Persuasive Essay On Hunting - 795 Words

Hunting is what humans do daily in order to survive and it also keeps nature sustainable. But overhunting can hurt this balance and cause a chain of negative reactions that affect the entire planet. This has been an ongoing debate on whether hunting is sustainable or hurtful towards the environment. One can compare Aldo Leopold’s â€Å"Thinking Like a Mountain† and Rick Bass’ â€Å"Why I Hunt† to determine if hunting today is a safe practice. Aldo Leopold describes hunting as something dark and terrible. He describes it this way because he witnessed something within the wolf and that changed his mind about hunting. While Rick Bass opposes the idea. He believes hunting is a good thing for humans because it benefits the mind. The reason why Bass†¦show more content†¦Thinking like a mountain is not just worrying about the population of animals. It is about worrying about the existence of all the things, so that future generations can still take advantage of these resources. One place that has done an extraordinary job of maintaining the existence of several population of animals is the Yaak Valley. Yaak Valley is home to several predators and prey more than any other in North America. This was achieved because nature took its course of sustainability. In the wild there always needs to be a predator and prey. Yaak Valley displays how vital it is and how natural it is for animals to hunt. Rick Bass, in Why I Hunt, says, â€Å"In the Yaak, everything is in motion, either seeking its quarry, or seeking to avoid becoming quarry† (338). Hunting helps strengthen each animal’s instincts thus making it sustainable. However, the way we perceive hunting affects our decisions if we should have it. Leopold debates that we should not hunt because we often do not understand how the prey feels. He uses the word perceive to illustrate what he means. If one looks up the definition of perceive it is to realize. Leopold says that hunters fail to realize that by hunting they are not only hurting the animal but the ecosystem. In the words of Albert Einstein, â€Å"Look deep into nature, and then you will understand everything better†. This quote is something Leopold would agree with because he believes that humans are not doing so. For example,Show MoreRelatedPersuasive Essay On Hunting1573 Words   |  7 Pagesmay say hunting is cruel and barbaric, have they ever thought about the upsides to be gained from hunting? While this is a topic that can be argued viciously back and forth, I believe hunters win the argument. Deer hunting keeps the population down, protects farmers’ crops, boosts economic sales, betters a person’s mental health, and teaches lifelong lessons on respect. These are just a few of the amazing benefits that can be gained from hunting. To further my knowledge on deer hunting and its usesRead MorePersuasive Essay On Hunting939 Words   |  4 PagesHunting Hunting has been around since earth began. Early humans and animals hunted for a way of survival. Hunting is one of the unique ways to get exercise as well. Depending on the state you live in you may have to get a state license(s) in forward to hunt. Hunting is one of the few ways to keep animals away from unwanted areas, also it’s one of the ways to keep their population down. Many people like hunting since it’s fun to do and you learn how to survive in the wild. One of the pros of huntingRead MorePersuasive Essay About Hunting1923 Words   |  8 Pagesâ€Å"Hunting as a family is by no means a new tradition. In fact, it used to be one of several traditional American family values(Staff).† Meals from Nature Anybody feel like voluntarily waking up at the crack of dawn just to sit in the middle of the woods in a blind and probably see nothing for hours on end? Wait, what if I add that it’ll be in the middle of winter so the temperature will not only be freezing, but you’ll also have a frost bite approved wind slapping at your face? No takers? I figuredRead MorePersuasive Essay About Hunting1905 Words   |  8 Pagesfigured that would be the response. You’d be surprised though, because when I was around five or six years old freezing temperatures and being stranded in the woods sounded like paradise, especially with my best friend, my Dad, was right there with me. Hunting is a normal, almost expected hobby of individuals from the South. Fathers will bring their sons, daughters, and wives along to a large plot of land and appreciate the beauty of the trees and the woodland creatures they’ve immersed themselves in. EquippedRead More Organization is Crucial When Making a Sound Argument Essay example1114 Words   |  5 PagesOrganization is Crucial When Making a Sound Argument The development of animal rights organizations in the past century has made hunting a heated topic for debate. Modernization has left the primitive form of hunting and gathering behind as an obsolete form of human survival. With this occurrence one would think that hunting would lose its popularity, but this statement couldn’t be farther from the truth. It has developed more as a sport and participation is still widespread throughoutRead MoreThe Lottery Essay870 Words   |  4 PagesBelieving in a passion can be persuasive to others. If one has a passion for something, there is an uncontrollable emotion about it. Everyone in the world is different, if it was not that way, the world would not go around. Someone may have a passion for something that another person can not stand. In â€Å"The Lottery,† there was a negative passion for people getting stoned. The emotions of others that did not get stoned were horrific for the one getting stoned to death. The fathe r in â€Å"Without TitleRead MoreWilliam Golding s Lord Of The Flies937 Words   |  4 Pagesto behave at home. Even after most of the boys, with jack in the lead, decided hunting and having fun was more important than anything, Ralph realized how important it was too sick by the rules he as chief had made. After Jack took a big group hunting and they let the fire go out Ralph tells them â€Å"I was chief, and you were going to do what I said. You talk.† â€Å"But you can’t even build huts then you go off hunting and let the fire out-â€Å", â€Å"There was a ship that passed.† (71) This shows Ralphs moralRead MorePersuasive Essay : Gun Control798 Words   |  4 PagesPersuasive Essay Did you know that in the United States almost 100,000 people are shot or killed with a gun in one year? 10,527 people die a year in handgun related incidents in the United States. This number, by far, outweighs the number of gun related deaths in countries such as Sweden, Great Britain, and Japan, which number 13, 22, and 87, respectively. What is the reason for such drastic differences in numbers? Sweden, Great Britain, and Japan are all countries that have stricter gun controlRead More‘the Absence of a Written Constitution ... Enables Constitutional Change to Be Brought About Within the United Kingdom with the Minimum of Constitutional Formality.’885 Words   |  4 PagesWorkshop 1: Preparatory Activities Activity 1 (essay plan re-done) ‘The absence of a written constitution ... enables constitutional change to be brought about within the United Kingdom with the minimum of constitutional formality.’ Consider the sources of the UK constitution and the methods by which it may be changed. Do you agree with Barnett’s views? The UK’s unwritten constitution, formed of Acts of Parliament [AoP], Royal Prerogative [RP], Constitutional Convention [CC] and CaseRead MoreThe Drawbacks of Gun Control Legislation773 Words   |  3 Pageslaws added now will obstruct our right to bear arms, and completely absurd. To some of our nation they are perplexed by what these laws would actually mean, there are many facts that support citizens against gun control point of view in which this essay will explain. The safety and education issues of gun control are very closely related to each other. In order for responsible citizens to practice firearm safety, they must first be educated in the proper use of firearms. Organizations

Parenting Styles And Their Effects On Children - 2090 Words

Parenting Styles and Their Effects on Children We must all realize the impact we have on the world around us, whether it be an immediate effect or an action that releases a chain of events that is unforeseeable. Taking responsibility for the activities we partake in during everyday life is crucial for progressing in the future. This concept becomes much more actualized when we are raising our children. Children are undoubtedly the future of today. How we raise them will immediately impact what kind of lives they will have in the future, which in turn, will set up the world for years to come. Parents tend to want a stable, and more successful life for their kids. With this in mind, parents should practice reliable parenting styles to ensure their child’s social, emotional, and intellectual development isn’t compromised. The way we raise our kids could lead to a multitude of psychological problems and emotional imbalance if done improperly. Guardians should all engage in the best parenting styles to make sure that our children and leading safe and happy lives that resonate with the future of this world (Mgbemere and Telles, â€Å"Types of Parenting Styles and How to Identify Yours†). The least involved parenting style is one where the parent(s) aren’t aware of what is going on in their child’s life. Respectively, this is called Uninvolved or Neglectful Parenting. In this parenting style, the caretakers aren’t active in their child’s life, therefor missing opportunities to careShow MoreRelatedParenting Styles And Its Effects On Children Essay1558 Words   |  7 PagesThere are four main parenting styles, these four include: authoritative, authoritarian, permissive, and uninvolved/neglectful. The way in which parents ‘parent’ their children effect the children on how the child develops into an adult and it affects their cognitive development. Parents that are authoritative encourage and allow their children to be independent, but the parent also sets boundaries and limits. If a child needs to be disciplined or punished, the parent does so, but not in a harmfulRead MoreThe Effects of Parenting Styles on Children781 Words   |  4 Pageshow to raise children and how to be a â€Å"good parent.† Often, parents get advice on how to parent from their own parents, from their close friends, and even experts. There are three main types of parenting styles: authoritarian parenting, permissive parenting, and authoritative parenting. Authoritative parenting is a parenting style characterized by strict rules, harsh punishments and little warmth. Permissive parenting is characterized by parents who are responsive to their children, but lack rulesRead MoreParenting Styles And Its Effects On Children957 Words   |  4 PagesParenting Styles One of the challenges every parent faces is determining the best way to raise their child. Bob Keeshan states that parents are the ultimate role models for children. Every word, movement and action has an effect. No other person or outside force has a greater influence on a child than the parent. Parents use various techniques to raise their kids. How a child is raised or developed depends on the structures that the parents used. A parent is not intrinsically bad or good; he or sheRead MoreParenting Styles And Its Effect On Children Essay1382 Words   |  6 Pagessituation or opinion based on how we were raised, or how we raise-or plan on raising-our own children. With this said it is undeniable that parenting styles and their effectiveness vary. In research, parenting styles have been split into four categories the authoritarian, authoritative, permissive, and the uninvolved. Within these categories, researches have attempted to map the effectiveness of parenting styles and the pos itive and negative outcomes of each. Despite the eclectic and commonly erraticRead MoreParenting Styles And Their Effects On Children1572 Words   |  7 PagesParenting Styles and Their Effects on Children Parents play a key role in their children’s lives, including supervision, involvement, love, support, comfort, and a wide variety of discipline and punishment. The relationship between parenting styles and child is vital and impacts the child’s physical, mental, and emotional well-being. Parenting involves two dimensions, demandingness and responsiveness sometimes referred to as control and warmth. With the use of these dimensions four parenting stylesRead MoreParenting Styles and Their Effects on Children1545 Words   |  7 Pageshave found patterns in parenting styles and their effects on children. Parenting isn’t only a collection of skills, rules, and tricks of the trade (Lloyd, Carol. 2012)†, it defines who you become, reflects your culture and represents values important in a family. Parenting style has a long term impact on a child’s development, success and outlook on life. The three styles of parenting are permissive parenting/hands-off p arenting , authoritarian parenting, authoritative parenting .Studies revealed thatRead MoreOverview of Parenting Styles and Their Effects on Children1463 Words   |  6 PagesAccording to Webster’s dictionary, the definition of parenting is of â€Å"the process of raising and educating a child from birth to adulthood.† Have you ever pondered on how different you would be if your parents would have raised you differently? Everyone was raised differently, therefore we all will be different types of parents. We may cherish the way our parents raised and disciplined us, so we’ll utilize those techniques when we become parents. On the other side, we may despise the way our parentsRead Moreeffect of parenting style on the academic development of children6694 Words   |  27 Pagesview on parenting as the skill or activity of looking after your own children. Davies (2000) opined that parenting (or child rearing is the process of promoting and supporting the physical, emotional social and intellectual development of a child from infancy to adulthood. Parenting style is a psychological contrast representing standard strategies that parents use in their child rearing (stantrock, 2007). There are many differing theories and opinions on the best ways to rear children, as wellRead MoreThe Effects Of Parenting Styles On The Psychological Development Of Children And Adolescents999 Words   |  4 Pagesdifferent parenting styles on the psychological development of children and adolescents. Today, there are four vital parenting styles in psychology: authoritative, neglectful, indulgent and authoritarian. Each style possesses its own different characteristics and each produce different psychological developments in children and adolescents. In order to understand the effects of parenting styles on a person’s psychological development, it is obligatory we consider how a particular parenting style affectsRead MoreDiana Baumrind s Effect Of Parenting Styles On Children Essay1312 Words   |  6 PagesDiana Baumrind’s effect of parenting styles on children Baumrind was born into a Jewish community in the New York’s Jewish enclaves. She was the first two daughters of Hyman and Mollie Blumberg. Diana, the eldest in an extended family of female cousins, inherited the role of eldest son, which allowed her to participate in serious conversations about philosophy, ethics, literature, and politics. She completed her B.A. in Psychology and Philosophy at Hunter College in 1948, and her M.A. and Ph.D. in

Commercial law Infringement of Intellectual Property Right

Questions: 1. What infringements of copyright have occurred in the above circumstances ?2. What rights does the trade mark give us to take legal action in against the sellers of the film, and presuming they can be found, the illegal copiers ? 3. Do any criminal acts result from either the actions of the retailers or manufacturers of the pirate DVDs ? If so, what are the maximum penalties for such acts ? Answers: 1: Infringement of copy right In general copy right means a legal right which is preserved to the creator for a specific span of time for print, publish, perform, film, or record any of his literary, artistic, or musical material. According section 1 of Copyright, Designs and Patents Act 1988, copyright is any unique literary, dramatic, musical or artistic works, sound recordings, films or any of the printing arrangement of available editions. Section 5B of Copyright, Designs and Patents Act 1988 specifically deals with Films. Film includes recording on any of the medium, where moving image can be produced. The sound track supplementary to a film shall also be taken into consideration.[1]Section 6 deals with broadcasting. Broadcasting means and includes transmission of any visual image or sounds to the public. Section 16, 17 also describes the circumstances under which coping a copyrighted item can infringe copyright laws. For a film both of this above mentioned section can be applied. If someone copies the film and shows it or sells it then it infringes the copy right. 2: Infringement of trade mark: According to Trade Marks Act 1994 a trade mark includes any sign able of being represented graphically or which is capable of individualize goods or services of one enterprise to another. A trade mark generally includes designs, letters, numbers or the shape of product or their packaging etc. Arsenal FC plc v Reed [2] was a land mark case in relation to trade mark. Arsenal FC is a football club, which have their own registered trademarks. Matthew Reed had distributed souvenirs with that registered trademarks of the Arsenal FC. Arsenal Football Club takes legal action against Matthew Reed. They alleged that Mr. Reed had violates certain of the registered trademarks. The main judgment was on the question that whether the utilization of the sign harm guarantee of original. The court says that it harms the trade mark laws. The decision is supportive to original product owners who are in the hunt for the enforcement of their rights against suppliers of unauthorized products using their marks. In the light of the case we can say that infringements of trade mark laws for cinematographic films also be happened if someone uses the particular sign or symbols which exclusively preserves for the owner of the films. 3: Criminal remedy Under copyright law: Section 107 specifies that if an individual commits an infringement without the license of the copyright proprietor the person shall be liable for custody for a term not more than six months or a fine not more than 50,000, or both and on conviction on indictment it can fine or custody for a term not more than 10 years or both. If an individual infringes any copyright and transmitting the work to the public in general [section 107(2A)], he shall be punishable with imprisonment not more than three months or with a fine not more than 50,000, or both; and on conviction on indictment it a fine or custody for a term not more than two years, or both.[4] Under trade mark law: A person commits an breach of trademark with no consent of the proprietor can be imprisoned for not more than 6 months or for a fine of 5,000or in case of Indictment the term of imprisonment is 10 years(section 92 of According to Trade Marks Act 1994).[5] Right of the buyers against the seller of the defective DVDs under Sale of Goods Act, 1979 It was found that around 75% of the pirated DVDs were also defective or inappropriate because they have been recorded on very poor quality blank DVDs from which the film cannot be watched properly. The major fact in issues is that the sellers of those DVDs delivered defective goods to the innocent buyers. Section 13 of Sale of Goods Act, 1979 describes the provision relating to sale by description. This section specifically describe that the goods must be according to the description claim by the seller. Section 12 of the Act[6] also specifies about some implied conditions regarding the sale of goods. This section tells that it is implied condition that the seller has the title of the goods which he passes to the buyer. In Beale v. Taylor[7] it was happened that Taylor prints a commercial to sell a automobile telling it as white, 1961, herald. Beale came to examine the car. He did not get a test drive, but sat on the traveler side. After this he also noticed a metallic round on the back of the car which indicates 1200. He purchased the car assuming it to be the 1961 model.[8] But later he found that car is not satisfactory. The mechanic after examination told him that the automobile was combined of two machines together. Beale sue Taylor for breach of contract. Court held that both the parties are innocent because by an ordinary examination of the particular good no one can determine the defect in it. This is a sale by description but the buyer examine the car before buying it. Beale entitled to get the price difference. There are various specific sections of Sales of Goods Act, 1979 which specifically deals with the provisions relating to defect of a good. Section 14 (2) (a) indicate that if the goods can be examined by the buyer at the time of the sale takes place then its the duty of the buyer to check it properly otherwise he cannot claim the defense of defective goods later. Section 15 also specifies that if any good is sold by sample then the sample will represent the whole bulk of product. Section 22 (1) state that when the goods are sold in market overt and the buyer buyers the product in good faith without knowing any defect on it, buyers acquire a good title. In all the above mentioned sections of Sales of goods Act, 1979 indicate that if the buyer is aware that he/she is purchasing a defective goods then he/she never succeed in a case of breach of agreement of sale. But if the buyers are bona fide buyer then he has the right to sue the seller. If the buyers of those pirated DVDs know that the DVDs are pirated then they are well aware about the fact that the seller has no right to sell because they dont have the proper title. So in this case they cannot claim any right against those products. But if the buyers are innocent and relied that the retailer has the proper title to sell it then they can sue the retailer for misappropriation and delivery of defective goods under Sales of goods Act, 1979. References uk, 'Intellectual Property Crime And Infringement - Detailed Guidance - GOV.UK' (2014) https://www.gov.uk/intellectual-property-crime-and-infringement accessed 24 March 2015 uk, 'Intellectual Property Offences - GOV.UK' (2015) https://www.gov.uk/government/publications/intellectual-property-offences/intellectual-property-offences accessed 24 March 2015 uk, 'Trade Marks Act 1994 - Publications - GOV.UK' (2008) https://www.gov.uk/government/publications/trade-marks-act-1994 accessed 24 March 2015 gov.uk, 'Copyright, Designs And Patents Act 1988' (2015) https://www.legislation.gov.uk/ukpga/1988/48/contents accessed 24 March 2015 gov.uk, 'Sale Of Goods Act 1979' (2015) https://www.legislation.gov.uk/ukpga/1979/54 accessed 24 March 2015 Verma V, 'Beale V. Taylor' (wordpress.com, 2012) https://indiancaselaws.wordpress.com/2012/01/24/beale-vs-taylor/ accessed 24 March 2015 Arsenal FC plc v Reed[2003] ch Beale v Taylor(1967) 3 ALL Er [1] Section 5B of Copyright, Designs and Patents Act 1988 [2] Arsenal FC plc v Reed[2003] Ch. [3] Copyright, Designs and Patents Act 1988 [4]Gov.uk, 'Intellectual Property Crime And Infringement - Detailed Guidance - GOV.UK' (2014) https://www.gov.uk/intellectual-property-crime-and-infringement accessed 24 March 2015. [5]Gov.uk, 'Intellectual Property Offences - GOV.UK' (2015) https://www.gov.uk/government/publications/intellectual-property-offences/intellectual-property-offences accessed 24 March 2015. [6] Sale of Goods Act,1979 [7] Beale v Taylor(1967) 3 ALL Er [8] Vivek Verma, 'Beale V. Taylor' (Indiancaselaws.wordpress.com, 2012) https://indiancaselaws.wordpress.com/2012/01/24/beale-vs-taylor/ accessed 24 March 2015.

The Ethics of the Union Carbide Disaster in India

Ethics, as the distinction between right and wrong, is a subject that several individuals tend to ignore. The course of actions that people and organizations take can be supported by very many reasons.Advertising We will write a custom essay sample on The Ethics of the Union Carbide Disaster in India specifically for you for only $16.05 $11/page Learn More However, in most situations, the desire to gain wealth or power can influence individuals or organizations to do very unethical things. The catastrophe that took place in 1984 at the pesticide factory in Bhopal, India, is a case in which the governments of the United States and India violated several ethical practices that eventually led to the world’s worst industrial disaster. The Bhopal disaster happened on December 3, 1984 in which about forty tons of vaporous methyl isocyanate (MIC) gas and other toxic chemicals from the factory were released into the atmosphere and resulted in the death an d injuries of several residents of the nearby town. Although estimates vary on the extent of damage caused to the residents, Eckerman estimates that â€Å"over 500,000 persons were exposed to the gases; between 3,000 and 10,000 people died within the first weeks; and between 100,000 and 200,000 may have permanent injuries† (2005, p.9). The disaster raised serious ethical questions concerning the business practices of the American multinational company, the Union Carbide Corporation (UCC) and its Indian subsidiary, the Union Carbide India Limited (UCIL), which owned significant amount of shares in the plant. What the incident made painfully clear appertains to the moral conventions that the governments of the host and the parent country failed to adhere to (Cragg, 2005, p.11). The UCIL plant was established in 1969 as part of the local government’s Green Revolution initiative efforts aimed at realizing self-sufficiency in the production of crops. The use of pesticide in creased in India in the 1960s and it was regarded as an essential factor in increasing its agricultural productivity. Consequently, the decision to produce pesticides locally, instead of importing them, was based on the above considerations. However, the government of India sanctioned the UCIL to set up the plant in Bhopal despite the fact that the country lacked adequate technology to maintain the production of such lethal chemicals. In a bid to spur economic growth, the Indian government ignored the safety and health considerations that were to be adhered to before establishing such a manufacturing plant.Advertising Looking for essay on ethics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The American international corporation, UCC, opted to establish the plant in India so as to gain a competitive advantage in the market. This is because as an emerging country in economic development, India provided low-cost labor, easier connection with consumers in other countries, and reduced costs of transacting business. Once UCC established the plant in India, it had little incentive to reduce environmental and human risks associated with pesticide production (Cassels, 1993). More so, this problem was compounded by the negligence of the Indian government to institute stringent regulations that can guard this malpractice. The Indian government was only looking for economic gains, not the other risks that were involved. On the other hand, as an American Company, the United States government failed to enact stringent checks and balances that could monitor the operations of UCC internationally. Its unethical practice was mainly motivated by the urge to establish stronger relations with the Indian sub-continent, while neglecting the fact that human life is more important than the so-called ‘good relations’ are. The Bhopal disaster has several unethical contributing factors that both the governments of the United State s and India consistently ignored even after they were made aware of them. Prior to the hazardous gas leak, the plant stored MIC (methyl isocyanate) in large containers and filled them above the recommended levels, little maintenance was done to the plant to ensure its efficiency, several safety systems were not functioning properly, and some safety devices were switched off periodically to save money (Weir, 1987). Aware of these breaches to good industrial practices, the Indian government disregarded calls for putting these actions in check. Worse still, several slums mushroomed near the Bhopal facility, and the residents disregarded repeated warnings by the local media to vacate the place because of the danger that they were exposed to in case of an emergency. Interestingly, the local officials of the government failed to endorse the reports dismissing them as sensational. In addition, the residents failed to act to these reports because the government had failed to educate them on the risks that they were exposed to. Ironically, the American multinational corporation, UCC, spurred by the desire to gain a competitive advantage, attempted to hide its deplorable safety and maintenance records, non-existent catastrophe plans, and other malpractices in the Bhopal facility. Prior to the incident, the work conditions at the plant were in a bad state. Instead of providing the employees with good working conditions, UCC implemented a number of cost-cutting strategies that affected the employees and their conditions of working.Advertising We will write a custom essay sample on The Ethics of the Union Carbide Disaster in India specifically for you for only $16.05 $11/page Learn More These strategies for reducing expenses resulted in reduced quality control and loose adherence to regulations of safety of the employees. For example, replacing old pipes was forbidden, no training was given to the employees, and they were compelled to use Engl ish instruction booklets although they did not understand the language fully. These unethical practices made several of the skilled employees to look for opportunities in other places. Although the employees made numerous complaints through their union, no one heeded to their cries and some of them were even fired or fined. In all these, the government of India supported the factory because it feared that some of its citizens could lose their jobs and eventually its tax collection could reduce. However, a catastrophe, which was being brewed by these unethical practices, was looming. Investigations after the Bhopal tragedy have revealed a number of equipment and safety violations. During the 1998 civil court cases in India, it was revealed that contrary to the UCC factories in the U.S., the factories in India lacked major preparations for tackling emergencies and there was no attempt by the management to institute such measures. For example, there was no notification given to local a uthorities about the amounts or the hazards of the substances that were being used and produced at the Bhopal facility. Other investigations revealed that the MIC unit had malfunctioned four years prior to the incident, there was limited number of manual back up systems, steam boiler used for cleaning the pipes was not working, and carbon steel that is prone to corrosion was used at the plant. The MIC plant was built according to the instructions that were given by the Indian government. More so, the authorities neglected several previous warnings and accidents that were pointing to an impending disaster. For example, in 1976, two trade unions raised alarms about the level of pollution in the factory and in early 1982, a MIC leak affected eighteen employees. Instead of enforcing stringent rules to curb this, the Indian government still relaxed its rules concerning the unethical practices of UCC within its territory. This makes the Indian government to be indirectly responsible for t he catastrophe that affected the lives of many people in the area. It is astonishing to note that in spite of the serious health problems and deaths that took place due to the disaster, the governments of the U.S. and India have not established efficient systems for caring for and compensating the people affected. Instead of pushing for quick compensation of the victims, the two governments are accusing one another of responsibility. In some instances, UCC has failed to compensate the victims saying that the company is not under the jurisdiction of the Indian laws. As much as some progress is being made to compensate the victims adequately, this process could have been more efficient if the two governments had instituted better systems for tackling such emergencies. This negligence by the two governments seems to be supporting UCC’s unethical practices.Advertising Looking for essay on ethics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In conclusion, the governments of the United States and India, through neglecting some essential ethical business practices, are indirectly responsible for the occurrence of the Bhopal disaster. Instead of instituting adequate checks and balances to monitor the operations of UCC internationally, the U.S. government forfeited this significant role. On the other hand, aware of the various contributing factors that were pointing to an imminent disaster, the Indian government failed to institute appropriate measures that could have prevented the disaster from taking place. Reference List Cassels, J. (1993). The Uncertain Promise Of Law: Lessons From Bhopal. Toronto: University Of Toronto Press. Cragg, W. (2005). Ethics codes, corporations and the challenge of globalization.  Cheltenham: Elgar. Eckerman, I. (2005). The Bhopal saga: causes and consequences of the world’s largest  industrial disaster. Hyderabad: Universities Press. Weir, D. (1987). The Bhopal Syndrome: Pesticide s, Environment, And Health. San Francisco: Sierra Club Books. This essay on The Ethics of the Union Carbide Disaster in India was written and submitted by user Karissa A. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on A History Of The Arab-Israeli Conflict

can be used to best summarize the region: volatile and unstable. The distrust and genuine hatred between the Israelis and the Palestinians and Arab community has created a recent history marked with thousands of skirmishes, hundreds of minor conflicts, countless terrorist actions, and four major wars. The 1990's offered a ray of hope in Palestinian/Israeli relations. Palestinian Liberation Organization (PLO) leader, Yasser Arafat, began to publicly assume a less radical stance than was the previous norm. Arafat and the PLO denounced terrorist acts around the world and under the influence of the Clinton administration entered into a less hostile stance towards Israel. Meanwhile, Israeli Prime Ministers Yitzhak Rabin and Ahud Barak, both from Israel's more liberal parties, agreed to open negotiations with the PLO. These striking moves and new actions toward peace were a first in the history of the State of Israel. With the combination of both sides being willing to make previously unheard of concessions along with a Clinton Administration that was actively focusing on a Middle East Peace Agreement, a stage was being set the stage for a monumental peace accord. Greatly helping the situation was the fact that the mid to late 1990's marked an era of relative peace and stability throughout the entire Middle East region. In the years following the 1991 Gulf War the major radical figure of the region, Saddam Hussein, was greatly weakened and therefore his influence on the region was reduced. The public began to see the face of a new, more peaceful, less radical Middle East. Hussein's Jordan and Israel signed a historic peace accord between the two countries in 1995. It was during this era, that a feasible possibility of peace between Israel and the Palestinians could be wrought. Despite the great hope for p... Free Essays on A History Of The Arab-Israeli Conflict Free Essays on A History Of The Arab-Israeli Conflict In the fifty- three years following the establishment of an Israeli homeland on May 14, 1948 in Palestine, two words can be used to best summarize the region: volatile and unstable. The distrust and genuine hatred between the Israelis and the Palestinians and Arab community has created a recent history marked with thousands of skirmishes, hundreds of minor conflicts, countless terrorist actions, and four major wars. The 1990's offered a ray of hope in Palestinian/Israeli relations. Palestinian Liberation Organization (PLO) leader, Yasser Arafat, began to publicly assume a less radical stance than was the previous norm. Arafat and the PLO denounced terrorist acts around the world and under the influence of the Clinton administration entered into a less hostile stance towards Israel. Meanwhile, Israeli Prime Ministers Yitzhak Rabin and Ahud Barak, both from Israel's more liberal parties, agreed to open negotiations with the PLO. These striking moves and new actions toward peace were a first in the history of the State of Israel. With the combination of both sides being willing to make previously unheard of concessions along with a Clinton Administration that was actively focusing on a Middle East Peace Agreement, a stage was being set the stage for a monumental peace accord. Greatly helping the situation was the fact that the mid to late 1990's marked an era of relative peace and stability throughout the entire Middle East region. In the years following the 1991 Gulf War the major radical figure of the region, Saddam Hussein, was greatly weakened and therefore his influence on the region was reduced. The public began to see the face of a new, more peaceful, less radical Middle East. Hussein's Jordan and Israel signed a historic peace accord between the two countries in 1995. It was during this era, that a feasible possibility of peace between Israel and the Palestinians could be wrought. Despite the great hope for p...

The Three Best Places to Start Your Journalism Career

The Three Best Places to Start Your Journalism Career When I was in grad school I had a part-time gopher job at the New York Daily News. But my dream was to be a reporter in a big-city newsroom, so one day I put together my best clips and walked into the office of one of the papers top editors. Id toiled at several student papers and had an internship under my belt. Id also worked part-time at a local daily paper when I was an undergrad in journalism school. So I asked her if I had what it took to get a reporting job there. No, she said. Not yet. This is the big-time, she told me. You cant afford to make mistakes here. Go and make your mistakes at a smaller paper, then come back when youre ready. She was right. Four years later I did return to the Daily News, where I worked as a reporter, Long Island bureau chief and eventually deputy national news editor. But I did so after getting solid newsroom experience at The Associated Press, experience that prepared me for the big leagues. Too many journalism school grads today want to start their careers at places like The New York Times, Politico and CNN. Its fine to aspire to work at such lofty news organizations, but at places like that, there wont be much on-the-job-training. Youll be expected to hit the ground running. Thats fine if youre a prodigy, the Mozart of journalism, but most college grads need a training ground where they can be mentored, where they can learn - and make mistakes - before they hit the big time. So heres my list of the best places to start your career in the news business. Weekly Community Papers Probably not a sexy choice, but short-staffed weeklies offer new hires the opportunity to do a little bit of everything - write and edit stories, take pictures, do layout, and so on. This gives young journalists the kind of broad newsroom experience that can be valuable later on.​ Small to Midsized Local Papers Local papers are great incubators for young reporters. They offer you the chance to cover all the things youll cover at bigger papers - cops, courts, local politics and the like - but in an environment where you can hone your skills. Also, good local papers will have mentors, older reporters, and editors who can help you learn the tricks of the trade. There are plenty of very good local papers out there. One example: The Anniston Star. A small-town paper in southwest Alabama may not sound like the most exciting place to start out, but The Star has long been known for solid journalism and a crusading spirit. Indeed, during the civil rights movement in the 1960s, The Star was one of few southern papers to support school integration. The states racist governor, George Wallace, nicknamed it The Red Star for its liberal stance. The Associated Press The AP is the boot camp of journalism. People in the AP will tell you that two years at the wire service is like four or five years anywhere else, and its true. Youll work harder and write more stories at the AP than in any other job. Thats because while the AP is the worlds largest news organization, individual AP bureaus tend to be small. For instance, when I worked at the Boston AP bureau we had maybe a dozen or so staffers in the newsroom on a typical weekday shift. On the other hand, The Boston Globe, the citys largest newspaper, has dozens if not hundreds of reporters and editors. Since AP bureaus are so small, AP staffers have to produce a lot of copy. While a newspaper reporter might write a story or two a day, an AP staffer might write four or five articles - or more. The result is that AP staffers are known for being able to produce clean copy on very tight deadlines. In an age when the 24/7 news cycle of the Internet has forced reporters everywhere to write fast, the kind of experience you get at the AP is highly prized. In fact, my four years at the AP got me the job at the New York Daily News.

Countries with low birthrates Essay Example | Topics and Well Written Essays - 500 words

Countries with low birthrates - Essay Example This report aims to highlight the changes in Italy and Germany’s population structure and the population policies I’d implement to achieve future sustainable growth levels. Italy’s population is expected to significantly decline from its current level of 61 million to around 55 million by 2050 (CIA, 2011). Italy’s current population growth rate stands at 0.42%. This will result in an aging population as life expectancy increases (currently 81 years) and birth rates fall (currently 9.18 births per 1000 of the population). Italy’s total fertility rate at 1.39 children per woman is also below the replacement level of 2.1. Only 13.8% of Italy’s population is under the age of 14, compared with 20.3% of its population who are over 65. Germany’s population has also started to decline by -0.208% from 82.5 million in 2004 to 81.47 million in 2011 (CIA, 2011). There are currently 8.3 births per 1,000 of the population and an average fertility ra te of 1.41 children. Germany also has a great population imbalance in which 13.3% of the population are under the age of 14, whilst 20.6% of the population is over 65.

Modernity and Tradition in Asia Essay Example | Topics and Well Written Essays - 1000 words

Modernity and Tradition in Asia - Essay Example Modern history discusses the historical timeline after the middle Ages. It has two stages which include; early modern and the late modern periods. Contemporary history tells more about the period of historic events that are immediately applicable to the present time. Modern period is a period of important growth in various fields that include; politics, warfare, technology and science, these fields not only dominated the Western Europe and North America but nearly every cultured area on the world. Cultural nationalism is a body that mainly forms the modern political societies within an unsanctioned state authority hence it is a form in which a nation is defined by an inherited culture and it is a strong belief that interests a particular state. Role of cultural nationalism in china Cultural nationalism played some roles in the China community and made it what it is today. The China’s nationalism today (present) was produced by its pride in its history and its century of the humiliation at the hands of the west and the Japan. The Chinese nationalism had a positive impact that came all over during the post WWII era. Role of cultural nationalism in India Nationalism is commonly understood as a political concept hence, it is an ideology that provides source for the national integration, solidity and as well as seeking national independence from the colonial. Cultural nationalism has played a major role in the political reshaping of all the central Europe. During the post-WWII era nationalism emerged as a powerful force. It acted as a suitable system of acquiring economic aid and security declaration. During the post- WWII era nationalism reemerged as a serious factor in improving the worldwide political scene in the post cold war era. Modern Asian Civilizations Civilization is a controversial word that has been used in various connected ways. It is used to refer to the human cultures which are obviously complex in terms of science, technology and division of labor. The civilization advancement is usually and often measured by its progress in long distance trade, agriculture, urbanism and occupational specialization. 1. Japan The Japanese civilization began in approximately A.D. 400 when the Yamato clan who were based in Kyoto gained extreme control of family groups in the Western and Central Japan. In the 700s the Japan was influenced by China, this influence made the Yamato clan to set up a majestic court that was similar to that of the China. The Yamato ruling system contributed largely to the formation of the Japanese culture and its tradition that stated gods of the others s hould be venerated equally hence other people’s gods should be treated and be compared to their own gods (this Japanese tradition stills remains to date) (Matsumoto and Hosaka 1). 2. China China being an East Asian country has a large territory, an ancient history and a huge population. It has written records that date back to 4000 years. China is considered to be an ancient civilization that extends over a large area in the East Asia. China is among one of the four great world’s oldest civilizations and one among the most highly developed societies and economies. Most of the china’

The positive change Essay Example for Free

The positive change Essay Economic growth implies the positive change or increase in the level of production of goods and services by a given economy or country over a certain period of time. Economic growth can either be nominal economic growth or real economic growth. Nominal economic growth in an increase in production which also include inflation. Real economic growth in the increase in production excluding inflation. The nominal economic growth does not factor inflation and as such the growth is given in monetary terms in the market price whereas in the real economic growth, the growth is given in monetary terms but expressed in constants prices implying that the later expression does not suffer from the money illusion. The differentiating between the real and nominal economic growth is important because the unit in which its expressed, that is monetary terms is subject to changes that make its value to increase or decline, making it less reflective on the real physical increase in goods and services produced in a given country over a specified period of time. Causes of economic growth Economic growth therefore from the definition can be perceived as the change in the countrys Gross Domestic Product, and for this matter an increase in the Gross domestic product. From the expenditure approach of calculating the Gross Domestic product, the GDP is comprised of the sum of Consumption, investment, government purchase and also the net exports. The change in the components of the Gross domestic product is what that brings about the economic growth and this is according to QuickMBA Consumption is the largest component of the gross domestic product and it comprises the durable and non-durable goods and also services expenditure which are incurred by the ultimate users of the goods and the services. The term ultimate user has been used so as to avoid the double counting problem which may arise when estimating consumption, because one firms output can be used as an input in the other firm, and for this reason a mistake may be done of recounting the output which was already counted implying double counting. Consumption is however not affected by value of the goods which are imported. Investment implies the purchase of fixed assets which are expected to assist in the further production of goods and services, and also the increase in the inventory which means the increase in the number of goods and services that have been produced but not yet consumed. The inventories are perceived as being Investments because they are assets which are expected to be sold out for economic gain. The Investments are assumed to be financed by the savings that are made after the consumption. The government purchases implies the summation of all government expenditures and then subtracting the government transfer payments. The transfer payments imply the payments made to transactions which did not contribute to the production of goods and services, therefore they are subtracted from the government expenditure because they did not contribute to the GDP. Net exports imply the difference between exports and imports in a specified period of time. The imports are subtracted from the exports because imports are a kind of expenditure that is incurred but it does not benefit the locals, thus a form of cash outflow from the economy. Exports are included as part of the Gross Domestic product because the expenditure on them is likely to benefit the locals because the goods and services were produced in the country in question according to Barro and Robert . Therefore economic growth arises from the change in any of the components of the gross domestic product as illustrates above.

Herman Melvilles Billy Budd - Innocence is More Important that Wisdom :: Billy Budd Essays

Herman Melville's Billy Budd - Innocence is More Important that Wisdom  Ã‚  Ã‚  Ã‚  Ã‚   In Billy Budd, the author, Herman Melville, presents a question that stems directly from the original sin of ouAdam and Eve: Is it better to be innocent and ignorant, but good and righteous, or is it better to be experienced and knowledgeable?   Through this work, Billy Budd,Melville is telling us that we need to strike some kind of balance between these two ideas; we need to have morality and virtue; we need to be in the world, but not of the world.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To illustrate his theme, Melville uses a few characters who are all very different, the most important of which is Billy Budd.   Billy is the focal point of the book and the single person whom we are meant to learn the most from.   On the ship, the Rights-of-Man, Billy is a cynosure among his shipmates; a leader, not by authority, but by example.   All the members of the crew look up to him and love him.   He is "strength and beauty.   Tales of his prowess [are] recited.   Ashore he [is] the champion, afloat the spokesman; on every suitable occasion always foremost"(9).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Despite his popularity among the crew and his hardworking attitude, Billy is transferred to another British ship, the Indomitable.   And while he is accepted for his looks and happy personality, "...hardly here [is] he that cynosure he had previously been among those minor ship's companies of the merchant marine"(14).   It is here, on the Indomitable that Billy says good-bye to his rights.   It is here, also, that Billy meets John Claggart, the master-at-arms.   A man "in whom was the mania of an evil nature, not engendered by vicious training or corrupting books or licentious living but born with him and innate, in short 'a depravity according to nature'"(38).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Here then, is presented a man with a personality and character to contrast and conflict with Billy's.   Sweet, innocent Billy immediately realizes that this man is someone he does not wish to cross and so after seeing Claggart whip another crew-member for neglecting his responsibilities, Billy "resolved that never through remissness would he make himself liable to such a visitation or do or omit aught that might merit even verbal reproof"(31).   Billy is so good and so innocent that he tries his hardest to stay out of trouble.   "What then was his surprise and concern when ultimately he found himself getting into petty trouble occasionally about such matters as the stowage of his bag.

Using the Data and Your Economic Knowledge

Using the data and your economic knowledge, evaluate the possible consequences for UK macroeconomic performance if the euro area and the US seek to reduce their balance of payments deficits on current account. The four major objectives are (i) full employment, (ii) price stability, (iii) a high, but sustainable, rate of economic growth, and (iv) keeping the Balance of Payments in equilibrium.If a country is suffering from inflation and a balance of payments deficit, it is usually because the government is spending too much. In such circumstance, the Fund agrees to lend the country some â€Å"transitional funds†, providing the government agrees to reduce its deficit and slow growth in the money supply That should raise the value of sterling, reduce the price of imports, and reduce demand for UK goods and services abroad.However, the impact of interest rates on the exchange rate is, unfortunately, seldom that predictable. Changes in spending feed through into output and, in turn , into employment. That can affect wage costs by changing the relative balance of demand and supply for workers. But it also influences wage bargainers’ expectations of inflation – an important consideration for the eventual settlement. The impact on output and wages feeds through to producers’ costs and prices, and eventually consumer prices.Some of these influences can work more quickly than others. And the overall effect of monetary policy will be more rapid if it is credible. But, in general, there are time lags before changes in interest rates affect spending and saving decisions, and longer still before they affect consumer prices. Cutting the interest rate, causing savers to move their money from UK banks to other banks, this will cause a fall in demand for pounds and so a depreciation in the currency.This will therefore make UK exports seem cheaper abroad, and therefore increase the level of exports as we have greater international competitiveness on pri ce But there are certain draw backs, such as Savers are not garunteed to respond to a cut in the interest rate. and therefore the value of the pound may be unaffected? Lowering the interest rate will increase borrowing and expenditure, including increased expendiiture on imports therefore increasing the Balance of Payments deficit

Management Accounting

Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a – you are to imagine and create! This is a report * It has an introduction A main body (see the next slides) * A conclusion How your marks will build up * Background to the organisation showing good reading of appropriate sources 25% * Review of the nature and role of management accounting 10% * An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. 50% * The strengths and weaknesses of your analysis  œ for example the additional information you would have liked in order to improve your analysis. 15% Background to the organisation The reason for this is to introduce your organisation (briefly) and to show what a manager in this organisation will do. Later you will show how m. a. helps. * A manager will make decisions about the organisation’s products, processes etc. – therefore your introduction will cover this. * This introduction will reveal the kind of problems that your organisation faces and must overcome. * We do not want the history of the organisation and any information that you will not use later. * Choose your organisation carefully – one that you can understand. You need to be able to imagine the kinds of decisions that a manager might make. Review of the nature and role of management accounting * A definition (with reference) * Some idea of what management accounting does and what it does not do. * Some examples of the techniques and methods of m. a. * You have been studying this since week 5 and so it should not be a problem * DO NOT TRY TO BE TOO CLEVER. IN PREVIOUS YEARS STUDENTS HAVE MENTIONED ABC, JUST IN TIME AND THROUGHPUT ACCOUNTING. Do not do this as you probably do not understand these techniques and will only show that this is so. Keep to what you know! An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. * This is the hard part that attracts the most marks * You are to link part 1 and part 2 – you organisation’s needs to the techniques and methods of management accounting * What does m. a. Do that will help this organisation? * How can it improve processes? * How can it compete better? * How can it choose between products? * How can it use m. a. for pricing? Planning, controlling, motivating, organising etc * Difficult – but you are applying what you have learned to the problems of the organisation. The strengths and weaknesses of your analysis * This was badly done in assessment 1b * WE DO NOT WANT THE S&W OF THE COMPANY * What aspects of your analysis are strong. Where do you feel that your recommendations are strong and secure? Give examples. * Where do you feel your recommendations are weak perhaps due to lack of information about the company or lack of your knowledge and experience of management accounting. Give examples. Management Accounting Use the following to answer question 1: Marger, Inc. , provided the following data for two recent months: [pic] |1. |Which of the following classifications best describes the behavior of Cost T? | |A) |Variable | |B) |Fixed | |C) |Mixed | |D) |None of the above | 2. |The following data pertains to activity and maintenance costs for two recent years: | | | | | |[pic] | | |Using the high-low method, the cost formula for maintenance would be: | |A) |$1. 50 per unit. | |B) |$1. 25 per unit. | |C) |$3,000 plus $1. 50 per unit. | |D) |$6,000 plus $0. 75 per unit. | |3. Rible Company has observed that at an activity level of 8,000 units the cost for maintenance is $15,000, and at 10,000 units the| | |cost for maintenance is $16,500. Using the high-low method, the cost formula for maintenance is: | |A) |$15,000 plus $0. 15 per unit. | |B) |$9,000 plus $0. 75 per unit. | |C) |$1. 65 per unit. | |D) |$1. 875 per unit. | |4. |Which of the following types of firms likely would have a high pr oportion of variable costs in its cost structure? | |A) |Public utility. | |B) |Airline. | |C) |Fast food outlet. |D) |Architectural firm. | |5. |Factory overhead is an example of a: | |A) |mixed cost. | |B) |fixed cost. | |C) |variable cost. | |D) |irrelevant cost. | Use the following to answer question 6: Buffo Company fabricates metal folding chairs. Data concerning the company's revenue and cost structure follow: [pic] |6. |If Buffo plans to produce and sell 3,000 units next month, the expected contribution margin would be: | |A) |$30,750. |B) |$74,250. | |C) |$26,750. | |D) |$96,500. | Use the following to answer question 7: Frank Company operates a cafeteria for its employees. The number of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below: [pic] Assume that the relevant range includes all of the activity levels mentioned in this problem. |7. |Using the high-low method of analysis, the variable cost per mea l served in the cafeteria would be estimated to be: | |A) |$1. 50. | |B) |$2. 0. | |C) |$2. 80. | |D) |$1. 00. | Use the following to answer question 8: Stewart Company is attempting to classify costs according to their cost behavior. Data concerning activity and costs are listed below: [pic] |8. |If Stewart Company sells 1,150 units in March and this activity is within the relevant range, the expected total cost would most| | |likely be closest to: | |A) |$2,610. 50. | |B) |$1,774. 00. |C) |$4,343. 92. | |D) |$4,384. 50. | |9. |A disadvantage of the high-low method of cost analysis is that: | |A) |it cannot be used when there are a very large number of observations. | |B) |it is too time consuming to apply. | |C) |it uses two extreme data points, which may not be representative of normal conditions. | |D) |it relies totally on the judgment of the person performing the cost analysis. | Use the following to answer question 10: Marger, Inc. provided the following data for two recent months: [pic] |10. |Which of the following classifications best describes the behavior of Cost U? | |A) |Variable | |B) |Fixed | |C) |Mixed | |D) |None of the above | |11. |Fox Company's contribution margin ratio is 20%. If the degree of operating leverage is 15 at the $225,000 sales level, net | | |operating income at the $225,000 sales level must equal: | |A) |$2,250. | |B) |$6,750. | |C) |$3,000. | |D) |$5,063. | |12. |Korn Company sells two products, as follows: | | | | | |[pic] | | |Fixed expenses total $300,000 annually. The expected sales mix in units is 60% for product Y and 40% for product Z. How much is | | |Korn's expected break-even sales in dollars? | |A) |$300,000 | |B) |$420,000 | |C) |$475,000 | |D) |$544,000 | |13. |Brown Company has sales of 2,000 units at $70 per unit. Variable expenses are 40% of the selling price. If total fixed expenses | | |are $44,000, the degree of operating leverage is: | |A) |0. 79. | |B) |1. 40. | |C) |3. 50. | |D) |2. 10. | Use the following to answer question 14: Budget data for the Bidwell Company are as follows: [pic] |14. |If fixed expenses increased $31,500, the break-even sales in units would be: | |A) |34,500 units. | |B) |80,500 units. | |C) |69,000 units. | |D) |94,500 units. Use the following to answer question 15: Evergreen Corp. has provided the following data: [pic] |15. |The number of units needed to achieve a target net operating income of $49,500 would be: | |A) |1,238 units | |B) |2,750 units. | |C) |3,200 units. | |D) |2,057 units. | Use the following to answer question 16: A manufacturer of premium wire strippers has supplied the following data: [pic] |16. The company's degree of operating leverage is closest to: | |A) |20. 09 | |B) |7. 73 | |C) |1. 86 | |D) |55. 64 | Use the following to answer question 17: Consider the following budgeted data f or Urqhart Corporation: [pic] |17. If the unit contribution margin is increased by 10%, the total fixed expense is decreased by 20%, and all other data remain as | | |in the budget, net operating income will be: | |A) |$102,500. | |B) |$105,000. | |C) |$ 90,000. | |D) |$ 93,750. | Use the following to answer question 18: The costs of publishing a grade school textbook can be assumed to be as follows: [pic] Each book sells for $10 per copy. |18. |The unit contribution margin for each copy of the book is: | |A) |$5. 5. | |B) |$4. 15. | |C) |$5. 40. | |D) |$7. 15. | |19. |If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line relative | | |to its previous position will: | |A) |shift downward and have a steeper slope. | |B) |shift downward and have a flatter slope. | |C) |shift upward and have a flatter slope. | |D) |shift upward and have a steeper slope. | Use the following to answer question 20: A company that makes organic fertilizer has supplied the following data: [pic] |20. |The company's degree of operating leverage is closest to: | |A) |3. 50 | |B) |1. 49 | |C) |9. 54 | |D) |2. 41 | |21. Trumbull Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Collection | | |experience indicates that none of the budgeted sales will be collected in the month of the sale, 60% will be collected the month| | |after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be| | |budgeted for September would be: | |A) |$169,800. | |B) |$147,960. |C) |$197,880. | |D) |$194,760. | Use the following to answer question 22: Young Enterprises has budgeted sales in units for the next five months as follows: [pic] Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 fell short of t his goal since it contained only 400 units. The company needs to prepare a Production Budget for the next five months. |22. |The desired ending inventory for August is: | |A) |540 units. |B) |680 units. | |C) |720 units. | |D) |380 units. | Use the following to answer question 23: Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows: [pic] The company wants to maintain monthly ending inventories of Material A equal to 20% of the following month's production needs. On January 31, this target had not been attained since only 2,000 yards of Material A were on hand. The cost of Material A is $0. 80 per yard. The company wants to prepare a Direct Materials Purchases Budget. |23. |The desired ending inventory of Material A for the month of March is: | |A) |9,300 yards. | |B) |7,140 yards. | |C) |3,100 yards. | |D) |8,400 yards. | Use the following to answer question 24: The Gomez Company, a merchandising firm, has budgeted its activity for December according to the following information: * Sales at $500,000, all for cash. * Merchandise Inventory on November 30 was $250,000. * The cash balance at December 1 was $20,000. Selling and administrative expenses are budgeted at $50,000 for December and are paid for in cash. * Budgeted depreciation for December is $30,000. * The planned merchandise inventory on December 31 is $260,000. * The cost of goods sold represents 75% of the selling price. * All purchases are paid for in cash. |24. |The budgeted cash receipts for December are: | |A) |$125,000. | |B) |$375,000. | |C) |$530,000. | |D) |$500,000. | Use the following to answer question 25: Young Enterprises has budgeted sales in units for the next five months as follows: [pic] Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 fell short of this goal since it contained only 400 units. The company needs to prepare a Production Budget for the next five months. |25. |The beginning inventory in units for September should be: | |A) |460 units. | |B) |6,800 units. | |C) |540 units. | |D) |680 units. | Use the following to answer question 26: May Company, a merchandising firm, has budgeted sales as follows for the third quarter of the year: [pic] Cost of goods sold is equal to 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month. The inventory on June 30 is less than this ideal since it is only $65,000. The company is now preparing a Merchandise Purchases Budget. |26. |The desired beginning inventory for September is: | |A) |$117,000. |B) |$ 76,050. | |C) |$ 91,000. | |D) |$ 59,150. | Use the following to answer question 27: Smith Company makes and sells a single product called a Pod. Each Pod requires 1. 4 hours of labor at a labor rate of $9. 60 per hour. Smith Company needs to prepare a Direct Labor Budget for the second quarter of the year. |27. |The budgeted direct labor cost per Pod would be: | |A) |$13. 44. | |B) |$9. 60. | |C) |$7. 38. | |D) |$11. 00. | |28. Self-imposed budgets typically are: | |A) |not subject to review by higher levels of management since to do so would contradict the participative aspect of the | | |budgeting processing. | |B) |not subject to review by higher levels of management except in specific cases where the input of higher management is | | |required. | |C) |subject to review by higher levels of management in order to prevent the budgets from becoming too loose. | |D) |not critical to the success of a budgeting program. |29. |Shocker Company's sales budget shows quarterly sales for the next year as follows: | | | | | |[pic] | | |Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. | | |Budgeted production for the second quarter of the next year would be: | |A) |7,200 units. |B) |8,000 units. | |C) |8,800 units. | |D) |8,400 units. | |30. |The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for $24 dollars and has a unit | | |variable cost of $18. The company has budgete d the following data for November: | | | | | | | | |* Sales of $1,152,000, all in cash. | | | | | | | |* A cash balance on November 1 of $48,000. | | | | | | | | |* Cash disbursements (other than interest) during November of $1,160,000. | | | | | | | |* A minimum cash balance on November 30 of $60,000. | | | | | | | | |If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at | | |2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during | | |November. | | | | | |The amount of cash that must be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 | | |cash balance is: | |A) |$20,000. | |B) |$21,000. | |C) |$37,000. | |D) |$38,000. | Use the following to answer question 31: The following materials standards have been established for a particular product: pic] |31. |What is the materials quantity variance for the month? | |A) |$1,740 U | |B) |$4,350 U | |C) |$4,590 U | |D) |$1,836 U | Use the following to answer question 32: The following standards for variable manufacturing overhead have been established for a company that makes only one product: pic] |32. |What is the variable overhead spending variance for the month? | |A) |$3,010 F | |B) |$3,010 U | |C) |$10,435 U | |D) |$10,435 F | Use the following to answer question 33: The following materials standards have been established for a particular product: [pic] |33. What is the materials quantity variance for the month? | |A) |$5,050 U | |B) |$5,125 U | |C) |$9,292 U | |D) |$9,430 U | Use the following to answer question 34: Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. [pic] During May, Arrow purchased 160,000 pounds of direct material at a total cost of $304,000. The total direct labor wages for May were $37,800. Arrow manufactured 19,000 units of product during May using 142,500 pounds of direct material and 5,000 direct labor hours. |34. |The direct material price variance for May is: | |A) |$16,000 favorable. |B) |$16,000 unfavorable. | |C) |$14,250 favorable. | |D) |$14,250 unfavorable. | |35. |Perkins Company, which has a standard cost system, had 500 pounds of raw material X in its inventory at June 1, purchased in May| | |for $1. 20 per pound and carried at a standard cost of $1. 00 per pound. The following information pertains to raw material X for | | |the month of June: | | | | |[pic] | | |The unfavorable materials purchase price variance for raw material X for June was: | |A) |$ 0. | |B) |$130. | |C) |$140. | |D) |$150. | |36. |If variable manu facturing overhead is applied on the basis of direct labor-hours and the variable overhead spending variance is | | |favorable, then the: | |A) |actual variable manufacturing overhead rate exceeded the standard rate. |B) |standard variable manufacturing overhead rate exceeded the actual rate. | |C) |actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output. | |D) |standard direct labor-hours allowed for the actual output exceeded the actual hours. | Use the following to answer questions 37-38: The Odle Company makes and sells a single product called a Kitt. Odle employs a standard costing system. Each Kitt has a standard cost of 5 pounds of material at $12 per pound and 0. 9 direct labor hours at $15 per hour. There were no inventories of any kind on June 1. During June, the following events occurred: – Purchased 17,000 pounds of material at a total cost of $190,000. – Used 15,000 pounds of material to produce 2,400 Kitts. – Used 1,900 hours of direct labor time at a total cost of $38,000. |37. |To record the incurrence of direct labor cost and its use in production, the general ledger would include what kind of entry to | | |the Labor Rate Variance account? | |A) |$ 9,500 credit. | |B) |$ 9,500 debit. | |C) |$15,200 debit. | |D) |$ 2,000 debit. | |38. |Odle Company purchased material on account. The entry to record the purchase of materials will include a: | |A) |credit to Work in Process. | |B) |debit to Accounts Receivable. | |C) |credit to Accounts Payable. | |D) |credit to Raw Materials Inventory. | Use the following to answer question 39: The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of August: – Actual cost of direct material purchased and used: $65,560 – Material price variance: $5,960 unfavorable – Total materials variance: $22,360 unfavorable – Standard cost per pound of material: $4 Standard cost per direct labor hour: $5 – Actual direct labor hours: 6,500 hours – Labor efficiency variance: $3,500 favorable – Standard number of direct labor hours per unit of Roff: 2 hours – Total labor variance: $400 unfavorable |39. |The labor rate variance was: | |A) |$3,900 favorable. | |B) |$3,900 unfavorable. | |C) |$3,100 unfavor able. | |D) |$3,100 favorable. | |40. |Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Type-R table is $7. 80 based | | |on six square feet of vinyl at a cost of $1. 30 per square foot. A production run of 1,000 tables in January resulted in usage of| | |6,400 square feet of vinyl at a cost of $1. 20 per square foot, a total cost of $7,680. The quantity variance resulting from the | | |above production run was: | |A) |$120 favorable. | |B) |$480 unfavorable. | |C) |$520 unfavorable. | |D) |$640 favorable. | Use the following to answer question 41: The Chase Company has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor-hours (DLHs). The company recorded the following activity and cost data relating to manufacturing overhead for October: [pic] |41. |The fixed overhead budget variance for September was: | |A) |$2,700 favorable. | |B) |$2,700 unfavorable. | |C) |$5,400 favorable. | |D) |$5,400 unfavorable. | Use the following to answer question 42: A furniture manufacturer has a standard costing system based on machine-hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: [pic] |42. What was the fixed overhead budget variance for the period to the nearest dollar? | |A) |$2,440 F | |B) |$1,200 U | |C) |$1,999 U | |D) |$704 F | Use the following to answer question 43: A manufacturing company has a standard costing system based on direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: [pic] |43. |How much overhead was applied to products during the period to the nearest dollar? | |A) |$79,118 | |B) |$76,035 | |C) |$77,440 | |D) |$80,145 | Use the following to answer question 44: The Chase Company has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor-hours (DLHs). The company recorded the following activity and cost data relating to manufacturing overhead for October: [pic] |44. |The amount of fixed overhead cost contained in the company's overhead budget for September was: | |A) |$45,900. | |B) |$54,768. | |C) |$49,920. | |D) |$47,703. | |45. |Baxter Corporation's master budget calls for the production of 5,000 units of its product monthly. The master budget includes | | |indirect labor of $144,000 annually; Baxter considers indirect labor to be a variable cost. During the month of April, 4,500 | | |units of product were produced, and indirect labor costs of $10,100 were incurred. A performance report utilizing flexible | | |budgeting would report a spending variance for indirect labor of: | |A) |$1,900 unfavorable. | |B) |$700 favorable. | |C) |$1,900 favorable. | |D) |$700 unfavorable. | Use the following to answer question 46: Wicks Company has established a flexible budget for manufacturing overhead based on direct labor-hours. Budgeted costs at 100,000 direct labor-hours are as follows: [pic] |46. |If Wicks Company plans to operate at 90,000 direct labor-hours during the next period, the flexible budget would show indirect | | |labor costs of: | |A) |$144,000. | |B) |$63,000. | |C) |$90,000. | |D) |$81,000. | Use the following to answer questions 47-48: The Steff Company has the following flexible budget (in condensed form) for manufacturing overhead: [pic] The following data concerning production pertain to last year's operations: – The company used a denominator activity of 15,000 direct labor-hours to compute the predetermined overhead rate. – The company made 6,850 units of product and worked 14,200 actual hours during the year. – Actual variable overhead was $15,904 and actual fixed overhead was $30,850 for the year. – The standard direct labor time is two hours per unit of product. |47. The fixed overhead budget variance was: | |A) |$3,450 unfavorable. | |B) |$3,450 favorable. | |C) |$850 unfavorable. | |D) |$1,200 favorable. | |48. |The fixed element of the predetermined overhead rate was (per DLH): | |A) |$4. 15. | |B) |$3. 00. | |C) |$2. 00. | |D) |$1. 15. | Use the following to answer question 49: Barrick Company has established a flexible budget fo r manufacturing overhead based on direct labor-hours. Total budgeted costs at 200,000 direct labor-hours are as follows: [pic] |49. |At an activity level of 170,000 direct labor-hours, the flexible budget for factory overhead would show the budgeted amount for | | |utilities as: | |A) |$ 85,000. | |B) |$140,000. | |C) |$160,000. | |D) |$100,000. | Use the following to answer question 50: The Steff Company has the following flexible budget (in condensed form) for manufacturing overhead: [pic] The following data concerning production pertain to last year's operations: – The company used a denominator activity of 15,000 direct labor-hours to compute the predetermined overhead rate. – The company made 6,850 units of product and worked 14,200 actual hours during the year. – Actual variable overhead was $15,904 and actual fixed overhead was $30,850 for the year. – The standard direct labor time is two hours per unit of product. |50. |The fixed overhead cost applied to work in process was: | |A) |$27,400. | |B) |$30,000. | |C) |$30,850. | |D) |$13,700. | Management Accounting Overall requirement * Explain how management accounting can supply information to assist the management of the organisation. * You are not required to investigate and report on the organisation’s actual management accounting system (even if you can find out). * You are to write a 1500 word report as though you were a management consultant writing to the board of directors. * WE DO NOT WANT ANY NUMBERS UNLESS YOU CREATE THEM TO DEMONSTRATE AN IDEA * This is like assessment 1a – you are to imagine and create! This is a report * It has an introduction A main body (see the next slides) * A conclusion How your marks will build up * Background to the organisation showing good reading of appropriate sources 25% * Review of the nature and role of management accounting 10% * An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. 50% * The strengths and weaknesses of your analysis  œ for example the additional information you would have liked in order to improve your analysis. 15% Background to the organisation The reason for this is to introduce your organisation (briefly) and to show what a manager in this organisation will do. Later you will show how m. a. helps. * A manager will make decisions about the organisation’s products, processes etc. – therefore your introduction will cover this. * This introduction will reveal the kind of problems that your organisation faces and must overcome. * We do not want the history of the organisation and any information that you will not use later. * Choose your organisation carefully – one that you can understand. You need to be able to imagine the kinds of decisions that a manager might make. Review of the nature and role of management accounting * A definition (with reference) * Some idea of what management accounting does and what it does not do. * Some examples of the techniques and methods of m. a. * You have been studying this since week 5 and so it should not be a problem * DO NOT TRY TO BE TOO CLEVER. IN PREVIOUS YEARS STUDENTS HAVE MENTIONED ABC, JUST IN TIME AND THROUGHPUT ACCOUNTING. Do not do this as you probably do not understand these techniques and will only show that this is so. Keep to what you know! An analysis of the organisation, showing its information needs, the management accounting techniques it might use and decisions it could then make. * This is the hard part that attracts the most marks * You are to link part 1 and part 2 – you organisation’s needs to the techniques and methods of management accounting * What does m. a. Do that will help this organisation? * How can it improve processes? * How can it compete better? * How can it choose between products? * How can it use m. a. for pricing? Planning, controlling, motivating, organising etc * Difficult – but you are applying what you have learned to the problems of the organisation. The strengths and weaknesses of your analysis * This was badly done in assessment 1b * WE DO NOT WANT THE S&W OF THE COMPANY * What aspects of your analysis are strong. Where do you feel that your recommendations are strong and secure? Give examples. * Where do you feel your recommendations are weak perhaps due to lack of information about the company or lack of your knowledge and experience of management accounting. Give examples. Management Accounting Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands as the second largest retail stores of the world with regard to its profits, with Walmart being the first.Tesco has its retail stores spread across almost 14 countries of the world of Asia, North America and Europe. Tesco public limited company is the market leader in its home country United Kingdom with a market share of almost 30%. Tesco was founded by Jack Cohen in 1919 which operated as a group of stalls in the market. After its inception today Tesco plc operates across diverse areas of clothing, electronics, furniture, books, financial services and internet services. Tesco is listed at the London Stock Exchange and is a part of the FTSE 100 index having a market capital of approximately ? 24. billion and a symbol of TSCO. Tesco has been operating with seven business segments, namely, Tesco Superstores, Tesco express, Tesco metro, Tesco extra, One stop, Tesco Homeplus, and Dobbies. The market share of Tesco as recorded in 2012 was 30. 2% which was the highest as compared to its European counterparts. Tesco has developed its marketing headline to be, â€Å"Every little helps†. The tag line is represented in all the print and TV advertisements of Tesco which represents the value that Tesco offers to its customers against the price that they pay, with the value being more than the price of the products.Tesco not only works for company profits but also for the community at large in which it operates. Tesco has a value of contributing 1. 8% of its profi ts to the charitable organizations. Tesco has a culture based on its values of trust and respect. Tesco employees and management believe that the customers would come back to visit the stores for their shopping if they are satisfied with the products and the service. Tesco believes that the success of the company as a whole depends on the contribution of the employees and the customer satisfaction.Management accounting is also used in making strategic management decisions (Dixon & Smith, 1993) . Tesco has seven core strategies on which it operates in the long run. The foremost strategy of Tesco is to grow the United Kingdom core business from where it started its operations and expanded globally. The United Kingdom being the largest business operating unit of Tesco generates the largest share of revenues and profits; therefore Tesco needs to develop this major segment of the business.Tesco also has a goal of being the world’s largest retailer which it has been able to achieve since 1997 and has become the leading retail store in almost eight of its international retail stores. Tesco was originally a food retailer when it started operating and from then onwards it has aimed at becoming the strongest brand in the non-food items as well. Besides the growth in the United Kingdom segment Tesco has also a strategy of growing its retail stores in the other markets in which it has presence. Tesco believes in serving the community and working for its welfare so that the corporate responsibility of Tesco is fulfilled.Tesco also aims to make high value brands at very competitive prices. Tesco aims to build brands that are highly appealing to the customers and also in providing the customers with quality products. Tesco also builds teams that are very committed to their work and has developed leaders who are dedicated and hard working. The leaders at Tesco have a major responsibility of building teams and working for the attainment of the organizational goals (Tesc o, 2013). Tesco works closely with the customers and continuously collects their feedback by engaging focus groups in the feedback collection process.The research center facilitates the identification of the research areas and the areas of concern in the profit centers. The customer feedback collected enables Tesco to make changes to the business processes so that they better meet the customer needs. Tesco also works closely with its suppliers to develop the best brands and also bring in a variety of offers for the customers. Tesco works with a number of suppliers including the FMCG companies and the local suppliers providing goods for the regional retail stores.Management Accounting Functions at Tesco Management Accounting is distinguished from Financial Accounting as being an accounting constituent that is concerned with the measurement, analysis and the reporting of information regarding the financial and non-financial operations of the business, and taking decisions which are ne cessary for the attainment of goals of the organization (Bhimani & Langfield, 2007). Management accounting is concerned with the attainment of organizational goals and for serving the strategies of the organization (Durden, n. , p. 2). Hence, management accounting is concerned with the accounting information which is intended to be used within the organization and for the achievement of the goals of the organization. Management accounting is used in organizations to make decisions regarding the competitiveness of the business by the collection, processing, and the communication of the information which will hence help the management of the business in planning, controlling and evaluating the processes of the business and the strategies of the company.The controllers in the large organizations are basically the leaders who run the management accounting function of the company and the controller then reports the accounting information to the finance heads which helps them in taking or ganizational wide decisions. At Tesco the management accountants are known for having a number of responsibilities including the collection of information from the different cost and profit centers, evaluation of the information, and the identification of the appropriate solutions to the problems faced by the cost or profit centers.The management accountants have a responsibility of identifying the appropriate and the most cost efficient distribution systems. This role of management accounting in Tesco is related to the establishment and administration of effective control mechanisms. Another management accounting function of Tesco is the sales forecasting, which is related to the identification of the needs of the customers, sales volumes and the effects of seasonal fluctuations on the sales. The management accountants have also the responsibility of ordering the right quantity of supplies at the right time.The management accountants are also responsible for developing cost, sales and profit budgets and to make capital investment plans. The management accountants also are responsible for the comparison of the plans and budgets with the benchmarks set and the identification of the discrepancies. The management accountants work towards taking the corrective measures in case of variances between the actual and the standard budgets. The task of standard costing is assigned to them which they use to take decisions which are useful for achieving the organizational goals.The group strategy section of the financial reports shows the management roles in Tesco. The customer researches are conducted to know the extent of their satisfaction and their needs. The management accountants also plan the growth rates in the different markets across the world. The management roles are also highlighted in the capital expenditures section of the annual reports of Tesco. The capital expenditure plans are made by the management accountants. Tesco has planned for major capital expend itures which will enable it to diversify and move into expansion phases worldwide throughout all its retail chains.The management accountants are also responsible for evaluating and critically analyzing the cash position of Tesco. The management accountants are charged with the responsibility of generating cash sources and reducing the capital expenditures of the retail stores. The working capital is reduced in 2012 which has enabled Tesco to have increased cash inflows (TESCO, 2012). Functions of Modern Management Accounting at Tesco The roles of management accountants in the modern era have increased and have been very diverse in the organizations.The management accountants have many responsibilities including the formulation of accounting policies, statistical reports, administration of tax policies, coordination of the reports, preparation and the interpretation of the annual reports and the financial statements of organizations, audit of the accounting transactions and the reco rds, compilation of the business costs, costing and planning of inventories, and the interpretation of the statistical reports of the organization.At Tesco the management accountants are engaged in making budgets including annual as well as monthly budgets. The budgets prepared are used for planning the resources and the supplies required for the operations of the business. The management accountants at Tesco are responsible for looking ahead and predicting the future of the business. The management accountants prepare reports which are used within Tesco and are intended for internal use by the management rather than the outside stakeholders.The reports prepared are kept confidential because they serve as the basis of the development of the strategies of Tesco. The management accountants have a dual reporting role within Tesco in that they are responsible for developing and managing the teams within Tesco and at the same time reporting to the chief financial officers and the financi al departments. The management accountants at Tesco provide information related to the forecasts and plans, they perform variance analysis and monitor the cost centers.Therefore they serve to be the controllers as well as the financial planners for Tesco. The management accountants gather financial information from all the department of Tesco, organize the data, analyze and interpret and then report their findings to the financial departments of Tesco. Therefore, the management accounting plays a very key role in Tesco. The management accounting over the years have also developed many management systems (Anthony & Govindarajan, 2007).The management accountants are reported to by all the accounting departments and they are responsible for presenting their financial suggestions to the financial executives for the implementation of the plans. The management accountants at Tesco are therefore charged with the overall responsibility of managing and interpreting very large amounts of acco unting information, and then reporting their findings to the chief financial officers. References Tesco PLC. (2013). Our Strategy. Retrieved from: http://www. tescoplc. com/index. asp? pageid=12 Tesco PLC. (2012).Annual Report and Financial Statements. Retrieved from: http://www. tescoplc. com/files/reports/ar2012/files/pdf/tesco_annual_report_2012. pdf Durden, C. (n. d). The role of management accounting in organizational Control systems: preliminary evidence of an organic Approach. pp. 1-50. Retrieved from: http://www. afaanz. org/openconf/2008/modules/request. php? module=oc_proceedings&action=view. php&a=Accept+as+Paper&id=570 Anthony, R. N. , & Govindarajan, V. (2007). Management control systems. USA: Irwin/McGraw-Hill. Bhimani, A. , & Langfield-Smith, K. (2007). Management Accounting Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands as the second largest retail stores of the world with regard to its profits, with Walmart being the first.Tesco has its retail stores spread across almost 14 countries of the world of Asia, North America and Europe. Tesco public limited company is the market leader in its home country United Kingdom with a market share of almost 30%. Tesco was founded by Jack Cohen in 1919 which operated as a group of stalls in the market. After its inception today Tesco plc operates across diverse areas of clothing, electronics, furniture, books, financial services and internet services. Tesco is listed at the London Stock Exchange and is a part of the FTSE 100 index having a market capital of approximately ? 24. billion and a symbol of TSCO. Tesco has been operating with seven business segments, namely, Tesco Superstores, Tesco express, Tesco metro, Tesco extra, One stop, Tesco Homeplus, and Dobbies. The market share of Tesco as recorded in 2012 was 30. 2% which was the highest as compared to its European counterparts. Tesco has developed its marketing headline to be, â€Å"Every little helps†. The tag line is represented in all the print and TV advertisements of Tesco which represents the value that Tesco offers to its customers against the price that they pay, with the value being more than the price of the products.Tesco not only works for company profits but also for the community at large in which it operates. Tesco has a value of contributing 1. 8% of its profi ts to the charitable organizations. Tesco has a culture based on its values of trust and respect. Tesco employees and management believe that the customers would come back to visit the stores for their shopping if they are satisfied with the products and the service. Tesco believes that the success of the company as a whole depends on the contribution of the employees and the customer satisfaction.Management accounting is also used in making strategic management decisions (Dixon & Smith, 1993) . Tesco has seven core strategies on which it operates in the long run. The foremost strategy of Tesco is to grow the United Kingdom core business from where it started its operations and expanded globally. The United Kingdom being the largest business operating unit of Tesco generates the largest share of revenues and profits; therefore Tesco needs to develop this major segment of the business.Tesco also has a goal of being the world’s largest retailer which it has been able to achieve since 1997 and has become the leading retail store in almost eight of its international retail stores. Tesco was originally a food retailer when it started operating and from then onwards it has aimed at becoming the strongest brand in the non-food items as well. Besides the growth in the United Kingdom segment Tesco has also a strategy of growing its retail stores in the other markets in which it has presence. Tesco believes in serving the community and working for its welfare so that the corporate responsibility of Tesco is fulfilled.Tesco also aims to make high value brands at very competitive prices. Tesco aims to build brands that are highly appealing to the customers and also in providing the customers with quality products. Tesco also builds teams that are very committed to their work and has developed leaders who are dedicated and hard working. The leaders at Tesco have a major responsibility of building teams and working for the attainment of the organizational goals (Tesc o, 2013). Tesco works closely with the customers and continuously collects their feedback by engaging focus groups in the feedback collection process.The research center facilitates the identification of the research areas and the areas of concern in the profit centers. The customer feedback collected enables Tesco to make changes to the business processes so that they better meet the customer needs. Tesco also works closely with its suppliers to develop the best brands and also bring in a variety of offers for the customers. Tesco works with a number of suppliers including the FMCG companies and the local suppliers providing goods for the regional retail stores.Management Accounting Functions at Tesco Management Accounting is distinguished from Financial Accounting as being an accounting constituent that is concerned with the measurement, analysis and the reporting of information regarding the financial and non-financial operations of the business, and taking decisions which are ne cessary for the attainment of goals of the organization (Bhimani & Langfield, 2007). Management accounting is concerned with the attainment of organizational goals and for serving the strategies of the organization (Durden, n. , p. 2). Hence, management accounting is concerned with the accounting information which is intended to be used within the organization and for the achievement of the goals of the organization. Management accounting is used in organizations to make decisions regarding the competitiveness of the business by the collection, processing, and the communication of the information which will hence help the management of the business in planning, controlling and evaluating the processes of the business and the strategies of the company.The controllers in the large organizations are basically the leaders who run the management accounting function of the company and the controller then reports the accounting information to the finance heads which helps them in taking or ganizational wide decisions. At Tesco the management accountants are known for having a number of responsibilities including the collection of information from the different cost and profit centers, evaluation of the information, and the identification of the appropriate solutions to the problems faced by the cost or profit centers.The management accountants have a responsibility of identifying the appropriate and the most cost efficient distribution systems. This role of management accounting in Tesco is related to the establishment and administration of effective control mechanisms. Another management accounting function of Tesco is the sales forecasting, which is related to the identification of the needs of the customers, sales volumes and the effects of seasonal fluctuations on the sales. The management accountants have also the responsibility of ordering the right quantity of supplies at the right time.The management accountants are also responsible for developing cost, sales and profit budgets and to make capital investment plans. The management accountants also are responsible for the comparison of the plans and budgets with the benchmarks set and the identification of the discrepancies. The management accountants work towards taking the corrective measures in case of variances between the actual and the standard budgets. The task of standard costing is assigned to them which they use to take decisions which are useful for achieving the organizational goals.The group strategy section of the financial reports shows the management roles in Tesco. The customer researches are conducted to know the extent of their satisfaction and their needs. The management accountants also plan the growth rates in the different markets across the world. The management roles are also highlighted in the capital expenditures section of the annual reports of Tesco. The capital expenditure plans are made by the management accountants. Tesco has planned for major capital expend itures which will enable it to diversify and move into expansion phases worldwide throughout all its retail chains.The management accountants are also responsible for evaluating and critically analyzing the cash position of Tesco. The management accountants are charged with the responsibility of generating cash sources and reducing the capital expenditures of the retail stores. The working capital is reduced in 2012 which has enabled Tesco to have increased cash inflows (TESCO, 2012). Functions of Modern Management Accounting at Tesco The roles of management accountants in the modern era have increased and have been very diverse in the organizations.The management accountants have many responsibilities including the formulation of accounting policies, statistical reports, administration of tax policies, coordination of the reports, preparation and the interpretation of the annual reports and the financial statements of organizations, audit of the accounting transactions and the reco rds, compilation of the business costs, costing and planning of inventories, and the interpretation of the statistical reports of the organization.At Tesco the management accountants are engaged in making budgets including annual as well as monthly budgets. The budgets prepared are used for planning the resources and the supplies required for the operations of the business. The management accountants at Tesco are responsible for looking ahead and predicting the future of the business. The management accountants prepare reports which are used within Tesco and are intended for internal use by the management rather than the outside stakeholders.The reports prepared are kept confidential because they serve as the basis of the development of the strategies of Tesco. The management accountants have a dual reporting role within Tesco in that they are responsible for developing and managing the teams within Tesco and at the same time reporting to the chief financial officers and the financi al departments. The management accountants at Tesco provide information related to the forecasts and plans, they perform variance analysis and monitor the cost centers.Therefore they serve to be the controllers as well as the financial planners for Tesco. The management accountants gather financial information from all the department of Tesco, organize the data, analyze and interpret and then report their findings to the financial departments of Tesco. Therefore, the management accounting plays a very key role in Tesco. The management accounting over the years have also developed many management systems (Anthony & Govindarajan, 2007).The management accountants are reported to by all the accounting departments and they are responsible for presenting their financial suggestions to the financial executives for the implementation of the plans. The management accountants at Tesco are therefore charged with the overall responsibility of managing and interpreting very large amounts of acco unting information, and then reporting their findings to the chief financial officers. References Tesco PLC. (2013). Our Strategy. Retrieved from: http://www. tescoplc. com/index. asp? pageid=12 Tesco PLC. (2012).Annual Report and Financial Statements. Retrieved from: http://www. tescoplc. com/files/reports/ar2012/files/pdf/tesco_annual_report_2012. pdf Durden, C. (n. d). The role of management accounting in organizational Control systems: preliminary evidence of an organic Approach. pp. 1-50. Retrieved from: http://www. afaanz. org/openconf/2008/modules/request. php? module=oc_proceedings&action=view. php&a=Accept+as+Paper&id=570 Anthony, R. N. , & Govindarajan, V. (2007). Management control systems. USA: Irwin/McGraw-Hill. Bhimani, A. , & Langfield-Smith, K. (2007). Management Accounting Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands as the second largest retail stores of the world with regard to its profits, with Walmart being the first.Tesco has its retail stores spread across almost 14 countries of the world of Asia, North America and Europe. Tesco public limited company is the market leader in its home country United Kingdom with a market share of almost 30%. Tesco was founded by Jack Cohen in 1919 which operated as a group of stalls in the market. After its inception today Tesco plc operates across diverse areas of clothing, electronics, furniture, books, financial services and internet services. Tesco is listed at the London Stock Exchange and is a part of the FTSE 100 index having a market capital of approximately ? 24. billion and a symbol of TSCO. Tesco has been operating with seven business segments, namely, Tesco Superstores, Tesco express, Tesco metro, Tesco extra, One stop, Tesco Homeplus, and Dobbies. The market share of Tesco as recorded in 2012 was 30. 2% which was the highest as compared to its European counterparts. Tesco has developed its marketing headline to be, â€Å"Every little helps†. The tag line is represented in all the print and TV advertisements of Tesco which represents the value that Tesco offers to its customers against the price that they pay, with the value being more than the price of the products.Tesco not only works for company profits but also for the community at large in which it operates. Tesco has a value of contributing 1. 8% of its profi ts to the charitable organizations. Tesco has a culture based on its values of trust and respect. Tesco employees and management believe that the customers would come back to visit the stores for their shopping if they are satisfied with the products and the service. Tesco believes that the success of the company as a whole depends on the contribution of the employees and the customer satisfaction.Management accounting is also used in making strategic management decisions (Dixon & Smith, 1993) . Tesco has seven core strategies on which it operates in the long run. The foremost strategy of Tesco is to grow the United Kingdom core business from where it started its operations and expanded globally. The United Kingdom being the largest business operating unit of Tesco generates the largest share of revenues and profits; therefore Tesco needs to develop this major segment of the business.Tesco also has a goal of being the world’s largest retailer which it has been able to achieve since 1997 and has become the leading retail store in almost eight of its international retail stores. Tesco was originally a food retailer when it started operating and from then onwards it has aimed at becoming the strongest brand in the non-food items as well. Besides the growth in the United Kingdom segment Tesco has also a strategy of growing its retail stores in the other markets in which it has presence. Tesco believes in serving the community and working for its welfare so that the corporate responsibility of Tesco is fulfilled.Tesco also aims to make high value brands at very competitive prices. Tesco aims to build brands that are highly appealing to the customers and also in providing the customers with quality products. Tesco also builds teams that are very committed to their work and has developed leaders who are dedicated and hard working. The leaders at Tesco have a major responsibility of building teams and working for the attainment of the organizational goals (Tesc o, 2013). Tesco works closely with the customers and continuously collects their feedback by engaging focus groups in the feedback collection process.The research center facilitates the identification of the research areas and the areas of concern in the profit centers. The customer feedback collected enables Tesco to make changes to the business processes so that they better meet the customer needs. Tesco also works closely with its suppliers to develop the best brands and also bring in a variety of offers for the customers. Tesco works with a number of suppliers including the FMCG companies and the local suppliers providing goods for the regional retail stores.Management Accounting Functions at Tesco Management Accounting is distinguished from Financial Accounting as being an accounting constituent that is concerned with the measurement, analysis and the reporting of information regarding the financial and non-financial operations of the business, and taking decisions which are ne cessary for the attainment of goals of the organization (Bhimani & Langfield, 2007). Management accounting is concerned with the attainment of organizational goals and for serving the strategies of the organization (Durden, n. , p. 2). Hence, management accounting is concerned with the accounting information which is intended to be used within the organization and for the achievement of the goals of the organization. Management accounting is used in organizations to make decisions regarding the competitiveness of the business by the collection, processing, and the communication of the information which will hence help the management of the business in planning, controlling and evaluating the processes of the business and the strategies of the company.The controllers in the large organizations are basically the leaders who run the management accounting function of the company and the controller then reports the accounting information to the finance heads which helps them in taking or ganizational wide decisions. At Tesco the management accountants are known for having a number of responsibilities including the collection of information from the different cost and profit centers, evaluation of the information, and the identification of the appropriate solutions to the problems faced by the cost or profit centers.The management accountants have a responsibility of identifying the appropriate and the most cost efficient distribution systems. This role of management accounting in Tesco is related to the establishment and administration of effective control mechanisms. Another management accounting function of Tesco is the sales forecasting, which is related to the identification of the needs of the customers, sales volumes and the effects of seasonal fluctuations on the sales. The management accountants have also the responsibility of ordering the right quantity of supplies at the right time.The management accountants are also responsible for developing cost, sales and profit budgets and to make capital investment plans. The management accountants also are responsible for the comparison of the plans and budgets with the benchmarks set and the identification of the discrepancies. The management accountants work towards taking the corrective measures in case of variances between the actual and the standard budgets. The task of standard costing is assigned to them which they use to take decisions which are useful for achieving the organizational goals.The group strategy section of the financial reports shows the management roles in Tesco. The customer researches are conducted to know the extent of their satisfaction and their needs. The management accountants also plan the growth rates in the different markets across the world. The management roles are also highlighted in the capital expenditures section of the annual reports of Tesco. The capital expenditure plans are made by the management accountants. Tesco has planned for major capital expend itures which will enable it to diversify and move into expansion phases worldwide throughout all its retail chains.The management accountants are also responsible for evaluating and critically analyzing the cash position of Tesco. The management accountants are charged with the responsibility of generating cash sources and reducing the capital expenditures of the retail stores. The working capital is reduced in 2012 which has enabled Tesco to have increased cash inflows (TESCO, 2012). Functions of Modern Management Accounting at Tesco The roles of management accountants in the modern era have increased and have been very diverse in the organizations.The management accountants have many responsibilities including the formulation of accounting policies, statistical reports, administration of tax policies, coordination of the reports, preparation and the interpretation of the annual reports and the financial statements of organizations, audit of the accounting transactions and the reco rds, compilation of the business costs, costing and planning of inventories, and the interpretation of the statistical reports of the organization.At Tesco the management accountants are engaged in making budgets including annual as well as monthly budgets. The budgets prepared are used for planning the resources and the supplies required for the operations of the business. The management accountants at Tesco are responsible for looking ahead and predicting the future of the business. The management accountants prepare reports which are used within Tesco and are intended for internal use by the management rather than the outside stakeholders.The reports prepared are kept confidential because they serve as the basis of the development of the strategies of Tesco. The management accountants have a dual reporting role within Tesco in that they are responsible for developing and managing the teams within Tesco and at the same time reporting to the chief financial officers and the financi al departments. The management accountants at Tesco provide information related to the forecasts and plans, they perform variance analysis and monitor the cost centers.Therefore they serve to be the controllers as well as the financial planners for Tesco. The management accountants gather financial information from all the department of Tesco, organize the data, analyze and interpret and then report their findings to the financial departments of Tesco. Therefore, the management accounting plays a very key role in Tesco. The management accounting over the years have also developed many management systems (Anthony & Govindarajan, 2007).The management accountants are reported to by all the accounting departments and they are responsible for presenting their financial suggestions to the financial executives for the implementation of the plans. The management accountants at Tesco are therefore charged with the overall responsibility of managing and interpreting very large amounts of acco unting information, and then reporting their findings to the chief financial officers. References Tesco PLC. (2013). Our Strategy. Retrieved from: http://www. tescoplc. com/index. asp? pageid=12 Tesco PLC. (2012).Annual Report and Financial Statements. Retrieved from: http://www. tescoplc. com/files/reports/ar2012/files/pdf/tesco_annual_report_2012. pdf Durden, C. (n. d). The role of management accounting in organizational Control systems: preliminary evidence of an organic Approach. pp. 1-50. Retrieved from: http://www. afaanz. org/openconf/2008/modules/request. php? module=oc_proceedings&action=view. php&a=Accept+as+Paper&id=570 Anthony, R. N. , & Govindarajan, V. (2007). Management control systems. USA: Irwin/McGraw-Hill. Bhimani, A. , & Langfield-Smith, K. (2007).