Describe marketing techniques used in a business

Pl Describe marketing techniques used in a business kayaks Marks & Spencer Marketing Strategy Facets Company overview Marks and Spencer (M&S) is one of the Auk's largest and longest surviving brands and High Street retailers in the private sector. From humble beginnings in 1884 as a small bazaar, the store saw itself grow into the Auk's market leader In quality clothes retailing up until rand sass, however more recently, the company has suffered consecutive falls in clothes and food sales over the last twelve quarters.Whilst it still holds a respectable 11% of the market share there are concerns that this percentage ill continue to shrink as competition increases from other clothes and lifestyle retailers. M&S's challenge is to regain its growth It was once renowned for. M growth strategies through market penetration Market penetration is where an organization increases its market share of an existing product or service. Store refurbishment. Aware that their brand had become tired, i n 2011 M spent Been on store refurbishments to give their customers a better shopping experience.This included providing more space for the customer and more changing rooms. Recruitment of new staff for flagship branches and provision f quality training for maximum customer satisfaction and a more personal service than It has ever provided in the past. Opening of 150 more M food only stores nationwide in the next three years to compete in the small supermarket's industry. M&S growth strategies through product development Product development is where a company brings a new product or service to market or improves an existing product or service.M&S were originally known for clothing products; however they now have a wide range of products and services to satisfy their customer needs. Introduction of new exotic and diverse prepared food, for example introduction of haggis to all food stores. Provision of quality cafe © facilities in its main stores so customers were inclined to spend more time and money in the stores. Introduction of new product ranges such as birthday cards and In-house designer ranges. Launch of the new M&s. mom as direct competition to Next online, bringing a new method of shopping for its existing customers. M&S growth strategies through market development Market development Is where an organization promotes Its existing products or arrives in a new market, e. G. Overseas, for example. With potential for over 250 new 1 OFF their product ranges reach a wider customer base. Expansion of their franchise business in Western Europe. Launch of M&S. com will provide a global reach for customers for maximum market development.M&S growth strategies through diversification Diversification is where an organization produces products or services which are very different to its core activities, so that new products/services are being introduced to new markets. M&S have introduced their own bank and have attracted a number of customers interested in an al ternative to the main high street banks. The company has launched its own mail order service alongside new gifts, hamper and flowers online business. Introduction of pet/car/home/travel insurance to compete in the insurance market.Customers can now manage their household energy provision through meanderer's. Com as the company rivals other brand utility companies. M survival strategies A survival strategy is where an organization reduces costs or cuts back to either simply survive as a whole business or recover in parts of their operations. M's cent market share decline has caused senior management to review their supply chain efficiencies to improve margins wherever possible. The company is constantly looking to reduce costs wherever they can.Outsourcing of delivery services. The company is striving to seek quality fabrics at lower prices with its suppliers. M&S branding strategies Branding is where a company has a consistent theme which is easily recognized by its customers. M&S h as built its reputation on quality and trust reinforced by its â€Å"Only M&S† campaign † Leading actors and personalities have been recruited to revive familiar yet aspiration qualities to promote the brand through a series of television, magazine and billboard advertisements.M&S prides itself on its refund service and has built a reputation of always providing customers either refunds or store vouchers regardless of how old the item they return is. Their recent 130 year birthday played a large part in their brand promotion, building on nostalgia and trust from its valued customers. M&S relationship marketing strategies Relationship marketing is where an organization focuses on the long-term allegations it has with a customer by identifying their needs and providing products and services which satisfy those needs.The provision of M&S loyalty cards has provided an excellent platform for collection of customer data which the company those needs. M&S have an excellent tra ining programmer where its staff are taught how to become ‘closer' to the customer in order to provide them with products and services they might not already be aware of e. G. The role of the personal shopper. M&S banking use relationship marketing strategies to provide financial products for all areas of a customer's needs.

Case Study for Final Exam Essay

Green Cabs is an environmentally friendly taxi company in New Zealand which was founded in late 2007 by Callum Brown and three other partners. Green Cabs now operates a multi-million dollar business in three main centres of New Zealand – Auckland, Wellington and Christchurch. The company is also contemplating expanding into other areas with its distinctive bright green taxis. Callum Brown is the primary inspiration behind Green Cabs. However, you could argue that Al Gore provided the initial spark for Callum to start thinking about being more environmentally conscious personally. Callum is in his 30s and has spent 10 years working in information technology for various government departments and private sector companies as a business analyst. He grew up close to nature and enjoyed activities such as surfing and tramping. All these things kept Callum close to nature. Despite his love affair with nature, Callum was quite sceptical of climate change. He explains: I thought – how can you tell that there is global warming when we’ve only been taking recordings on temperature for the past whatever, how many years. Hence, it could be seen as fairly surprising that Callum founded a green business! This personal awakening was a direct result of watching Al Gore’s documentary, An Inconvenient Truth. Little did he know at this stage that a major business opportunity would come from his new environmental consciousness. The impetus for the business idea came when Callum was at work. He travelled extensively for work and consequently found himself catching a lot of taxis. It was on one such overnight trip to Auckland that he became aware of the huge amount of carbon emissions he was generating through travel. He elaborates: I sat there watching all the taxis come and drop people off and thought about the emissions and everything they were producing; there’s got to be a better way than this. Why is there no eco-friendly option and that was the light bulb moment, and saying, ah, why not? Following this light bulb moment, Callum contacted a former colleague who was  also a taxi driver. Together the pair set about establishing an environmentally conscious taxi service with two other partners. They struck the New Zealand taxi industry at what they called a lucky time. The government had just tightened legislation to make it consistent for all operators. The Land and Transport Authority was supportive and helpful in making sure everything the emerging Green Cabs did was in line with the new legislation. The Authority too was excited by what Green Cabs was hoping to achieve. Once started, Green Cabs experienced rapid growth and within six months had approximately 85 cabs and self-employed drivers and employed 15 support staff (mostly in its 24-hour call centre). Callum never had aspirations to become an entrepreneur, nor any experience in business ownership, but his extensive work background as a business analyst made him feel he was well equipped to investigate whether the Green Cabs idea would be successful. In fact, prior to coming up with the business idea Callum felt afraid of the risk involved in having his own business. However, once he had the idea, these risks vanished: I was so passionate about Green Cabs, once I had the idea, there were no perceivable risks for me. That was how strong the drive was to do it . . . It’s like I’ve never doubted for a moment that Green Cabs was going to succeed. It has. Any concerns Callum had about risk were dissipated when he took on a number of business partners to share the risk. These business partners all understood and were sympathetic to the worsening state of the environment and to Callum’s vision for the company. Callum’s vision resulted in a company which entered the taxi industry with the goal of achieving much more than a traditional taxi firm. Green Cabs wanted to force change, to preserve the environment and inform the public about climate change. This meant a whole new way of thinking about business and the principles of the business founders were intertwined with the business model. Green Cabs offers the same basic service as any other taxi company. The key difference is that it is an environmentally conscious company. The main means of the company being environmentally friendly is that its vehicles are hybrids (Toyota Prius). There are substantially fewer ongoing running costs in providing the service. Green Cabs passes these savings onto consumers and is therefore able to offer considerably lower prices than its competitors. It already is forcing change in the taxi industry with many competitors rapidly switching to hybrids  because they can see they will save on emissions a nd fuel costs. The difference between these competitors and Green Cabs is that those changing due to lower running costs do not necessarily have environmental concerns at the forefront of their decision making as does Green Cabs. Indeed, sceptics could argue that the competition is switching because it is losing market share to Green Cabs and is attempting to imitate the service. Therefore, Green Cabs has been successful in changing behaviour in the industry to being more environmentally friendly, but this has come at a cost to the business, as Callum explains: I have had such an impact on the market that I had planned, that they (competitors) are now switching. Now, from an environmental point of view, it’s fantastic that I could have that impact, but from a business point of view it’s not good. However, competitors are still failing to offset their carbon emissions whereas Green Cabs prides itself on being carbon neutral. To achieve this Green Cabs drives only the Toyota Prius, the car it considers to be the best option for lessening the impact on the environment. The remainder of its carbon emissions are ‘paid for’ by providing funding for trees to be planted (predominantly in the developing world). Green Cabs donates to ‘Trees for the Future’, an organisation that has already organised the planting of 50 million trees, which retrieve approximately a million tonnes of carbon from the atmosphere annually (www.greencabs.co.nz). Green Cabs also ‘pays off’ its carbon debt prior to its accrual. That is, it calculates its future carbon footprint (down to the number of squares of toilet paper used) for the next year and funds the planting of sufficient trees to offset this before it emits the carbon. Although this is one of the key environmental strategies Green Cabs carries out, it actually is sceptical of buying carbon credits. This is because this carbon strategy essentially dispatches the problem to someone else; it does not help reduce the carbon in the atmosphere. As such, Green Cabs aims to both reduce carbon and offset before it accumulates. The business model of Green Cabs is based on the premise that the customer has a greater connection with the product or service. By using Green Cabs customers will feel part of a greater commitment to the environment and they will choose Green Cabs product over the competitors. As Callum notes, the  business model is win-win for both consumers and the environment: It is cheaper, it’s eco-friendly, it’s quieter, you’ve got a pleasant driver, we do a whole lot of feel good stuff as well. Give me a reason why you wouldn’t take a Green Cab. Green Cabs target market is the corporate sector and government departments. However, they pay tribute to the ‘grassroots’ support they have received. This is from people who have seen what Green Cabs are doing and even if their company has no agreement with Green Cabs, when they take a taxi they want it to be a Green Cab. Callum has also noted that younger people are more environmentally aware and appreciate the choice they are being offered in Green Cabs. One future development is for Green Cabs to install roof signs on their vehicles to promote the environment. These will not be advertising signs for businesses but to say something individuals can do for the environment. Green Cabs intend to use advertising space on their vehicles to promote the environment, not fizzy drinks or the like! FINDING BALANCE BETWEEN THE ENVIRONMENT AND PROFIT ‘For me anyway, it’s not just about turning a profit.’ – Callum Brown Finding a balance between profit and the environment can be a difficult one. To be successful in Callum’s view, you have to understand and have faith that doing things and sticking closely to the set of values that the company started with is what is going to bring success. Too much compromise for business then you will compromise the overall success of the business. The business might still be profitable but will not captivate the public into changing their behaviour regarding the environment. These environmental values are held firm by Green Cabs and are an underlying part of their distinctive business model. Callum elaborates: If we compromise on those values then that put us at risk of just being like any other taxi company out there and doesn’t set us apart. Following through on their commitment to the environment easy for Green Cabs and they suggest that other should look at the environment differently in their businesses. For example, Callum is frustrated by talk about how much it costs to offset carbon emissions. He suggests people fail to see that the whole process is a cost saving exercise. In becoming sustainable, businesses look at ways of reducing  electricity, travel and so forth. All of these areas can reduce a company’s carbon footprint while also reducing their overall costs. Their commitment to the environment is one side of the equation in Green Cab’s business model. The business must be sustainable and there are investors, franchisees and employees who expect returns from their input into the business. Callum is conscious of this need to make a profit, but he has some boundaries: I want to make some money but at the end of the day, I don’t even need a million dollars a year to live on . . . I really like my life in New Zealand, I like the things that I do and the things that I do don’t cost a lot of money. Callum has found that as the business has grown, more investors (such as potential franchisees) are becoming better aligned with his personal views on the environment. However, that is not necessarily the case for all employees of the company, as Callum notes: I have people working for me who don’t have necessarily the same value set. I mean they’ve got good values and wouldn’t be here if they didn’t but to the degree where mine are – no, they’re not anywhere near there. In April 2009, Green Cabs has grown to 16 employees and 104 drivers. The business has many opportunities to grow their business into other location and other services (e.g. courier services). As the business continues to grow Green Cabs are looking towards carbon neutral certification, and implementing ISO 14001 and 14064 certifications. The ongoing financial success of the company is also attracting more interest from other investors who are not necessarily focused primarily on the environment, but see Green Cabs as a solid investment opportunity.

Controversy analysis essay Example | Topics and Well Written Essays - 1000 words

Controversy analysis - Essay Example The research question that interests me much is the one that tries to explore the positive and negative effects of abortion (Do the pros of abortion outweigh the cons of abortion to support its legality?) The most interesting thing observed a legal limit of 24 weeks that is safe for abortion. The most convenient time is said to be 12 weeks after conception. This is further explained in that the longer the pregnancy is, the harder the process of abortion becomes. 1. What is something interesting you read in the first article that you didn’t know before? The most interesting thing learnt on the first article on abortion is that most of the modern methods of abortion are safe and do not cause health issues such as infertility and mental health to the person involved. This is as compared to the traditional methods which caused even death of both the mother and the fetus.These methods also give the option to terminate pregnancies, which are viewed to have abnormalities. 2. What is something interesting you read in the second article that you didn’t know before? Both heterosexuals and homosexuals should be given equal rights .this is further explained in that sexual orientation is more determined by nature rather than nurture. Individuals in both do not have any control in the way they are sexually oriented. Both of these topics (abortion, gay rights) are controversial since they seem to go against the rules and regulations of morality in the society. They are usually not easily accepted in the society as they seem to go against the norms or what people view to be right or wrong. Few people can go publicly advocating them or confess to involve in any of the two. The age at which an individual can undergo the process of abortion without exposing her to health problems, the views that teenagers have on abortion and reproductive health and how they

National bank regulation of commercial bank Term Paper

National bank regulation of commercial bank - Term Paper Example Nevertheless, every banking institution come under the regulatory fold either under a state government of federal body. The regulations are enforced in many respects and cover many aspects. The Federal Reserve The Federal Reserve, the Fed, can be called as banker's bank and a regulator of majority of commercial banks and financial institutions and also country's money manager. The Federal Reserve is the United States central bank. This is the biggest regulatory body of the nation. All national and commercial banks take cue from the Fed in their day to day activities. The Fed's mandates aims at promoting sustainable growth, stability of prices, high levels of employment, and maintain the purchasing power of the dollar keeping moderate long-term interest rates. In the U.S, the term ‘National bank’ has a clear definition: those who come under the purview of the National Bank Act. They are supervised by the Office of Comptroller of the currency (OCC), under US Treasury Depar tment. Banks forms under this act are required to follow the designation â€Å"National Association† or in short â€Å"N.A.† in their title so as to indicate their affiliation with the governing body. Many banks however are regulated by the state governments under respective state laws. Deposits of National and State banks are insured by the FDIC, known as Federal Deposit Insurance Corporation. It should be noted that banking regulations in US are not governed by a single body unlike UK or Japan. The U.S banking sector works under the highly-regulated environments in the world. Some of them can be listed as anti-money laundering, anti-usury lending, fraud prevention, promotion of lending to lower-income population, disclosures and many more. It will be worthwhile to have a look at some of the regulations that are in force to regulate the various aspects of national or commercial banks. Anti-Money Laundering and Anti-terrorism Certain acts are promulgated to control mon ey laundering activities which are stated as per the following. (Regulations) The Bank Secrecy Act This act has been formulated keeping in mind money laundering aspects where in all national or commercial establishments are required to assist government agencies. Banks under this act keep necessary records that are necessary to detect the suspicious activities of the transactions exceeding $10,000 on aggregate daily basis. (Regulations) USA Patriot Act This act necessitates banks to place limits on new accounts until the identity of account holder is verified. (Regulations) Deposit Account Insurance Regulation It was Glass–Steagall Act who paved the way for Federal Deposit Insurance Corporation (FDIC) for insuring deposits at commercial banks. In 1933, U.S was the first country to implement insurance for deposit holders to protect the depositors from bankruptcy of the banks. (Regulations) Regulation D or Withdrawal Limits Federal Reserve has put a limit on number of withdrawa ls and transfers from any saving or money market account. This regulation is applicable to all U.S banking institutions who offer such accounts. The limit is placed at six for all outgoing transactions through any method. Lending Regulations Regulation Z or the Truth in Lending Act (TILA) of 1968 is meant for consumer credits that informs the standard interest rate

Groupbased assignment for Financial data analysis Essay

Groupbased assignment for Financial data analysis - Essay Example The report analyses the risk and return of these two companies. Then the cost structure of these companies is compared. The first part of the report focuses on calculating the means and the variances of the two companies. 'Mean' provides a measure of average return to investors while the 'variance' and hence the 'standard deviation' indicate risk. The second part of this report focuses on calculating the cost of capital for DGSE COMPANIES INC to aid the appraisal of a project under scrutiny. The cost of capital is the "opportunity cost of an investment; that is, the rate of return that a company would otherwise be able to earn at the same risk level as the investment that has been selected". CAPM will be used as the model. The equity cost of capital is found by accumulating the data relating to the company's and market returns at different points in time. The calculations yield a mean value of 0.026557 for DGSE COMPANIES INC and 0.014395 for PUBLIC SERVICE ENTRP GRP INC. These figures can be interpreted as for an investor investing $1 in DGSE COMPANIES INC and $1 in PUBLIC SERVICE ENTRP GRP INC, after a month he will get an average holding period return of 2.6 cents and 1.4 cents on his investments respectively. The Variance and the closely related Standard Deviation are measures of dispersions, which indicate how the possible values are spread around the mean and are an indicator of risk. For the purpose of calculations, the following formula is used for variance: As per the calculations, the monthly variance for DGSE COMPANIES INC is 0.0401 (4.01 %) and for PUBLIC SERVICE ENTRP GRP INC is 0.0050 (0.5%). The square roots of these figures give the monthly standard deviation which equals 0.200 (20%) and 0.0707 (7%), respectively. The Variance is indicative of volatility, hence the risk. It indicates how risky the investment is. A Comparison of risk and return of the two companies will give a clear idea. Table 1. RISK - RETURN RELATIONSHIP S.No Company Name Risk (%) Variance Return (%) - Mean 1 DGSE COMPANIES INC 4.01 2.6 2 PUBLIC SERVICE ENTRP GRP INC 0.5 1.4 The famous phrase "Higher the risk, higher the return" holds well in our case. Chart 1 Source: Primary Table 2. YEAR WISE RETURN COMPARISON YEAR DGSE PUBLIC 1997 0.0932 0.0212 1998 0.0418 0.0270 1999 0.0895 -0.0058 2000 0.0449 0.0401 2001 -0.0188 0.0034 2002 -0.0849 -0.0142 2003 0.0806 0.0318 2004 0.0199 0.0202 2005 -0.0269 0.0229 2006 0.0261 0.0063 Chart 2 Source: Primary CALCULATION OF MINIMUM VARIANCE PORTFOLIO S.No Company Name Risk (%) Variance Return (%) - Mean 1 DGSE COMPANIES INC 4.01 2.6 2 PUBLIC SERVICE ENTRP GRP INC 0.5 1.4 The total portfolio return considering equal proportion of each companies share is (0.5)*2.6 + (0.5)*1.4 = 2% By Trial and error method, the minimum variance portfolio is arrived at respective

12 angry men film analysis Essay Example | Topics and Well Written Essays - 1000 words

12 angry men film analysis - Essay Example The movie â€Å"12 Angry Men† (1957) by Brian Rathjen, deals with a case of capital murder involving a youth of Spanish- American dissent. The chief premise of this movie is to prove his guilt or innocence in front of a deliberating jury. This mini drama comprises of the prejudices and misconceptions of the jury in trying to arrive at the proper solution in the trial of first degree murder. The accused is a Hispanic - Latino, 18 years of age and the crime is the killing of his father by stabbing. During the trial, many of the incidents pointed towards the Latino being guilty. For example, the lost knife is found at the scene of the crime, the running away of the youth from the murder spot, while some witnesses heard screaming or saw the killing. In lieu of all this evidence, eleven members of the jury vote the boy guilty, except for Mr. Davis, one of the jury members who calls for a detailed discussion before granting his vote. This deliberation by the jury becomes a sort of study of the complex personalities of the jury members. It ranges from empathetic to merciless and from prejudiced to sheer arrogance. The leadership of this group can be best explained by the ‘Situational Theory’ ... o details of the facts involved, forming their own opinions in the judgment of others, some of the group showed a lack of interest and just wanted to conform to a particular situation. The group resolved these problems by a wider participation by the entire group in the decision making process, leading to better solutions to the problem. For example, all the eleven jury members join together in finding the accused guilty, but one juror Mr. Davis opposes this decision and calls for further investigation in order to arrive at the correct decision. 3. Climate: Describe the communication climate throughout most of the jury’s deliberations. What specific verbal and nonverbal behaviors contributed to this climate? The Climate during the jury’s deliberations was mixed. While some of them were more vocal about their opinions, there were others who were laid back during conversations and preferred to conform to a particular side. Since each member of the jury come from different backgrounds, they have their own frustrations and prejudices 3 which may prevent them from making the right decisions due to irrational thinking. Both verbal and non- verbal group behavior contributed towards the climate of communication of the jury. For example, juror number 7 displays a lack of interest in trying to reason out and find the right solution, while a few of the members felt that jurors five and eleven did not communicate much because of the backgrounds from which they came. 4. Conflict: Provide examples of substantive, procedural, and affective conflict. What were some of the conflict styles of group members? How successfully were conflicts resolved in the group? The first primary conflict in the case was disagreement on the verdict of guilt or innocence. While 11 jurors join together

The Major Social, Economic and Technological Changes between 1865 Essay

The Major Social, Economic and Technological Changes between 1865 and1895 - Essay Example African Americans, for instance, were enslaved and forced to work in white farms as well as industries without pay. This hampered them from making most of their economic development. However, this came to an end with the abolition of the southern slavery in 1865. Since then, African Americans have made tremendous progress in terms of development both socially and economically as noted by Finkelman (437). Economic ChangesIn the period under discussion, farming became intensified as agriculture became highly valued in the society. These changes can be attributed to the organizations that were formed to unite farmers at the national and state levels. There was also the Dawes Act (1887) which decides to break up Native American tribe by giving them land. Also, in the same period, more industries grew up during this period as trade increased. This was also as a result of literate population who became more innovative. Industrial growth was also intensified by agriculture.Technological cha ngesRailway transport highly improved due to the new technological inventions in the latter part of the 19th century. For instance, the invention of air breaks by George Westinghouse increased the safety of railway transport. In addition, the invention of Janney car couplers made it possible for railroad workers to connect cars. Communication also improved following the invention of the typewriter in 1868 by Christopher Sholes, according to Nash and Smith (173). In addition, photography was invented.

Credit-Default Swaps and the Fate of AIG Essay Example | Topics and Well Written Essays - 750 words

Credit-Default Swaps and the Fate of AIG - Essay Example The buyers of the credit mechanisms in most a cases are investors and the process of purchasing bond from the seller are comparable to the purchasing an indemnity contract (Rottleb, 2009). The payment done by the investor is characterized of it plagiaristic form that is always used as tradable security to the organization in question. The â€Å"Naked† credit default swaps are when an individual with no experience in dealing with CDS purchase the CDS protecting if from declining because of the upheavals in the economic conditions of the country. Naked credits purchasers are individuals taking a bet of non-payment to be sold to be sold to an individual who is a need of protection against a mechanism default (Pe?rez, 2011). The importance of CDS can not be underrated. It gives investors a break though to predict the changes within a default mechanisms or market catalogues to take suitable decisions regarding purchasing or selling CDS. An example is that an investor may profit to accrue proceeds from the excess of credit default swap from ‘basis trade’, since it combines various default mechanism with the cash bonds of an organization. The mechanism also opens up other avenues for speculations. A saver is at liberty in laying promises to take charge of a bond by promising the seller that he or she is fully liable incase of eventuality of a drop of CDS. An example is when a company A has certainty that company B is going to decline. It purchases bonds of unknown worth from the company to shield it against company C that was waiting to take over the assets of C on its fall. The CDS has the terms of its contract stipulated in the, in the ‘The International Swap and Derivates operation‘. The terms entail the deadline for protection of an organization from declining. Secondly, the terms also spell out the computation mechanisms to apply in determining the effectiveness off administrative function used on the transactions. Lastly, the term s also spell out the structure of the credit event that will lead to the payments of the cash used to insure an organization (Boberski, 2009). There are 2 forms of settlement for CDS associated with the settlement of the mechanisms are Physical or cash settlement. Physical Settlement and Cash Settlement Physical payment is the payment made by an investor to buys bonds to protect them from declining. The buyer investor pays the seller par value of the sold CDS. Cash settlement is the settlement the retailer pays the purchaser the variation par value of the CDS bought by a buyer or an investor. Synthetic Credit Default This is a debt that is taken with provision of security to acts as collateral for the debt taken. The debt taken is invested in other channels like CDS. Synthetic swap are based on the risk individuals take. The cons of synthetic CDS far outweigh its pros; thus it is not efficient. Disadvantages of Synthetic Credit Default Swap The use of synthetic CDS is not effective, since it is not given similar of financial support like the other available money souks because a risk taken by an individual will not be paid completely, rather the payments will be made in portions. Secondly, it requires different views from the stakeholders to

Scholarship Statement - Rail Club Essay Example | Topics and Well Written Essays - 500 words

Scholarship Statement - Rail Club - Essay Example Visit me during my office hours when you can because I would like for you to learn about the operations program we have at Cal Poly.† That encounter caused a 180 degree turn in my academic orientation, resulting in a change of my major to operations management and finance. The study of operations management enabled me to find my true passion for a professional career. Upon completing the Long Beach masters program in May 2012, I will be qualified to work for in the transportation industry. My penultimate goal is to have my own logistics conglomerate so that I can provide services to small and medium size companies that have worthy products ready to make a presence at the international level. My choice to major in operations management emerged logically out of a number of drives and passions. Operations management suffuses my whole being with passion because it is an industry where one as a manager or executive is confronted with daily challenges to meet operational goals, which requires being open to constant innovation of the system. I personally like to challenge myself and solve problems because it allows for growth as a professional within the job. A fast-paced, innovative, constantly changing workplace appeals to me and resonates with me psychically. Operations management is also a place where inefficiencies can be found.

The case Sons of Gwalia Ltd v Margaretic ( business law ) Research Paper

The case Sons of Gwalia Ltd v Margaretic ( business law ) - Research Paper Example First corporate legislation was created in 1862, since then corporate legislation has undergone and is undergoing through some dramatic, and other changes which are less dramatic but do bring effect over the corporate practices. Thus, social, legal and economic climate has since the first private corporation legislation, has been changed. Now, it has become different and Australian Securities and Investments Commission has recognized the requirement and need for the consumers’ confidence in the market, so that they could more informed and confident about the investment decision they would be undertaking. This change in ASIC commission behavior did not occurred by itself, the main cause and event behind this changing of character and care for the investors became when Australian Government started the active campaign for improving business opportunities and business investment in the country. Luka Margaretic, shareholder of â€Å"Sons of Gwalia Ltd† which is publicly lis ted company on Australian Stock Exchange, filed a legal process against the company demanding claims for damages caused by loss of the stock values of â€Å"Sons of Gwalia Ltd† gold mining company. ... This false claim of company gold reserves was making it problematic and challenging for the company to supply gold to their customers with whom they hard contractual agreement of the then fixed gold prices. Due to rise in gold prices and insufficient availability of gold stock in company reserves caused share price to drop substantially, thus providing reason to Luka Margaretic to file a lawsuit claiming damages. In order for capital markets to operate efficiently, market investors are required to possess accurate information and detail about the companies which are offering trade on the market. Therefore, Australian corporate laws have generated a surplus of corporate disclosure requirements which ensure that price-sensitive information, information which can have effect over the prices of the stock values of the company. These obligations include. Continuous Disclosure Transaction-specific disclosure obligation These rules are formulated by disclosure laws which are enforceable by a range of public and private preparations. However, this creation of private preparations to avoid the problems often can result the tension between prioritizing the parties involved. Though, the law has set off systems which favor, unsecured creditors over the members of the company, thus undermining the investment of the shareholder. Numerous decisions have been examined and the scope of the rules which are subordinated claims to become insolvency. The pinnacle of the development has been the sculptures misrepresentation which induced the purchase of the shares which had occurred in the secondary market; these were then forbidden and not allowed over the secondary market. Protections in Corporate Law for Creditors Corporate law provides numerous

Science and Technology Essay Example for Free

Science and Technology Essay Although Kerala had been existing from pre-historic times under various other names like Malabar, Malankara, Malayalam, Chera-nad, Cheralam, etc. it had not been a single political unit ever. The narrow strip of land, forming Kerala was divided into a number of small princely states till 1956, when various regions inhabited by Malayalam-speaking people, were unified. Even though, people in this territory dreamed of a single, united political unit for a long time, realization of that dream was impossible in earlier centuries, as different dynasties and local war-lords and European empire-builders, kept the land divided. Boundaries of the princely states changed, as wars between them were frequent. Thus, Kerala, throughout its history had been a divided land till half-a-century ago. Kerala being geographically isolated from the rest of India due to the long mountain range along its eastern border (The Western Ghats), had never become an integral part of any of the numerous empires and kingdoms which ruled the rest of India. Invaders like Hyder and Tipu Sulthan could not succeed in conquering the entire stretch of land and make it part of their empire. Cholas and Pandyas also could not keep Kerala under their power for long. Europeans also could possess only portions of Kerala, under them for limited periods. Thus, there never was a unified Kerala, as a political entity, in the long history of India, till unification in modern times. When finally it happened, unification of Kerala was enforced. Travancore wanted to become an independent nation with sovereignty – a sovereign state, fully self – governing and independent in foreign affairs. Advocating an American model government, Travancore had declared independence unilaterally just before the British granted freedom to India. But, that dream of a separate country in the Indian sub – continent, did not become a reality. Other princely states in India also had to abandon their dreams similarly. Under the new set-up that was emerging in India, all princely states had to give up their claims to sovereignty and merge with the Indian Union. So, under pressure, Travancore and Cochin princely states were unified in 1949. And it was made a state in the Republic of India on 26 January 1950. Still, only about half of Kerala was unified. The other half, called Malabar Revenue Division, continued to be part of Madras state, till re-organization of states on the basis of language, was carried out on 1 November 1956. Formation of modern Kerala, on the basis of the language (Malayalam) spoken in the territory,  was thus an enforced affair. Even though the privileged people in the old regimes tried to resist the unification and formation of Kerala, the majority of the people welcomed it.

Knowledge Management Is A Very Important Field Information Technology Essay

Knowledge Management Is A Very Important Field Information Technology Essay Nowadays, the knowledge management is a very important field to the organization. This is a new, abstract idea, and it is very hard to master it. An organization is considered a strong one if only it has a well-managed knowledge system. Because it is the specific intellectual assets that owned by each organization, it plays a true value key within the organization compared with many other things else. The knowledge captures, codification, transfer and creation is the system chain of the knowledge management, it includes: the explicit knowledge and tacit knowledge capture. In the present, many companies have faced the same problem of how to capture and store that knowledge efficiently for using in the future. Besides that, the knowledge management life cycle has been helping technique which data, information, and knowledge can use to support each other, identify main points, and capture the benefit of them. Basically, there are four models: Meyer and Zack Knowledge Management Cycle (1996), Bukowitz and Williams (2000), McElroy Knowledge management Cycle (2003), Wiig Knowledge Management Cycle (1993). Learning organization helps to create the improvement of the quality and performance of organizations, groups, and individuals.  This system programs goal is to aim to the development of how to get a better understanding of the challenges, techniques, and tools for planning and implementing the organizational development. Researching the learning organization has played a vital key, since the enterprises are facing with challenges and problems that they usually got in the fast developing economic every day. It is because the corporate knowledge management is the system that helps the business to consolidate in the market and also avoids the problems which are not essential. INTRODUCTION As mention above, knowledge management has a very important role on organization nowadays. It is the understanding and the skills of a personal or a group that help to solve the occurred problems more effectively and faster. Many modern organizations are facing an environment of global competition, it is the increasingly fierce driven by rapid changes in science, technology and the demands from its customers, and thus it is increasingly more and more difficult for the  independent labor and labor management. Learning organization somehow much likely a learning environment, it appropriates for all employees within an organization.  It is a place where employees can learn and exchange knowledge from each other.  Learning organization is a huge repository of knowledge which is started from many different sources.  It is also a brainstorming place for everyone to open their minds, creativity and inspiration. The purpose of this assignment will talk about learning organizations and how best practices can be shared through the organization. BODY LEARNING ORGANIZATIONS AND HOW BEST PRATICES CAN BE SHARED THROUGH THE ORGANIZATION KNOWLEDGE MANAGEMENT LIFE CYCLE Organization cannot know what data, information and knowledge mean; because they are very abstract. If organization just receive data, information and knowledge which do not process, recognize, analyze to useful source, they are so hard to do business or anything else. So, they need some technique which can put data, information, and knowledge on line, support each other, identify main points, and capture the benefit of them. From that point, four models are stabled. But what does each knowledge management cycle meaning? First of all The Zack Knowledge Management (KM) Cycle (1996) was found from the process of designing and developing for information products. (  [1]  ) Knowledge Management in theory and practice book Seeing on picture above, the Zack KM Cycle has five steps is acquisition notice to high quality of data or information; refine is a first place where valued is added, creating more and more useable data or information, or keep data or information for next using; store like as refine, but in store, it do not need to find new data, it just need to save it carefully, maybe physical or digital; distribute is important step because at here data and information is decided to move necessary place, how it use; and present, this is a step to appreciate value which was added at acquisition and refine steps. Second Bukowitz and Williams Knowledge Management (KM) Cycle (2000).This cycle have more steps than the Zack Knowledge Management Cycle. It involves two processes, and in every process, it has from three to four stages. For organizations manage, maintain, control and expand information to create new values, Bukowits and Williams KM cycle divide into two parts which always interdependent is shown as chart below: 2Knowledge Management in theory and practice book The first stage is Get; it includes finding significant information that needed to make decision. In the internet era, with the large amount of information that can be searched or captured, the problem is how to catch the right information which is necessary and useful for solving problem. The second step is Use; this step we use to combine all the right information that we have had into a clear way and easy to understand. The third step is Learn; learning is an important step, it emphasis how to create the completive advantages for an organization. Learning from the failures in the past to consolidate and complement for the existing knowledge, in order to avoid the similar failures or problems in the future. The Contribute is the fourth step of this cycle; this stage acquires people in the organization contribute what they have got. Sharing their own knowledge to the other people. This stage turns the personal knowledge into the organizations knowledge. The next step is the Assess; this is a complex step which is dealt by the high level of organization. Usually the organizational level will judge that knowledge to see if it is the right and needed knowledge for the future needs of the organization. It is very important because it relates to the success of the organization. The sixth step is The Build and Sustain; this step will make sure the knowledge that they have gained is the right one and keep it as the intellectual capital of the organization and use it as the competitive advantages against their competitors. The last step is the Divest; this step has used to quit of using the current knowledge that it is no longer bring or create the value, benefit for the organization. Next is the McElroy Knowledge Management (KM) Cycle (2003), 3Knowledge Management in theory and practice book Including to knowledge production and knowledge integration; but two processes are linked together by organizational knowledge. And rely on broadcasting, searching, teaching, and sharing, knowledge integration can find new knowledge, at the same time it can abolish old. Finally is the Wiig Knowledge Management (KM) Cycle (1993). I think Wiig KM Cycle is popularized until now because it can address how knowledge is built and used as individual, team or organization through four steps: Build knowledge, Hold knowledge, Pool knowledge and Use/ Apply knowledge. Although four steps happen independent but it helps business successfully. Pool knowledge Hold knowledge Build knowledge Use/ Apply knowledge Wiig Knowledge Management Cycle (1993) Build knowledge learn from all kind of sources (personal experience, book, media, peers, education and training) to obtain knowledge (means do ways to create new knowledge as research plan, innovation by individual, hire new people, etc.), analyze knowledge (collect what appears to be knowledge from obtain knowledge), synthesize knowledge (combine different ideas and facts into single idea and impression), codify and model knowledge (represent knowledge in mind, document knowledge through book and manuals) and organize knowledge (by specifies uses frequently asked questions (FAQs), or framework). For example, if someone wants to open Noodle restaurant, following the Wiigs KM Cycle, the first step, they must have restaurant plan, where they begin, hire employees (for cooking, servicing), how to decorate for place, how to promotion which people can know their store, services criteria which employers train their employees. Hold knowledge mean knowledge is in tangible form which held in mind, book or document, databases, etc. It consists remember knowledge, cumulate knowledge, embed knowledge and archive knowledge. We must save and arrange it logically. It will be easy to find and understand when we need to have a merger with other knowledge. Remaining above example, with hold steps, employers Noodle restaurant should find out about flavor, taste, decorations food, etc. after that, they must make recommendation to chef in order to cook right food. It is so necessary, because if chefs do not make satisfy customers taste, customers will not come back again, because they will think food is bad so they do not need to waste their money. Pool knowledge, it is shared or put together so that it can be used for a particular purpose. Individual or organization may pool knowledge in several ways, as if they can coordinate knowledge of collaborative teams, identify who know knowledge or consult about difficult problems or opinions with scholars. Restaurant will have two parts which need to deploy that, one for employees and one for customers. With employees, managers need to organize team work, every team do their own work. Sometimes, they should have competition between teams that create excitement and interesting at workplace. About customers, managers should always ash them about taste, decorated form, services of employees, satisfaction or not, etc. Customers will feel that they receive attention kindly; they will like and come back. That is useful for restaurant; they will know strength points to keep developing and weakness points which are changed. Use knowledge to perform work, projects, collect information, provide standard services, products, describe or analyze situation and scope problems. Other points, this step identify knowledge sources, options, determine risks and benefits. After, it decides what need to do, compare with others and create decision making process. So, in short, both of four knowledge management cycles are so important. Every cycle has it own special particularity. Because they are help organization identifying, and locating knowledge or knowledge source; but depending every cycle, it has their way to collect knowledge. For instance, the Zack Knowledge Management Cycle can be applying information to learning organization. Moreover, different business has unique information which is useful for them, so thanks to the Zack, people can discriminate many kinds of information. Or as people know, organizational memories are created from best practices and bad practices. Information is the main point to link all memories. From the Bukowitz and Williams knowledge management cycle, people can make decision, combine information, practice all information what they learn to real situations, or reject or repair failures. One more points, that all cycles can address how knowledge id built and used as organization. They are also depicting all respect of information, from the beginning as data to knowledge; it creates opportunities to manage knowledge so that the expected value added to organization. In the other hand, knowledge management can be influenced at several levels, such as people, product, process, and performance which make knowledge to improve performance of organization. Like knowledge management cycles, four levels inter-depend each other. Both of them are want to increase profit and revenue for organization. Thus, the link between leaning organization and knowledge management is unquestionable, because learning as the same as knowledge management cycle, in there idea, knowledge can change, apply new knowledge, and refine old knowledge. THE KNOWLEDGE CAPTURE, CODIFICATION, TRANSFER AND CREATION The knowledge capture, codification, transfers and creation is the system chain of the knowledge management, capturing knowledge is the basic step of all. The general problems of many companies which want to build an effective knowledge management system are how to capture and store that knowledge nowadays. Usually, there are two kinds of knowledge capture those are the explicit knowledge and tacit knowledge capture [  [4]  ]. The explicit knowledge is the general knowledge that popularize for almost people in the organizations, companies. They are codified as the documents, reports, text, recording clips, images, video clips which may contain subtitle and sound or not, etcà ¢Ã¢â€š ¬Ã‚ ¦ Sometimes they are expressed as the books, magazines and outspread to people. Thus, explicit knowledge is captured, codified and transfer easily among people, since that knowledge has shown themselves as a tangible (books, reports, documents, etcà ¢Ã¢â€š ¬Ã‚ ¦), everyone can approach and acquire from them. Somehow explicit knowledge has a big amount about quantity aspect, but doesnt have a really high value about the quality aspect. Because that knowledge has been mastered or absorbed by many people. The other kind of knowledge capture is the tacit knowledge (or experience) capture. This subject is much harder to master then the explicit knowledge. Because tacit knowledge has not been codified or written as the documents, reports; its repository is usually in peoples brain or mind and cannot be easily accessed or transferred among people. It is very hard to reason or demonstrate the tacit knowledge because it is the personal experience, belief, feelings or the sensitiveness on their work. Thus, the tacit knowledge is very hard to encode or document as text, video clips, recording clips, etcà ¢Ã¢â€š ¬Ã‚ ¦ then transferring among people [  [5]  ] For this reason, the transferring for tacit knowledge is pretty difficult. Beside the encouragement individuals to share their own knowledge to others, it is important to create a sharing environment such as building intranet webpage, internal blogs, holding some interview events among senior and staffs, etcà ¢Ã¢â€š ¬Ã‚ ¦ These activities will help transfer tacit knowledge into explicit knowledge for people to learn, codify and store them as the value knowledge used for organizations purposes. Brainstorming is also the best way to transfer knowledge among people in organization, this practice is not only help figure out the best solution for each problem, and it is also help to share individual experience. Hence, enriching the knowledge for both people and the organization, and also motivate the staffs continually learns from each other. RESEARCH THE LEARNING ORGANIZATION. Modern organizations are facing an environment of global competition is increasingly fierce driven by rapid changes in science, technology and the demands from our customers increasingly more difficult, the  independent labor and management more difficult.  To survive and thrive in the business environment  [6]  of these dynamic, organizations must constantly change to meet the demands of customers, employees, and market competition.  So learning organization created to improve the quality and performance of organizations, groups, and individuals.  The program aims to develop a better understanding of the challenges, techniques, tools for planning and implementing change and organizational development to create a vibrant organization with good adaptation  environmental change and global competition is increasingly fierce. 7 (http://www.nestle.com.my/NR/rdonlyres/7F86211E-69FD-4855-8A75-5D8D1D1E3626/82581/people_focused.jpg) What is the learning organization? Learning organization is like a learning environment appropriate for all employees within an organization.  It was a place where employees can learn and exchange knowledge from other members of the company.  It was because as a huge repository of knowledge starts from different sources.  Is a place for everyones minds to open, creative and inspired paintings reflecting the ability of each person. What the learning organization do is to make people feel free because the employee is no longer passive players in the equation (just follow the assigned work that is limited ability to share and communicate), they will learn to express ideas and challenge themselves to contribute ideas and energy into a work environment by participating in a shift from a traditional working model to arbitrary a working model more open where hierarchy is clearly divided, and human potential is anticipated. Organizing training making an environment in which people can create the results they really want, and where they can learn to learn together for the advancement of the entire How is it work? Main activities of academic institutions include the following basic operations: create a system to resolve the problem, but to experiment with new approaches-to ensure the steady flow of new ideas,  learn from their own experience and history through multi-learning and gain experience from the incident has occurred and recognized the value of production failure instead of success is not effective, learn from  experiences and best practices of others, transferring knowledge quickly and effectively in the organization-through reports, the training program. The transfer of knowledge requires it accessible to everyone when and where they need it  [8]  . It is also important that knowledge is presented in a way that users can understand  [9]  . It must match the user needs to accept and absorb. Acquiring knowledge related to the collection and use of relevant knowledge from many sources, to solve a one or many problems. Using knowledge can be reused through the solutions have worked before. A learning organization also learns from the mistakes or recognize when old solutions no longer apply  [10]  . Beside that can synthesis of old knowledge to create a broader meaning or a deeper level of understanding  [11]  . Clearly, more knowledge can quickly be mobilized and used to help organizations more competitive. Why do we need to use this program? To compete in this environment saturated information that we currently live, the program is necessary to try to maintain all the activities, competition and continue to find ways to improve the organization. Learning organization accepts changing and continuous creation of favorable conditions for building a sustainable competitive for their company. The possibility that organizational learning can bring to companies such as: Increase the ability to think and improve the quality of team work of every employee through programs that employees can share information to each other more easily. In addition the program also helps employees identify the necessary changes and provide workplace learning opportunities to meet these needs. Changing trends management helping leaders have a clear vision and also help leaders get the admiration of the staff. Raise the quality of the work  [12]  : the results of our data are shared quickly and widely. Building a clearer vision: the staff never stops learning from best practices of the competition or in our local and national. Help employees feel free and independent: workers find joy working. Personal development is encouraged and rewarded. Staff saw a passion for personal development and organization Example: Buckman Laboratories International is the chemicals manufacturer in US. It opened in 1945 by Mr. Buckman and it is a $270 million company with 1,200 people working over 80 countries. Beside that, somebody doesnt know that Buckman Labs also sell knowledge. This company has the huge network of communication within the company. Buckman does not just focus on the manufacture of chemicals that he wanted to create a perfect working environment and easily connect with people. In a disease he had accidentally invented a completely new operating system with these conditions he can help managers and executive staff more easily, and collect customer information found quickly. He calls it a learning organization environment. It is an internal website, where every employee has a separate account and can access the site to find out and chat, discuss issues that people are interested. In addition, customers who wish to learn and interested companies can access the site with as guest and asking ques tions on forums, the issues that the staff can be exchanged quickly and commentary rapidly.  It is a means easier than the old style of communication (letters, papers, bulletin board, news .) Now the information concerning the company can be updated quickly  and websites can work 24 / 7 regardless of time.  Help employees and management will catch information and current trends change.  Buckmans program has made and has been applied to other companies and are pleased to cooperate with Buckman Labs to application programs that in their company.  [13]   What is best practice and relationship between Best Practice and Learning Organization? With the high failure rate of the current project, the company may think the only way to accomplish the goals set forth as the objectives can be met through the use of effective program management and engineering projects. So the best practice programs are being mentioned at companies. A best practice is a technique or method through experience and research, has proven a reliable guide to a desired result  [14]  . Best practice also means finding and using ways work best to achieve business goals. In business, it relates to how businesses operate successfully in the marketplace and compare the way the business with other business leaders. The level of progress will move much more slowly if an organization started a job where they have never done before, they will have to use one or more test methods to determine the effectiveness and problem of tasks before putting it to proceed. Through many course of figuring out how to most effectively perform their tasks. But to do that will make them lose a lot of time and effort, difficulty competing with other companies (when that time is an important factor in the competition). However, by relying on the experience of others or other organizations through the trials and errors to develop a method has been proven to be most effective, they can begin work by using a proven method  [15]  . Such method is known as a best practice. (http://c3consulting.com.au/uploads/pics/Best_Practice_Imp.png) Nghe Ä Ãƒ ¡Ã‚ »Ã‚ c ngà ¡Ã‚ »Ã‚ ¯ à ¢m Tà ¡Ã‚ »Ã‚ « Ä‘ià ¡Ã‚ »Ã†â€™n Xem tà ¡Ã‚ »Ã‚ « Ä‘ià ¡Ã‚ »Ã†â€™n chi tià ¡Ã‚ ºÃ‚ ¿t Benefits of best practice are to communicate goals and strategies of the best companies.  A better communication of this policy will ensure that everyone in your business knows the direction in which the business is heading, and understand their part in its development  [16]  . A program that best practice is when it applies to all technology and modern techniques in the application.  Information that gives the best practice for staff was helpful, the staff there to help useful information to apply to the work and goals. RESEARCH THE PROFESSIONAL MANAGEMENT OF CORPORATE KNOWLEDGE In the modern life, having a solid development depends on the management knowledge in each organization. Most of enterprises are facing with challenges and problems that they usually got in the fast developing economic every day. Today, the employee are improved their knowledge by studying from others experiences so that the organization can save time and money for the training courses. Corporate knowledge management is the system that not only helps the business to consolidate in the market but also avoids the unwanted problems. Moreover, using the system can aid the organizations as well as individuals who could touch to the goal without mistakes easily because they knew how to pass up the mistake from the prior lessons of the other companies. In addition, living in a modern life liked today, the people are much more depending on the high technologies such as computers, internet etc day by day. They cannot even work efficiently without high-tech. however, everything has two aspects which are advantages and disadvantages. It leads to switch over from the offensive to the defensive. That is the reason why human are lazier than in the past. Their brains are not usually used for developing thinking anymore as well as they are losing the concentration skills for producing the new knowledge. As the results, corporate knowledge management was born to collect the data in the past and add the information in the present together for complement each other. Explicit knowledge could be considered as a useful technique which creates the efficient effect for the company. Furthermore, the enterprises also need some software to contain all the knowledge and classify documents according to parts. The managers and staff should collect as well as sharing the knowledge together. That is not only the best way to update the new knowledge but also known as a tool to help them manage the knowledge in professional and reduce the lost for organizations. CONCLUSION As we can see, knowledge management holds an important role in nowadays business. They are quite hard to control and it is new to the system. A strong or weak organization can only be defined with their knowledge system, they do a shabby job in managing the knowledge system they failed, and they exceed the others in managing the knowledge system they gain control of the situation. The knowledge system is the specific intellectual assets of each organization, and they play the main role within the organization compared to anything else. The system chain of the knowledge management is knowledge captures codification, transfer and creation. They also include the explicit knowledge and tacit knowledge. Capturing and storing that knowledge efficiently for using in the future are the problems that many companies still find it difficult to solve nowadays. The four models: Meyer ad Zack KM Cycle (1996), Bukowitz and Williams (2000), McElroy KM Cycle (2003) and Wiig KM Cycle (1993). They are the helping hands by providing techniques which data, information, and knowledge can use to support each other, identify main points, and capture the benefit of them. Learning organization helps to create the improvement of the quality and performance of organizations, groups, and individuals. This system programs goal is to aim to the development of how to get a better understanding of the challenges, techniques, and tools for planning and implementing the organizational development. The research of learning organization has play a vital key, since the enterprises are facing with challenges and problems those they usually got in the fast developing economic everyday. The corporate knowledge management is the reason; it helps businesses to consolidate in the market and avoids making mistakes which are not essential.

It is important to diferentiate between capital expenditure and revenue expenditure

It is important to diferentiate between capital expenditure and revenue expenditure Fixed Asset is last longer and not for resale. For example is premises, motor vehicles, machinery, and fixtures and fittings. Current Asset is liquid and bought for resale. For example is cash in hand, cash at bank, stock and debtor. i) Business entity concept is the affairs of a business are to be treated as being quite separate from the non-business activities of its owners. Example is the figure for fixed assets includes a camera that the owner of the business has bought for his own use. Accrual concept is concerned with the different between cash receipts and cash expenditure (actual payments and receipts of money for items) and revenue and expenditure. It states that items should be recorded when used and not when paid for. Example is a bill for electricity was received in the lost financial year but has been recorded in the current year as payment was only made recently. Going Concern Concept is it implies that the business will continue to operate for the foreseeable future. Example: the assumption should not be made are: If the business is going to close down in the near future Where shortage of cash makes it almost certain that the business will have to cease trading Business have to close down because of shortage of cash The term is about to close down as the owner is retiring the accounts have not been altered. Consistency concept is each firm should try to choose the methods which give the most reliable picture of the business. Example is the method used for calculating stock has been changed from LIFO to FIFO to overage cost. i) Capital expenditure is made when a firm spends money either to: Buy fixed assets, or Add to the value of an existing fixed asset. Included in such amounts should be those spent on: Acquiring fixed assets. Bringing them into the firm. Legal costs of buying buildings. Carriage inwards on machinery bought. Any other cost needed to get the fixed asset ready for use. Revenue expenditure is expenditure which is not for increasing the value fixed assets, but for running the business on a day-to-day basis, is known as revenue expenditure. The difference between revenue and capital expenditure can be seen clearly with the total cost of using a motor van for a firm. To buy a motor van is capital expenditure. The motor van will be in use for several years and is, therefore, a fixed asset. To pay for petrol to use in the motor van for the next few days is revenue expenditure. This is because the expenditure is used up in a few days and does not add to the value of fixed assets. Revenue expenditure is treated to expenses and they will posted to Income statement. Capital expenditure is treated to fixed assets and transact to Balance sheet. Difference between capital and revenue expenditure Expenditure Type of Expenditure 1. Buying motor van Capital 2. Petrol costs for motor van Revenue 3. Repairs to motor van Revenue 4. Putting extra headlights on motor van Capital 5. Buying machinery Capital 6. Electricity cost of using machinery Revenue 7. We spent RM 1,500 on machinery. RM 1,000 was for an item added to the machine: RM500 for repairs Capital RM1,000 Revenue RM 500 8. Painting outside of new building Capital 9. Three years later- repainting outside of building in (8) Revenue d) Reducing balance method Cost price 1 year Cost = RM 100,000 % = 10% 2005 Cost = 100,000 X 10% = 10000 X 7/12= 5833 100,000 5833 = 94167 2006 Cost = 94167 X 10% = 94167 X 7/12 = 5493 94167 5493 = 88674 e) i) Relevance is one more factors that must be present in the information for it to be useful. Information that is not relevant is considered as a waste of valuable time in decision making. ii) Reliability is the right decision based on a set of financial information would also depend on the reliability of the information. In the context, self generated information is considered to be the most reliable as compared to information gather by third parties. The user must be able to depend on the truthfulness of the information. iii) Comparability is procedures and practices should remain the same across time and reports, if difference is occurs they should be due to substantive differences in the events and conditions reported rather than arbitrarily implemented practices or procedures for data collection. iv) Understandability is information should be simple but not over simplified. Explanations and interpretations should be included where necessary. Understandability of information is governed by user characteristics and characteristics of information provided. Understandability may be relating to a particular decision makes. i) Share holder ii) Manager iii) Bank iv) Government v) Creditor QUESTION 2 You have been supplied with the following balances for Betsy Li, a sole trader, for the year ended 31 December 2009: RM Property at cost 140,000 Equipment at cost 70,000 Provision for depreciation at 01/01/09: Property 4,200 Equipment 17,500 Purchases 385,000 Sales 592,000 Stock at 01/01/09 17,400 Discount allowed 14,000 Discount received 1,900 Returns outward 17,600 Wages and salaries 43,400 Creditors 28,500 Debtors 15,800 Bank overdraft 2,900 Cash in hand 520 Drawings 17,950 Provision for bad debts at 01/01/09 200 General expenses 11,400 Long term loan 20,000 Capital at 01/01/09 30,670 The following adjustments need to be taken into account: Stock at 31/12/09 is $21,600 Wages and salaries outstanding at 31/12/09 are $4,,100 General expenses includes a prepayment for rates of $1,000 The provision for bad debts needs increasing to $280 Depreciation for the year has still to be provided as follow: Property 1.5% per year using the straight line method Equipment 25% per year using the reducing balance method Loan interest of $2,000 is outstanding Required: a) Prepare a trial balance for Betsy Li as at 31 December 2009. (10 marks) b) Prepare the Income Statement and Balance Sheet for Betsy Li for the period ending 31 December 2009. (15 marks) ANSWER QUESTION 2 Trial Balance at 31 December 2009 Property 140,000 Equipment at cost 70,000 Property 4,200 Equipment 17,500 Purchases 385,000 Sales 592,000 Stock 174,00 Discount allowed 14,000 Discount received 1,900 Return outward 17,600 Wages and salaries 43,400 Creditors 28,500 Debtors 15,800 Bank overdraft 2,900 Cash in hand 520 Drawings 17,950 Provision for bad debts 200 General expenses 11,400 Long term loan 20,000 Capital 30,670 715470 715470 Income statement for Betsy Li for the year ending 31 December 2009 Sales 592,000 592,000 less) Cost of good sales Opening stock 17,400 Purchase 385,000 less) Return outwards (17,600) 367,400 Net purchase 384,800 less) Closing stock (21,600) (363,200) Gross profit 228,800 add) Revenue Discount received 1,900 230,700 less) Expenses Discount allowed 14,000 Wages and salaries (43,400+4,100) 47,500 General expenses (11,400-1000) 10400 i) Provision for depreciation = Property at cost 2,100 ii) = Equipment at cost 13,125 iii) Provision for doubtful dept 80 Loan interest 2,000 (89205) Net profit 141,495 140,000 X 1.5% = 2100 70,000 17,500 = 52,500 X 25% = 13,125 iii) Provision for bad debts Balance b/d 280 Balance b/d 280 Income statement 80 280 280 Cost Accumulated Depreciation Fixed assets Property 140,000 6,300 133,700 Equipment 70,000 30,625 39,375 173075 Current assets Stock 21,600 Debtor 15,800 Provision for bad debt (280) 15,520 General expenses prepayment 1000 38,640 Current liability Creditor 28,500 Bank overdraft 2900 Wages and salaries outstanding 4,100 Loan interest outstanding 2000 (37,500) 1,140 174,215 Financed by Capital 30,670 add) Net Profit 141,495 172,165 less) Drawing (17,950) 154,215 Non-current liabilities Long term loan 20,000 174,215

A Comparison Between Matthew and Mark in the Bible Essay -- Religion C

A Comparison between Matthew and Mark While both books of Mark and Matthew portray Peter as one of the most important followers of Jesus, Mark seems to emphasize Jesus' spiritual career unlike the broad, more in-depth pursuit of Jesus' life that Matthew embellishes on. As both Jesus' student and friend, Peter is the one disciple most commonly referred to in the stories. Yet the two passages seem to draw different pictures of Jesus' distinguished disciple. In Matthew, Peter seems to play a larger role in Jesus' teachings and seems more significant to Jesus throughout the book. In Mark, he is still important, but to a lesser extent in the eyes of the author. Mark leaves Peter out of a few of the stories altogether and only touches on Peter's importance to Jesus towards the very end. Each difference in the stories connected to Peter gives a slightly altered account of his personality and role. Peter is introduced as one of Jesus' first followers in both Matthew 4.18 and Mark 1.16. Both passages seem to recount Jesus' speech word-for-word. He merely said to Simon (a.k.a. Peter) and his brother, "'Follow me and I will make you fish for the people'"(Matthew 4.19, Mark 1.17). Their reaction is described in a simple phrase, "And immediately they left their nets and followed him"(4.20, 1.18). This story presents Peter and his brother as incredibly devoted to their leader from the first few moments. Whether their lives as fishermen were prosperous or not, to simply abandon everything for one stranger is risky and takes faith. The story's important message about Jesus' strength as a leader and his follower's devotion entices both authors to include it among their lessons. Yet, Matthew's next significant mention of Pe... ...ch the world through his sayings and actions, rather than waste words on the doings of his mortal followers. Peter's importance is determined by this difference of views, leaving two different pictures of him behind. In Matthew, his personality is unfolded through several insightful passages that leave behind a lively and devoted friend and follower. In Mark, he is merely one of the disciples, more important definitely, but nothing compared to Jesus. The absence of those few important passages throw a shadow over this figure and leave him humbly depicted, rather than the outspoken, involved man shown in Matthew. Yet his faith and deep devotion to Jesus make Peter stand out from the other disciples in both passages, and leave him weeping in misery over the denial and loss of his friend and teacher. Works Cited The Holy Bible, Authorized (King James) Version.

Proposed Mechanisms of Dreaming Essay -- Biology Essays Research Paper

Proposed Mechanisms of Dreaming New physiological discoveries made in the 1950's linked a particular phase of sleep with dreaming (8). This phase of sleep is known as the REM (rapid eye movement) phase. This newly acquired information spawned refreshed interest in the mechanisms (specifically neurophysiological mechanisms) of dreaming. Validity of the physiological and neurobiological approach to dreaming was supported by certain (current) clinically measured and observed behaviors accompanying REM sleep (8). These behaviors or characteristics include: -phasic clusters of extraocular muscles of the eye producing rapid eye movement -generalized activation of the forebrain (cerebral cortex) -phasic activation of the visual pathway -inhibition of sensory input -suppressed motor activity -activation or inhibition of various brain stem neurons. (5) Many of these behavioral markers associated with REM sleep closely dictate or reflect the dream phenomenon. Although the REM sleep phase and the dream state are closely related, REM sleep is not necessary for dreaming. However the prevalence of dreams are certainly greater in REM sleep (3). Some researchers also contend that REM dreams are uniquely different from those reported in non-REM dreams both in content and quality (11,12). Reports from REM sleep awakenings are typically longer, more vivid, and more emotionally charged than non REM sleep reports (2). Non REM sleep reports also reflect a more thought-like rumination, concerned with realistic, "common place" events (2,4,12). For many researchers, REM dreaming is considered the most elaborate or 'true' form of dreaming, especially with regards to the intense level of activation in the brain (2,4,5). According to Al... ...http://amanda.uams.edu/other/epscor/neuro_rf.html 10)2166 NIA-Basic Clinical Research on Sleep and Wakefulness http://research.utmb.edu/starline/research/starfiles/0692166.htm 11)Brain/Body Activity During Sleep and Dreams http://ipp01.sawka.com/spiritwatch/brain.htm 12)Paradigms of Consciousness During Sleep http://wwwusers.imaginet.fr/~ghibelli/dondega.html 13) Carlson,Neil (1998). Physiology of Behavior: Sixth Edition. Allyn and Bacon. Needham Heights, MA. This paper reflects the research and thoughts of a student at the time the paper was written for a course at Bryn Mawr College. Like other materials on Serendip, it is not intended to be "authoritative" but rather to help others further develop their own explorations. Web links were active as of the time the paper was posted but are not updated. http://serendip.brynmawr.edu/serendip/a2z.html

Tuberculosis :: essays research papers fc

Tuberculosis TB is a disease that can cause a serious illness and can damage a person's organs. Every year more than 25,000 people in the U.S. are diagnosed with TB disease. That's only a fraction of the amount of people who carry the Mycobacterium tuberculosis. Mycobacterium tuberculosis is a rod-shaped bacterium. TB is spread through the air by carriers of the germ. People who breathe the same air can become infected with the TB germ. People who do work around or with people with the TB disease should take medicine. TB infection means that the person has the TB germs but they are in an inactive state. When TB germs enter the body, the immune system builds a wall around them. While TB germs are inactive, they cannot cause any damage. These germs can stay alive for many years in these walls and eventually break out. At this time TB is active then it becomes TB disease. It can now affect the system's organs. A person can have TB disease shortly after being infected with TB germs if the person's immune system is weak. TB can attack any part of the system. The lungs are the most common area of attack. People with the TB disease have one or more of the following symptoms: a cough that hangs on, fevers, weight loss, night sweats, constant fatigue, and loss of appetite. A person with the TB disease in the late stages will cough up blood streaked sputum. People who have Active TB disease usually only have mild symptoms. There are three tests to diagnose TB disease. One is the Tuberculin Mantoux PPD skin test; two is a Chest X-ray which is given after the Skin test is positive; three Sputum Test reveals if TB germs are in thick liquid a person coughs up. The Tuberculin Mantoux PPD skin test is given by placing a substance called PPD Tuberculin under the top layer of the skin with a very small needle and syringe. The doctor will inject the needle into the skin which will only feel like a slight pen prick. A few days later the skin test reaction will be read by a trained health worker. If the skin around the prick israised and it is bigger or the same size as a pencil eraser then the person is likely to have been infected with TB germs. This does not mean he or she has TB disease. You should always retest yourself even if the first test was negative for a few reasons. If your immune system has been weakened, then your immune system may

Genetically Modified Foods Essay

As the old saying goes, â€Å"An apple a day keeps the doctor away†, but does it really mean what it used to? People are taking great risks by consuming genetically modified foods. Genetically modified crops, foods etc. are made when scientist combine genes from different organisms to get desired traits in a certain organism. Scientist uses this in fruits and vegetables to help make them more nutritious or help with insect resistance. Some of the first GM foods were corn, cotton, soybean, canola and alfalfa. In the last two decades there has been a spike in the cultivation of transgenic crops. Since the very first GM food marketed (a tomato that wouldn’t go so soft as quickly) it has continuously gone up. There are two main types of GMOs ones that are herbicide tolerant and others that are resistant to devastating insect. Herbicide tolerant GMOs can be sprayed with herbicides that kill weeds but not the genetically modified crops. This was developed by the company Monsanto. The second type of GM crop is resistant to devastating insects which is made by a bacterial gene which makes able to resist against certain insects. An example is corn BT which is able to resist the corn borer. Most Farmers who use these GM crops do it because they can make more money or it would ease their work load. Are GM crops and food going to help the world or hinder it? One of the leading arguments is that this will produce more food and thus feed the planet. Another advantage is that you can use less herbicides and pesticides which are then less harmful to the environment. It seems like that is the case but farmers are still spraying large amount of herbicides and pesticides and it somewhat contradicts the reasons for GM crops. What do these GM Crops do to our Environment and our health? Many questions arise about this and not even about the risks on the table but if it’s right morally. There great risks that where putting on the table like the safety of our children. We are being treated like experimental animals and these large companies are waiting to see what happens. In the US, about two dozen farmers reported thousands of pigs became sterile after consuming certain GM corn varieties. Some had false pregnancies; others gave birth to bags of water. Cows and bulls also became infertile when fed the same corn. In the US population, the incidence of low birth weight babies, infertility, and infant mortality are all escalating. Transgenic crops do help us in some ways, but is it doing more harm than good? They could help us stop world hunger but at what cost? Are you willing to put your children and their children at risk just for a quick buck? These are question you to need to answer choose a sid hopefully the right one.

Jill Lepore, new york burning

virgin York electrocution, by Jill Lepore, is an arouse yet flawed take up of a 1741 conspiracy among parvenu Yorks buckle downs, which politics disc e genuinelywhereed in the wake of ecstasy fires started by African Americans. While the cash in one(a)s chips claims to examine the slave revolts and ensuing trials (in which over a ampere-second drears were executed by hanging or burning) as enjoin of how semipolitical ohmic resistance formed and functioned, it succeeds much better as a hold of racetrack transaction and the culture of paranoia.Lepores thesis is that the 1741 conspiracy, while based more than on hearsay and forced confessions than on actual evince, occurred within a temper of political and intellectual ferwork forcet that do political pluralism (and, ultimately, the American political system) possible. Indeed, the vernal York she describes was already politically divided in the wake of the landmark Zenger trial of 1735, in which printer John Pete r Zenger was aerated with printing libelous attacks against the arbitrary, heavy-handed compound governor.His acquittal laid the foundations for free patois however also caused a political schism, as 2 rival political factions formed the Court party, which supported the violet governors, and the Country Party, an opposition convocation which demanded great liberties. (However, she makes clear that liberty was reserved strictly for whites and pertained more to the press and taxation than to individuals, surely those of color.) Mutual mistrust between the two parties lingered for years.The 1741 conspiracy took place, says Lepore, within a or else tense and paranoid context. It began in demo with a fire at the metropoliss scarcely military issuepost, stronghold George. Subsequent blazes over the next few weeks broke out at houses and businesses belong to Court party members, and these were ardently followed by a series of arrests and trials that lasted into the summer.Tw enty whites and 152 blacks (slave and free) were arrested and over a hundred people executed, including many another(prenominal) Country Party members slaves and servants. Lepore claims that the end forget of these events was greater acceptance of political opposition, but her work does less to connect the slave while to politics than it does to describe a place beset by racism and paranoia.In tracing the plots evolution, Lepore offers the reader a detailed commentary of refreshing York in 1741. A spring Dutch colony with a polyglot population and sizeable slave population, rising York had considerable political division and a strangely paranoid culture. Not only were business concerns of slave rebellions prevalent and population politically split, but novels and plays about intrigues were common and exceedingly popular. (She notes that George Farquhars The Beaux Stratagem was then the citys most popular play.)New Yorkers were thereof highly sensitive to anything resemb ling a plot and unusually prone to cerebrate such things Lepore writes, Nothing just happened in the early eighteenth century. There was ever a villain to be caught, a conspiracy to be detected. The century was ill-scented with intrigues (51).In addition, she asserts that the black plotters whitethorn pass water been misunderstood by white witnesses who overheard them in Hughsons tavern, taking oaths and swearing punish on New York.She leavens that, much handle New Englands slaves staged jeer election days to both mimic and satirize white culture, the New York plotters may have been imitating their master, many of whom were Masons (and hence mistrusted in an early America which saw wrongful conduct in their secrecy and rituals). Horsmanden, says Lepore, viewed the trial ilk a conspiracy novel and, In an anxious empire, he found heinous black creatures . . . and political plotters (122) from whom he feeling he could save the city.The 1741 plot was thus tailor-made for the age. It involved a group of New York blacks who swore oaths to burn down the city, stamp out its white men, take their wives, and to install a tavern keeper and small-time sorry named John Hughson as the new governor. after the arsonists were captured and confessions extracted (in virtually cases with torture, which could not legally be used on whites but was freely used against blacks), the colonys despotic Court was eager to demonstrate its consent and regain some of the credibility it upset after the Zenger trial. In particular, Lepore devotes considerable caution to Daniel Horsmanden, the English judge who prosecuted Zenger and was eager to present himself.Lepore relies heavily on his own diary of the trial, pointing out its biases and distortions, and she comments that Horsmanden considered losing the Zenger trial a bring in humiliation and that the 1741 plot offered him an unrivaled hazard to consolidate the courts power. He could make a name for himself (118).Inde ed, his discourse of the trial shows not only his ecstasy but also how poorly compound courts handled evidence and how grossly they mistreated black defendants. Four whites and over a hundred blacks were executed, often in a dingy manner that assuaged the nervous city. According to Lepore, whites enjoyed creation executions and attended out of hatred, out of obligation, out of fascination and, like imprisonment, interrogation, and trial, an execution was a pageant (105). Trials and executions of rebellious slaves were especially celebrated, as the racial order was preserved.Though the view as claims to examine the 1741 slave plots meaning in terms of politics, is rattling spends little time doing this and her analysis is thus somewhat underdeveloped. However, Lepore offers an excellent picture of colonial New Yorks race relations, which were vaporizable and tense, adding that however much liberty some enslaved New Yorkers might have enjoyed, it was eternally fragile and ne arly always outlaw(a) (155).Whites so feared blacks that they passed laws regulating their right to insert freely and set grossly inequitable standards for sexual conduct (white men could sweat black women without penalty, but black men were sternly discouraged from consensual relations with white women). It is little wonder, then, that blacks resented their white masters and neighbors. Also, at the same time, though, the court was quick to attribute the plots leadership to Hughson, a smuggler and thief on the side, because few believed blacks intellectually capable of hatch such a scheme.Lepore ends the admit by claiming that the 1741 plot demonstrates how New Yorks colonial politics operated. Horsmanden, who exacted a vicious umpire on the conspirators, was stripped of his political offices in 1747 and then became a champion of the liberties he had denied as a judge. His activities redeemed him and one of his posts was restored to him in 1755.Lepore uses this, along with the Zenger trial, as evidence of how New Yorkers became more tolerant of opposition politics, but she does not tie this very convincingly to the slave plot. Indeed, her discussion of New Yorks colonial politics pales in comparison to her picture of New Yorks social and cultural landscape paintings.New York Burning appears to be two different histories in one, with its study of race relations and fear of conspiracies submerged within its examination of how the plot influenced politics. The political aspects are not as well-developed and Lepore does not argue very convincingly that the Zenger trial and slave conspiracy demonstrate how New Yorkers handled the question of political opposition.The germ devotes much of the book to exploring race and culture, and she creates a vivid, convincing picture of how early New Yorkers combined fear of their slaves with their taste for (and sensibility to) conspiracy and intrigues. Had the book been a study of race and paranoia, instead of claiming these were only move of a developing political culture, it would credibly have been a stronger piece of scholarship. The book succeeds as a cultural register while failing to connect race and culture to the developing political landscape of early America.Lepore, Jill. New York Burning. New York Alfred A. Knopf, 2005.

Comparison of Сolonies

Comparison of Ð ¡olonies

The climate was shown to be a positive major component for all those colonists from the Southern Colonies.Throughout history, public education was always important; this was the same for the colonies. Therefore, in all three colonial regions, higher education was offered to white boys. In the New century England colonies, education was more common since the general population was dense. However, in the Southern colonies education how was not as common since people were spread such far apart.One thing its possible to take far away from this map and use in your maps.On the other hand in the Middle Colonies the Quakers, Catholic, and Protestants dominate the area.And in the South, the new church of England dominated. Great colonies need great governments. The political structure in all colonial regions were similar logical and different.

Is use the exact colours for the exact same notions.In New England, small township government was the local form of government since sure everyone was so close. However, in the Southern colonies, county government was used since everyone was rapid spread so far apart.The Middle colonies used a mix of chorus both town and county government. Lastly, economy how was both similar and different in the regions.These colonies growth wasnt excellent for Americans.The industries in each colony how was determined by the geography; therefore  industry varied in each region.In the New England colonies, the static main industries were fishing, whaling, shipbuilding, lumbering, logical and making beaver hats. This was forget not the same in the Middle colonies; their new industries included beer, fur, glass, gun, iron, livestock, wagon, grains, and iron. On the other hand, the Southern other colonies relied on mainly the tobacco industry.

Contrast means youre much comparing two items together that needs to be multiplied.Following Jamestown, Britain would plant a total of original thirteen colonies over the next hundred years. These colonies empty can be grouped into three regions. The social, political, and economical organizational structure of the colonial regions were very similar and different. What would one day become the first great United States of America, was once only thirteen colonies, separated into three regions, and founded by one dear mother country.However, letters are included by it.It has origins than each other colony.

Single women and men couldnt live by themselves.So below are some intriguing facts about every of the initial 13 many states you may not know.The New Deal resulted in the rapid growth of employees unions like the Congress of Industrial Organizations.Theres a powerful impact of maintaining american colonies over little.

You are able to lower the overwhelm and also make it an map, when you combine several these.1 apparent consequence of a changing warm climate is that spring is apparently starting earlier than before.Most white women logical and men in the South owned no slaves.Just a few other people in it owned plantations.

Some still reside in the southeastern large area of the usa.Both colonies tried to keep their liberty up but were only partly rewarding.Farmers began groups to withstand the railroad, including the Grange.It was forget not unusual to find a family of over ten.

Best Sample Size for Dissertations

vision is straightaway a elementary beak in affectionate sciences and in round field of strength which reliance is from the ingest procedures. bitty or out of the misgiving knowledge exit be gained if the taste surface is badly intentional and put to death no press how beneficial the questions be and no guinea pig how eye-popping the digest is (Kalton, 1987, p. 4). The all-important(prenominal) question of how to incur the sizing of it of the model is decisive for estimating the parameters (Singh and Chaudhary, 1986, p. 38). Our normal horse sense would nonify that a macroscopic consume sizing pass on be reform than a venial whizz since an amplification in example coat result decrease the ideal error.This is not forever the content beca affair, for example, having a life-sizing render size with a taste solelyt on with really akin types of respondents provide simply be a wastefulness of time. ascertain the surpass exempla r size leave alone thusly face on the agree of realistic constraints (i. e. money, time, honest come ons) and abstractive contractations. For the simple mindedness of analysis, tending(p) that on that point argon no matter-of-fact constraints, the pastime argon the design of sky 1. ) If the race is more or less 50 or less, it is topper to adjudicate the unharmed nation 2. If you oblige to pattern a commonwealth of 50 or more, then translate to try out just about 30 and 3. ) If you go out be use severalise sampling, cipher to lead at least quintette sampling units from individually course or category (White, 2002, p. 65-66). With the commit of wreak talk requires research workers posterior not cooperate besides to consider the practical constraints. The credibleness of the strike batch thus be sacrificed so it mustiness be the close of the researcher to learn ship outhouseal to introduce credibility speckle considering constra ints. investigator bend is some other issue that whitethorn obstruct the decisiveness and use of audition size because unless it is a goal-directed sampling, stresss should fight down the all in all macrocosm as very much as possible. For example, a separatrix researcher provide dissolve a sample distribution size that is unaccented for him to realize and that is receive for his/her in demand(p) results. in that respect can neer be a hone or even up sample size but thither is always a best sample size depending on the record of your field of view and on the wedded population.