Competition Bike Incs Essay

Horizontal analysis compares a company’s performance from year to year. I will be reviewing Competition Bikes Inc(CBI) balance sheets and income statements. During CBI year 6, 7 and 8 I have found their net sales , cost of goods to be fluctuating, and few various other items. The net sales from year 6 to 7 increase 33.34 %. The cost of goods from year 6 to 7 was 31.82 %. The gross profit increase 30.89. Comparing year 6 and 7 I found that year 7 improved, but when I compared year 7 to 8 the results were not good for year 8. The company had experienced a 15 percent reduction in net sales. Cost of goods drops 14.8 % from year 7 to 8. Advertising Expenses CBI advertising expenses increased by 37.5 % from year 6 to 7. CBI made a great investment from year 6 to 7 because the net sales increase at a higher rate the increased advertising cost. CBI reduced their advertising expenses by 16.3 % from year 7 to 8. I believed this was done because of the fragile economy. Many companies are trying to make cuts back during a weak economy. These reduces expenses will hold them over until the economy becomes stronger. Website/Sales The website creation and maintenance expenses during year 6, 7 and 8 stayed the same price. Sales commission increase 33.371 % during year 7 from the previous year. Sales commission decrease by 15 % the following year (8). Distribution Network The Distribution network expenses had a positive increased in year 7 by33.3 % jump from the previous year. Distribution expenses are normally supposed to maintain similar numbers, but when you have an increase in sales it is acceptable to increase the distribution expenses. Distribution network expenses decreased 15 percent in year 8. This was caused due to less revenue. Transportation CBI had 33% transportation increase from year 6 to 7. This was caused CBI had more products sold and required more products to be shipped. CBI saw 15 % transportation decrease from year 7 to 8. CBI had less products sold and this caused transportation to decrease in year 8. Administrative Expenses from year 6 to 7 saw 21.43% increase. Administrative Expenses maintain the same expenses from year 7 to 8. Executive expenses increased 29.42 % from year 6 to 7. Year 7 and 8 maintain the same level of expenses. Employment taxes rose by 25.81 % increase from year 6 to 7. Year 7 and 8 maintain the same level of employment of expenses. Administrative expenses are expected due to company having increase production and sales. Utilities expenses rose 3.84 % from year 6 to 7. CBI operation worked proficiently in year 7, and this helped them experienced only an increase of 3.8% in utilities. This was caused due to increase production. CBI utilities increased by 11.11 during year 8. I would suggest CBI have their utilities monitor from day to day to see how they can prevent an increase in expenses when the company is not performing well compared to the previous year. Research CBI saw research and development saw a 37.5 % percent increase from year 6 to 7.During year eight CBI reduces their research and development expenses by 16.3 %. A company should never reduces their research and development if they company perform well in the previous year. I believe this was one of the reasons why CBI had a great year during 7 because they knew what consumers wanted. Due to lack of spending on research and development this caused their sales to drop. Research and development is an important component of competition against other companies without a company will fail to succeed. Interest Income CBI interest income rose 38.1% from year 6 to 7. During year 7 CBI income was properly invested. During year 8 CBI investments had a 3.4% reduction. The reduction was small, but small things do add up over time. I would suggest CBI to monitor their investments and make plans to move around their money if the current trend continues. Balances sheets CBI accounts receivable rose 164.3% from year 6 to 7. During year 8 CBI accounts receivable drop 15 percent. CBI should monitor accounts receivable more closely to make sure past due balances are paid on time. This was caused due to the company noticing a large increase on accounts receivable during year 7 and they tried to capitalize on it. This caused their accounts receivable to drop. Raw Materials CBI manages their raw materials well during year 7. CBI had 3.1% percent reduction in year 8. CBI should incorporate lean production method and Just in time production to avoid wasteful spending and production. Liabilities CBI liabilities increase 1.2% from year 6 to 7. This is expected due to year having 7 having an increase in sales and productions. CBI reduces their liabilities by 3.1% from year 7 to 8. This is good because CBI had a 15 percent reduction in net sales. Vertical analysis A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities and equities) in a balance sheet is represented as a proportion of the total account. The main advantages of vertical analysis are that the balance sheets of businesses of all sizes can easily be compared. It also makes it easy to see relative annual changes within one business(Investopedia,2013). Income Year 7 net sales were 7% higher than year 6.CBI preserved their selling expenses at 6.7% of total Net Sales. CBI reduced General & Admin Expenses from 17.1% during year 6 to 15.5% during year 7.This would lead to an increase in Operating Income from 2.8% of Net Sales from year 6 to 5.3% in year 7 and CBI Net Earnings would increase from 1.1% (year 6) to 3.3% (year7). CBI did not perform well in year 8 because their expenses increase during year 8. This caused CBI net earnings to reduce.. CBI Administrative expenses increased 15.5% from year 6 to 7. CBI net sales increase 18.4% from year 7 to 8. CBI operating expenses income was reduce 5.3%of net sales to 1.9 % causing CBI net earnings from 3.3% to a .7%. I would recommend CBI to monitor their general and Admin expenses. Majority of expenses stayed the same during year 6,7 and 8. However during year 8 the CBI did not perform well. I believed CBI needs to find ways to reduces expenses when the company is having a low sales volume. CBI should incorporate just in time principles and lean manufacturing principles. I believe this would help reduce wasted production and this would help reduce utilities expenses. Just in time principles and lean manufacturing principles could also reduce employee expenses. ASSESTS CBI in the cash and cash equivalent accounts drop from 6.2 % in year 6 to 2.7%. However, during year 7 more products were sold compared to year 6. CBI accounts receivable had a major increase from year 6(6.5%) to year 7(16.6%).CBI needs to monitor their accounts receivable accounts more closely and make sure they’re collecting the amount owed to them. During year 8 CBI cash and cash equivalents had risen from 2.7 %( year 7) to 10.3%(year 8). The reason why this happen was due to CBI had started to monitor their accounts receivable. This helped them collect the money they were owed on past due accounts. I would recommend CBI to avoid making purchase on accounts and find ways to use the cash in a more efficient way. CBI should realize it important they have enough reserves during a recession. This will help hold them over until the economy bounces back. â€Å"Trend Analysis is the practice of collecting information and attempting to spot a pattern, or trend, in the information (Wikipedia,2012).†CBI sales were lower than year 7, but they still were able to make a profit. CBI should expect to see growth in the next few years based on their current trend. CBI is expected to have 3,510 units sold in year 9. CBI will have 3,660 units sold in year 10. Finally during year 11,CBI will sell 3,800 units. The forecast numbers are based on the economy recovering. This will encourages CBI sponsors to invest in professional riders and this will increase new bike sales. Currently is cost CBI 1,047.50 to make each product. I would recommend CBI find suppliers who have the same quality parts, but at a lower cost. I would also make recommend CBI is following just in time and lean manufacturing principles. This could help CBI increase their profit margin. Ratio analysis- analyzes numbers Ratio analysis is a method used by businesses to assess their financial situation by comparing two sets of linked data. Current ratio will measure a company’s ability to pay short-term obligations. CBI had a reduction from year 7 (5.9%) to 8(5.35%). Two wheel racing (TWR) current ratio was 4.2% for year 7 and 8. A debt ratio will determine if a business is able to handle any unexpected liabilities it that may come up. A business needs to make sure they enough money to pay off debt to avoid problems with their debt. During year 7 CBI debt ratio was 46.8%. The follow year the debt ratio was 46%. The debt ratio only drops .08 percent during year 8. TWR debt ratio was 38% in year 7 and 8. An acid test ratio will determine if a company can back their liabilities. CBI is doing better than (TWR) by 1.12% and .85%. Inventory turnover- determines the number of times a company can sell it average level of inventory throughout the year. CBI bicycles are customizes for customers so I am unable to compared CBI and TWR. Average collection period, This determines how well a company is able to collect money to the customers they extended credit to.CBI has higher collected amount compared to TWR. CBI was 11.3% higher in year 7 and 8. Gross Profit Margin, will tell investors how much revnue was gain after selling the product(Cost of Good-revenue/gross profit. TWR profit margin is 32.10% higher than CBI profit margin in year 7(27.4%) and 8(27.0%). TWR is operating more effectively. Operating profit margin Measures management efficiency (Operating income/total sales). CBI year 7 was 5.3% and TWR was 5.2%. Year 8 TWR performed better with 5.3% compared to CBI(1.9%). Net Profit Margin show investors the percentage of each sale dollar earn as net income. During year 7 CBI net profits was 3.3% and in year 8 it was .8%.TWR was 5.14% year 7 and 8. The portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability(Investopedia,2013).TWR was $.08 for year 7 and 8. CBI was $.20 during year 7 and $.04 in year 8. Return on total assets-determine how successful a company is to earn profit with their assets. TWR total assets was 4.8% for year 7 and 8. CBI was 4.5% in year 7 and year 8 was .8%. Return on Common Equity- Income between net income and stockholder equity. During year 7 CBI equity was 8.5% AND TWR was 8.1%. CBI equity in year 8 was 1.5% and TWR was 8.1% Price / Earnings Ratio- Stock prices and company earning. CBI earning share 49.67 and TWR was 29. During year CBI price jump to 83.73 and TWR was still 29. Times Interest Earned Determines the numbers of times operating income can pay interest expense. Year 7 interest earn was 5.27 and TWR was 4.24. During year 8 CBI interest earn drop to 1.77 and TWR remained 4.24. ‘Working capital is a financial metric(current assets minus company liabilities) which represents operating liquidity available to a business, organization or other entity, including governmental entity(Wikipedia,2013).† The financial metric system will analyzes if a company will be able to pay their short term liabilities or do they need to take an alternative solution. CBI working capital in year 6 was $382,394: CBI working capital at the end of year was 1,306,617. CBI increased their working capital by 70.7% at the end of year 8. After reviewing CBI working capital the results indicated they will be able to pay their short term liabilities Recommendation I would recommend CBI to have their accounts executives to build a better relationship with customers and make sure they’re satisfied with the work they are receiving. One of the most important things a company can do is listen to their employees. I would also recommend CBI to reduce their accounts receivables. This could be done by making sure that larger orders from customer are sent out faster. CBI inventory cost increase over 24% from year 6 to year 8.CBI should follow the just in time and lean manufacturing principles. This will reduces inventory cost for CBI. CBI transportation expenses are one of their highest expenses. I would recommend CBI to consider to purchasing their own delivery truck and see if this will help them reduce their transportation expense. Internal controls Internal controls helps a company infrastructure run smoothly. Internal controls also help protect and prevent fraud. Internal control will try to remove the temptations for employee to act unethically in the aspect of putting the company at risk of lawsuit. CBI purchase department (PD) will purchases orders from suppliers based on their monthly budget. Once the order has been received the PD will evaluate bids from different suppliers. Once the order has been received they’re given to the production line. The invoice will be sent to the PD. If there are any supplies left they will be sent to raw materials. The PD will then send an accounting department who issues a check to the supplier. Recommendation I would recommend the whole entire processed be revamped. The first thing I would recommended is to separate the duties of researching the bid and purchasing orders. The next thing I would suggest is to make the receiving department in charge of verifying the shipping when the packages arrive. The receiving department needs to verify every item is there from the supplier and their no missing item from the delivery. The receiving department should maintain an inventory control system. After the receiving department has approved the invoice, they should forward to the purchasing department. The purchase order will be forward to the accounting department for payment. Accounting has currently been only receiving unverified invoices. Risk Accounting has currently been only receiving unverified invoices. The lack of verification could cause CBI to get double charge for item they already paid for. Currently their lack of inventory control system. Currently unused supplies are being sent to raw material without anyway of tracking it. This would make it easy for employees to steal because lack of inventory control system. Recommendation I would suggest an inventory control system be implemented. I would make sure all packages received by receiving department be verified by management to avoid being double charge. The inventory control system will help prevent theft from employees. I would also hire outside firm every quarter to check inventory levels to make sure no one is stealing from the company. Sarbanes-Oxley Act Sarbanes-Oxley Act is government regulation that congress pass in order to improve financial disclosures. This would help prevent accounting fraud and improve financial disclosures from corporations(Wikpedia,2013).†Section 302: A mandate that requires senior management to certify the accuracy of the reported financial statement Section 404: A requirement that management and auditors establish internal controls and reporting methods on the adequacy of those controls. Section 404 had very costly implications for publicly traded companies as it is expensive to establish and maintain the required internal controls (Investopedia,2013). CBI does not mention that they were audited by outside firm. I highly recommend CBI to hire auditing firm to review the company’s annual statement before releasing the numbers to the public to make sure there is no accounting errors. Internal controls are implemented and effective at the end of year 8(Dec 31). The CEO, and CFO certification is need because it is required by SOX and this could not be located. Auditor releases the following statement to shareholders. A material weakness is a control deficiency, or a combination of control deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis Recommendations CBI needs to make sure they are in compliance with the regulations set forth by Sarbanes-Oxley CB. The first thing I would recommend is to conduct a internal control assessment. The next thing I would recommend CBI to hire accounting firm to review their internal controls. The control needs to be based on Sox guidelines. The CEO and CFO needs to certify they’re aware of the CBI internal control and the actions the company have taken to protect investor’s investments. It is very vital CBI CEO and CFO certifies they’re aware of internal control because Sarbanes-Oxley requires this to be done. Since the accounting firm made assessment that the internal control is effective their might be some problems that could arise from the following statement, â€Å"A material weakness is a control deficiency, or a combination of control deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.† I would recommend the CEO or CFO to take action fix the internal control problem because they could face jail time for making statements that were not true. .† CBI should base their guidelines set forth by the Committee of Sponsoring Organizations of the Tread Way Commission(CSOTWO). CSOTWO is joint inivate five private sector organizations devoted to providing leadership through progress and guidance on enterprise risk management, internal control and fraud dictation. This is a great way for C BI to improve the internal control process. References Free Dictionary(2013) http://legal-dictionary.thefreedictionary.com/Sarbanes-Oxley+Act+of+2002 Investopedia(2013) http://www.investopedia.com/terms/h/horizontalanalysis.asp#axzz2Hh4rgfuE True Bussiness(2013) http://truetobusiness.com/finance/ratio-analysis Wikipedia(2013) http://en.wikipedia.org/wiki/Internal_control

Military Rule

Many third world countries have been under military rule from time to time, for many years. The reasons behind this are many, and are complicated and interconnected. A military dictatorship gets established when political power rests with the military. Developing countries are so called because they are still in the process of development. These areas of development include economy, financial planning and budgeting, setting up of a working administrative machinery, a working constitution, a functional system of government, a system of institutions of education, a system of health, so on and so forth. Altogether, developing countries lack a lot of basic tools needed for proper functioning of a country. Civilians in general are disillusioned with life. There is widespread poverty and illiteracy. Flaws in the working of the system ultimately result in major problems for the common man. Neither is the health system strong, nor the education. The government usually does not provide for even the basic needs. People generally have large families, with no regular source of income. Since literacy is low, most people have confounded and obscure views, and do not understand the working of the system. People get frustrated, and blame the government for not providing for them. As public support begins to crumble, the administration gets weakened. In developing countries, politics is frequently a monopoly, handled by the rich few. Laws and rules can be bended and twisted as desired. And so this ‘feudal’ system of government results in economic and social collapse. Crime rates go on increasing, along with a host of other illegal activities. In the absence proper jobs, ordinary people turn to illicit ways of obtaining money. These are just some of the main problems. In case of a threat from another country, or a natural disaster, or food shortage, matters get worse. Often governments succumb to ill advised measures. And so goes on the cycle. Military rule comes in the absence of a strong government. There are many inter-related factors behind the prevalence of military rule, especially in third world countries. A weak civilian government can be disbanded easily, without much force. Historic examples of military rule include the Greek ‘Sparta [7]’ The ideology behind military rule is one based on discipline – the one thing a developing country lacks. Militarism is generally the belief of the far-right [7]. Under military rule, everything is under strict control of the army, and civilians are subservient to it, whether they like it or not. Civilian rule on the contrary advocates complete freedom, along with organized plans for social and economic development and establishment of diplomatic relations with other countries [7]. Militarism can also mean Martial Law [7]. When a normal judicial system is replaced by military rule, it is called martial law [7]. It is used mostly by authoritarian governments [7]. Earlier, it was imposed in times of war, or territorial occupation, to deal with trials of prisoners and soldiers [7]. It was also used by those countries with expansionist and imperialist policies [7]. Today, in developing countries, it is the easiest tool to bring a distraught and a disorganized society under control. Martial law trials are short, and usually severe when compared to normal court trials [7]. Many counties have now shifted to another system, in which a country is said to be in a ‘state of emergency,’ in place of martial law [7]. Martial law also gives the government the liberty of detaining anyone it thinks is a threat to national interest or security, even without adequate proof.   Media and press freedom is also under strict control. The few leading the hegemony can make decisions without hindrance, keeping the public and its opinions at bay. Under military rule, a country’s population has no say in any matter whatsoever. Without a parliament, all decisions are directly made by the autocrat and his collaborators, without the approval or disapproval of ministers. Think a little deeper, and it seems as if a country comes to an economic and social standstill if under military rule. This is exactly what most developing countries go through. One coup after another and the country lags behind even in the basic amenities of life. Egypt, for example, has been under martial law on and off from 1952 [7]. Gamal Abdel Nasser was the president of Egypt from 1956 until his death, in 1970 [7]. Algeria spent three decades under military rule (1965-1994) [7]. Mohammad Al-Gaddafi has been the de facto head of Libya since 1969. Nigeria has also been caught up in a tangle of coups. Adebowale, in his work criticizes the way military coups took to power, squandering money on lavish cars and houses, and turning into multi-billionaires overnight [10]. He also goes on to say that â€Å"Nigerians are mute because they are terror-stricken and know no other state [10].† He also states that â€Å"Several human rights activists continue to be unjustly detained [10].† Countries like Somalia, Sudan, Liberia, Philippines, Thailand, Ghana, Ethiopia, Bangladesh, Indonesia and Gambia have also been under military control often. Maureen Aung-Thwin criticized the undemocratic manner in which politics was run in Burma [9]. Uganda spent a decade under the rule of one man – Idi Amin [1]. As opposed to this, almost no first world country has been under military rule since almost 20 years. Military governments also justify themselves by claiming that it is important for political stability [7]. Military regimes tend to portray themselves as neutral and unbiased [7]. Though not always, military rule tends to have little respect for human rights, and often use force to silence their political opponents [7]. Another key factor is the convenience of having a military leadership, as opposed to the effort required for an elected one. Public choice can be conveniently ignored and new laws can be easily imposed. The general public is weak, with little or no voice of its own. With widespread illiteracy, public opinion can be suppressed, bribed, or even forced. The general public in developed countries, on the contrary is much stronger and aware of their due rights. Hunger for power and money make the entire system corrupt and fraudulent, with innumerable loopholes. With an influential background, anyone can come to power. High posts like those of governors and chief ministers are based on favoritism rather than open merit. Countries currently under military rule include Thailand, Myanmar, Egypt, Libya, Pakistan and Fiji [7]. If loosely stated, the three key factors behind prevalence of military rule in developing countries are the hunger for power and money, a large but weak civilian population, and convenience for the army. With just one man to make decisions, it gets very convenient for military personnel to run the country. In the end, it is the normal civilian population which suffers. In hopes of better prospects, people look forward to young and dynamic leaders, but in reality, the nation continues to live under a rigid and a totalitarian leadership. It is a widely believed notion that civilian rule is always better, long lasting, and makes a country prosperous. With free and fair democratic elections, the people themselves choose their leader, and so, everything falls in place, and the country can look forward to a brighter future.    Works Cited: Prince Adebowale, Samuel Abiodun, Nigeria: The Nation under Siege by Power Drunk and Ruthless Military Dictatorship,   1997 Aung-Thwin, Maureen, Burma: Political Economy Under Military Rule, (edited by Robert H. Taylor), 2001, New York: Palgrave (Global Publishing at St. Martin's Press), ISBN 0-312-23568-2. Birkhimer, William E, Military Government and Martial Law (third edition, revised), 1914, Kansas City: Missouri, Franklin Hudson Publishing Co. Chris, Alli M. The Federal Republic of Nigerian Army: The Siege of a Nation, 2002, Nigeria Malthouse, 9780231277 Fidel, Kenneth, 1975, Militarism in developing countries, Transaction Publishers ISBN 0878555854 Fink, Christina, Living Silence: Burma under military rule (politics in contemporary Asia), 2001, Zed Books Ltd. â€Å"Libya – History,† (2006, July 14), US Department of State's Background Notes, (Nov. 2005). Militarism, wikipedia, retrieved from: http://en.wikipedia.org/wiki/Militarism Olukotun, Ayo, Repressive Stat e and Resurgent Media under Nigeria’s Military Dictatorship, 1988-98, Nordic Africa Institute, (2004)      

Importance of Mathematics and statistics to Economics Essay

INTRODUCTION Statistics and mathematics are everything to economics. infact statistics and Mathematics, the economic field wouldn’t even exist. Economist need statistics to represent data, to track and store information, to identify trends, to attribute value and mathematics to calculate those figures.The way to look at the relationship between statistics and economics is that economics is essentially the study of human decisions and trends, and how these have a financial impact. Economists rely on information to form analyses, understanding and opinion on the human activity that they are scrutinizing. This information comes in the form of statistical data. Statistics is the core around which economic deductions are built. It highlights the relationship between figures that would otherwise be meaningless, and is key to economic analysis. An example of this would be an economist trying to analyze the performance of a car manufacturer over the period of a year. Figures that show the car manufacturer’s sales, profits, costs, and other important economic information would be relayed through the use of statistics. Although people would be right to argue that economics requires more than just statistics (for example, it also relies heavily on understanding and monitoring of sociological factors), it’s undeniable that statistics form an integral part of what economics is all about. Infact the Role of mathematics and Statistics to the field of Economics cannot be over emphasized as we look at the below outlines IMORTANCE OF STATISTICS Statistics is the area of mathematics we use to explore and try to explain the uncertain world in which we live. You may be familiar with the use of statistics in opinion polls and market research, but it is also central to the manufacture and testing of many products, and, in particular, showing that modern drugs used in the treatment of disease in humans and animals are effective and safe. USE FOR PREPARING ACCOUNT Statistical methods are used for preparation of these accounts. In economics  research statistical methods are used for collecting and analysis the data and testing hypothesis. The relationship between supply and demands is studies by statistical methods, the imports and exports, the inflation rate, the per capita income are the problems which require good knowledge of statistics.Statistics are everything to economists. Without statistics, the economic field wouldn’t even exist.

The habeas laws Essay Example | Topics and Well Written Essays - 2500 words

The habeas laws - Essay Example . The notable ones among these include the Vietnamese war, the war with the Iraqi government under the strong leadership of the famous President Sadam Hussein, the war against Osama bin Laden and his Afghanistan based terrorists group, The Al Qaeda, commonly known as the war on terror are some of the most recognized wars that the America government has fought since the end of the cold wars. The war on terror against the terror group of Afghanistan under the leadership of Osama bin Laden begun as a result of the bombing attacks on the twins tower and world trade center in Washington DC which led to the death of hundreds of people, dozens escaping with injuries of various degrees and thousands around the world grieving for the loss of their loved ones, friends and relatives. Over seven hundred prisoners have been captured In relation to these attacks, a couple of them have been tried and released without fines while some of them, around 169 are still serving jail terms in GITMO, a prison inside a U.S. naval base at Guantanamo Bay, on land leased from the government of Cuba. The bush administration chose on this land for the detention of these prisoners in order to escape the legal challenges that would arise from the supreme courts of America questioning the authenticity for the indefinite detention of the prisoners of war by the bush administration contrary to the requirements of the habeas corpus laws which gives rights to the detainees to be heard before detainment. The habeas corpus laws states that, any persons detained by the government is entitled to a judicial hearing to determine if there is any legal basis for their detention, that is, the law protects any detainee from detention lacking sufficient cause or evidence which is in line with articl e 1, section 9 of the constitution of the united states of America which states that â€Å"The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it." (Jackson, 2006, 312) This paper will examine the right of habeas corpus in the context of the war on terror on the bid to offer protection to the detainees at GITMO and it origin development and existence in the American and British context today. The general meaning of the right of habeas corpus in the U.S. Constitution The habeas laws found their way into the American constitution through the suspension laws defined in the constitution of the United States of America which included the common laws of England. As a result this law was supported by the enactment of the article 1 section 9, clause 2 of the constitution demanding that â€Å"The privilege of the writ of habeas corpus shall not be suspended, unless when in cases of rebellion or invas ion the public safety may require it." (Turner, 2002, 115) Carpenter notes that from the onset of this enactment, the constitution of the united states accords every person an undisputable right to make a plea to the federal courts for the summons of habeas corpus in case of any form of detention filled as pro se cases whereby the government is usually called upon to answer before the court the logical reason behind the arrest and detention of an individual by state authorities (Carpenter, 1902, 25). The habeas laws were then transmitted down to the individual state governments which as well allow their respective citizens to petition the state authorities in their own state courts with respect to their individual state constitutions when they happened to be sentenced by the state authorities. The federal habeas did not apply to those under police custody even up to the time of the war on terrorism. In order to ensure that state courts implement the federal

MODERN AFRICAN HISTORY Essay Example | Topics and Well Written Essays - 750 words

MODERN AFRICAN HISTORY - Essay Example With the invasion of Spain, agriculture, engineering, mining, scholar ship, industry, architecture and industry was brought to it. This made Spain a learning center in Europe for many hundred of years. Next, Egypt was in the line of invasion. It was in 11th century, when the Arab culture dominated the Berber culture (Diop, 41). The influence of Arabic language and Islam made strong roots in Northern Africa. Islam is further spread towards South, West and East Africa. The result is that within short span, great civilizations are born in the continent of Africa. The trade, institutions for scholars seeking knowledge, riches of gold, salt trade was present at that time. Architecture developed, societies flourished, African culture mingled with Islam to give a legacy of rich history to the world for later people. Ibn Battuta visited Africa and was impressed with its immense culture and advance society. He was impressed with the beautiful Alexandria’s busy harbor. He described the pyramids as firm carvings of stones with great height. It was wider at the base while slowly narrows upwards. When he came to east Africa, he landed at Zeila which was the harbor of Christian Kingdom of Ethiopia. He felt that Zeila was the dirtiest town in the whole world. He further tells us that the stench in Zeila was due to blood of camels that were butchered and the quantity of fish. About the Swahili, he writes that kings, intellectual, officers, as well as port workers, agricultural workers, artists and slaves were black people who spoke African languages in their daily life. On slavery he writes that the ruler of Kilwa was a very generous and kind king. He further states that he was man of great human morals who used to eat with his poor brothers and respected everyone (Diop, 61). When he visited West Africa, he first visited Cairo. He wrote about Cairo as being a city which spent gold in its market. He also wrote that at that time West Africa produced almost two

Oxford castle development Assignment Example | Topics and Well Written Essays - 1000 words

Oxford castle development - Assignment Example All parties must be aware of financial budgets, regulatory controls and legal constraints. All goals and needs of the clients must be met. Challenges may arise due to different interests of the project partners. Public sector bodies hold the interests of the local community [OCC, OC] and/or the site’s heritage [EH, OPT] as their main priority. Commercial businesses such as the TOP on the other hand, are profit driven. The needs of all parties must be balanced by the project manager in order to represent the interests of all clients. The land is owned by OCC and the site of Oxford Castle and the ancient county gaol is an ancient scheduled monument containing 14 listed buildings and structures (English Heritage, 2010a). The project manager must ensure that developers work within the strict heritage guidelines of EH for listed buildings and scheduled monuments (English Heritage, 2010b) and meet the requirements of the land owner [OCC] and other public bodies. Problems may also arise in making listed buildings accessible to the disabled when EH refurbishment regulations conflict with accessibility. Funding must be secured and the roles of financers securely defined to enable the procurement of resources and contractors. The project manager must oversee organization of the project workforce, serving tenders for contracts. Specialist contractors such as historic building surveyors will be necessary to meet public body regulations. The project manager may also oversee the securing of tenants for commercial properties. All development contractors and tenants must adhere to all relevant building restraints and regulations posed by public bodies. Manage the entire project planning from inception to finish. The project schedule, budget and any anticipated future needs, foreseeable obstacles and resultant project alternatives must be planned in the preliminary stages. Budget authorization cycles/finance release

The role of salt marshes in the coastal system Essay

The role of salt marshes in the coastal system - Essay Example Since salt marshes are shallow areas, the plants that exist in salt marshes are those that can adapt to the tidal changes in the volume of water. The water waves that make it to the salt marshes carry with them tons of organic material which accumulate overtime to form peat. There are many varieties of salt marshes namely: low marsh, high marsh, panes and pools and upland border. Apart from providing thick vegetation, salt marshes are also amongst the most productive ecosystems in the world (New Hampshire Department of Environmental Services, 2004). Role of Salt Marshes in the Coastal System: Salt marshes are sometimes referred to as tidal marshes, the reason being that salt marshes are found in zones between high and low tide. Salt marshes thrive well along the coastal areas because the vegetation is not sturdy enough to withstand strong waves, therefore towards the coastal areas, where the intensity of the waves is reduced to quite an extent, salt marshes thrive (Casagrande, 1997). Salt marshes serve many purposes, namely; they cleanse pollutants from marine water, provide a habitat to many marine species, provide a barrier against soil erosion, provide a source of refuge for the vulnerable marine species, salt marshes are rich in organic matter therefore they form a food chain for the marine life and also provide good nutrient value for the vegetation in the salt marshes (Department of Environmental Protection: Florida Marine Reseach Institute, 2010). Let us throw some light on the varied roles of salt marshes: Remove Pollutants from the Water Since the speed of the waves reduces considerably by the time they reach salt marshes, many suspended particles that are otherwise carried away by the waves throughout the sea, tend to settle. These suspended particles sometimes comprise of toxic nutrients from human activities, thus by allowing them to settle the salt marshes play a key role in cleansing the water of toxic sediments. The thick vegetation helps in slow ing down the waves which in turn causes the particles to settle. Furthermore, during the months of summer and spring the salt marshes’ plants take up the nutrients which if left in the water, would turn into algae, further polluting the water by causing â€Å"Eutrophication† and thus depleting the oxygen supply of the water (Cloern, 2007). The toxic contaminants which are settled by the salt marshes form peat which results in the removal of these toxic substances from the marine food web. Moreover, the microbes present in the salt marshes tend to remove nitrogen from the ecosystem (Edwards, 2010). This is beneficial even to the surrounding eelgrass. The reason behind this is that the existence of high levels of nitrogen encourages the growth of phytoplankton. Phytoplankton refers to microscopic organisms that live in water (Lindsey, 2010). This phytoplankton, when in excess blocks the sunlight which is needed for eelgrass to thrive. Therefore, the presence of salt mars hes also benefits eelgrass. Harbour Marine Food Chains The excessive nutrients found in the salt marshes form food chains for marine species. Primarily, the plant matter that partially decays in the salt marshes forms a good source of food for marine species in the deeper waters. This decayed vegetation is taken away by the tidal waves into the ocean where it becomes the food of many marine animals. A two way process runs between aquatic

The Fallacy of the American Dream. The Reservation Cab Driver and Essay

The Fallacy of the American Dream. The Reservation Cab Driver and Mexicans Begin Jogging - Essay Example Of the 300 million American citizens, close to 50 million of them do not have basic health insurance. This is such a travesty in a country that is the sole superpower and the most prosperous. With the onset of the latest episode of economic recession, the unemployment rate has touched an alarming 10 percent. The main characters in the two poems have highly insecure jobs and barely scrap-by for a living. Living hand-to-mouth on a perennial basis, the attainment of American Dream is a distant and implausible reality for these people. The Reservation Cab Driver is a man of Native Indian origin, whose rickety Malibu 65 also doubles up as his house. His rights for a basic social security blanket are taken away by the same government agencies such as Bureau of Indian Affairs and HUD, that were meant to provide benefits. Living a nomadic life as a Reservation Cab Driver and working 24 hours a day he cannot yet earn a subsistence wage. His condition typifies the status of Native Indians as a whole. Once the rightful inhabitants of the vast American continent, the arrival of European colonizers put an end to their peaceful existence. Ever since, nearly the entire population of Native Indians have been wiped out, with few remaining descendants such as the Reservation Cab Driver still struggling for survival. (Alexie, 2011, p.173)

Case study Example | Topics and Well Written Essays - 500 words - 22

Case Study Example In 2008, the Manager of SGSB was anticipating to organize meetings to find organizations to collaborate with to resolve issues the graduate school has been facing. The meetings were very vital and the results would determine whether the school came to closure of continued operating. SGSB is vital as it offers management courses all over Bosnia and six other republics in the region. SGSB is located in a region previously affected by warfare causing hostility between residents and even splitting of the former Yugoslavia into regions, one of them being Bosnia. With the end of Civil war, Bosnia was in a dire condition as most assets were looted or ruined. Sarajevo, another resultant region was a great rival of Bosnia. After NATO intervention, the war concluded leaving vast economic and cultural effects. The economy of post war Bosnia was in severe need for intervention, which resulted in international aid. This crippled the economy further since the locals focused less on being productiv e (Laux & Stocker, 2010). Sponsors of SGEB realized the great need for educational business and intervened. The move to establish SGSB, a multiethnic institution was delightful, as it would enhance unity among Bosnians through collaboration during studies and in doing business. Since UD was not legalized to offer degrees in Bosnia, it collaborated with University of Sarajevo Faculty of Economics and Business, also to improve on availability of the teaching potential, as well as administration. Stocker, the manager of SGSB was prominent and competent, as he had worked with organizations such as FLAG, which had now collaborated with USAID and UD in the project. FLAG was responsible of providing managerial support. From 2004-2007, SGSB was able to train 100 graduates with faculty support from UD and local institutions (Laux & Stocker, Web). However, by 2007 the program faced challenges since UD focused much on

Profile Interview Essay Example | Topics and Well Written Essays - 500 words

Profile Interview - Essay Example James is an active member of the electronic literature organization and the participant of numerous conferences, concerning the questions of place of literature in the system of modern education. According to the minds of the interviewed observers, and James’ friends, he does not look his age, due to the athletic constitution and attractive appearance. Moreover, most of people find him good-looking as he has big blue eyes and dark curly hair. I had a wonderful opportunity to plan our meeting and interview him about his life. We met in a small cafà © in the center of the city. The content of the interview: Hello, Mr. Brody, it’s nice to see you. As you are a person with an active and positive life position, I would like to ask you a few questions about your biography. And the first one concerns the place of your birth. Can you tell something interesting about it? Hi, I’m not sure if there’s something really exclusive you can find about my life! Anyway, I was born in the USA, Minneapolis, State Minnesota. The life in this state was not easy for my family. There were five of us: my parents and 2 elder brothers, so we lived quite poor, as my father worked as a general laborer and did not earn a lot of money. However, we loved this city as even at that time it started to apply the features of modernization. There was one, when my elder brother John brought a puppy from the street in the evening. We knew that parents would not allow us to keep it, so we decided to hide the puppy and left him in the closet near our room. It was very funny, as the barking was heard all over the flat. We were exposed in fifteen minutes, but the puppy stayed. We called him Fluffy. Of course. My family respects the traditions, especially celebrations, which gathered all of us around the table. One of those was the celebration of Christmas. Each person in the

Economic and Political Systems of Cuba Essay Example for Free

Economic and Political Systems of Cuba Essay The Economic System in Cuba is known to be communism. Communism can be defined as a scheme of equalizing the social conditions of life. This system considers the termination of inequalities in the possession of property as well as the distribution of wealth equally to all individuals. Therefore, the means to achieve this is by the collectivization of all private property. By extension, collectivization is the process of forming collective communities where property and resources are owned by the community and not individuals. Freedom of expression is also mediated by the state. Communism is a system that usually is unsuccessful however, the only way that communism may be achieved is if every single member of a communist society is in complete agreement with the arrangement which was mentioned above. In early Cuban Political history, there were various communist as well as anarchist organizations for example the Communist Party of Cuba which was initiated in the early 1920’s by Julio Antonio Mella, Carlos Balino, Jose Marti and Fabio Grobart. It was then later led by both the first secretary and secondary secretary: Fidel Castro and Raul Castro respectively. In Cuba, no other political party other than that of the Communist Party of Cuba is allowed to be formed in the fear that a non – communist party which will be funded by the United States of America would intervene and claim Cuba’s independence. In comparison to other ruling communist parties around the world, the communist party in Cuba retains a stricter approach and adherence to the tradition of Marxism – Leninism and the traditional Soviet Model. In addition, the Cuban Political System is described as authentic which is based on the unique history of the struggle for equality amongst individuals as well as independence. Cuba is a republic with a centralized socialist system with a structure of the State of Republic of Cuba as follows: * National Assembly of People’s Power * Council of State * Council of Ministers * Provincial and Municipal Governments * Judiciary System

Pfizer Essay Example for Free

Pfizer Essay Pfizer has new technology that helps to access the system easily. They have a smart card consisting of proximity device so that as a person walks near a computer, there is a signal emitted by smart card which verifies you. There is use of pin number so that no one can use another persons card and pin number is used in other parts of the company such as making charges at cafeteria and accessing the building physically. When Pfizer is deploying information system, they take their time to cooperate with people who do business in order to know the risks involved in storing and transferring information. They do not under protect information or overprotect it. Business can be impeded by overprotecting information which can make security be thrown out. They partner with information technology and business in order to protect business, offer quality products and services and make profit. (Betancourt, 2002 pp19-21). Describing policies and measures used by Pfizer to ensure confidentiality, availability and reliability of data and information Confidentiality of data is ensured through a system that employs cryptography such as public key and symmetric key in order to encrypt and decrypt information and data. There is an entity that reads sensitive information and data and the key represents a secret property. To ensure availability of data and information Pfizer has prescription coverage to ensure access to its medicines that are new and widely prescribed. Through number 866 706 2400, there are live operators to guide patients according to their needs and the programs for public assistance according to medical needs and income. The reported outcome of patient’s measures determines how treatment of a disease affects patients. To ensure there are results that are useful clinically data gathered must use reliable cognitive psychology, clinician and patient input. This is done by determining the purpose of patient reported outcome in order to demonstrate its reliability. (Nurss, 1998 pp11-12). How Pfizer organization protect loss of data In order to avoid loss of data, Pfizer protects privacy of information collected from external organizations through online opportunity process of submission which supplements privacy policy of Pfizer which can also apply to personal data and identifiable information. For Pfizer to ensure personal data is secure, it uses data customary that protects electronic and manual processing. Security technology in online opportunity ensures securities that avoid loss of data, misuse of data, unauthorized disclosure, destruction and alteration of data. Steps taken to ensure data remain accessible in event of catastrophic event such as fire and other natural disaster Actions are taken to lower exposure to risk arising from hazard to safeguard development efforts. Developing systems for early warning helps in reducing risks and having capabilities to respond to catastrophic events. Disaster recovery is used in recovering information in event of catastrophe. Disaster recovery planning is devoted to prepare for action to respond to catastrophic event. Assessment in disaster recovery is simulating catastrophic event and planning for disaster recovery in order to have recovery need that are specified. Plan for disaster recovery state duration the recovery should take and the state of data expected by the users and management need to be informed all the time of these specifications which are substantiate by recovery assessment. Things I think Pfizer could do to further enhance information security  There should be enough circulating space inside the organization so that staff can move around freely without use of lifts. Employees should avoid calling their colleagues using phones but instead use face to face communication about information concerning the organization and cellular office space should help to make communication easy. Government should take action to develop mechanisms for sharing information with private sector by engaging private sector actively in determining requirement of information and having a partnership that is based on trust. ( Parker, 1996 pp21-23).

Management Accounting: Information for Decision-making

Management Accounting: Information for Decision-making Management accounting information should comply with a number of criteria including verifiability, objectivity, timeliness, comparability, reliability, understandability and relevance if it is to be useful in planning, control and decision-making. Explain the meaning of each of the criteria named above and give a specific example to illustrate each. Give a brief explanation of how the criteria detailed in (a) might be in conflict with each other, giving examples to illustrate where such conflict might arise. Question 2 : (Information for decision-making) The overriding feature of information for decision-making is that it should be relevant for the decision being taken. However, decision-making varies considerably at different levels within an organization, thus posing a particular difficulties for the management accountant. Describe the characteristics of decision-making at different levels within an organization. Explain how the management accountant must tailor the information provided for the various level. Question 1 (a) Management accounting information should comply with a various number of criteria including verifiability, objectivity, timeliness, comparability, reliability, understandability and relevance if it is to be useful in planning, control and decision-making. Below we are discussing about the criteria needed to achieve its natural reason which is for planning, control and decision- making. The first criteria of management accounting information is verifiability. It means the ability through consensus among measurers to ensure that the information represents the purposes and the right method of measurement has been used without any errors or bias. It also means that it is observable to outsiders, in the context of model of information. Verifiability refers to the ability of accountants to ensure that accounting information is what it is meant to be. The outsiders cannot see the accounting informations and the references to those variables in a contract between the two parties cannot be enforced by outside authorities. An example of verifiability is that of two accountants looking at the same information like inventory valuation and coming to similar conclusions. There are three key aspects in verifiability. The first aspect is consensus among observers. The second one is the assurance of correspondence to economic things and events. The third key aspect is direct verifi cation versus indirect verification. Besides that, objectivity is another criteria that is also another useful aspect in planning and making decisions. Most accountants these days rely on verifiable evidence. Example of verifiable evidence are invoices, delivery notes, receipts, physical counts or even financial statements. By practicing objectivity, it is now possible to compare financial statements of different firms with an assurance of reliability and also uniformity. In another words, when the management accountant is providing information to the top-level management, they should provide the accurate result without altering or changing anything so that the manager will be able to make a accurate decision without being influenced by anyone. Moreover, Timeliness is one of the important parts for management to balance the relative merits of timely reporting and the provision of reliable information. Timeliness is concerned with having information to meet needs of decision makers before it loses its capacity to influence decisions. More accurate information may take a longer time to produce. Thus, to provide information on a timely basis, it may often be necessary to report before all aspects of management accounting transactions or any other event. Example, a firm may test-market a potential new product in a city. Despite a long wait for the accurate marketing report may cause a slight delay in the managements decision to launch the new product nationally and the information will be useless to the decision making process. Thus, it is one of the managerial accountants role in the decision-making process which will decide what information is relevant to each decision problem and provide accurate and timely data. Not forgett ing that its a conflicting criteria. Delaying information can significantly influence decisions and can rob information of its potential usefulness. Timeliness can have a direct impact on stock prices. Late reporting can represent bad news or a negative forecast. If the delay is great, it allows the opportunity for more information to be reported and to be supplied or maybe even speculated on by other sources. The next criteria is comparability. This criteria helps us to compare the financial statement of an entity through time in order to identify trends in its financial position and performance. At the same time, this criteria also helps to evaluate and compare the financial statements of different entities. It provides information about a particular entity that can be compared with information about other entities and with similar information about the same entity for some period or some other point of time. For an example, the management accountant should prepare the accounting information in a consistent way using historical concept for every year so that it will be much easier for the company to make comparison with the past accounting information or related entities. The heads of the company must determine if they want comparability to be driven by the type of instrument or other factors such as management intentions and industry segments. For an example, financial service, software and also manufacturing. Another criteria which is also needed is reliability. It is the quality of information that assures that information is reasonable free from any errors and are bias and faithfully represents what it purports to represent. It related to faithful representations and verifiability. An aspect in the context of reporting for financial instruments is the reliability of measurements including relevant disclosures about such reliability. For example, the staff has observed that many constituents seem to equate reliability with verifiability, not representational faithfulness. For purposes of discussion at this meeting, the staff plans to collect those sub-characteristics into three groups. The first one is, Faithful representation, including completeness and substance over form. The second one is verifiability, including precision and uncertainty. The last one is neutrality, including freedom from bias, prudence, and conservatism. The second last criteria is understandability. It relates to the users perspective and financial informations that are useful. It could be increased by reducing complexities for users through reporting information that represents the underlying economics, or by reducing the number of alternative accounting methods applicable to a subset of asset. Informations that increases the understandability are definitely very useful. Understandability is known as when the users have a reasonable knowledge of business and economic activities and accounting and a willingness to know more the information with reasonable diligence. Information about complex matters that should be included in the financial statements because of its relevance to the economic decision making needs of users should not be excluded merely on the grounds that it may be too difficult for certain users to understand. For the example, management accountant should prepare the accounting information or summarize of the report and analysis that easily understood to the decision maker in order to let them easy to make final decision. One other noteworthy aspect of the interaction of the financial statements and Management Commentary is the understandability of the information provided in the financial reports. Understandability can be adversely impacted by placing related information in different parts of a report and not providing the user with a cross reference. If the IASB does add guidance on Management Commentary to its existing guidance on financial statement disclosures, this would provide an opportunity to better integrate related information. The last criteria is relevance. It is also very important in the planning, control and decision-making. Relevance is the capacity of informations that are needed to make a difference in a decision by helping the users to form predictions about the outcomes of the past, present and future events or even to confirm or correct prior expectations. Relevance may be represented by determining which values assigned to financial instruments allows user to make better decisions based on the information provided to them. Informations may be deemed more or less relevant based on which measurement basis is being used. Different decisions basically will require different type of data. For example, an analysis on a project should not have any information on indirect costs because it is not relevant for making decision of the project and should include any prime cost because it is relevant cost for the decision-making. Question 1 (b) Management accounting information is used to satisfy the management needs. Those informations are useful for planning, controlling and decision making. However, these criteria also face conflict amongst one another. Conflict simply refers to the incompatibility or interference of ones idea, event, or activity with another. In this case, the conflict between criteria will happen when satisfying a criterion affects another criterion being difficult to fulfill as they are in collision with each other. They are few types of conflicts involved. Below are the conflicts. Relevance vs Reliability Relevance and reliability are two important criteria which are needed while making a decision. However, often there are some conflicts occur because of these two conflicts, requiring a trade-off between various degrees of relevance and reliability. A forecast of a financial variable may possess a high degree of relevance to investors and creditors. However, a forecast necessarily contains subjectivity in the estimation of future events. Therefore, because of a low degree of reliability, generally accepted accounting principles do not require companies to provide forecasts of any financial variables. Reliability and relevance often impinge on each other. Reliability may suffer when an accounting method is changed to gain relevance and vice versa. Sometimes, it may not be clear whether there has been a loss or either on relevance or reliability. The introduction of current cost accounting will illustrate the point. Proponents of current cost accounting believe that current cost income from continuing operations is a more relevant measure of operating performance than is operating profit computed on the basis of historical cost. They also believe that if holding gains and losses that may have accrued in past periods are separately displayed, current cost income from continuing operations better portrays operating performance. The uncertainties surrounding the determination of current costs, however, are considerable, and variations among estimates of their magnitude can be expected. Because of those variations, verifiability or representational faithfulness, components of reliability, might diminish. Whether there is a net gain to users of the information obviously depends on the relative weights attached to relevance and reliability (assuming, of course, that the claims made for current cost accounting are accepted). Comparability vs Consistency Comparability is another important criteria for planning control and decision making. Comparability which enables users to identify similarities in and differences between economic phenomena should be distinguished from consistency; the consistent use of accounting methods. Concerns about comparability or consistency should not preclude reporting information that is of greater relevance or that more faithfully represents the economic phenomena it purports to represent. If such concerns arise, disclosures can help to compensate for lessened comparability or consistency. Timeliness vs verifiability Timeliness and verifiability is needed all times for decision making. Information is useful when it is timely. To be timely, the information must be available when needed to define problem or to be begin to identify possible solutions. Those criteria might conflict with verifiability. It is because when needed verifiability information, it may take time to calculate or to get it after production process is end. Verifiability is the useful information when it is accurate. Before relying on information to make decisions, it is important to ensure that the information is correct. For example, a production manager has to decide the actual amount of lychee to be used in produce of 10000 units of lychee drink. But, because of the time given is limited, he has to prepare the report to the top management by forecasting the amount of lychee that will be used. Although he has meet the criteria of timeliness, he is might not meet the criteria of verifiable. This is because, he did not use the a ctual amount of lychee that will be used. This might cause some problems to occur during the production process. The cost of lychee is lower or others factors. When the production has come to an end, he will be able to know the actual amount of lychee that was been used. So, there is a conflict between timeliness and verifiability. Timeliness vs reliability Another conflict is between timeliness and reliability. Information is said to be reliable when they incorporate all aspects of a transaction as well as other events in order to facilitate users in deciding on any issue regarding the latter. However, most of the times in providing timely reporting, those aforesaid transactions or events are never taken into account as it occurs after the report is prepared and thus impairing reliability. In interest of timeliness, the reliability of the information is sacrificed, every loss of reliability diminishes the usefulness of information and as time pass, and either the reliability of the information drops or increase accordingly. For example, the material supplier decides to supply only one of the Material A. Company Y is very interested and is capable to buy the Material A. The supplier is interested on selling the Material A to Company Y, but there is no contract signed between them. As time passes, the supplier received an offer from Comp any Zs, with a higher price and shorter time compared to Company Y. Therefore, Material A is selling to Company Z and Y loses the Material A. Company Y is reliable on material supplier to get the Material A yet the supplier needed to sell the Material A in a shorter time to get the profit. So, supplier decides to sell it to Company Z. Thus, the criterion of timeliness is conflict with criteria of reliability. Question 2(a) The process identifying problems and opportunities and resolving them is called as Decision Making. Decision making is intertwined with the other functions such as planning, coordinating and controlling. Decisions are made in order to change the companys current status to a more desirable state of affair. Managers, teams, and individual employees make company decisions, depends on the scope of the decision and the design and structure of the organization. Organizations which have decentralized structures will delegate more decisions to teams and front-line employees. Programmability, uncertainty, risk, conflict, scope, and crisis are the characteristics of decision making. Programmability is divided into two. They are programmed decisions and non-programmed decision. Programmed decision means identifying a problem and matching the problem with established routines and procedures for resolving it. Whereas, the non-programmed decision is the process of identifying and solving a problem when a situation is unique and there are no any previously established routines or procedures that can be used as guidelines. Uncertainty also has two types. They are certainty and uncertainty. Certainty is the condition when all the information is needed to make a decision. However, uncertainty is the condition when the information available to make a management decision is incomplete. Risk is the level of uncertainty as to the outcome of a management decision. Risk has positive and negative aspects too. Decision environment for risk vary depending on company size and culture. Those who work in entrepreneurial firm must be more comfortable with making risky decisions than those who work in large corporations with established procedures. Next characteristic of decision making is conflict. It is always hard to get everyone to agree about what to do. Conflict over opposing goals, utilization of scarce resources, and other priorities are often characterized in decision making. Decision scope is the effect and time horizon of the decision. The effect of a decision includes who is involved in making the decision and who is affected by it. The time horizon of a decision may range from a single day to five years or more. There are three different level of management. They are the top-level management, middle level management and the lower management. The top-level management takes the strategic decisions. The middle level management takes tactical decision. And the lower level management takes the operational decision. The top level management who makes the Strategic decisions encompasses a long term perspective of two to five years and affect the entire organization. Top level managers, or strategic manager are also called senior management and executives. They are those individuals who are at the top one or two levels in an organization. Examples of top level management are The Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operational Officer (COO), Chief Informational Officer (CIO), President, Vice President, Chairman and Board of Directors. They have the long-term vision for the company. They are not involved in day-to-day tasks need to possess conceptual skill so as to set the goals for the organization as a whole. For example, Jerry Yang, the former chief executive of YAHOO, was criticized when a $44.6 billion acquisition bid from Microsoft failed under his watch. They frame the organizational policy. They are also responsible for mobilization of resources. They generall y make large budgetary decisions for the company and are responsible to the shareholders and the general public. The success or failure of the organization rests on the shoulders of the top level management. Middle level managers are those in the levels below the top managers. Middle level management makes Tactical decisions which have a short-term perspective of one year or less and focus on subunits of the organization, such as departments or project teams. Tactical decision is the mixture of strategic decision and operational decision. Example of middle management is General Manager (GM), Plant Manager, Regional manager and Divisional manager. Middle level managers are responsible for carrying out the goals set out by top management with setting goals for their departments and other business units. Tactical decisions, the medium term decisions about how to implement strategy, are delegated to middle managers. Middle management decisions might include marketing a new product, communicating with and managing lower management and determining what issues need to be addressed with top level managers. Each individual middle management department develops a strategy to meet its inner departm ental goals. Lower level management makes Operational decisions which cover the shortest time perspective, generally less than a year. Operational decisions, short term decision or also called administrative decisions about how to implement the tactics affect daily tasks and generally handled by lower level managers. They are often made on a daily or weekly basis and focus on the routine activities of the firm such as production, customer service, and handling parts and supplies. Office managers, shift supervisor, department manager, foreperson, crew leader and store manager, are responsible for the daily management of line workers. For example, supervisor may decide to reward the most productive employee with an employee of the month award, or offer incentives such as gift certificates. The last characteristic of decision making is Crisis. Decision making during crisis is more challenging and difficult than under ordinary conditions. Making a decision in a crisis situation can make or break the career of a manager.   Question 2(b) A management accountants duty is to provide information to users who are part of the organization from various levels. However, different level of management has different information needs. Thus, a management accountant has to tailor the information for them. The first step that should be taken before the management accountant provides any type of information is that he should be clear and understand the company vision as the top, middle and bottom management of an organization. The top-level management is responsible for the long term strategis plan with strategic decisions for about 5 to 10 years time. Therefore the top management will create a mission, which will consist of a more specific goal that unifies companys efforts. So, the management accountant should prepare budgets for top management accountant to decide which projects have to undertaken to achieve the companys goals. Budget is a strategic plan that details the action that must be taken during the following year. It also pinpoint the responsibility of achieving the budgets to respective managers inline the company policies. For example, management accountant prepare the imposed budgets to top management before imposed to middle management to achieve targets. In the top-leve l management, a management accountant should be responsible for all or a part of a companys financial status, actions and transactions. The management accountant should also maintain budgets, perform financial analysis, build business strategies and also manage their relationships with investors and auditors. In middle management, they are responsible for developing and carrying the tactical plans to accomplish the organizations mission. Tactical plans specify how company will use resource, budgets and people to achieve company goals within its mission. In this level, management accountant will use various methods to decide the profit with minimum production costs. Profit volume analysis is one of the methods to calculate changes in cost and sales in determine the profit. Management accountant will calculate breakeven point where the level of sales of company needs to achieve at zero profit. After that, management accountant also prepared the report on scare resources which the supply of resources is limited by define the limit factor. Then, management accountant will produce the product that give higher contribution per limiting factor and take considerations of qualitative factors before final decisions is made. Final decisions is means whether to make or to buy the decision. It is situ ation where an organization is given a choice to produce by own resources or pay other organization to make the product. After management accountant prepare the information in form of cost volume profit, limiting factors analysis and decisions about activities either to buy or to make, middle management have to decide, carrying the tactical plans and delegating the responsibility of jobs to the operational management. In a summary, the types of information that a management accountant should tailor to middle-level management is like preparing financial statements, assess internal controls, supervise accounting staffs, complete and review tax returns and also help to manage the general ledger. Lower lever management is responsible to carry the operational plans where it is related to day to day plans in producing products or services. For example, management accountant will determine the economic order quantity for lower management to know the amount of inventory they should reorder order to minimize ordering cost and holding costs. Therefore, lower level management will order the maximum order. In the lower level, the types of informations a management accountant should tailor are receivables and payrolls, financial statement and compliance audit, help in the budget department and also prepare reports for the controllers department. Question 2(c) An example of a typical management decision is Strategic Decision. Strategic Decision would normally be taken at first level which is top management. A top management approach is one where an executive, decision maker, or other person or body makes a decision. This approach is disseminated under their authority to lower levels in the hierarchy, who are, to a greater or lesser extent, bound by them. For example, a structure in which decisions either are approved by a manager, or approved by his or her authorized representatives based on the managers prior guidelines, is top to bottom management. Top management translates the policy (formulated by the board-of-directors) into goals, objectives, and strategies, and projects a shared-vision of the future. It makes decisions that affect everyone in the organization, and is held entirely responsible for the success or failure of the enterprise Strategic decisions are broad based, qualitative type of decisions which include or reflect goals and objectives. Strategic decisions are non quantitative in nature. Strategic decisions are based on the subjective thinking of management concerning goals and objectives. Besides that, there are impact of mergers and acquisitions on top level management. Impact of mergers and acquisitions on top level management may actually involve a clash of the egos. There might be variations in the cultures of the two organizations. Under the new set up the manager may be asked to implement such policies or strategies, which may not be quite approved by him. When such a situation arises, the main focus of the organization gets diverted and executives become busy either settling matters among themselves or moving on. However, the decision maker must be well equipped with a degree or must have sufficient qualification to solve the problems that arises. Knowledge of management accounting is needed by the decision-maker to come out with relevant information. A part of that, there might be an impact on tax because of this decision made. The information provided not only for the inside people but also for the external people such as shareholders or supplier. On the other hand, top management will practises non-routine concept for all the activities held. Non-routine is known as nonrecurring decision such as the following to accept or reject a special order; to make or buy a certain part, to sell or process further, or to keep or drop a certain product line or division. In these types of decisions, the decision maker must have knowledge of relevant costs and contribution margin.

To Kill a Mockingbird by Harper Lee :: essays research papers

1. Show how at least two individual episodes, sections or events in your studied text held your interest as a reader. This essay will discuss how two individual events in To Kill a Mockingbird by Harper Lee, held my interest as a reader. The two individual events are Tom Robinsons court case and the pageant at Scouts school when she plays the role of â€Å"Pork†. I will discuss what techniques were used in both events and how they held my interest. Mayella Ewell accuses Tom Robinson, a black man, of raping her and Atticus, Scout’s father takes the case. Scout and Jem, Atticus’s children sneak to the trial so we, as the reader, find out what is happening through Scout’s eyes. Scout has seen many trials, so her knowledge of what is happening makes it easier for the reader to understand, therefore holding our interest and stopping us from getting bored when we don’t understand the law jargon. Harper Lee wrote the book in a way that he would keep us in suspense. This is especially shown when Atticus is questioning Mayella Ewell. Atticus asked Mayella questions and called her â€Å"ma’am† which was something she had never been called before so she didn’t react well. This made her flustered and also made her say that Tom Robinson had thrown her down and beat her up. After this Atticus made Tom Robinson stand up only for the audience to see that he had a crippled arm. It was moments like this that made us, as readers not want to stop reading because we wanted to know what would happen next. We wanted to know what else Mayella would say. Harper Lee creates the suspension by writing the conversation between Atticus and Mayella Ewell. Lee shows how educated Atticus is in contrast to how uneducated Mayella is by the different language they use. It makes it interesting for the reader and it helps us be able to show who is talking at what moment. At the end of the trial, Atticus has done a good job making the reader think that Tom Robinson will go free. When actually, the jury finds him guilty. Harper Lee does this to shock the readers and to make them want to continue to read to see what happens after the trial, therefore continuing to hold our interest. The second event holds our interest in a similar way to the first event.

Smithfield :: essays research papers

Strategy   Ã‚  Ã‚  Ã‚  Ã‚  Smithfield Foods is the largest hog producer and pork processor in the world. They produce 5.1 billion pounds of meats yearly. Smithfield products are sold in North America and 25 worldwide markets. These international acquisitions gave the company a strong hold on the market, upgraded manufacturing facilities, and the opportunity for growth. Smithfield began its’ expansion into foreign markets in 1998 when they made their way into Canada, France, Poland, and later on into Mexico.   Ã‚  Ã‚  Ã‚  Ã‚  Smithfield Foods headquarters are located in Smithfield, Virginia. However, most of the company’s operations are found in North Carolina. Their southern location enables them to give lower wages in order to have more competitive prices. The CEO, Joseph W. Luter III goal was to keep driving costs down in order to increase the sales. They want to continue this trend into the future in order to increase profits. Performance In 2002, Smithfield’s sales were 6.6 times where they were in 1993. In addition to this, net income was up 50 times the amount of 1993. The company quickly expanded, and in 2001 they raised 12 million hogs. That was 3.5 times the amount of their closest competitor. Expanding the business abroad was essential in the company’s growth. In 1995 net income was 27. 8 million. In 1999 net income was 94.8 million. That increase was the direct effect of international expansion. After the expansion abroad, Smithfield also expanded domestically which sent sales rocketing. By 2002 the company owned or leased facilities in North Carolina, South Carolina, Virginia, Utah, Colorado, Texas, Oklahoma, South Dakota, Missouri, Illinois, Mexico, Brazil, Poland, and Canada. In 2002 the net income was 197 million and the company secured its place as the top in the industry. External Audit There were many external factors that affected the company’s performance and were something that needed to be dealt with. Most importantly was the issue of waste in the environment due to the hog farming. The residents of eastern North Carolina were unhappy with the situation taking place. The smell of the city was beginning to become unbearable and it was affecting the lives of many people. The problem did not affect sales and income however it had become an issue of morality. Another external factor that needed to be dealt with was the availability of land to dispose of the manure. According to the reading, the hogs in eastern North Carolina generate 9 million tons of manure each year.

Sport Psychology: Mental training Essay -- essays research papers

Sports Psychology: A Relationship Between Mental Training and Sport Performance   Ã‚  Ã‚  Ã‚  Ã‚  James Dodson (1995) quotes Dr. Richard Coop, and says that he refers to sports psychology as â€Å"just mere helping people to clear away the mental clutter that keeps them from achieving their best† (p. 1). Dodson admits that as a golfer he has tried to break eighty strokes in golf, but did not succeed until he got help from a well-known sports psychologist. Before meeting his mental coach, Dodson tried to improve his game by buying expensive equipment such as oversized irons, gizmos, and lucky charms, but none of these worked. Once he started working with Dr. Richard Coop, he began to liberate his mind from its usual patterns and after a period of mental exercising, Dodson finally broke 80. â€Å"Dr. Coop emphasizes that golf is very much a brain game. The mind is a tool like any other skill a player possesses. But it’s often the tool most of us neglect to develop† (Dodson, 1995). Once the mind is in peace, our performance progresses.   Ã‚  Ã‚  Ã‚  Ã‚  Rebecca Lewthwaite (1990) points out that an individual’s motivation has a strong impact on physical performance ... therefore, â€Å"the process of mental training is the result of the meaning that the individual derives from situations, which arise from personal factors such as goals and perceptions of competency† (p. 1). Usually the performance of an individual is due to their motivation. More often than not, people tend to train with their mind unconsciously by visualizing improvement in their performance or visualizing the achievement of a goal or goals. Some athletes put the physical work in, but they also forget to work their mind. Body and mind have to come together to form a whole. Once the role of the mind and the physical aspect of the body have been mastered the performance of the individual will improve (Changing Times, 1986).   Ã‚  Ã‚  Ã‚  Ã‚  Some of the most interesting events and actions in sports are associated with the athletes’ will to engage in them. For example, Butt (1976) notes that, â€Å"Two people engaged in the same sports activity may behave in a similar fashion overtly, but each may react differently under the stress of winning or losing and may express different feelings when talking about his/her participation in sports† (p. 1). Such is the case of Keith Forman wh... ...2001, from Infotrac database. Dodson, J. (1995). The brain game. Golf Magazine, 37, (5), 20-23. Retrieved October 12, 2001, from Infotrac database. Galloway, J. (1998). Worryfree racing: seven tips to avoiding pre-race anxiety. Runner’s World, 33, (6), 42. Retrieved October 12, 2001, from Infotrac database. Hinkle, J. S. (1994). Integrating sport psychology and sports counseling: developmental programming, education, and research. Journal of Sports Behavior, 17, (1), 52-58. Retrieved October 12, 2001, from Infotrac database. LeUnes, A. D., & Nation, J. R. (1989). Introduction to sport psychology. Sport Psychology: an Introduction. Chicago: Nelson-Hall Publishers. Lewthwaite, R. (1990). Motivational considerations in physical activity involvement. Physical Therapy, 70, (12), 808-812. Retrieved from Infotrac database. Lynch, J. (1994). Think like a champion. Runner’s World, 29, (8), 50-56. Retrieved from Infotrac database. Lynch, J. (1996). Mind over miles. Runner’s World, 31, (6), 88-93. Retrieved from Infotrac database. Rosellini, L. (1987). In my mind I know I’m going to be a star. U.S. News & World Report, 102, (2), 58. Retrieved October 12, 2001, from Infotrac database.

Drawframe Machine

Introduction The draw frame in a textile mill is unavoidable in yarn spinning as fibers need to be kept side by side termed as parallelization of fibers in textile technology. This is done as we see that most of the fibers at carding stage are so fast that there is little or no fiber parallelization. Even though modern carding machines have using the auto leveler still there can be some unevenness along the slivers. These two issues will affect the quality of the yarn. The draw frame machine is the last machine which can improve the yarn quality in the yarn manufacturing process. The tasks drafting and doubling are the objectives of the draw frame machine in order to improve the fiber orientation and sliver uniformity respectively. Removal of hooks and dust also can be carried out by the machine, at a significant amount. Objectives To study the material path, objectives and drafting system of the draw frame machine. Procedure * Study the important parts and their function of the machine * Observed and draw the material path * Roller drafting system was observed * Compare the differences between modern and conventional machine Draw frame material path (picture) Tasks of the draw frame * One of the main tasks of the draw frame is improving the evenness over short, medium and especially, long terms. Card slivers fed to the draw frame have a degree of unevenness that can not be tolerated in practice. Doubling is the process of combining two or more slivers usually from carding engine to deliver a single sliver. In the draw frame 6-8 slivers are combined to give one sliver. During the doubling process it is expected that the non-uniformity is in the card sliver will be even-out and a uniform sliver will emerge. Drafting is a process where the weight per unit length of the input sliver is reduced. During the drafting process, fiber parallelization also takes place. The drafting and doubling processes are achieved by passing the slivers through rotating rollers. The fluted bottom rollers are steel rollers while the top rollers are synthetic rollers heavily weighted on the bottom rollers by means of springs. The bottom rollers are run at increasing speeds starting from the back rollers to the front rollers. In addition to the improving evenness, doubling also provides a degree of compensation of raw material variation by blending. The result is exploited in particular in the production of blended yarns comprising cotton/synthetic or synthetic/synthetic blends. At the draw frame, metering of individual components can be carried out very simply by selection of the number of slivers enter the machine * Dust is steadily becoming a greater problem both in processing and personnel involved. It is therefore significant to remove dust in every possible step in the process. Dust removal can only be carried out where there is fiber/fiber, fiber/metal friction. Since dust articles adhere relatively strongly to the fibers. A high performance draw frame with a sufficient number of suction point is a good dust-removing machine. * Sliver formation and coiling is also a important part of the draw frame process using sliver trumpet and calendar roller this functions were done. Differences of drafting systems between modern and conventional draw frame * Modern draw frame machine have helical flute where the conventional machine have horizontal flute. Conventional modern (horizontal) (helical) * In conventional drafting system 4/4 system is used where in modern drafting system 5/4 system is used. * In the modern machine the flutes are inclined and in conventional machine flutes are arranged in straight line. * In the conventional system lever type pressure arm system is used and in modern system spring load system is used. In addition to this the modern draw frame machine have the followings * Single prevention:- if for whatever reason a sliver get exhausted or broken the machine will automatically stop * Colour light system:-indication at which specific point the problem is in the machine which cause into stop * Red-mechanical problem * Green-sliver break * White-power on no run * Blue-over heat * Orange-no can * Automatic can changing:- the machine can be programmed to deliver a specific length of sliver on to the two can after which the cans are automatically changes to new cans. Discussion

There Is Nothing That Younger Generation Can Teach the Older One

There is nothing that younger generation can teach the older one Even though it seems that the older generation knows everything, the youth can still teach something new, because they can instruct elder in the subject of new technology, culture life and provide with incentive new ideas. First of all, the youth helps the elder with the technology of 21 century, such as different technical gadgets as laptops, IPhones, IPods, banks machine or techniques for housework and other.For example, my mom was always bothering my brother about how to work with a computer (sometimes it was really funny to watch how she was afraid of clicking the mouse). After some mild lessons, not only she knew how to work with Microsoft Office, but also did she know about how to register on such social network as  «Odnoklasnyky ». Secondly, a lot of people met such problem as generation gap, which is caused by lack of communication between young and older members of a family that is why the younger generatio n can instruct the older in aspect of youth culture, in order to solve the problem.As an example, there was a program on TV, where a grandfather and his grandson were banjo jumping together, whereas the grandfather was about 60 years old. And now he is going to climb a mountain in China because of the grandson’s influence. Eventually, the youth learn really fast and they are full of exciting ideas and enthusiasm as well, thus they aspire to be successful other people. For instance, there was a boy who at the age of 10 built a music player called the Synapse Media Player that used artificial intelligence to learn the user's listening habits.Microsoft tried to purchase Synapse, but he denied. Now everyone knows Mark Zuckerberg, who at the age of 20, created the social networking site Facebook. And now he reads lectures for those people who are much older than he is. On the whole, the thought that older generation has nothing to learn from younger generation is false. There will be always something to learn from the younger generation.

Safety in the Manufacturing Industry

Safety is the state of being free from harm or danger of any kind. Safety is usually achieved through careful planning and the removal of all vulnerable sources of danger or any other that are prone to arise. The first step in the management of any environment to ensure that safety is achieved involves the identification of the potential sources of danger. An array of all the panic triggers is usually made and each is tackled single-handedly. Failure to identify all the potential sources of danger may cause a lot of unforeseen harm (Stellman, 1998). In any workplace, there lie very many potential causes of harm and injury. The repercussions are likely to be very serious given that many places of work usually have hordes of people going about their business and most of the times many are oblivious of any form of lurking danger. In case of any accident that may occur, the number of casualties in many places of work is likely to be very high. The effects of such accidents can however mitigated by the careful consideration of all factors by the planners and the devising of ways to deal with the accidents prior to their occurrence. Many of the hazards that may occur in most working places and cause loss of lives and damage of property includes fire, floods, chemical explosions, release of poisonous gases and the risk of being shred by machines and being cut by very sharp objects (Moi, 1993). Manufacturing Industries: Manufacturing industries are the type of industries that are involved with the production of goods for the end user markets. Such industries produce these goods in large masses; mass production, and the raw materials are brought to these industries in bulk. A lot of machines and are used in various processes within these industries and a lot of manpower is also incorporated in order to increase the production by these industries. All the processes, right from the offloading of the raw materials to the packing of the finished products involve a lot of manpower and machines and many accidents that jeopardize the workers’ safety are likely to happen in any of these stages. Different manufacturing industries usually have different strategies of ensuring their employees’ safety and reducing the occurrence of accidents. Safety in the manufacturing industries: It is mandatory for all industries to ensure that their employees are safe and are free from any kind of harm in the course of duty at these industries. There exists a set of laws that govern how al industries ensure the safety of their employees while at work in the industries. The employees are also obligated to follow the policies, procedures and the directives that are set out in these laws, to the letter. They are also expected to be on protective gear provided by the industry at all times. They are expected to adhere to all the safety rules that are laid out by their employers. The employers are on the other hand expected to give directives to their employees that would be implemented in case of any tragedy and even put signs at strategic places within these industries. The signs must be brief and clear to the employees in order to avoid any confusion whenever there is an accident of any kind (Poltev, 1986). The Passing of the Safety Act: It is estimated that about six thousand workers in the USA die every year due to workplace injuries, another fifty thousand workers die because of exposure to workplace hazards and millions of others die because of non-fatal injuries sustained at their workplaces. This was estimated to be depriving American businesses about one hundred and twenty five billion dollars per year. The government is in all ways trying to curb the occurrence of such by ensuring the safety of every employee at his or her place of work. Safety at the workplace goes a long way to see the cultivation of a good and better job culture at the place of work. The Occupational Safety and Health Act (OSHA), was passed by the congress in 1970. This act was passed in order to ensure that each and every worker in the nation of USA was working under conditions that are safe physically and even health wise. Some states, however, have enacted their own laws to protect the workers from any physical or health risks at their places of work though they also do ensure that these laws are as effective as those set in the federal law. The OSHA covers all employees except those who are self-employed and public employees in the state and local government. Responsibilities of the manufacturing industries (employer): According to the OSHA website – www. osha. gov, the Occupational Safety and Health Act stipulates that: The manufacturing industry should provide its employees with well-maintained tools and equipment. This serves to ensure that the probability of the occurrence of an accident due to the ineffectiveness of the equipment. The industry officials should ensure that faulty equipment is replaced or repaired immediately to avoid any casualties of any kind resulting from any accident. The industry should also offer the employees with appropriate protective equipment and clothing in order to protect these workers from bodily harm from the various things that they handle within a day. This facilitates the reduction of the occurrence of accidents and the effects of any hazardous substances that the employee may come in contact with. The manufacturing industries must also take their employees for medical examinations prior to and after any activity that may be involving any hazardous substances (Rabinowitz, 2002). In case of any signs of infection, the treatment and medication should be administered on the patient immediately in order to lower the chances of the employee becoming severely affected. The employees should also be granted access to their medical and exposure records. Such records should always be at their disposal so that they can be always updated about their health status and take any personal measures necessary. The industries must provide training to their employees prior to handling any equipment that may be hazardous. The training should be done as per the standards set by the OSHA. This serves to ensure that the employees are well acquainted with the type of equipment that they use for any particular task that the employer bestows upon them. This kind of training also ensures that there is a reduction in the number of accidents that occur in these industries. The standardized training also ensures that there is uniformity in the way accidents are dealt with and this avoids confusion in case of such accidents occurring abruptly. Accidents should be reported to OSHA within the first eight hours of their occurrence. Those accidents that cause lots of casualties should also be reported within this period. Accidents that leave more than three people hospitalized should also be reported to OSHA within this same period. This facilitates the investigation and evaluation into the cause of the accident and the necessary measures are taken in order to reduce such accidents in future and thus increase safety in the workplace. The employer is also obligated with the duty of posting the OSHA poster (OSHA 3165), which informs the employees of their rights and responsibilities. No discrimination is allowed upon an employee who goes forward to address some grievances to OSHA regarding the workplace. The industries are also obligated to keep records of work-related accidents, injuries, illnesses and their causes. They should also post OSHA citations and abatement verification notices to a worksite. They should also abate cited violations within the set prescribed period. The Responsibilities of the Employee: The employee should review the employer provided OSHA standards, regulations and requirements in order to be well conversant with them and follow them accordingly and report any flaws in order to avoid accidents and other mishaps. The employee should also request for information from the employer regarding emergency procedures so as to avoid confusion at the time of tragedy. The employee should observe each and every directive accordingly (Harms-Ringdahl, 2001). The employee should try and grasp the safety and health training provided by the employer as per OSHA standards. Such training should be administered in cases where some toxic substances are involved. All other procedures set for emergencies should also be carefully studied. If carefully observed and followed to the letter, these rules and regulations can spare many lives and save lots of others in the manufacturing industries (Taylor and Hegney, 2004).