Friday, December 27, 2019
Essay on Effects of World War I - 519 Words
Effects of World War I World War I was rising Nazi feeling across Europe, colonial and economic rivalries, which contributed to growing international tension. The main spark that started World War I was the assassination of the Austrian archduke Franz Ferdinand in Sarajevo in June 1914. The heart of the conflict were the Central Powers, Germany and Austria-Hungary, and the Allied Powers, Britain, France, and Russia; Italy joined later in 1915, and then United States joined in 1917. World War I was the first war to be fought on land, at sea, and in the air. World War I brought more technological innovations than any conflict in history. Machine guns, battleships, land mines, barbed wire, engine-driven transport vehicles, and other†¦show more content†¦By using new technology, many people or soldiers died because it is really easy to shoot somebody using guns instead of stabbing somebody with the sword as they used to do in earlier wars. This war killed many sons, husbands, fathers all over the wor ld. In this War of about 16,000,000 soldiers and about 13,000,000 civilians died all over the world in this war. It was hoped that this had served as a lesson to nations and that future battles could be avoided. After World War I the League of Nations was established to settle international argument peaceably like UN for United Nations. World War I also effected the economy of United States and the World economy. Stock market crashed in October 1929 in United States, and it marked the beginning of the great depression. Thousands of banks and businesses failed during this time. Agricultural production fell, and unemployment rose quickly. Unemployment commonly exceeded twenty five percent. In 1933 one out of every four American workers was out of a job. Since World War I effected the economies of almost all the countries, the world trade fell off and countries turned to nationalist economic policies that only provoked the problem. Prices of everything were so high that money sometimes was more useful to burn than to spend. Counties had over 280, 000 million dollars in expense during war. The costs of World War I was too big to pay for the world, and the economy of almost all the countries fell down.Show MoreRelatedThe Effects Of World War I1768 Words  | 8 PagesThe Effects of World War I Lindsay Frabotta Ms. Beck Honors World Cultures Period 3 19 May 2017 The Effects of World War I The ancient Greek philosopher Plato once said, â€Å"Only the dead have seen the end of war.†While this quote could be associated with any war or battle, it is especially meaningful when discussing World War I. Plato’s quote refers to the fact that war is never truly over and one can never tell when the next war will erupt. World War I was also known as â€Å"The War to End All Wars†Read MoreThe Great War And Its Effects On World War I1341 Words  | 6 Pageswith perfect clarity. All that I know now is partial and incomplete, but then I will know everything completely, just as God now knows me completely.†(Holy Bible, NIV) Fortunately, even when tragedy strikes, God s sole interest is the good of his children. Therefore, we can find comfort in the chain of circumstances God has organized not only for our lives but also for the world. God deliberately envisioned each aspect of The Great War and its effects. World War I was caused by Alliances, whichRea d MoreEffects Of World War I On America1425 Words  | 6 PagesEffects of World War I on America Basic Work Rough Draft World War I was a bloody and gruesome war that drew in many countries from around the world. It lasted from July 28, 1914 to November 11, 1918. As mentioned, there were many countries involved in World War I. These countries were separated into two clashing alliances: The Triple Entente, involving the powers of France, Britain and Germany; as well as the Central Powers which involved the powers of Germany, Austria-Hungary, the Ottoman EmpireRead MoreWorld War I And Its Effects On America1703 Words  | 7 Pagesentered into World War, it had already been raging for some time. Between the assassination of Archduke Franz Ferdinand during the tension between Austria-Hungary and Russia for the sake of dominance, the increasing competition from Japan for Chinese trade, and the increasingly offensive tactics of Germany concerning the U.S., the American population began to contemplate whether or not America should get involved, a topic that is still debated to this day. World War I and i ts effects were perceivedRead MoreThe End Effects Of World War I1555 Words  | 7 PagesEnd Effects of World War I World War I dragged on for a total of four years. Many were killed, some by another soldier, a mishap with a plane, or illness. On November 11, 1918, the war ended with an Armistice. The Armistice of World War I allowed the war to end without a winner. Germany got the heaviest load. The end of the war brought The Great Depression. Germany suffered the most during the Depression. The end of the war ignited a spark in many people that led to the roaring fire of World WarRead MoreGraffiti And Its Effects On The World War I1504 Words  | 7 Pagesmost likely been graffiti on it. Let’s start with what the definition of graffiti is, â€Å"writing or drawings scribbled, scratched, or sprayed illicitly on a wall or other surface in a public place†(Bing.com). Graffiti can be traced back as far as world war 2 the most famous tag of that time being, â€Å"Kilroy was here†along with an illustration the artist or ‘writer’ they are also known as, is unknown but believed to work in a bomb factory. Graffiti started to show it’s political and a more passionateRead MoreEssay on The Causes and Effects of World War I804 Words  | 4 PagesThe Causes and Effects of World War I In 1914 through 1918, the entire world was at war. Due to many small, and some great incidents, the world powers went to war. During the war there were many events that drastically affected the outcome. Some of these events were very influential. From the assassination of Archduke Francis Ferdinand to the Treaty of Brest-Litovsk, the war was shaped by events like this. On June 28, 1914, the Archduke of Austria-Hungary, Francis Ferdinand, and hisRead MoreThe Effect of World War I on Civilians Essay819 Words  | 4 PagesThe Effect of World War I on Civilians World War one was a military conflict which took place between 1914 and 1918. It involved many European countries as well as America and other countries around the world. This war was one of the most violent and destructive in European history. World War I was the first total war. Once the war began, the countries involved mobilized their entire populations and economic resources to achieve victory on the battlefield. The termRead MoreThe Treaty Of Versailles And Its Effect On The World War I Essay2857 Words  | 12 Pagesof the First World War, Germany stopped the conversion of its currency into gold when the war broke out. Unlike France, which levied its first income tax to pay for the World War, the German Kaiser and Reichstag decided unopposed to fund the war completely by borrowing, a decision criticized by financial stalwarts like Hjalmar Schacht even before hyperinflation came into being. The result was the exchange rate of the Mark against the US dollar started falling steadily during the war from 4.2 to 8Read MoreEffects Of World War I Ended On The 1920s1567 Words  | 7 PagesWhen World War I ended on November 11, 1918, President Warren G. Harding proposed â€Å"a return to normalcy†. This promised a return of the United States prewar mentality, without the thought of war contaminating the minds of the American people. With this in min d, the 1920s began- but Americans in the 1930s witnessed dramatic changes in their lives from the 1920s. The 1920s was a period of prosperity and economic success, while the 1930s was a time of economic downfall. The economy fluctuated between
Thursday, December 19, 2019
What Is Unstructured Data - 1250 Words
What is Unstructured Data? The term unstructured data can mean different things in different contexts. For example, in Relational Database Management Systems (RDBMS), unlike the traditional way, it is the data, which cannot be stored in rows and columns. Unstructured data is understood to include data like emails, attachments, images, gif files, mpg video files, text documents etc. The best example to explain unstructured data would be customer reviews and comments section in the amazon website products. These comments and reviews contain text, which can have different meanings as per the structure of the text. One of the ongoing topics for research is sentiment analysis, detecting sarcasm in a sentence structure etc. So we can tell that the unstructured data in text format can be text heavy and can contain important facts and figures. This leads in irregularities and ambiguities that is difficult to understand using traditional computer programs. In addition, the customer review section might contain images, reviews in the form of videos. This data will not fit in the traditional RDBMS. Another form of similar data is the semi-structured data. This type of data contains structured as well as unstructured data. Formats of these documents conform to a standard that offers an option of meta-data. For example, in emails, time of creation, authors, sender, receiver etc. However, the attachments will not fit in as a structured data format. Why is it important? MerrillShow MoreRelatedWhat Is Structured And Unstructured Data?722 Words  | 3 PagesSolution Description Emergence of big data generated by an increased number of data sources led the evolution of many data-handling tools. Storing and analyzing vast amounts of structured and unstructured data is a big challenge. Traditional relational databases such as Oracle, DB2, HANA, MySQL, and SQL Server still handle structured data for enterprise applications like ERP and CRM and financial systems. Most of these databases have added some level of in-memory features exception to SAP HANA, whichRead MoreManaging And Securing Unstructured Data1417 Words  | 6 Pageswith regards to unstructured data. Firstly understanding what unstructured data is of primary importance before trying to handle it. In simple terms unstructured data can be understood as data that can’t be stored in the form of rows and columns. It can be anything including email files, text documents, presentations, image and video files. Studies carried out by IDC and EMC forecasts that data will grow to 40 zettabyes (1 ZB = 1 billion TB). As of now more than 80% of all stored data in organizationsRead MoreCombining Structured And Unstructured Data Essay912 Words  | 4 Pages Ontologies of combining structured and unstructured data Proposal, Research Project Plan X to be presented on [presentation date] [Student Name] Option: XXXXXXXXXXXXXX Advisor: XXXXX This proposal is submitted to the Computer and Information Science faculty in partial fulfillment for the degree Master of Science in Computer and Information Science. TABLE OF CONTENTS 1. Introduction 1 1.1 Background RESEARCH 1 1.2 IDENTIFY THE PROBLEM AREA 1 2. REsearch APPROACH 2 2.1 HYPOTHESIS 2Read MoreDifferences Between Structured Data And Unstructured Data1739 Words  | 7 Pagesbetween Structured data and Unstructured data (18 Points) Similarities between Structured Data and Unstructured Data. 1a. What are some of the key differences between managing structured data vs. unstructured data? Structured Data Unstructured Data It has a well-defined content or high degree of organization No identifiable structure Structured data fit nicely into relational databases. Unstructured data does not fit into relational databases as it does not have a pre-defined data model or organizedRead MoreUnstructured Data Processing Essay944 Words  | 4 Pages100GB-TB, the data type is usually historical, summarized, multidimensional, integrated and consolidated. OLAP use complex query, and the underline structure is cube, â€Å"in relational database systems, OLAP cubes are constructed from a fact table and one or more-dimension tables [1]. It is ad-hoc, and not for everyday repetitive use. The users for OLAP system maybe about hundreds of people, but the records can be access can reach millions, comparing to OLTP which can have thousands of users and onlyRead MoreSociology Essay966 Words  | 4 PagesIn this essay, I will assess the strengths and limitations of unstructured interviews for investigating the effect of material deprivation on educational achievement by using Item B and my own knowledge. Material deprivation is the idea that a lack of money leads to disadvantages, Item B gives an example of ‘low household income, poor housing and a lack of work space in the home.’ An advantage of unstructured interviews would be that it is very informal; therefore, the respondent is more likelyRead MoreDatabase Mangement and Retrieval System1425 Words  | 6 Pagesdatabase management system and information retrieval system by focusing on their functionalities. Database Management System (as known as DBMS) is a set of application that enable user to create, edit, update, store and retrieve data from database files. By using DBMS, data in a database can be added, deleted, changed, sorted and searched. DBMSs are usually used to manage employee information of a big company, customer information and stock information. By using the DBMS, there are advantages andRead MoreAnalysis of Database Management and Information Retrieval Systems1527 Words  | 6 PagesDifferentiate between database management system and information retrieval system by focusing on their functionalities. Answer: What is database management system? Database Management System is a database program. The DBMS manage incoming data, organize it, and provided ways for the data to be modified or extract by users or other programs. This cause, most database software comes with an Open Database Connectivity (ODBC) driver that allows the database to integrate with other databases. For exampleRead MoreQuestions On The And Functions862 Words  | 4 Pages7000    108              A,        HEX 00FC 00FC    109              B,        DEC 14 000E    10A             C,         HEX 0108 0108    10B             D,         HEX 0000 0000 b) Draw the symbol table [2 marks] The symbol table is, c) What is the value stored in the AC when the program terminates. [1 mark] AC value is 0000(Hex). Question 2 Question 3 3.There are 256K or 218 words in the memory. Each of 32 bits long. a) How large must the mode field be? There are 7 modes from 1Read MoreApplication Of A Marie Simulator For Questions1079 Words  | 5 Pages7000    108              A,        HEX 00FC 00FC    109              B,        DEC 14 000E    10A             C,         HEX 0108 0108    10B             D,         HEX 0000 0000 b) Draw the symbol table [2 marks] The symbol table is, c) What is the value stored in the AC when the program terminates. [1 mark] When the program terminated the value of AC is 0000(Hex). Question 2 2. Write a MARIE program using a loop that multiplies two numbers by using repeated addition. For example, to
Wednesday, December 11, 2019
The Jewish Way in Love Marriage ( Maurice Lamm ) free essay sample
Critical review of work on Jewish teachings, traditions practices of love marriage in cultural, ethical religious contexts. Maurice Lamm in his book The Jewish Way in Love and Marriage is writing for a specific community to explain Jewish teachings on love and marriage and how they are based on traditions found in the Bible. These principles have been applied throughout Jewish history, and while this is certainly not the first book on these issues, it is a readable book produced for the contemporary Jewish community and in terms that link these doctrines to many of the larger social issues raised in society today. The book is written not for every Jewish community but for the American Jewish community of this period of time. Jewishness is always conceived in terms of a community setting, indicating how the individual may fit into that community, serve its needs, and gain strength from it at the same time. We will write a custom essay sample on The Jewish Way in Love Marriage ( Maurice Lamm ) or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Judaism is a religion that needs explanation and a linkage with Jewish history as an..
Tuesday, December 3, 2019
Michael Dominguez Essays - Habsburg Bohemia,
Michael Dominguez In the begging of the twenty-century a war was raged against the world. Every country fought to honor and defend it country. The Triple Entente, Germany, Austria-Hungary, and Italy versus the Allies, Britain, France, and America in an all out world war. Each county gathered its troops and raised their spirits high in the honor to defend one's nation. Germany was the first. They declared war on France. The French not willing to back down were at war. Germany now on hostile grounds gave Serbia and ultimatum. Serbia not knowing what to do accepted. Britain now is trying to keep Serbia neutral. Germany now seeking help to be the best sought out the second best, Austria-Hungary and they accepted. Total war. Germany using a captured mini-tank, called the whippet, developed a larger tank. General Ludenorff says the army couldn't spare the men necessary to build these weapons of mass destruction so the project was abandoned. Germany developed the flame-thrower. A flame-thrower was a tank or oil discharged through a long nozzle by pressure of compressed air. Various gases were used through out the war. Some much more deadly than chlorine, like phosgene or mustard gas. The later gases would turn out to be even more deadly because they didn't burn as chlorine did. A solider would be infected with out knowing it. The Austrian Empire has been characterized as consisting of "a dynasty of diplomacy." Of the diplomacy two great exponents were Metternich, the Chancellor and Franz Joseph, the Emperor. They were so dominating the first half of the nineteenth century was called "The Era of Metternich." Emperors and kings met in Vienna in 1885 to make over the map of Europe, and the adroit and the charming diplomat help a strong personal influence over the distinguished circle. July 28 Austria declares war on Serbia. Austrian-Hungarian territory shows that far below the northern most frontier of Serbia in the west. Consisting of provinces of Bosnia, Herzegovina, and Dalmatian. Thus Serbia was exposed on the northern front and the western front. Britain and France were far from beaten. General Alekesi Alkessichich Brusilov had two central principles upon his plan of attack. Suprise and disseperation of the enemies reserves rather than an all out attack. Despite criticism, Brusilov ordered four main attacks on reasonably wide fronts. Brusilov's offensive was launched on June 4, 1916 in Galica, in a rough coordination with Italian and British offensive. Initial Russian success was tremendous: nearly 200,000 Austrian solider was taken prisoner in the first week. Russian forces drove deep into Galica. The Austrian army was effectively destroyed as a major fighting force. While Russian forces advanced Austrian forces in Romania far into the allied camp. Bruslov's tactics were executed with such success that his plan was executed time and time again. America's first reaction of the war upon business was certain to be unfavorable. International trade was for the moment completely disrupted. American manufacturers found many of their accustomed foreign markets were cut off. Shipping facilities were greatly curtailed by the transfer of merchant shipping to military use. European stock exchange was closed. On July 31, the London stock exchange closed. Making the New York stock exchange the only important stock exchange open. The ratio of foreign exchange, at first ran heavily against the United States and then England. At one time it was seven U.S. dollars to one pound sterling. When war breaks out no matter where it is in the world. Every body is effected by the outcome. So why should we go indulge ourselves in war? What do we accomplish by destroying another's land and life?
Wednesday, November 27, 2019
The Auditor and Fraud Essay Example
The Auditor and Fraud Essay EXPLAIN THE RESPECTIVE ROLES AND RESPONSIBILITIES OF MANAGEMENT AND AUDITORS IN THE PREVENTION AND DETECTION OF FRAUD. The primary responsibility for fraud detection lies with management. This arises due to a contractual duty of care. Directors are able to discharge their duty toward prevention and detection of fraud and error in many ways, for example: * Complying with the Combined Code on Corporate Governance * Developing a code of conduct, monitoring compliance and taking action against breaches * Emphasising a strong commitment to fraud prevention. This involves establishing a culture of honesty and ethical behaviour within the organisation with clearly communicated policies. * Establishing an internal audit function * Having an audit committee The role of the auditor is with assessing the effectiveness of the internal controls. Auditors should appraise the risk of misstatements due to errors and fraud. The role of the auditor in the detection of fraud is appraised within case law, for example: Re Kingston Cotton Mill (1896) – An auditor â€Å"is a watchdog not a bloodhound†. According to Melville (2007), this judgement set the tone for the audit profession for a century. Auditors were to be passive checkers rather than be proactive in searching out errors, misstatements and fraud. This statement may no longer have the force it once did in the light of ISA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements. Auditor’s are now expected to recognise at least the possibility that fraud may exist and, consequently, adopt an attitude of professional scepticism in their approach to audit work. Re Thomas Gerrard Son (1968) highlighted the negligence of auditor in overlooking fraudulent activities committed by directors. We will write a custom essay sample on The Auditor and Fraud specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Auditor and Fraud specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Auditor and Fraud specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Auditors relied on stock certificates given to them by the managing director, a person who they trusted. This was supported by the decision in Re Kingston Cotton Mill whereby an auditor is ‘justified in believing tried servants of the company in whom confidence is placed by the company’. It was held that their responsibility was to investigate the matter fully once their suspicions had been aroused. If they had done so, the fraud would have been revealed. This is supported by the content of ISA 240 which requires auditors to follow up anomalies. Once suspicions have been aroused, tests designed specifically and uniquely to detect and establish the extent of fraud will be performed. Auditor’s should plan and conduct their audit tests to limit the possibility that material fraud and irregularities go undetected. Certain assets such as cash are more susceptible to fraud than others and audit planning should take account of this. Tests are mainly carried out due to the need to assess whether a matter is material before reporting it. If the matte proves to be material, it should be first reported to management (unless management are implicated in the fraudulent activity themselves). Auditors cannot guarantee the detection of all frauds and errors because they are not able to spend the time searching for frauds as they only analyse a sample. A guarantee cannot be made as auditors provide an opinion. IDENTIFY AND DISCUSS BOTH THE ORGANISATIONAL AND PERSONAL FACTORS WHICH MIGHT CONTRIBUTE TO AN ENVIRONMENT WHERE FRAUD IS MORE LIKELY TO OCCUR. The integrity of the individual and whether they seem to have a strong sense of ethics. Although a difficult characteristic to assess, the behaviour of individuals and their opinions on issues may provide important evidence to assist the auditors in assessing this characteristic. Personal integrity may well be a key if not the most important factor in keeping a person from committing fraud. There are many cases in which individuals with severe financial or personal pressures and the opportunity to engage in fraudulent activity do not do so because they have a strong personal moral code. Some fraud investigators believe that a strong moral code can prevent individuals from using rationalisations to justify illicit behaviour. Typical rationalisations include: I am only borrowing the money and will pay it back Nobody will get hurt (perception of fraud as â€Å"victimless†crime The company treats me unfairly and owes me Its only temporary until my financial position improves Everybody’s at it!! The extent to which individuals appear to be motivated by greed. Again, a difficult characteristic to assess but the individual’s concern with money and consumer goods may provide some clues about this. If someone starts turning up to work in a brand new Ferrari, they may have won the lottery, or benefited from the demise of a loving relative, or they could be up to no good!! The degree of loyalty exhibited by an individual. If the individual has been with one firm a long time, this may indicate a certain level of satisfaction with their employment and perhaps reduce the likelihood of them committing fraud. You should, however, also be aware that experienced employees, because they are trusted, might have a greater opportunity to commit fraud. Ernst Young Survey (2000) found that nearly half of the employees who defrauded their firms had been employed for over five years. Also bear in mind that opportunities to commit fraud can arise when an employee reaches a level of trust in an organisation or when internal controls are weak or nonexistent. Then the employee if he or she is so motivated will perceive that there is an opportunity to commit fraud, conceal it, and attempt to avoid detection and punishment Also, recent research undertaken by the Wharton School at the University of Pennsylvania suggests that in order to make it to the top ranks of corporate management you of course have to be very self-assured, but this can turn into overconfidence which can lead you to â€Å"cross the line†and commit fraud. For example, a senior manager believes that his firm is experiencing only a bad quarter or patch of bad luck. He believes it is in the best interests of everyone involved – management, employees, customers, creditors and shareholders to cover up the problem in the short term so that these constituents do not misinterpret the current poor performance as a sign of the future. In addition, he is convinced that down the road the company will make up for the current period of poor performance. It is the optimistic executive or overconfident executive who is more likely to have these beliefs. May stretch the rules a little or engage in earnings management ploys, but what if things don’t turn around as expected? Then he has to make up for the prior period and that requires continuing fraudulent behaviour. There appears to be a belief that overly optimistic executives can turn their firms around before fraudulent behaviour catches up with them, at least according to the US research. Jordan (2002) as cited in Quirke (2008) reaffirms this attitude by quoting a communist era Czech axiom â€Å"If you do not steal from the state, you rob your family†Antonio Birritella; â€Å"All these funds from the EU were seen as a gift to the Mafia, easy pickingsâ€
Sunday, November 24, 2019
Halliburton Essays
Halliburton Essays Halliburton Essay Halliburton Essay The company has gone through some negative publicity for exercising developing questionable business practices that have Impacted the American sprayer. In this paper I will evaluate Hallucinations planning approaches, analyze the influence of their corporate structure and their management initiatives. According to the Hallucination website (2009), the company consists of two divisions: Drilling and Evaluation and Completion/Production. Drilling and Evaluation provide its customers with an array of services that include: Abroad fluid services, Sperry drilling services, security drill bits, Hireling and Perforating services and Landmark and Project management. On the other hand, the completion and production dolls ancestress on delivering production enhancement services such as cementing, intervention and completion services. With so many responsibilities, Hallucinations management style and initiatives must be socially responsible and professionally aligned with its mission. In order for Hallucination to be successful, the company must have effective planning strategies that work. Hallucinations key to effective planning lies on their ability to keep their employees safe, employing its people according to their capabilities and developing technologies and financial Initiatives that bring confidence to Its customers. Furthermore, Hallucinations planning initiatives derive from several job performance initiatives. These include: the done right index, customer cost of poor quality, and customer non-productive time programs. With these checks and balances, Hallucinations ultimate goal Is to provide Its employees and customers with zero health, safety environment incidents, zero cost of poor quality and superb customer satisfaction. Additionally, in order to meet long term goals, the company has a board of directors that are responsible for reviewing long term strategic and business plans annually. : Hallucination requires directors, employees and agents to observe high standards of 1 OFF Dustless Ana personal tenets In ten conduct AT tenet outlets Ana responsibilities e company believes that employees must have a high degree of decorum and should not take unfair advantages, through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or other unfair dealing practices. To achieve these initiatives, the company has established guidelines covering areas such as: legal, ethics and corporate social responsibility. However, in spite of the Meanys vision and business initiatives, the company has faced some legal troubles. One legal trouble that the company has faced took place in September 2001. During this time the company was faced with a lawsuit and was ordered to pay investors one hundred thirty million dollars for misleading investors regarding the companys stock performance. It is evident that this affected the management planning by reducing the financial strength of the company. The website for ethics in business (2009), mentions that another issue that has affected Hallucination is their ethical practice standards. In the early sass the company was found to be in violation of federal trade barriers in Iraq and Libya by selling both countries dual-use oil drilling equipment and sending six pulse neutron generators to Libya. This action drove the company to plead guilty and ordered to pay $1. 2 million dollars with another $2. 6 million in penalties. In regard to corporate social responsibility, Hallucination is a good example of corporate greed. Hallucinations relocation of its headquarters to Dub while maintaining a corporate office in Houston is socially irresponsible. This move is clearly an insult to every American taxpayer who have paid for the companys no-bid contracts and endured their overcharging practices throughout the years. Whats even more alarming is the fact that during the Bush administration, Hallucination was accused of overcharging and contractor waste amounting to $2. 7 billion dollars. Irresponsibility such as this one affects the companys management planning strategies because it no longer controls its assets and looses its integrity. In my mind, some of the factors that influence the tactical, operational, and interagency planning of Hallucination are their lack of leadership, ethics and control. The company has been through so many ethical issues ranging from overfilling taxpayers by $169 million dollars to practicing human trafficking in Iraq. One way of correcting this deficiency is by first recruiting talented people with integrity and leadership skills that will act with the companys best interest in mind. Secondly, Hallucination should implement a process that allows for ethical checks and balances in order to avoid poor decision making thus preventing costly legal issues. Third, there has to be effective internal controls implemented. The company must not only act ethically in their business decisions but should be financially responsible. If the company takes these three simple steps and implements the four factors of management: planning, organizing, leading and controlling it will gain the confidence of its shareholders. It is evident that this company needs to re-commit themselves to their mission and the well being of their customers by practicing ethical and transparent business rules that will benefit the companys overall goal. Doing so will rolling order to tenet strategic, tactical, operational Ana contingency planning wanly will ultimately bring success to the company. In closing, despite Hallucinations policies regarding ethical and corporate social responsibility standards, the company must re-commit themselves to the four factors of management. Their commitment to the oil and gas business should be one without greed. Instead, it should be one that looks out for everyone involved by acting ethically correct.
Thursday, November 21, 2019
Relative value securities Essay Example | Topics and Well Written Essays - 500 words
Relative value securities - Essay Example Total operating expenses remain the same, yet total revenues have decreased by a small margin. Another factor to mention is the operating income, which has experienced the same kind of trends. An additional worrying sign is that the fund underperformed the S&P 500 by 2% during the first quarter of 1991. This is in stark contrast to the exemplary performance over the preceding five years. Jupiter Venture was only one of two mutual funds that had outperformed the S&P 500 year on year since 1985. The opportunity to take the Sensormatic offer is an attractive one, but there is no guarantee that Sensormatic would continue to grow at its current pace. Sensormatic is looking to move away from the soft-goods market and turn to hard-goods protection. However, the gross margin of hard-goods EAS systems is only around 30%, which is half of the figure for soft goods. The hard goods market is extremely competitive, and there is no guarantee that Sensormatic would come out on top. Win Smith should close Jupiter Venture and get out while he still can. Although the short-term prospects do not look good for Jupiter Venture, there is no reason to suggest that the company’s long-term viability is under threat. While the income statement and comparative financial data show that the company is stagnating, so are many of its nearest competitors. The boom of the mid to late 1980s is over, and Jupiter Venture needs to reinvent itself to prepare to expand going into the 1990s and beyond. The company’s balance sheet shows an encouraging signâ€â€total liabilities only make up about 15% of the company’s total assets (total liabilities of $12.2 million compared to total assets of $83 million). Jupiter Venture’s total long-term debt is only around half of this figure. This figures show that while the company may take a hit in the short-term, the foundations of the company are strong because it does not rely on debt to finance its operations. Looking at the comparative
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