The Economic Crisis Is the Greater Challenge than...

Globalization (a process) centers on improving the efficiency and speed that economies interact and transform interconnectivity between sovereign nations’ political, social and economic cultures. For centuries, globalized improvements in infrastructure (communication, economies, trade, and ideas) have allowed sovereigns to improve interdependence with others. This essay will present why the economic crisis, a global issue, is the greater challenge than pandemics to U.S. national interest. Regarding pandemic challenges, the U.S. has among the world’s best health care. The ability of the Center for Disease Control (CDC) to respond to pandemics is better than any other nation. Over the last 100 years, influenza pandemics have been among the leading cause of infectious deaths. Technological advances have expanded understanding of complex pandemics and have improved our ability to contain outbreaks or â€Å"manipulate micro genomes.† Caution should be considered as the same scientific knowledge can be deliberately misused. The U.S. works with countries, addressing infectious diseases that slow socioeconomic and democratic development, as well as the humanitarian emergencies and civil conflicts that pandemics contribute to. Infectious disease-related embargoes and restrictions on travel and immigration can cause economic frictions among sovereign states. 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Deception of Family in Death of a Salesman and A Doll’s House

Arthur Millers classic American play, Death of a Salesman and Henrik Ibsen’s classic play A Doll’s House, expose dysfunctional families and behaviors. In these plays, the themes of innocence, guilt and of truth and are considered through the eyes of deception. Both plays tell us that most of us choose to play roles and deceive, not only those immediately, but distantly around us. In Death of a Salesman the father passes deception to his boys the next generation. A Doll’s House Shows deception in a whole different way. We are shown a women’s role with lack of power in a mans society. In Death of a Salesman Willy Loman is a self deluded, insecure traveling salesman. Willy truly believes in the American Dream of easy wealth†¦show more content†¦Willy finally comes to result that his final product will be to sale himself. He makes the most extreme sacrifice by killing himself to attempt to leave an inheritance for his family. Willy’s final act, according to Ben, is â€Å"not like an appointment at all† but like a â€Å"diamond . . . rough and hard to the touch.†(1300). Willy believes the advice given by Charley â€Å"after all the highways, and the trains, and the appointments, and the years, you end up worth more dead than alive†(1281). In the play A Doll’s House Nora is the Narrator and the wife of Torvald Helmer. Nora has never had her own independence. She went from her fathers care to her husbands care. She is Inexperienced in the ways of life. As a result of everybody sheltering her she is careless and materialistic. Nora wants to take on role fully independent woman but does want to take the responsibility for the false union of her marriage and the strain of motherhood. Torvald is Noras husband of eight years has been promoted to manager of the bank. Torvald has built his middle- class living through his own work and not from family money. He sends a great deal of time focused on his business and studying. He seems to come across as stiff and harsh Deception is one of the most important themes within A Doll ´s House. It brings out the plot, outlines the characters, and shows what Ibsen was trying to show us about women and society.

Spectre of Terrorism and Nigeria Industrial - MyAssignmenthelp.com

Question: Discuss about the Spectre of Terrorism and Nigeria Industrial. Answer: Ford and Taylorism: The video titled Ford and Taylor scientific management compares between two automobile manufacturers of early 1900s namely Vulcan Motors in Britain and Ford Motor Company in the US. Vulcan Motors made cars which were expensive using slow methods taking weeks. The upper class society of Britain could only afford to posses them. Henry Ford, being inspired by Fredrick Taylor in 1908 introduced the theory of scientific management in the automobile production at Ford Motor Company and broke down the complex processes into several simple processes. He was the pioneer of assembly line technique of production which enabled mass production of automobiles at low costs at the Ford Motors. Ford introduced the system of high wages to workers which helped him to attract skilled labour. According to David Moore, a Ford Foundry worker, Henry Ford maintained strict control over the workers and any interference of workers union was strictly discouraged (youtube.com 2018). The scientific management of resources and men which Ford introduced at Ford Motors enabled mass production of automobiles at low cost which eventually led to introduction of low cost cars into the American market. Thus one can summarise from the video that manufacturing firms can bring down their costs of production by managing their resources scientifically and sell low cost goods to attract huge consumer base and earn huge revenue (Parkes 2015). Workers in Australia, America and Europe would accept Taylorism and its scientific management of resources. The small firms in these markets today have to face the challenges of cost cutting and sustainability which necessitate them to manage their resources more efficiently to reduce wastage. These firms can adopt Taylors system of scientific management to allocate their resources scientifically, ensure high productivity and reduce losses they suffer due to wastage of resources (Luning et al. 2015). Taylorism finds applications in the designs of the scripts used in the call centres. The scripts in the call centres today are either in digital formats or physical formats in which questions are arranged in planned manners in order to ensure maximum positive responses from customers. The employees in these call centres are monitored to ensure that they perform efficiently. The supervisors train underperforming callers to enhance their competencies. Moreover, the supervisors monitor the calls digitally to ensure that callers do not waste time asking unnecessary questions to customers (Gandomi and Haider 2015). This analysis shows that the call centres manage the questions on the scripts scientifically to ensure that the callers are able to get maximum productivity from them. Thus, one can infer from the discussion that the call centres scripts use Taylorism to a great extent to ensure high productivity. The ideas of Fordism and Taylorism depicted in the video dates back to a hundred years and may out of order according to some but there are still firms many parts of the world which require these ideas to survive. The small firms in markets like Africa and Asia today are struggling to achieve mass production at low costs. They face challenges from multinational companies which are able to reduce their costs of production owing to their global presence and robust revenues. These small firms can implement Taylorism to manage their resources scientifically to ensure maximum production. This would enable them to control their resources more efficiently and minimise losses they suffer due to wastage of materials (George, Haas and Pentland 2014). This analysis shows that centuries old ideas of Taylorism and Fordism can provide guidance to small firms in underdeveloped markets to become more productive and sustain in the face of the challenges from multinational companies. Thomas Freidman on Globalisation; 3 eras of globalisation: Professor Thomas Friedman in the video Thomas Friedmans Three Eras of Globalisation pointed out to the three eras of globalisation. The first era characterised by countries like Britain expanding their colonies into other parts of the world like India. This stage of globalisation reduced the world into a planet ruled by a few powerful counties like Britain. The second stage of globalisation was characterised by companies expanding into new host countries in search of markets and labour. This expansion of multinational companies shrunk the global economic plane to size small. This means that the consumers could avail goods manufactured in foreign countries because they could purchase these goods from the multinational companies which had entered their countries during the second era of globalisation (Benera, Berik and Floro 2015). The third or the final era of globalisation according to Friedman is characterised by empowerment of individuals across the globe to collaborate and compete in ventures like businesses. The professor pointed out that today individuals have lot of resources at their access which is both advantageous and terrifying. This access individuals have to resources is an advantage because it empowers them to start entrepreneurial ventures which result in introduction of new products, generation of new employment opportunities and capital maximisation in the market. While speaking on threats the era of individual globalisation poses, he hinted at activities like terrorism which is fuelled by the access individual terrorists have to huge reserves of arms and ammunitions. He concluded his lecture by emphasising that individuals today must be more responsible towards their actions because they are capable of impacting the world through these actions (youtube.com 2018). Some of the key drawbacks or risks living in a flat world are that undeserving groups of individuals like terrorists and hackers have access to huge reserves of technology, arms and financial capital. These individual groups often collaborate to attack countries and steal important data from governments and multinational companies. Their activities cause colossal loss to companies, their stakeholders, government, countries and the world at large (Imhonopi and Urim 2016). That is why access to resources which unauthorised individuals enjoy poses risks to the global welfare in the era of globalisation based on individuals. One cannot agree with Friedmans idea of flat world because the term refers to uniformity in the global economy. This is because people livings in all parts of the world do not enjoy uniform levels of access to resources. The developed and the emerging markets provide their people with resources to start business ventures. The people living in poorly developed economies on the contrary do not have access even to the basic necessities of life like food and water (Al Ariss and Sidani 2016). Hence, the idea of a flat or uniform world proposed by Friedman does not exist in reality and cannot be agreed to. The level of globalisation is not uniform across the world and in fact, is extremely diverse in nature. The developed economies like the US and the emerging economies like India experience a high level of globalisation. These countries are homes to multinational companies which own resources worth billions all over the world. These developed and emerging countries share products, talents and financial capital which result in generation of robust revenue (Imhonopi and Urim 2016). There are underdeveloped economies which are entirely dependent on these developed and emerging economies to meet even their basic necessities like food and medical supplies. These underdeveloped economies do not have many multinational companies and generate very low revenue (Dillahunt and Malone 2015). This shows that the level of globalisation is not same across the world-in some economies is the rate of globalisation is very high while in the poor countries it is very stagnant. Conclusion: One can conclude from the discussion that globalisation is not uniform all over the world. The developed and emerging markets should provide the underdeveloped markets with resources and help them to strengthen economically. The small firms in these three categories markets should adopt scientific management to maximise their production and revenue generation. The individuals today should be more responsible and ethical while using resources. They should use resources to carry out business ventures to bring about economic development and not to facilitate illegal activities like terrorism capable of causing long term damage to the global economy. References: Al Ariss, A. and Sidani, Y., 2016. Comparative international human resource management: Future research directions.Human Resource Management Review,26(4), pp.352-358. Becker, D.A., Orwig, M. and Pernsteiner, A., 2015. Symbolic Versus Substantive Regulatory Disclosure Requirements: The Case of Ford Motor Company in the Early 1900s.Accounting Historians Journal,42(2), pp.35-61. Benera, L., Berik, G. and Floro, M., 2015.Gender, development and globalization: economics as if all people mattered. Routledge. Dillahunt, T.R. and Malone, A.R., 2015, April. The promise of the sharing economy among disadvantaged communities. InProceedings of the 33rd Annual ACM Conference on Human Factors in Computing Systems(pp. 2285-2294). ACM. Ford Corporate. 2018.Ford Motor Company Timeline. [online] Available at: https://corporate.ford.com/history.html [Accessed 16 Jan. 2018]. Gandomi, A. and Haider, M., 2015. Beyond the hype: Big data concepts, methods, and analytics.International Journal of Information Management,35(2), pp.137-144. George, G., Haas, M.R. and Pentland, A., 2014. Big data and management.Academy of Management Journal,57(2), pp.321-326. Imhonopi, D. and Urim, U.M., 2016. The Spectre of Terrorism and Nigeria's Industrial Development: A Multi-Stakeholder Imperative.African Journal of Criminology and Justice Studies: AJCJS,9(1), p.20. Luning, P.A., Kirezieva, K., Hagelaar, G., Rovira, J., Uyttendaele, M. and Jacxsens, L., 2015. Performance assessment of food safety management systems in animal-based food companies in view of their context characteristics: a European study.Food Control,49, pp.11-22. Parkes, A., 2015. Lean management genesis.Management,19(2), pp.106-121. YouTube. 2018.Ford and Taylor Scientific Management (Edited). [online] Available at: https://www.youtube.com/watch?v=8PdmNbqtDdI [Accessed 16 Jan. 2018]. YouTube. 2018.Thomas Friedman's Three Eras of Globalization. [online] Available at: https://www.youtube.com/watch?v=lp4znWHvsjU? https://www.youtube.com/watch?v=oM2BguxRSyY [Accessed 16 Jan. 2018].

Enron Taking Advantage Of Accounting Limitations Accounting Essay Example For Students

Enron Taking Advantage Of Accounting Limitations Accounting Essay Enron was founded in 1985 by Kenneth Lay through a merge of Houston Natural Gas and Internorth. It owns 37,000 stat mis of grapevines for the usage of natural gas transit between manufacturers and public-service corporations. During the early 1980s, most of the contracts between gas manufacturer and grapevines were take-or-pay contracts. Few old ages subsequently, Enron profited from the alterations in ordinance of natural gas market that led to increased usage of topographic point market dealing. In 1988, Jeff Skilling suggested a gas trading concern by making a natural gas bank which turns out as a immense success. In 1992, the gas trading concern became a major subscriber to Enron s net income. However, they get downing to utilize off-balance sheet funding vehicles to finance these minutess. In the mid 1990s, Enron extended its concern to electric power, coal, steel, paper and mush, H2O and broadband overseas telegram capacity. Enron foremost developed the electric power marke t. They use peaking workss to run into power in demand during peak periods and had some successes in this market. In the late 1990s, Enron began utilizing plus visible radiation scheme where they merely hold heavy assets for the usage of bring forthing information. This scheme is so effectual until its gas fiscal trading represented 20 times its grapevine capacity by late 2000. Enron besides expanded their concern outside the U.S boundary line. Their subordinate was funded to build and pull off energy assets outside the U.S. which represented immense investings in the states economic systems. Though holding nucleus competency in pull offing grapevines, Enron still face many other hazards in international variegation such as political hazards. The Enron s complex concern theoretical account contributed to the autumn of Enron as it had created chances for Enron to take full advantages of accounting restrictions in pull offing its fiscal study. First, the trading concern in natural gas involved long-run contracts. In original, the accounting had been straight frontward by naming the existent cost of providing the gas and existent grosss received. However, Enron started to follow mark-to-market accounting, when a long-run contract was signed ; the present value of the watercourse of future influxs was recognized as gross while the present value of the expected cost of carry throughing the contract was recognized as disbursals. Therefore, the market value of unfulfilled additions and losingss under the contract were needed to be reported as one-year net incomes or losingss when they arose subsequently. This had created jobs in the fiscal study as Enron estimated the present value of the hereafter influxs even when there were serious inquiries about the viability of these contracts and their associated costs. Second issue was the exercising of particular purpose entities by Enron to insulate the house from fiscal hazards. Particular purpose entities are the shell houses created by patrons but funded by independent equity investors and debt funding. Harmonizing to by and large recognized accounting criterions, particular intent entity merely have to be consolidated with the house s concern when independent 3rd party have substantial equity interest in the particular intent entity which are at least 3 per centum of the particular purpose entity s entire debt and equity. This had turned Enron s balance sheet to be undependable when Enron was avoiding demoing some tantamount debts on balance sheet by exerting particular purpose entities. Other than that, the enlargement of Enron s new concern which were non executing every bit good as expected led to Enron s accounting jobs. .ubd7aa438bd81998ff10cde9a5d59dcf2 , .ubd7aa438bd81998ff10cde9a5d59dcf2 .postImageUrl , .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text-area { min-height: 80px; position: relative; } .ubd7aa438bd81998ff10cde9a5d59dcf2 , .ubd7aa438bd81998ff10cde9a5d59dcf2:hover , .ubd7aa438bd81998ff10cde9a5d59dcf2:visited , .ubd7aa438bd81998ff10cde9a5d59dcf2:active { border:0!important; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .clearfix:after { content: ""; display: table; clear: both; } .ubd7aa438bd81998ff10cde9a5d59dcf2 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ubd7aa438bd81998ff10cde9a5d59dcf2:active , .ubd7aa438bd81998ff10cde9a5d59dcf2:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text-area { width: 100%; position: relative ; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ubd7aa438bd81998ff10cde9a5d59dcf2:hover .ctaButton { background-color: #34495E!important; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ubd7aa438bd81998ff10cde9a5d59dcf2-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ubd7aa438bd81998ff10cde9a5d59dcf2:after { content: ""; display: block; clear: both; } READ: Rita Hayworth And Shawshank Redemption EssayHowever, all these jobs were undetected for long period due to several parties failed to acknowledge the jobs which including Enron s top direction, audit commission, external hearers, fund directors and sell-side analyst. Enron s top direction to a great extent used stock option to make outlook of rapid growing and its attempt to whiff up reported net incomes to run into Wall Street s outlook caused the jobs concealed. Audit commission did non observed the jobs occurred in the houses as they did non earnestly concerned about the development of Enron s concern and to a great extent relied on the information provided by direction, internal hearers every bit good as external hearers. Arthur Anderson, the external hearer of Enron was sued for utilizing slack criterions in their audits. There is a questionable struggle of involvement over the immense sum of confer withing fees paid by Enron to them. In add-on, Arthur Anderson besides failed to voice up sound concern opinion sing the minutess performed by Enron. The minutess were clearly designed for fiscal coverage instead than concern intent. At the tallness of their popularity, big institutional investor owned 60 per centum of Enron s stock. It drops to 10 per centum after the company announced its negative accounting issues in December 2001. There are some grounds that led fund directors in so slow in detecting the jobs in Enron. First, they were misled by the misstated fiscal statement or by sell-side analysts. Besides, their inducements to seek out high-quality information were besides hapless. Sell-side analysts were slow in acknowledging the jobs that occurred in Enron yet recommended Enron s portions to public even 2 months before Enron s bankruptcy. One of the common pattern in the industry was sell-side analyst tend to have fiscal inducements in urging Enron to their clients in order to back up their houses investing banking trades with Enron. Besides that, sell-side analysts relied to a great extent on internal information that provided by direction which caused analyst did non supply dependable analysis due to direction be given to non supply to analysts with critical and negative information. Mechanical, inflexible accounting criterions since old ages ago caused a company s fiscal study did non clearly reflect the fiscal hazard. The statements within Financial Accounting Standard Board ( FASB ) make things even worst when they did non come out with a satisfy criterions. Tonss of possible ways to forestall future Enron state of affairss arise due to the Enron instance. Independent managing of audit houses, such as Michigans confer withing concern or call off some types of audit clients audience was suggested by Securities and Exchange Commission. Some have proposed to curtail the regulations of alterations in stock options. Besides, there are houses ask foring foreigner as their board members and engage more professional fiscal officer, every bit good as guarantee more meetings and treatments among audit members and commissions. Other than those possible ways, there are few more cardinal ways may assist to work out fraudulent of fiscal coverage, such as alterations from Audit Committees to Transparency Committees. Audit commissions are fundamentally tosz assure that houses are following the general accepted accounting rules, where the functions of transparence commissions are guaranting that investors get equal information from houses and measure the effectivity of company s policies and determinations to help either internal or external parties understand the houses current state of affairs, public presentation and future hazards. Second, is to rethink the Auditor s Business Model. Successful hearer s concern theoretical account comprises of good audit house and profession hearers. A good managed audit houses hire more experts. Top direction gives right inducements to the right individual at the right clip. Failures are analyzed by experts. While hearers maximize their value of audits through supplying a t rue full set of houses public presentation and hazards to the investors, every bit good as minimising the costs and legal hazards of executing undertakings. Finally, is to by making an alternate environment for Institutional Investors. Capital market mediators such as analysts and investing banker supply unrealistic public presentation outlook and create unsustainable alterations in stock market monetary value, incentives for excessively aggressive, deceitful accounting, and for mismanaged houses. It is a must for investors to separate hearers from advisers, or sell-side analysts from investing bankers, other than have a deeper reconsideration of the ends, inducements and interactions among the capital market mediators. .ueea66c7432b650a2328b14e9ad1459bc , .ueea66c7432b650a2328b14e9ad1459bc .postImageUrl , .ueea66c7432b650a2328b14e9ad1459bc .centered-text-area { min-height: 80px; position: relative; } .ueea66c7432b650a2328b14e9ad1459bc , .ueea66c7432b650a2328b14e9ad1459bc:hover , . ueea66c7432b650a2328b14e9ad1459bc:visited , .ueea66c7432b650a2328b14e9ad1459bc:active { border:0!important; } .ueea66c7432b650a2328b14e9ad1459bc .clearfix:after { content: ""; display: table; clear: both; } .ueea66c7432b650a2328b14e9ad1459bc { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ueea66c7432b650a2328b14e9ad1459bc:active , .ueea66c7432b650a2328b14e9ad1459bc:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ueea66c7432b650a2328b14e9ad1459bc .centered-text-area { width: 100%; position: relative; } .ueea66c7432b650a2328b14e9ad1459bc .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ueea66c7432b650a2328b14e9ad1459bc .postTitle { color: #FFFFFF; font-size: 16px; f ont-weight: 600; margin: 0; padding: 0; width: 100%; } .ueea66c7432b650a2328b14e9ad1459bc .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ueea66c7432b650a2328b14e9ad1459bc:hover .ctaButton { background-color: #34495E!important; } .ueea66c7432b650a2328b14e9ad1459bc .centered-text { display: table; height: 80px; padding-left: 18px; top: 0; } .ueea66c7432b650a2328b14e9ad1459bc .ueea66c7432b650a2328b14e9ad1459bc-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ueea66c7432b650a2328b14e9ad1459bc:after { content: ""; display: block; clear: both; } READ: Michelangelo Buonarroti Persuasive Essay