaging in the same year 2002. After a year, in 2003, BIL had launched Treat Duet, most successful of the year and Britannia Khao World Cup Jao rocks the consumer lives yet again.During the year 2004, Britannia accorded the status of being a Superbrand and the brand Good Day added a new variant Choconut in its range. Reviewed marketing alliance with the Kolkata-based Thacker Dairy Products Pvt Ltd. In the year 2005, Britannia New Zealand had launched health drink for adult. The new plant in Uttaranchal, commissioned during the year 2005, it was ahead of schedule. In the same year, launched yet another exciting snacking option the Britannia 50-50 Pepper Chakkar. BIL had forged a strategic alliance with CCD Daily Bread Pvt Ltd in the year 2006, a Bangalore based Company engaged in manufacturing and retailing of premium breads, cakes snacks and high end ready to eat foods.In the year 2007, Britannia industries formed a joint venture with the Khimji Ramdas Group and acquired a 70 percent beneficial stake in the Dubai-based Strategic Foods International Co. LLC and 65. 4% in the Oman-based Al Sallan Food Industries Co. SAOG. The company was rated as the No 1 Most Trusted Food Brand in a survey conducted by AC Nielsen ORGO-MARG and published in Economic Times in the year 2007. Britannia launched Iron fortified Tiger Banana biscuits, Good Day Classic Cookies, Low Fat Dahi and renovated MarieGold during the period of 2008. BIL was ranked 27th place in the list of Indias Fastest Growing Large Companies by Business Today, Special on June of the year 2008. The story of one of Ind

Sales Letter Assignment Example | Topics and Well Written Essays - 500 words

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Describe and evaluate the main macroeconomic policies used by the Essay - 2

Describe and evaluate the main macroeconomic policies used by the Government and Central Bank of China over the last two years - Essay Example Resultantly, China made an agreement with the International Monetary Fund that saw it joining the World Trade Organization and from then, the country has world-record economic advancements from dominating in foreign trade and multiple influxes of extraneous nonstop investments. In the management of any economy, the state and authority have the obligation of approving the contradictory policies (especially for currency) because failure to this results to instability of currency both at home and around the globe, mostly a decrease in value. This is a nightmare for any country or market so the monetary authorities enforce all the conflicting policies to avoid such a situation. Most of the business gurus and specialists argue that it is impossible for a country or economy to have utter investment suppleness, stable exchange rate and sovereign pecuniary policy all at the same time; definitely, at a particular time, one of these three factors changes. For the last two years, they has been a steady rise of influxes of international capital into China with the above issue of having all the three factors emerging everywhere around the country; however, the core facilitator of this is the projected escalation in value of the RMB chattels after its rise (Flassbeck 20 14). As of mid-2013, China’s extraneous exchange investments were over three thousand billion dollars, which was around three quarters of the assets of the core bank in China, PBC; resultantly, the government has contributed greatly to this, especially with its increased persistence on the matter of appreciating RMB. During a period of ten years (2003-2013), China’s funds multiplied by eleven times with a greater increase margin for foreign exchange; obviously, this development over such a period is impressive for any economy. Decisively, the central bank of China (People’s Bank of China) lay out policies and initiatives for stability