Models Used For Computing The Discount Rate Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2140 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Investors are risk averse and evaluate their investment portfolios solely in terms of expected return and standard deviation of return measured over the same single holding period. Capital markets are perfect in several senses: all assets are infinitely divisible; there are no transactions costs, short selling restrictions or taxes; information is costless and available to everyone; and all investors can borrow and lend at the risk-free rate. 1. The model assumes that either asset returns are normally distributed random variables or that investors employ a quadratic form of utility. It is however frequently observed that returns in equity and other markets are not normally distributed. As a result, large swings occur in the market more frequently than the normal distribution assumption would expect. [2] Don’t waste time! Our writers will create an original "Models Used For Computing The Discount Rate Finance Essay" essay for you Create order 2. The assumption of CAPM model is inconsistent with the reality. a) efficient-market hypothesis: in actuall situation, we have trade cost, information cost and taxes. It is an im-perfect market. b) the borrowing rate=risk-free rate: the truth is that borrowing interest rate is higher than loan interest rate. c) CAPM can only be used for capital asset but not human assets. d) the estimated ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² represents the past variability, but not the future variability.But the investors concern about the variability of future price. e) the risk-free property and the market investment portfolio may not exsist. 3. The model assumes that the probability beliefs of investors match the true distribution of returns. A different possibility is that investors expectations are biased, causing market prices to be informationally inefficient. This possibility is studied in the field of behavioral finance, which uses psychological assumptions to provide alternatives to the CAPM such as the overconfidence-based asset pricing model of Kent Daniel and Avanidhar Subrahmanyam (2001)[3]. 4. The model assumes that given a certain expected return investors will prefer lower risk (lower variance) and given a certain level of risk they will prefer higher returns. It does not allow for investors who will accept lower returns for higher risk. Casino gamblers clearly pay for risk, and it is possible that some stock traders will pay for risk as well. 5. The model assumes that there are no taxes or transaction costs, but in realistic situation, there are taxes and transaction costs. 6. The market portfolio should in theory include all types of assets that are held by anyone as an investment (including works of art, real estate, human capital). In practice, such a market portfolio is unobservable and people usually substitute a stock index as a proxy for the true market portfolio. Unfortunately, it has been shown that this substitution is not innocuous and can lead to false inferences as to the validity of the CAPM, and it has been said that due to the inobservability of the true market portfolio, the CAPM might not be empirically testable.[4] 7. CAPM provides a simple calculation for asset pricing, but it lacks of effective explanations about some abnormal phenomenon. The root cause is that CAPM is built on all investors have the same estimation and judgement about the expected risk and return. Efficient Market Hypothesis considers there is no asymmetric information and market frictions, the only thing affect the future average income is the invest risk. 3 ¼Ãƒ ¢Ã¢â€š ¬Ã‚ ° The formula The simple CAPM would appropriate for valuing dollarÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ dominated CF from a foreign target subject to no greater segmentation or political risk than the bidder faces. Ke= Rf +ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²i*(Rm-Rf) Ke is the expected return on the capital asset.Rf is the risk-free rate of interest such as interest arising from government bonds. (beta coefficient) is the sensitivity of the expected excess asset returns to the expected excess market returns. ICAPM The assumptions of ICAPM International investors should hold assets of each country in proportion to the country share in the world market portfolio.This implies that all countries, in a world without transaction and information costs, would hold the same portfolio and would diversify their investment in other countries in proportion to the size of their financial markets. The drawbacks of ICAPM The benchmark portfolio that is used to measure risk could be improperly specified. There could be problems with the returns data caused by infrequent trading of the component stocks. International CAPM implies that if international markets are fully integrated then the world market risk is the only relevant pricing factor, and the assets with the same risk have identical expected return irrespective of the market. The notion that risk can be defined as the sensitivity to the changes in world market returns is contingent on the assumption of complete market integration. As the amount of segmentation increases, risk takes on a new definition as a securitys sensitivity to local-market factors. In integrated world capital markets the sensitivity to many local events can be hedged by a diversified portfolio. That is, a negative event in one country may be offset by positive news in another country. However, if capital markets are segmented, the sensitivity to local events can have significant effects on the required returns for the securities that trade in the local markets. The formula As investors are holding in their portfolios assets from different markets, the relevant measure of the stocks risk (ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²) is its covariance relative to the variance of returns on the global market portfolio. Ke= Rf +ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²wi*(Rwm-Rf) Rf is the risk free rate. ÃÆ'Ã… ½Ãƒâ€šÃ‚ ²wi is the beta of the asset i, that is, the covariance of returns on asset i relative to the global equity portfolio (such as the Morgan Stanley Capital International (MSCI) Index) divided by the variance of the MSCI Index. Rwm-Rf is the equity market risk premium on the global portfolio The Multifactor Model The assumptions of The Multifactor Model The assumptions of the Multifactor model come from the Arbitrage Pricing Theory (APT). 1. All securities have finite expected values and variances 2. Some agents can form well diversified portfolios 3. There are no taxes 4. There are no transaction costs The multifactor model has considerably fewer assumptions than the CAPM. The drawbacks of The Multifactor Model The Multifator models failure to identify the factors specifically in the model may be a statistical strength, but it is an intuitive weakness. The solution seems simple: replace the unidentified statistical factors with specific economic factors and the resultant model should have an economic basis while still retaining much of the strength of the arbitrage pricing model. That is precisely what multi-factor models try to do. Once the number of factors has been identified, their behavior over time can be extracted from the data. The behavior of the unnamed factors over time can then be compared to the behavior of macroeconomic variables over that same period to see whether any of the variables is correlated, over time, with the identified factors. There might be errors that can be made in identifying the factors. The economic factors in the model can change over time, as will the risk premia associated with each one. It is a problem when we try to project expected returns into the future, since the betas and premiums of each of these factors now have to be estimated. Because the factor premiums and betas are themselves volatile, the estimation error may eliminate the benefits of Multifactor model. In the CAPM, investors care about one risk factor-the overall market. InICAPM, they are also concerned about real currency fluctuations. This insight leads to a model of expected returns involving not only the beta of an asset versus the overall market, but also the betas of the asset versus currency movements and any other risk that is viewed differently by different investor segments. The ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² of ICAPM consists of 3 factors, including the domestic stock market volatility, the worldwide stock market volatility and the correlation of the world stocks. The ÃÆ'Ã… ½Ãƒâ€šÃ‚ ² of CAPM cannot deal with the correlation of the world stocks. The standard CAPM cannot explain returns in a cross-section of national value portfolios. The ICAPM leads to a multi-factor solution for the pricing of assets. The new factors are the excess returns on assets that are perfectly correlated with the exchange rate appreciations for each currency but the benchmark currency. Utility varies not just because of variation in wealth but also because of variation in the purchasing power of the wealth. For given returns denominated in the foreign currency their purchasing power would be less when the domestic currency appreciates. Investors in the foreign market may hedge against this kind of risk by holding their own currency. The beta of Multifactor Model, whether measured against a single factor or against multiple world sources of risk, appears to have some ability to discriminate between high and low expected return countries. The CAPM and Multifactor Model are different approaches to assetpricing, but they are not contradictory. The idea behind the Multifactor Model is that investors require different rates of return from different securities, depending on the riskiness of the securities. The CAPM and Multifactor Model assume that only market risk is rewarded and they derive the expected return as a function of measures of this risk. The CAPM makes the most restrictive assumptions about how markets work but arrives at the model that requires the least inputs, with only one factor driving risk and requiring estimation. The Multifactor Model makes fewer assumptions but arrives at a more complicated model, at least in terms of the parameters that require estimation. 5. The extent to which these techniques may be properly applied in light of the recent crisis in financial markets. After the financial crisis, a court in the USA declared that all bubles are going to burst. The bigger the buble is, the bigger the lost is. This seems to pronounce the illegality of Efficient Market Hypothesis (EMH). But many people are still unwilling to admit the problems of EMH.Because of the CAPM which is based on Efficient Market Hypothesis, the investors turn a blind eye to the giant buble and let the buble develop. They thought the market can reflect all kinds of informations. Although a lot of people dont believe in Efficient Market Hypothesis, but they trust CAPM. The problem of CAPM is that it is based on a series of hypothesis which are of problems, such as investors can buy or sell any stock without affect the stock price. CAPM can lead to pricing anomalies. a) Value Premium puzzle: firms with high Book-to-MKT ratios (value stocks) perform better than those with low ratios (growth stocks). b) Size Premium puzzle: Small firms do better than large firms. c) Mean reversion in long term returns (over-reaction). d) Momentum in short term returns (under-reaction). e) Accounting-based anomalies (accruals, pension funding, etc.). In practice market portfolio does not exist, when using proxies we find that there are many othe sources of risk which are relevant for investors. We need to set both the portfolio selection and the pricing problems in the context of Multifactor model. Multi-factor models are used to construct portfolios with certain characteristics, such as risk, or to track indexes. When constructing a multi-factor model, it is difficult to decide how many and which factors to include.  Datas are evaluated on history statistic, which cannot accurately forecast future values. CAPM cannot explain the average returns of many investment opportunities: we need factors, sources of priced risk, beyond changes in the market portfolio in order to explain cross sectional variations in average returns. Multifactor models extend the CAPM precisely in this sense, attributing high average returns to positive correlation with additional risk factors other than movements in market risk. In general, the CAPM has the advantage of being a simpler model to estimate and to use, but it will under perform the richer Multifactor model when an investment is sensitive to economic factors not well represented in the market index. It is important to realize that the only reason why investors are willing to take risk is their perception of a positive expected return (in excess of the risk free rate). In an international framework, for instance, many investors do not have strong convictions about future currency movements. In other words, they do not have a positive expected return on any currency. If this is the case, currency movements induce additional risk in the portfolio that is not remunerated by a positive risk premium. Such risk should then be hedged. This leads us to the concept of the International CAPM, which is used in this study. The first source of risk is the World Market risk, for which investors anticipate a positive return. The main equity regions considered in this study react more or less to changes in this world market portfolio. This is measured by beta coefficients. The other sources of risk of an international investor are the above-mentioned currency risks. The investors portfolio has, of course, exposures to these risk sources (measured by currency beta coefficients), and to each source of currency risk there is an associated currency risk premium.

Of The Art Of Conversing By Niccolo Machiavelsso Essay

In the essay â€Å"Of the Art of Conversing†, Michel de Montaigne writes We can only improve ourselves in times such as these by walking backward, by discord not by harmony, by being different not by being like. He is assuring the reader that going against the grain is the most beneficial way of living and communicating, and in order to effectively lead people, it is essential for one to be open to change. He asserts that living through chaos is a way to further develop oneself, as outdoor studies majors we often exemplify methods of clashing the norms. The leaders we have studied throughout this semester have often represented the idea of adaptability through leadership set out by Montaigne. Within the essay â€Å"The Prince† by Niccolo†¦show more content†¦The book revolves around the leader of a trans-Atlantic expedition named Ernest Shackleton, who distinguished himself as a hero. Shackleton’s ability to get his men out of the dire situation they were in is owed largely to the qualities he possessed as a leader. Shackleton’s capacity to be decisive but also willing to compromise and adapt had a large contribution to the crew’s survival. When the Endurance became locked in the icy jaws of the sea, the crew was forced to abandon ship and eventually make a perilous journey on lifeboats to South Georgia island. The plan was to make it to the whaling station but due to rough seas the men arrived on the wrong side, Shackleton was equipped to handle this change in plans and made the journey on foot. From Shackletons own words â€Å"The rapidity with which one can completely change one’s ideas. . to a state of barbarism is wond erful.† The first-hand experience I have attained from guiding has taught me plenty about the qualities a competent leader must possess. Great leaders often share the trait of being flexible to better suit the needs of the group as a whole. When I used to guide day trips there were many times where I had to be flexible in order to suit the needs and desires of my clients; a particular time that comes to mind is when I took a group of elderly people out on the Matanuska Glacier. When I met with my group I began to assess their ability levels and planned out there hike accordingly, I

Gay Marraige Free Essays

Please, Just imagine this. You’re young, it’s the start of summer and you’re out with your favorite group of friends, soaking up the sunshine and relaxing. You all decide to leave the park, and go for a stroll down to town. We will write a custom essay sample on Gay Marraige or any similar topic only for you Order Now You pass by a brightly lit up bar, it’s got music pumping through the doormen and it looks alive. Heart racing, you tell everyone you all should go in and check it out. You slowly walk through the door frame and can see happy people everywhere, men and women dancing to their hearts content. Your eyes scan the room and suddenly your eyes are fixed on a person. Their face is lit up with excitement of the moment, and then their eyes are fixed on you, they smile and call you over to dance. You follow them onto the dance floor and the best night of your life unfolds. It’s now been 3 years; you’re madly in love with that one person you met at the bar. You’re living together, loving every minute you spend with each other. You want to take a step forward, take it to the next level and spend the rest of your lives together, officially, legally. But you’re denied this opportunity by the government; same sex marriage is illegal in Australia. The bill that my party would like to put forward is to legalize same sex marriage. In my opinion, same sex marriage would be a great opportunity for social progress. Two people who love each other should be able to publicly celebrate their commitment. It does not and should not hurt anybody else if it was allowed, and denying them is a violation of freedom. Denying them this opportunity can cause serious psychological damage and can make them feel little and not a part of the community. By allowing same sex marriage, it helps adoption because there are any problems with gay couples choosing to conceive a child, since 2000 the adoption by same sex couples has doubled. Allowing same sex marriage will almost guarantee that the adoption rate will rise even higher. Gay marriage is recognized, supported and legal in twelve different countries already. Now it’s Australia’s turn to Jump onto the band wagon. Introduction of same- sex marriage laws has varied by Jurisdiction, being variously accomplished through a legislative change to marriage laws, a court ruling based on constitutional guarantees f equality, or by direct popular vote. By providing the opportunity of same sex marriage it gives both people in the relationship hospital access during an injury or illness. It will allow them to have family health benefits, taxation and inheritance rights. In all fairness it would benefit us all, as a community in many different ways and should be legalized. It will bring people together, give us all the equal rights we should be entitled to and will end happily in the long run. Help us all close the gap within same sex marriage, bring forward social progress and How to cite Gay Marraige, Papers

Capital Maintenance Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Nlc Doctrine Of Capital Maintenance. Answer: No Liability Company: Meaning A no risk organization is an open organization that is restricted by offers. According to s.112(2) of the Corporations Act, 2001, an organization is qualified to be enlisted as a no obligation organization just on the off chance that it satisfies the accompanying fundamentals: it has an offer capital the constitution expresses that its sole object is mining, and it doesn't have an authoritative ideal to recuperate calls made on its offers from defaulters. A body corporate that has not yet been enrolled as an organization likewise needs to satisfy the previously mentioned criteria with a specific end goal to enlist itself as a no risk organization. The principles relating to its enlistment are revered for the most part under s. 117-123, 136(1), 148, 152, 156, 162, 254B, 601BA. (French, 2014) Taking after are the means that an organization must attempt with a specific end goal to enrol itself as a no risk organization: Holding a Company Name According to s.148, an organization may enrol itself under an organization name, or work under its ACN, i.e. its Australian Company Number, which is created by the ASIC upon enrolment. Individuals and Obtaining Consents It is up to the incorporators to decide if the organization should take after the replaceable guidelines as enrolled in the Corporations Act, or draft its own particular standards as constitution. Since a no risk organization, generally, is an open organization, it is required to have no less than one secretary and at least three chiefs. Since a no risk organization additionally has an offer capital, its individuals are likewise required to agree to take up a predefined number of offers at the season of enlistment and to pay the sum owed by them in regard of the offers. Application to ASIC Keeping in mind the end goal to hold a name for the no risk organization, Form 201 is to be sent as an application to the ASIC. Enrolment by ASIC The ASIC will audit the application made by the organization and enlist it under the name or an ACN on the off chance that it regards that the organization satisfy all the previously mentioned prerequisites Doctrine of Capital Maintenance: Meaning The doctrine of capital maintenance - i.e. that an organization must acquire legitimate thought for offers that it issues and that having gotten such capital it must not reimburse it to individuals with the exception of in specific conditions - is a key rule of organization law. Indeed, the tenet stresses on an essential obligation of the organizations to keep the capital in place for the wellbeing of the lenders giving the command to the courts to regulate whether the capital is dispersed legitimately or not. (Knapp, 2013) History The explanations behind the birthplace of the convention can be twofold; right off the bat, to secure the enthusiasm of the lenders, and furthermore to guarantee the legal scattering of the advantages of the organization. The courts have dependably been on edge to stay with the capital of the intact for "the lender offers credit to that capital; offers credit to the organization on the confidence of the portrayal that the capital might be connected just with the end goal of the business and, subsequently, has a privilege to state that the enterprise should keep its capital and not return it to its shareholders." (Hendricks, 2014) However, it merits specifying that the principle has been produced through a progression of legal elucidation in organization law cases in England. Jessel M. R., in Flitcrofts Case, by implication expressed around two parts of the principle of capital support "i) the lenders have a privilege to see that the capital is not scattered unlawfully; and ii) the in dividuals must not have the capital come back to them surreptitiously. These two angles are represented by the standards of a) capital lessening and b) organization appropriations." For an illustration, where an organization activities the alternative to recover redeemable inclination shares, the obligation of an executive under s 588G might be activated at the time that the organization practiced the choice.(Visser, 2014) Exceptions subject to specific exemptions, the use of the precept gives: 1. An organization can't purchase back its own offers unless it takes after strict methods set around the Act. 2. An auxiliary organization can't be an individual from its holding organization. 3. An organization is not allowed to give money related help to people who are procuring its offers. 4.The shareholders can just get profits from its distributive benefits.(Tomasic, 2015) Conclusion The doctrine of capital maintenance had been struck down by Corporation Act. The doctrine has been argued to be of no use to the creditors, is outdated and meritless, as the exceptions that it bears supersede it. Further, the logic provided is fallible as, in practice, creditors do not rely on the share capital to recover their debts and usually enter into contractual agreements with the company to protect their own rights. Thus, the doctrine is irrelevant in the Australian context.(Novak, 2014) References French, D., Mayson, S., Mayson, S.W. and Ryan, C., 2014.Mayson, French Ryan on company law. Oxford University Press, USA. Hendricks, R. and Blackwood, C., 2014. Capital management.Tax Specialist,17(5), p.222. Knapp, J., 2013. A Reconsideration of Consolidation Accounting Requirements and Pre?acquisition Dividends.Australian Accounting Review,23(3), pp.190-207. Novak, A., 2014. Capital sentencing discretion in Southern Africa: A human rights perspective on the doctrine of extenuating circumstances in death penalty cases.African Human Rights Law Journal,14(1), pp.24-42. Tomasic, R., 2015. The Rise and Fall of the Capital Maintenance Doctrine in Australian Corporate Law. Visser, A., 2014.The return of capital to shareholders by means of a repurchase of securities(Doctoral dissertation, University of Pretoria).

The Prodigal Son Essay Example

The Prodigal Son Essay In only a couple of weeks we come to Great Lent, the period of fasting, prayer, and preparation before Christ rises from the dead. In order to prepare for this great event, there are a few skills that we as Orthodox Christians must keep in mind. One of these is forgiveness. Jesus’ message about forgiveness is clearly given to us in the bible through the parable of the Prodigal Son. In this story, two brothers are promised large inheritances from their father. However, while the older brother patiently waits for his inheritance, the younger brother asks for his share right away. He ends up wasting all of his money on material items, and not saving any for food or shelter. The younger son returns to his father’s house, not expecting a warms welcome. However, the father is thrilled to see him, and even prepares a banquet for him. The older brother is upset that the father welcomed the younger brother back, but the father tells him that he should be happy, because â€Å"his brother who was once lost had been found†. We as Orthodox Christians can learn a lot about forgiveness from the parable of the Prodigal Son. A lot of times many of us feel like the older brother in the story. When somebody hurts our feelings, or does something bad to us, we don’t really want to forgive them for what they did. However, God’s message is very clear. We will write a custom essay sample on The Prodigal Son specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Prodigal Son specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Prodigal Son specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Even though the younger son hurt his father by taking all of his money and wasting it, the father forgave him. We need to follow this example as well. If we can’t forgive other people for what they have done to us, then how can we expect God to forgive us for all of the things that we have done against him? If we all keep this idea in mind, and remember God’s message to forgive others, we will be able to come into Great Lent with a clean spirit, and will be much more prepared for Christ’s resurrection.

Students And Stress Essays - Education Reform, Free Essays

Students And Stress Essays - Education Reform, Free Essays Students And Stress students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized t ests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standar dized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests. students who normally make good grades on projects and homework due to their parent's interaction are falling behind in standardized testing while those students who do not perform as well on homework are topping the charts of the standardized tests.

Financial Accounting Assignment Example | Topics and Well Written Essays - 750 words

Financial Accounting - Assignment Example 25,000 should be included in the revenue for the year ended 31 March 2013. ?50,000 for the paid goods by Witney limited should be included in the revenue for the year ended 31 March 2013. The amount of the sale of laptops that should be included in the revenue for the year ended 31 March 2013 is the full price for the contract with PC4U Ltd that is ?2,720,000. According to the IAS 18, the amount of servicing should affect the period in which the servicing takes place (Accaglobal.Com, 2013). To provide the true picture of the IBI Ryan Plc Company, adjustment of the amount included in the revenue and profit of the year ended 31 March 2013. The change will reflect a change in the overall profit and revenues for the year ended on 31 March 2013. The actual cost of electrical goods, which should be included in the revenue and profit, is ?25,000. This will less the final profit and revenue for the year ended on 31 March by ?25,000. The goods involved should be included in the closing invent ory. For the sale involving IBI Ryan Plc and Witney, for the sale made on 28 March, the amount of ?50,000 should be included in the revenue and profit for the year ended on 31 March. This entry involves the amount received for the period closed on 31 March. In this way, the company will avoid creative accounting and earning management. According to IAS 18, revenue is a measure of the fair value of the consideration receivable or received. The stated revenue amounting to ?3 million should not be included in the final revenue and profit for the year ended on 31 March. In the transaction, involving PC4U Ltd and IBI Ryan Plc for the sale of laptops should be adjusted. In providing the service for to any purchasers of the laptops over the period to 31 December 2015, the company incurs a cost of ?240,000 per annum. The incurred cost for three years is ?240,000 multiplied by 3 (?240,000 * 3 = ?720,000). The normal margin on the service for the laptops will equate the cost of maintenance (? 720,000) to ?959,999.99. The calculation reads as follow. Hundred percent less 25 percent is equal to 75%. A hundred out of seventy-five of ?720,000 is equal to ?959,999.99. The company will, therefore realize revenue from the sale of laptops amounting to 1,760,000 (?2,720,000-?959,999.99) at the time of delivery and service revenue of ?959,999.99 over the three years following the supply (Unknown, 2013).). The adjustment will reduce the revenue and profit of the IBI Ryan Plc Company to the true picture of the company’s transactions for the five years. The total revenue will read less the exaggerated amount. The false amount is ?3 million for the sale of laptops, ?25,000 involving Witney Ltd, and ?960000 involving PC4U Ltd. The amounts add up to ?3985000. This will now match the analysts’ forecasts for the company. According to the analyst, the company has expected revenue of ?4000 million and operating profit of ?50 million. The finalizing financial statement for the year ended 31 March, which is false following creative accounting and earning management will change to the actual figure. The cause of the irregularity is motivated by the remuneration package of the board of directors, which includes incentive bonus linked to the price of the company’s shares. According to the ISA 18, the transactions should be done to match the revenue. This will include income inflow for the period during the normal activities of the company (raptor1.bizlab.mtsu.edu, 2013). QUESTION 2 Business exploits the loopholes in

Understanding Hospitality Resource--- Write up one tutorial exercise Essay

Understanding Hospitality Resource--- Write up one tutorial exercise from the list below - Essay Example It is, therefore, extremely crucial for hotels to keep their employees up to date and well trained on the current housekeeping issues, since housekeepers are always in contact with the hotels’ guests. Housekeeping also plays a key role in the client-hotel relationship since the clients will come to the hotel not only from the hotels’ food but also through the house keeping quality of the hotel. Housekeeping also plays a crucial role in the record keeping of the hotels’ guests and the preparation of the inventory of the house keeping supplies. Hotels have got people who supervise the rest of the housekeeper. These people are known as housekeeper supervisors. The job description of the housekeeper supervisor is mainly to inspect the quality of the housekeeping job that has been done in the hotel rooms. The supervisors are also required to take part in the procurement process of the hotels’ laundry and other housekeeping equipment. The supervisor should be able to lead his housekeeping team well and unit the team in order to perform a quality job. The housekeeper supervisor should be able to have excellent communication skills. They should be able to have the ability to teach other housekeepers on their roles. They should be able to fully understand what the needs of the hotels clients are. The housekeeping supervisors should be able to encourage and motivate other housekeepers to keep on doing a better job in carrying out their duties. Housekeeping supervisors should be able to delegate assignments to the housekeepi ng workers well in a manner that does not discriminate anybody. This will in turn motivate the workers to do a terrific job. Housekeepers should always have an enterprising mind. They should be able to initiate new and creative projects that will be profitable both to the hotel and to the clients. They should be ready to pass on the rules and conventions of the hotel, this will in turn show the housekeeping workers

To what extent is the documentary film 'sisters in law' a reliable Essay

To what extent is the documentary film 'sisters in law' a reliable source to account for the situation of women's rights in Came - Essay Example Issues in Cameroon In this section, the issues faced by women in Cameroon have been listed down and discussed as shown in the documentary. The reliability of the documentary is also analysed with the help of some independent sources. Child Marriage The documentary shows that women are usually married off at a very young age in the country (Ayisi & Longinotto, 2005). Due to early marriage, they are unable to complete their education. An early marriage also gives rise to early pregnancies which is risky both for the mother as well as the child. This problem is corroborated by the statistics presented by UNICEF. According to UNICEF 36% of women were married before the age of 18 in 2010. Thus, the problem of Child marriage is really a big issue in Cameroon and has been captured well by the documentary (UNICEF, 2010). Selling off Daughters In the beginning of the documentary we have seen a case in which the women were ‘sold’ of as wife by the father in return for dowry. This is a very big problem in many Islamic societies. Women are considered as merchandise by the family which can be sold for the right amount (Ayisi & Longinotto, 2005). Although the documentary has failed to take into account the issue that majority of Cameroon residents are not Muslims but the issue is still worth discussing as it affects one-third of Cameroon’s population. The documentary presents this issue in a good way but fails to tell us about the extent to which this issue plagues the society. Custody of Children The Islamic law says that if there is divorcee or if the wife runs away, the custody of the children stays with the father. This is in sharp contrast with the modern law which regards the mother as the most natural custodian of the child. Although Cameroon has modern system of law in place but the society still follows age old tradition and a woman has to fight in order to get custody of her children (Ayisi & Longinotto, 2005).Once again the documentary focused on the Islamic population of Cameroon and fails to give an insight into the practices followed by other people of Cameroon. Physical abuse Physical Abuse is another big problem which is faced by women in Cameroon. This abuse is not only inflicted on older women but even children are not spared from it. It is common for the husband to regularly beat up his wife over small things. Children are beaten up mercilessly by their guardians over small faults (Ayisi & Longinotto, 2005).Report of UNICEF in 2010 also supports the issue shown in the documentary. It shows that 56% of population of Cameroon justifies wife beating and a very high 93% has justified the beating of children (UNICEF, 2010).Thus the issue shown in the documentary also finds resonance with UNICEF and shows that the issue has been shown reliably and correctly. Social Boycott Cameroon is a traditional society where matters of the house are not taken outside. The elders of the house or of the village gather together in orde r to solve the issue .It is taboo for women to drag her husband to the court even if she has been suffering a lot. Once a woman decides to break free of

Issues of business ethics and social responsibility

Issues of business ethics and social responsibility The achievement of the intentions or set objectives of the business organization requires the establishment of the management structure that ensures proper definition of role and responsibilities to provide the basis for the development of effective selection systems that aid the recruitment and engagement of suitable personnel to occupy positions created within the context of the business enterprise to discharge the assigned roles and responsible forward the achievement of the set goals and objective of the business concern Indeed, the set objectives of the business organization cannot be achieved unless the employees of the business enterprise demonstrate the appropriate ethical behaviours in the execution of assigned duties, ultimately enhancing the corporate image of the business outfit in the environment where it operates. This becomes essential to stralegies developed to stimulated the patronage of the goods and service produced and provided by the business concern According Dr. B. Odusina, Managing Partner of Upman Ltd in a lecture paper delivered titled: Business Ethics and Corporate Governance on 16 June 2001 at a Seminar Organized for Mobil Oil Producing at Ogere Training Centre; There is the need to stress that employees who demonstrate unethical behaviour do not promote the fortunes and the area being of the business organization, and thus, unless such negative behaviours are abandoned it becomes impossible for them to make the desired contribution towards the success of the business enterprise Odusina went further to say that management science, today has made available range of attributes, and traits that form the basis for the development of the appropriate business ethical behaviour that should should characterize the disposition and action of the individuals discussed in the latter part of this seminar paper. THE CONCEPT OF ETHICS What are Ethics? Ethics are mural laws that involve: A high Sense of self Awareness Manage tin: Time Management Life Goals Programming Personal Grooming Consciousness Human Relations Striving for Excellence Self Discipline A High sense of Responsibility and loyalty towards: Ones Own Roles Towards Superiors and Subordinates Towards Company Customers and Suppliers Towards the acquisition and use of other resources Towards ones own family, community and nation Nigeria 3. A high sense of Probity in: (a) Dealing with Confidential matters (b) Handling Companys Finances (c) In very different situations A high sense of Accountability For authority and roles played For resources utilized For the life spent HISRORICAL PERSPECTIVE OF BUSINESS ETHICS We start by looking at some causes in recent years of public concern about organizational behaviour. It would, of course be doing a great injustice to past generations to imagine that only our own taken this topic seriously. The 19th century, while giving rise to some highly undesirable business practices, was notable also for its pioneering work in area such as antislavery child labour reforms, and the development legislative framework to curb abuses in company financing. A society which deniers credit to the ethical pioneers of the past, just because they did not address all of today prominent themes, begins to undermine its own foundation. According to David Munay (1997) the ethics of business and organizational life have acquired a considerably higher public as well as professional profile during the past fifteen years Managers and top captains of industrial concerns now receive numerous invitations to conferences, seminars and workshops on topics such as corporate values, corp orate governance and other ethical aspects of management. The books falls carry an increasing number of specialist titles and no self respecting management text can now omit at least some discussion of organizational values or corporate social responsibility. The 1970s in Nigeria saw a focus on rapid wealth creation because of oil boom; a get -rich -quick syndrome and the widespread ignoring of moral imperatives beyond profit loss and cash flow statements. In Nigeria particularly we are now well into a decade of moral reflection Business if far from being the only spare in which this is happening, but it is particularly noticeable arguably because of the widespread neglect of such matters for so long To some extent, this increased interest may be a consequence of a relatively high number of widely publicized scandals as it includes bank frauds, failed contracts, tax evasing by corporate multinationals, swindles in hard currencies by top government functionaries, scandalous advance fee fraud popularly called 419 that is affecting our image abroad to mention a few About three consecutive times last year 2004, most of our popular dailies reported Nigeria to be the second most corrupt country in the world, after Cameroon. This was on the good authority of Transparency International These and other phenomenal unethical practice are giving the government and private sector operators a serious concern. The recent collapse of Arthur Anderson and other much respected international concerns are a case in point EVEYDAY ETHICS The key business ethics concern is the way that the business conducts itself in its ordinary, every day routline activities The way the firm deals with its staff and its customers, the way it designs and supports its products, the way it awards contract and apportions blameà ¢Ã¢â€š ¬Ã‚ ¦ these are the key determines of whether a business is ethical, and are as important as the way it deals with crises. According to Elaire Sternberg (2000) the events that attract attention major frauds, for example may not represent ethical dilemmas for business: in such cases business people often agree on what is right. The problems that such events pose are real ones, but often concern practical difficulties; how to implement agreed moral standard, how to deal with the villains who sadly exist in business as in elsewhere: Sternberg opined further that the really thorny business ethics issues in contrast, are those where there a genuine disagreement about what is right or wrong. THE TOOLS OF ETHICS VALUES It is useful in this text to recognize that business ethics can refer to several different things most commonly, it refers to ethical conduct in and by business. In this sense, in benefits to business include doing the right typically promotes achievement of business goals. While doing the wrong things hinders the successive pursuit of those goals. To recognize things are the right things however, it is helpful to understand the principles that underlie ethical conduct in business. Accordingly business ethics as the knowledge and study of such principles can also be of value to business. According to sternbery (2000), an ethical decision that clearly sets out the principle of business ethic can help business both to identify and actually resolve business ethics problems. A model is theà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦equivalent of a map it can help guide business through the ethical issues that it inevitably must handle A model is not, however a panacea just as a Map does not physically smooth out the human. What an ethical decision model can do is extremely valuable. Most fundamentally, I can help to eliminate conceptual issues, it can help a business avoid wasting its resource on spurious problems and unwarranted guilt. An ethical decision model can indicate when and how ethical discussion is appropriate in a business context. When all within the business share a common vocabulary for ethical matter, they can articulate moral standards and moral questions easily By reducing moral muteness and promoting the early detection and resolution of ethical issues, an ethical decision model therefore enables the business to benefit from the vigilance its staff. Accordingly, an ethical decision model can do much to reduce the costs and adverse consequence of ethical problems. By illuminating what is at stake in any situation, and what the alternate course of action might be an ethical decision can indicate what information is relevant and what can be ignored. CULTURAL PERSPECTIVE TO VALUES In a given culture, at a given time, there is broad agreement on major values. Mos people agree on what is good (e.g. the right vole), and what is bad (corruption in government). Not all people or groups of people hold the same value, but the value o of those in majority will affect beliefs and behaviours of society. According to Yalokwu (2002), The action of managers are affected largely by then personal beliefs (Guth and Jaguini, 1965). For examples manager who are motivated by economic value will tend to stress the importance of growth for their companies. Managers who are motivated by social values on the other hand, might be willing to sacrifice some company growth to improve the conditions of service of the employees. But however, values are not only factors, that influence managers decision. The specific situation a manager faces will have great influence on or even dominate how a manager behaves. RIGHTS: Ethical concerns penneate every aspect of business activity Ethical issues arise obviously in connection with core ethical values; when there are question of, for example honesty or justice. They also are potentially at issue whenever action or decision affect other people, either by helping or by harming them. But ethical issues can even arise when other peoples right and interests are not directly at stake. Whenever there is a chose to be made between values or a better and a worse way of doing something or a thing is deemed to be a good one of its kind, an ethical judgment is involved. In this broad sense, most judgments and choices and decision about goals standard, quality and priorities are ethical. Accordingly, most business action and choices, decision and judgments have ethical aspects; they involve specifically ethical values or help or harm people or indicate character, or all of the above. Sternberg (2000) opined that, hiring and firing, choosing suppliers, setting prices establishing objectives, allocating resources, determining dividends; disciplining workers, planning schedules, awarding contracts à ¢Ã¢â€š ¬Ã‚ ¦ all involve ethical choices. Even the most trivial decision and ones that appear to be made on purely technical or economic groups typically have ethical aspects, it is not, just in the fringe areas of do gooding that ethical issue occur, but through out all of business ethic is inescapable in business as in life In order, therefore, to know which ethical issues should concern business as business, and to resolve ethical problems in ways that are appropriate for business a clear understanding of business ethics is essential If it is a companys responsibility to be concerned with advancing the interests of its employees, then it will be essential to consider the issue of stability of employment as it is quit apparent that this constitutes one of the paramount interest of most employees. At the very least, losing his job is likely to cause grave in convenience loan employee: he will go through a period of uncertainty and anxiety, will face a period more or less long without stable income, will incur search cost looking for a new job, and at the end of the day may be forced to move to different locally (Elegilo 1996) A firm seen to be truly committed to do its best to provide stability on employment will be sending a very powerful message to its employees that is really concerned about their welfare. The firm is thereby laving the foundation for a two-may commitment. It is well known that guarantee of the life time employee constitutes one of the bases of the extra ordinary loyally that Jepanese employees traditionally exhibit toward their companies. However, what is clear is that the foundation of employee loyalty, in any cas can easily be destroyed by policies that seem to be based on a consideration of the employees so many cost to be cut. Still, it is important to keep a sense of perspective and make it clear that there is no question of auguring that terminating an employee is intrinsically immoral will not be so if the objective by germinating an employee is something good in itself. As would be the case in situations in which management seeks to preserve on enhance the long term viability of the firm, improve the cost structure of the company or (in the case of an unproductive or disruptive employee) remove cause of lower morale or a potential source of danger to other employees. As a matter of fact, terminating some employees may not be unethical but I source cases a may well be a definite ethical duty We may find it emotionally repugnant to dismiss an employee who has a large family; yet managers are not paid to follow the courses of action that they personality fund congenial, but to protect the common good of the company (Elegilo 1996). When preserving the jobs of some employee becomes incompatible with the health or even the survival of the whole organization as it eventually happened in the case of intel. Then failing to take the necessary measure can easily amount to gross irresponsibility. This will be much more so in the case of individual employees who through presistent misconduct erode the standard of the company Other tools of Ethics: 1. Loyalty Steadfastness in allegiance to the management of the business enterprise. The implies the commitment on the part of the set objectives of the business organization 2. Fairness The avoidance of discriminating tendencies in dealing with people of diverse background, endeavouring to treat all human beings as equal, and then give each person equal opportunities 3. Principled Behaviour: The demonstration of a consistent behaviour in similar situations that makes ones behavour predictable, and ensuring the same decision being made in similar situations 4. Confidentiality Being discreet in dealing with the publics in a manner that makes the employee to refuse to divulge official information even in the face of financial inducernent or inspite of threats to his life. MORAL RULES IN HUMAN RELATIONS AND COMMON MORALITY Human Relations Concept The concept of human relations is so vast and encompassing that it touches every aspect of our lives .it is true that whatever we are are doing involves human relation and in interactions in one form or the other Human relations encompass a body of knowledge through which workers and management get things done through each other. Ack Halloran (1978) defines human relation relations as all the interactions that occur among people, whether they are conflicts or cooperative behaviours. The study of how people in work effectively in groups in order to satisfy both organizational goals and personal Kosson Stan (1978) observes that human relations are concerned with the of the people and their groups. It also learns the what that can be done to anticipate, prevent or resolve conflict among organization members The field of human relations is action -oriented emphasizing the analysis presentation and resolution of behavioural problems within organization. Philosophy of Human Relations Dougleas, McGregor (1960) gave the following as the basis of Human relations:- The loyalty and cooperation of the individual in the organization must be earned, won and described. the individual employee in respect of his status, right, prospects for advancement, and his economic well-being, is inescapably linked with the success of the enterprise by which he is employed. The basic relationship of the individual should not be jeopardized by government or union and management activities Personal policies and practices must be designed implemented in such a manner as to promote and safeguard the rights and well-being of the workers. The organisation stays for the individual and not the individual for their organisation Organisation must to provide for the economic and social security of their employees. The society must be free and ready to safeguard their rights and privileges Steps Managers Should Take in Maintaining Human Relations According to William Scolt (1962) managers can create a good human relations environment if they do the following they should lead as they want to be led They should know their personnel they should be genuinely interested in their subordinate They should be afraid to share responsibilities they should tell their people why thins are to be done They should treat subordinates with dignity and respect They should help the people in performing the tasks assigned to them 8. They should praise their people even in public. Human Relations Effectiveness: Use of words The use of words in human relation is the key to it success. Good words in communication, motivation and leadership is essential in any human relations exercise. Good words can do miracles whereas bad words bad words can pollute the atmosphere. It can also cause enormous pain. Stan, Kossen, (1978) gave the following rules: The least important word is l The two most important words is we The two must important words Thank you The three most important words if you please The four most important works: What is your opinion? The five most important words you did a good job The six most important words: ladmit l made a mistake From the foregoing exposition of moral rules in human relations, it can now well be established that the principle of reciprocity will play a big dual-role of keeping strictly to ethical standards on the part of employee and ensuring that their (employee) welfare is not jeopardized by management. Every partly involved (employer/employee) will see themselves as stakeholder that must ensure the sustenance of achieving corporate goals. No side will feel a sense of insecurity or unfairly treated. Differently put, common morality will now say; Respect begets respects Therefore no party will want to jottion the contractual relationship of ensuring the human success through honesty by employees; on the one hand, and treasuring the human resource (employees) by management by seeing to their welfare on the other hand RE -ESTABLISHING LONG-TERM BETWEEN ORGANIZATIONS AND EMPLOYEES Step one: Re- establish Code and Policies for Sustainability Step Two: Re-establish Justice Step three: Re-establish Fairness Step Four: Re-establish Practices of honesty COMMON MORALITY 1. Dignity * Apologize for immorality delay * Extend personal à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.. 2. Honesty * Stop the spiral of denials * Implement full and immediate disclosure * Facilitate access and respond openly to all queries 3 Fairness * Ensure compensation is commensurate with loss * Accelerate reconciliation to serve as many as possible, and as quickly as Possible Encode and practice lessons to benefit future transactions 4. Sustainability * Use the humiliation of this experience to lead a worldwide effort to standardize global practices 5. Auditing * Establish formal framework for monitoring ethical orientation * Report ethical progress alongside financial progress * Organize think tank ethical group to supervise compliance 6 Updating * Begin planning for ethical mandate beyond resolution of the Holocust issue * Report progress and plans to the world community, employees and industry association. All of us can give many example of ethical rules. Some which readily come to mind are: One should not tell lies, One should keep ones promises' one should respect ones parents, One should help people in distress etc. Many ethical rules are controversial at least to some extent. Thus, for example, while a large majority of people would agree that in most situation, one should not tell lies, there is far less agreement if one proceeds to ask whether exception is to this rule are allowed in some more or less extreme cases. Assume for instance that a mad man carrying cutlass in his hand, asked you whether your sister is in the house. You reasonably fear that he wants to attack her. Your sister is actually in the house. Does the rule that you should not lie cover this situation? When the proper scope and meaning of an ethical rule is called into question, one should refer it to the more ultimate principle and purpose that justify the rule. Thus for example, in the case of the mad man with cutlass, one could reason that one should fell no lie, because (i) telling lies is a way of harming the people one deceive and (ii), it tends to undermine mutual trust among people. If that were the complete justification of the rule against telling lie, which is not the case), it could follow that the rule did not apply in this case. By telling the madman that your sister is not at home, you would not be harming him in any way. One the contrary, you would be preventing him from doing him from doing something that, once he recovers his sanity, he would greatly regret harming alone, nor would you be undermining trust among people by acting in this way. According to Elegido (1996) the following constitute a reasonably complete list of independent and ultimate principle of business ethics. Principle of Solidarity: We must be concerned with promoting the well being of all human beings, not only our own. In so far as we fail to do so, we undermine our own fulfillment. Principle of Rationality: One should always strive to act intelligently Principle of Fairness or Impartiality: One should apply the same standards in judging ones own actions, those who are dear to one, and those of strangers Principle of Efficiency: In trying to promote human fulfillment good intentions are not enough: one must endeavour to use effective means. Principle of Refrain from willing harm to a human being: One should never choose directly to harm a human being. Principle of Role Responsibility: One does not have responsibility for all the aspects of the well-being of all human beings. Ones special circumstance, roles and commitments give one a priority responsibility for certain aspect of the well being of certain people. ETHICS AND SITUATIONAL FACTIRS IN ETHICAL BEHAVIOURS IN BUSINESS As noted by Gary Edward, President of the Ethics Resource Centre in the U.S, two-thirds of companies seeking ethical programmes came off the front page as a result of serious wrong-doing. This suggests that ethic are largely a tactical response to a serious problem, rather than a strategic commitment to a more enduring opportunity and obligation. From this perspective, most ethical initiatives aim to avoid repeating the mistakes that caused that particular crisis. The Federal Government established various agencies to curb a series of unethical practices in our national life. These include ICPC and EFCC Acts and the rest of it. The aim of these agencies among other reasons include overhauling the national and national image of Nigerians both at home and abroad. But this ethical renewal is one situation where the rifle short or fire brigade approach is clearly not enough. Codes and procedures, targeted to an impropriety may highlight the specific of the problem, and usually assign blame to one individual or a group of people, but without addressing the wider cultural competitive and personal factors that contribute to it. The Nigerian society is originally poverty-driven. Probably because of our low technology/agrarian nature or because of our leadership problem and/or total depending on oil, 90% of the national wealth us being controlled by less than 10% of our people. We operate crude capitalism in which the rich is getting richer and the poor, getting poorer. There is highly level insecurity felt by both the private and public sector workers especially about what tomorrow has in stock for them. It is everybody to himself, God for us all; who ever is slow, may the devil take him. In such circumstance, individual is desperately looking for the opportunity to grab and secure his tomorrow and that of his family. Therefore, a feel of patriotism or national consciousness is secondary in the minds of most Nigerians. Unfortunately or incidentally, we worship those who have been privileged to occupy the seat of power, not minding the fact that these people amassed their wealth by crucked means. We roll out chieftaincy titles, and national honours for the celebrated thieves According to John, Dalta Costa (2000) ethics as a reflex action are never as comprehensive or as motivational as the thinking and commitment applied to ethics as pre-eruption. That so many companies and notable corporate bodies and individuals in Nigerian are repeat offenders is directly due to the narrowness of seeing ethics in relation to a one time problem rather than in the context of the national psyche. Companies hire sonant people but do not leave them only to their wits to manage. Organisations expect strategies to be planted, analyses to precede decisions, and measure, to be put in place to monitor progress and results. Sonant companies, as learning organizations as Shell Petroleum, Mobile Producing to mention a few also invest consistently in training and skills development. An ethical orientation involves the same discipline. In addition to understanding the dynamics, that contributed to an error of ethical judgment, organizations need to explore the keeper tensions and contradictions that may put ethics at risk in future. Just as strategies require a situation analysis, ethics requires a temptation analysis. In other words, any individual or groups of people who are put into positions of responsible accountability must have their red alert threshold tests conducted. Retrogression analysis test or other psycho-analytical tests could be administered on them. Differently put, what moral and legal issues have raised ethical concerns in the past? How are these changing and testing the behaviour of the business organisation and its individual employees? What are new pressure points created by changes in technology or competition or globalization? How do corporate behaviours and policies influence the perception of those ethical conundrums? The process here is one of scanning the horizon with an ethical perspective, of expecting new confusions and temptations and anticipating risk. Central to the exercise is understanding not only the scope and scale of temptation but to the moral strengths and weakness of the business organisation for withstanding and overcoming them. This may involve and audit of past ethical performance an analysis of transgressions or an evaluation of the ethical concerns of the employees. The internent, as an example provides much more intimate access to customers, but it also à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. new issues of privacy and respect. So, in using this new medium, are the companys ethical skills maturing in concert with its, technical competence? How well equipped is the company for dealing constructively with new temptation afforded by the new technology? According to Dalla Costa, (2002) a strategic assessment sets the course for what must be done. An ethical assessment investigates the how. As we have learned from total quality and other programmes of corporate renewal, the what and how can no longer be separated. THE CONCEPT OF SOCIAL RESPONSIBILITY People often speak of the responsibilities of the firm of the firm or in a more common phrase, the social responsibility of companies These expressions are often used very loosely and are given different meanings be different speakers. Some people assert that business organizations have responsibilities which go beyond making profits. Often, what they have in mind is that it is proper for companies to support worthy community initiatives like universities, museums, hospitals, to reduce a minimum pollution: going voluntarily beyond the standard, set by the law. To employ the physically handicapped; to refuse to invest in certain places (e.g apartheid south Africa) in order to hasten desirable political objectives: and generally to use their activities in a way which is not calculated to maximize their profits but which will contribute to the common goal/good of the communities in which they operate. Other people reject outright the above position and argue that the only responsibilities of a business company are to obey the law and make profits for its shareholders. Still other think that companies can legitimately concern themselves with some of the causes listed above but not with others. It is not easy to find ones bearing in this jungle of conflicting opinions. It is often said that it is the duty of a companys managers to maximize their companys profits. Now whether or not managers have such duty will be a debatable topic. Fundamentally, maximizing profit does not just mean making an effort to generate greater profit. It means making every efforts to make profits as large as possible, subordinating literally everything (including loyalty, compassion the environment social welfare and other such considerations) to the increase of profits. According to Elegido, there is no argument or at least, there outght not to be, that profit is externally important for all business organizations but before one agrees that firms ought to maximize their profits, one ought to ask whether one agrees that profit is ultimately the only thing that matters in business and that in case of conflict, every other consideration ought way before it. PROF. FRIENDMANS POSITION Prof. Friedman, the famous monetary economist has consistently argued in favour of the thesis that an organistion has only one responsibility: maximizing profits for its shareholders while operating within the limits set by the law. He set out his main arguments for this position in a famous and other quoted articles entitled: The Social Responsibility of Business is to increase its profits. In Friedmans view, it is certainly a responsibility of organizations to respect all the laws which protect the public interest. But going beyond this would amount to having socially responsible executives functioning as redistributors who would take other peoples money and spend it on what these executives themselves defined as the general social interest, as if they were some sort of self appointed tax collectors. It is Friedmans contention that it will be better for everybody if business executives concentrate on maximizing profit for in this way, they will more effectively be led by and invisible hand to promise the good of the society. In fairness to Friedman, it sho

Analysis of Edmund Wallers Poem On a Girdle Essay -- Edmund Waller Gi

Analysis of Edmund Waller's Poem "On a Girdle" At first glance, Edmund Waller’s poem â€Å"On a Girdle† seems to suggest nothing more than praise of one woman’s fair beauty and the speaker’s love for her. After diving deeper into the text, however, it becomes apparent that the speaker does a much better job of praising himself than the woman. His love is more a lust for control and possession than a true declaration of sentiment. Waller uses extreme imagery and exaggeration to seemingly praise this woman. More importantly, however, he subtlety belittles her through tropes and diction. Waller evokes this image of her girdle to express his own desire to restrict this beautiful woman. It cannot be denied that Waller professes love for this woman. He praises her tremendously. He refers to her girdle as â€Å"my heaven’s extremest sphere†. Through this statement he is claiming that for him her girdle was the most expansive point of his universe. This is undoubtedly an extreme statement. He also declares, â€Å"My joy, my grief, my hope, my love / Did all within this circle move!† Waller is profoundly affected by this woman. She instills in him joy, grief, hope and love, all emotions someone enamored with a woman might experience. He loves her so much that if he can have her then, â€Å"Take all the rest the sun goes round!†. In essence Waller is saying he loves this woman more than anything else on earth. Unarguably, Waller holds this woman in extremely high regard. He has placed her on a pedestal. The more interesting idea to consider, however, is why he places her upon this pedestal. This woman is placed upon the pedestal because of her physical beauty. She is described as having a â€Å"slender waist†, a â€Å"na... ... is an object which can be given and then the word â€Å"me† suggests the speaker’s desire for ownership of this object. By using diction that suggests possession and control Waller reveals his true intent for this woman that the loves. This entire poem conjures up an image, that of a man with his arms encircling a woman as her girdle once did. After reflecting upon this image it can be seen as a very controlling one. The man has his arms around the woman but she has no part of the embrace. She is trapped. She is merely the object he has his arms around. She may be beautiful, he may love her, but she plays no role in the relationship. She simply remains in his embrace much like the deer in its pen she was compared to earlier. This is what Waller desires from this woman. He never asks for her love in return. He longs only for possession of her body.

Fist Pumping Their Way To The Top Essay

â€Å"Gym, Tanning, Laundry†, these three words have become increasingly popular among teenagers because of MTV’s hit reality television show, Jersey Shore. Television shows and their stars can become very influential to many of their viewers. Many of these viewers strive to be like these stars and mimic their style and attitude, in hopes of living the same careless lifestyle that has made these stars known around the world. Unfortunately, these television shows don’t always portray certain aspects of life realistically, and therefore send a false message that can be very deceiving. Studies show that television shows tend to follow several popular trends that do indeed portray the wrong reality. Harry F. Water’s article, â€Å"Life According to TV†, analyzes the different trends that television shows and movies in popular culture tend to follow. Harry Water’s focuses on George Gerbner’s research on the scientific examination of television far beyond familiar children-and-violence arguments. He describes television’s reality warp dealing with sex, age, race, work, health and crime. Water’s states in his article, â€Å"People over 65, too, are grossly underrepresented on television. Correspondingly, heavy-viewing Annenberg respondents believe that the elderly are a vanishing breed and that they make up a smaller proportion of the population today than they did 20 years ago. In fact, they form the nation’s most rapidly expanding age group† (Waters, 1982). Jersey Shore is a reality television show similar to that of â€Å"The Real World† and markets binge drinking, partying, fake tanning, and sleeping all day. It seems that the drama-driven cast seems to be promoting a careless way of life, and in fact might be rubbing off on its viewers. Elderly people are rarely seen on the show, and the stars are constantly shown going out with other young people, and going to bars and clubs that consist of other people around their age group. Even though some of the stars on the show are in their 30’s, they still live a constant partying lifestyle and act as though they are still young and essentially do not have to grow up yet. Teenagers watching this show can see this lifestyle as normal and strive to live their life the same way. The stars in the show live in a nice house and are constantly spending money, even though they only work at a pizza, ice cream and t-shirt company. In reality, these types of jobs would not cover the type of expenses these lifestyles come with. This lifestyle is extremely glamorized and in reality, someone living the same lifestyle as these stars would not be living nearly as luxuriously as they do, due to the success rate they have gained from the show. Many of these stars are on the front of magazines and all over different television talk shows because their show has become so successful and is increasing in fans. Some worry that viewers might have more motivation to be like these casts members and partake in inappropriate activities in hopes that they too will get famous. David Showalter a columnist for New Jersey newsroom says that, â€Å"MTV’s ‘Jersey Shore’ success is a cultural phenomenon† (Showalter, 2011), and for the most part he is absolutely correct. Jersey Shore has been a huge success, but for what? Partying? Another aspect of life that television shows often times portray unrealistically is health. Water’s states in his article, â€Å"Although video characters exist almost entirely on junk food and quaff alcohol 15 times more often than water, they manage to remain slim, healthy and beautiful.† Jersey Shore is centered almost entirely on partying and living that partying lifestyle- partying all night and recovering for half of the next day in order to be ready to do it again. However, the majority of the cast appears to be extremely well fit. This can confuse viewers because constant partying and binge drinking daily can be extremely harmful to one’s health. Even though going to the gym is part of these cast members daily routine, it does not make up for their excessive partying and will eventually catch up to them, when the viewers are no longer watching. These stars go out almost every night and are constantly shown belligerent to the point where they can’t walk and are starting fights in clubs and other public places, and for some reason young teenagers are seeing this as something cool to participate in. In an interview by Steven Guarino, he states, â€Å"Alcoholism is promoted on the Jersey Shore so much that it could influence younger viewers to drink irresponsibly.† The motive and center of the show is clearly the stars ongoing party lifestyle and their crazy drunken endeavors. The Situation, one of the cast members, has even stated in the first season on the first episode, â€Å"You can hate on me all you want to, but what can you possibly say to somebody that looks like Rambo, pretty much, with his shirt off.† Therefore, although the stars are constantly drinking and eating poorly, they still remain slim and good-looking, when in reality most people would be looking the complete opposite. Walter’s article also states, â€Å"Frequent TV watchers, the Annenberg investigators found, eat more, drink more, exercise less and possess an almost mystical faith in the curative powers of medical science.† When watching television shows, sometimes we get hooked and start to believe and agree with these stars way of life, not noticing the reality of it and allowing ourselves to get sucked into popular culture. Tanning is another major part of the popular Jersey Shore lifestyle. As we know, fake tanning can be very harmful to our skin, and cause skin cancer. However, the Jersey Shore characters act as if it is a way of life. Waters also states in his article, â€Å"Television may well be the single most pervasive source of health information. And it’s over idealized images of medical people, coupled with its complacency about unhealthy life-styles, leaves both patients and doctors vulnerable to disappointment, frustration and even litigation† (Waters, 1982). Despite what children have heard from their parents or other people, the un-healthy diets they see on television can appear healthy to them because they seem to be working for these reality TV stars and consequently can end up being more influential than what they’ve heard. Snooki, one of the show’s main characters, recently said on a Jay Leno show, that she’d like to change the world by installing cancer-causing tanning beds â€Å"in everybody’s homes.† Every member on the show tans in a tanning bed daily as a consistent part of their daily lives, and considers being tan as one of the main things one must do in order to be good looking. The cast members are very forward about this and seem to see nothing wrong with it. The Situation states in the second episode of the first season, â€Å"I wait till the last minute to shave, I wait till the last minute to put my shirt on ‘cause you feel fresh. These are rules to live by, shave last minute, haircut the day-of, maybe some tanning and the gym. You gotta do the guido handbook.† These quotes seem to be aiming towards the casts members’ hopes to influence viewers to live these similar lifestyles and to shoot to look like them, even if it’s not what’s best for the viewers’ health and unfortunately television shows continue to influence people in the wrong way. Although Jersey Shore seems to capture every negative aspect of reality television and continues to be unrealistic, it somehow remains the most viewed series on MTV. The third season finale delivered 4.8 million viewers; almost triple the audience who watched the season premiere on December 3 (Martin). It is clear that the Jersey Shore phenomenon is continuing to grow and become more widespread than ever before. This can be very troubling to parents and the messages being sent to young teenagers is influencing them in a very negative way, while showing them unrealistic â€Å"reality television†. With popular culture becoming more and more deceiving, viewers can forget to question who they are really taking after.

Compare and Contrast Essay Sample on Cultural Diversity

Compare and Contrast Essay Sample on Cultural Diversity The traditional custom of female circumcision, also known as female genital mutilation (FGM) persists primarily in Africa but has occurrences in at least 28 countries (Morris, 1996, pg. 43). FGM is a collective term that describes several different traditional, not religious, rituals. It has been estimated that between 100 million and 140 million infants, toddlers, children and adolescent females have undergone a FGM procedure and that between 4-5 million of these procedures are performed yearly (Althaus, 1997, pg.1). FGM is most often performed between the ages of 4-10 years and is performed by the village physician (Althaus, 1997, pg. 2). Typically the procedure uses a variety of instruments, such as knives, broken glass, and fruit thorns (Morris, 1996, pg. 45). According to Rita Morris, PhD, the procedures are classified according to the severity of structural disfigurement. Type I, often known as clitorectomy, involves removal of the skin surrounding the clitoris, and may or may not include removal of the clitoris. Type II, or excision, is the removal of the clitoris and part of all of the labia minora. The excisions are sutured with catgut or fruit thorns. Type III, infibulation, is the most severe form of FGM. In infibulation, the entire clitoris and labia minora are removed and the labia majora are sewn together, leaving only a large enough opening in the vagina for urination and menstruation. There are many physical and psychosocial ramifications associated with all types of FGM. FGM has been performed on individuals from many cultures; however, the procedure is not indoctrinated or required by any specific faith or religion (JAMA, 1995, pg. 1714). It has been estimated that approximately 98% of all Somalian women, 94% of Mali women, and 82% of Sudanese women have undergone FGM (JAMA, 1995, pg. 1714). The cultures that uphold these customs do so to: uphold group identity, maintain cleanliness and health, preserve virginity and family honor, and to further marriage goals (Morris, 1996, pg. 47). If a woman is not circumcised, she is considered to be â€Å"unmarriable†. In some societies, uncircumcised women are regarded as unclean and are not allowed to handle food or water (Morris, 1996, pg. 47). Others believe that the clitoris is dangerous and that if during childbirth, the baby’s head touches the clitoris, the baby will die (Morris, 1996, pg. 47). Those women that have not undergone the procedure are shunned by the culture and are considered t o be dangerous (Morris, 1996, pg.47). The debate over medicalization of FGM is relatively recent. In 1996, the Congress of the United States enacted legislation to criminalize the performance of FGM by practitioners on females younger than 18 years of age and to develop educational programs about the harmful consequences of FGM (Althaus, 1997, pg. 2). The World Health Organization (WHO) considers that â€Å"the medicalization of the procedure does not eliminate harm and is inappropriate for two major reasons: genital mutilation runs against basic ethics of health care whereby unnecessary bodily mutilation cannot be condoned: and, it’s medicalization seems to legitimize the harmful practice† (JAMA, 1995. pg. 1715). In1997, the WHO, the United Nations Children’s Fund, and the United Nations Population Fund issued a statement noting that FGM is a deeply rooted cultural practice; culture is a dynamic state and is capable of change (Althaus, 1997, pg. 4). Much work is being done in the area of education and cultural sensitivity. Although the Western medical community believes that refusal to perform FGM may reflect an ethnocentric viewpoint, protection of physical and mental health should be of utmost concern (Althaus, 1997. pg. 48). Various approaches to education can be implemented: community education, alternative rituals, and support groups should be available. Upon reviewing the literature cited above, this researcher believes that this will be a very prevalent issue in her practice. Since Minnesota has quite a number of Somalian families, these issues will need to be addressed and in various settings and environments. This controversy may exist on an OB/GYN floor, a women’s unit, in labor and delivery, in an OR setting; in rural settings or in big cities. Since western medicine laws have been enacted, our practice of this procedure is very limited for those of varying cultures. It is a crime to perform these procedures on females under the age of 18 years and legislation does not regulate which types of FGM are available. It has been criminalized because the procedures have been viewed as a human rights violation and because the procedures are barbaric (Morris, 1996. pg. 46), however, the United States has a growing number of elective cosmetic surgeries each year, including labial reductions and genital reconstructions. Although th ese elective surgeries are legal, certain laws could be written to lessen the severity of FGM, yet still allow the culture to express itself. It is this researcher’s view that Western medicine allows our people to make a choice, but in the African culture, this procedure is not a choice. The procedures are severe in surgical nature and are performed in unsterile environments, using unclean techniques (Althaus, 1997, pg. 3). Our culture is aware of the sensitivity needed to ensure good quality and proper health care. This researcher believes that to guarantee the best health care experience, the client must be able to make their own decisions, thus adults should be allowed to make decisions for themselves, based on proper teaching, knowledge base, medical practice, and counseling.

Anti Death Penalty essays

Anti Death Penalty essays I. Roosevelt Collins, a black man in Alabama, was convicted of rape, sentenced to death, and executed in 1937. Roosevelt testified that the victim who was white had consented to sex, which caused a near-riot in the courtroom. The all-white jury deliberated for only FOUR minutes. Later interviews with several jurors revealed that although they believed the act was consensual, they also thought that he deserved death simply for messin around with a white woman. Even the judge, off the record, admitted his belief that Roosevelt was telling the truth, QUOTE: An innocent man went to his death. Horace Dunkins was executed on July 17, 1989. His attorney never told the jury he was mentally retarded, with an IQ estimated at 65. When newspapers reported this several years later, one juror told the press she would not have voted for the death penalty had she known of his retardation. The accomplice to this crime was given a life sentence. II. Everyone has their own opinion of the Death Penalty. The problem is, most United States citizens do not have the facts. As long as the death penalty is a form of punishment, we all should be aware of this information...the correct information, and not just what crime the Dead Man Walking committed. III. Myself, Chandra, Steve, and Geoff have done extensive research on the subject of corporal punishment and will discuss those findings with you today. IV. The Death Penalty is a costly, immoral, and imperfect form of punishment. Before Americans chant Death for a moral wrong, we should make sure that we are right. V. Today we will discuss some of the problems with the death penalty, solutions and alternatives to it, and even give you a glimpse into how our future America will be if we continue this immoral deterrent. Chandra will share with us three of the major problems with the death penalty. Steve will discuss some soluti...

Describe an epidemic disease and how it may change the preparation of Essay

Describe an epidemic disease and how it may change the preparation of the bodies for funeral services - Essay Example In 1990 once again a similar type of virus was spotted among monkeys in Reston, Virginia which were imported from the Philippines. The strain was named Ebola Reston (EBO Reston). The epidemic continued to emerge in the region in different countries such as in Zaire in 1995 and 2003, Gabon in 1994, 1995 and 1996 and Uganda in the year 2000. In 1994 a subtype of Ebola virus was spotted in the Ivory Coast and was identified as Ebola-CI. So far there have been 1500 identified cases of Ebola virus in the world out of which two third have died. King (2003) further states that the virus is one of the 18 least known viruses that have the capability of causing viral hemorrhage fever syndrome. The virus belongs to the family of flaviviridae. There are four subtypes of Ebola Virus. They are Ebola Zaire, Ebola Sudan, Ebola Ivory Coast and Ebola Reston. Its outbreak is in the form of an epidemic that is capable of causing 88% deaths in the patients suffering from it. Ebola Zaire is considered to be the deadliest one with greatest number of deaths attributed to it. However no deaths were reported from the four cases of Ebola Reston. The virus is quickly replicated in human and non human tissues spreading the infection rapidly. The replication is followed by severe focal necrosis. The severest form of necrosis occurs in the liver where councilman like bodies are formed like the ones formed in the yellow fever. The tissues and blood of the near death patients suffering from Ebola virus are highly infectious. King (2003) states that in 1996 members of the National Institute of Virology of South Africa carried out a research in Zaire to find out the infectivity of the virus in different species of plants, vertebrates and invertebrates. It was observed that the serum and feces of the insectivorous bats (Tadarida pumila) and fruit bats (Epomophorus wahlbergi) were found to help the virus multiply rapidly without dying. No definite source has been identified

Clinical biochemistry Essay Example | Topics and Well Written Essays - 750 words

Clinical biochemistry - Essay Example ncerned with the whole disease range, and it mainly relies on detection of changes in the various components such as proteins, electrolytes and enzymes in blood serum and the other body fluids (Varcoe 2001). Clinical biochemistry also relies on the laboratory tests carried out on samples of patients’ body fluids. Obesity is an illness that results when the body accumulates excess fats to levels that cause a great deal of effects on the health of the person. This occurs when the body mass index of the person is above 30kg/m2. Obesity is mainly caused by excessive intake of carbohydrates and fats and lack of physical exercise of the body, and in some cases it is genetic while in others, it may result from endocrine disorders and medical complications. Obesity is a major threat to the lives of persons since most people do not realize that they have the condition until it is in its late severe stages. However, obesity can be treated or managed by dieting and doing physical exercises. Other models of managing obesity are the use of medical drugs that many people have opted to use. However, with the advancement and growth in the technological industry; and its wide application in almost every field, in the world, the medical discipline is no exception. The development of equipment that are used in treatment and management of various medical conditions has been a great boost in the fight towards a healthy society. The health of individuals is very critical, and thus the development of the field of clinical biochemistry has really advanced that fight. The incorporation of this advanced technology in the fight against obesity is clearly a great boost to helping the obese patient. The application of the clinical biochemistry technology in dealing with the obese patient is very wide. Biochemical analysis contribute in management of the obese patient since through the various tests carried out on samples of the patient’s blood; the condition is detected. Some of the

Genetic of Hereditary angioedema Research Paper

Genetic of Hereditary angioedema - Research Paper Example Mutation can result from alteration or modification in the nucleotide sequence. In line with this, Type-III individuals involve mutation in F12 gene which codes for coagulation factor XII (Hageman factor). Since Type-III is estrogen dependent, this type of HAE occurs only among the female population. Up to date, only Faiyaz-Ul-Haque et al. (2010) conducted a study with regard to HAE among the Middle Eastern Arab patients. HAE is a rare kind of hereditary disorder (Kesim et al., 2011). Therefore, healthcare professionals should study the genetic etiology of this disease by determining its genetic components that have occurred in different geographical region across the world. To assist the healthcare professionals in their study of HAE in UAE, a literature review will be conducted to identify the genetic etiology of HAE. Literature Review HAE can result from the functional deficiency of the C1 esterase inhibitor (C1INH) protein (Gosswein et al., 2008; Papadopoulou-Alataki et al., 2008 ). Basically, C1INH is an inhibitor that activates the proteases C1r and C1s. C1INH is also responsible for activating the coagulation Factor XII (responsible for checking the formation of bradykinin) and the plasma kallikrein (Duan et al. 2009; Bell et al., 2008; Gosswein et al., 2008). Pappalardo et al. (2008) explained that deficiency of C1INH is actually caused by the mutations in its structural gene. Using a genetic screening method for C1INH gene (SERPIN1G) in Italy, Pappalardo et al. (2008) found out that the presence of amino acid residues, which are important in protein function, could trigger mutations in the C1INH gene. Also related to the functional deficiency of C1INH, Papadopoulou-Alataki et al. (2008) revealed that â€Å"a new missense mutation in exon 2 of the C1INH gene, c.1A>G; p.Met-22Val (p.Met1Val)†, is common among patients with HAE. A study carried out in Greece by Speletas et al. (2009), with 11 HAE cases from 3 unrelated families, displayed diminished C1 inhibitor antigen levels when analysis was performed for SERPING1 mutations. The findings recognized conversion of TC to AA as the main cause of alteration. This toggle can turn the codon as a stop signal to terminate the polypeptide. However, the second family exhibited W482X mutation, while the third family displayed missense mutation M1V, signifying diversity in mutation in the area. Genetic mutation analysis in similar manner was performed in a Turkish family by Bork et al (2011), suggesting that HAE individuals with normal C1-inhibitor possess two missense mutations in codon of coagulation factor 12 gene in a few families, while in others, deletion of 72 base pairs (bp) was recognized. The study instituted deletion of 48 base pairs of exon 9, (otherwise responsible for coding amino acids 324 to 340), together with 24bp deletion of intron 9. Deletion of 72 bp was situated in the same F12 gene region as the missense mutations p.Thr328Lys* and p.Thr328Arg* accounted earlier, s ignifying a close linkage between F12 gene mutations altering the FXII proline. The mutation in the region was associated with proline rich sequence of FXII protein and HAE cases with normal C1-ING (Bork et al., 2011). Duan et al. (2009) also performed genetic analysis of FXII and bradykinin catabolic enzymes in Type-III

Physiology of Aging Essay Example for Free

Physiology of Aging Essay Physiology of aging is two different terms with a common meaning. That is, the aging processes. The term ‘physiology’ is defined by White (2008) as â€Å"the biological study of the processes and activities of the working parts and systems in the human body† (p. 8). Aging on the other hand simply refers to accumulation of age. Thus, in a sense, physiology of aging refers to the natural processes of the human body as it accumulates more years of existence. This processes according to Rastogi (2001) is â€Å"characterized by deterioration of several functions†¦and its rate occurs at different times† (p. 519). Physiology aging therefore Based on the definitions of White and Rastogi, it appears that physiology is a process that facilitates changes in the physical body including â€Å"how we look,† or how we act in response to the pressures of daily living. In other words, physiologic aging is the gradual process of physical changes towards a weak and aging physical body. On the question whether evidence-based methods slows down physiologic aging, it appears that it is not the case because there is no solid findings that categorically affirms it indeed slow down physiologic aging . Although there are some benefits to the physical body, Bluestone gave no indication that the method could slowdown physiologic aging. Evidence based methods however provide effective treatment for various diseases especially stress burn disease such as â€Å"coronary heart diseases† (p. 106), high blood pressures, and so on through its various approaches that relaxes the body. Going back to the definition of physiology and aging, physiologic aging is a process of getting old that is always accompanied by the deterioration not only of functions but also of body cells. In this case, there are clearly no alternatives to slow down physiologic aging, as aging is a normal process that might be hasten but may not slowed down. As I observe on various adult individuals, I noticed that many of them suffers from various diseases such arthritis, dementia, and rheumatic diseases. According to Enguidanus (2006), evidence-based practice that â€Å"provides a vehicle for providers to deliver high quality services to their older and frail, clients, helping them to preserve or restore function, maintain or improve physical and mental health status, and prevent or delay institutionalizm† (p. 2) is a program to cater the need . Apparently, to delay aging was not part of the purpose by which evidence-based methods. Thus the main thrust therefore of evidence base-methods’ was not to experiment whether it could slowdown physiological aging, but assist adults especially towards their physical and normal heath issues. Given the above discussion, evidence-based methods according to Enguidanos operate under three basic statements as follows: â€Å"Some things should be done†, â€Å"This should be done†, and â€Å"This should be done. † Clearly then physiology of aging speaks of the physical weakness of the elderly people as part of the natural processes of the body to grow weak as gets old. The Evidence-base methods is an agency that dealt with this physical problems rather than slowing than the processes of physiological aging. References Enguidanos, S. M. (2006) Evidence-Based Interventions for Community DwellingOlder Adults USA: Haworth Press Rastogi, S. C. (2001) Essentials of Animal Physiology India: Age International White, S. (2007) Grassroots Tennis: Helping Parents and Coaches Teach Kids USA: Lulu. com