Factors To Consider When Moving To A New Home In Texas...

Factors to Consider When Moving to a New Home in Texas Purchasing a home is a significant and costly decision. The procedure is long and complicated because of the moving process, research and work involved. Many families look for a dream home that can be liked by everyone in the neighborhood. The real estate market changes every time, and this brings new experiences regardless of having bought a house before. However, buying a home in a new region and moving can be daunting procedures because majority of families do not have an idea where to begin. Translating your thoughts of your dream home to a real estate agent can be a challenging thing to many people. This guide provides essential factors that people consider when moving to a new†¦show more content†¦You can modify it to whatever design you love with time. Design The layout of a house is essential. It is much easier to repaint walls, but the addition of more rooms and changing of the floor is expensive and takes a lot of time. Small details and designs that are unique make a home a beautiful place to live. When you decide to move to a new home in Texas, you have the choice of either keeping the designs simple or extravagant. Hiring Home Inspection Services Home sellers in Texas are required to fill a disclosure form to ascertain the features of the house. As a buyer do not rely so much on the document. You should hire an unbiased home inspector to inspect the property. Regardless of whether you are buying a new or old home, once the seller accepts your offer, make sure the professional checks the house properly before giving out the money. Work With an Agent There are many real estate agents in Texas. If you are buying a home for the first time, you need to make sure that the agent you choose has a remarkable experience in the real estate market. The agent must be willing to give competitive offers based on your best interest. The prices of properties keep changing depending on the location. Once you have found a home that meets your requirements, make an offer. First-time buyers may present several proposals before succeeding. You can hire an attorney when working with a real estate agent. The attorney willShow MoreRelated The Impact of Global Warming on Human Health Essay1988 Words   |  8 Pages When one hears the phrase â€Å"global warming,† what often comes to mind is melting ice caps and warmer winters but most people are horribly unaware of the effects that global warming will have on human health. Food shortages, contaminated water, extreme weather, and deadly heat threaten the world because of the warming temperatures of our earth. The effects of these can be seen today and their influence will be magnified in the not-so-distant future. But the most dangerous threat we face from globalRead MoreLatino Culture Related to Purnell Model1750 Words   |  7 Pagesprocess of globalization, nurses are moving to places of nursing shortage to offer their knowledge and skills beyond their home country (Campbell, 2003). In this case, information about culture, ethnicity and race becomes important to nursing profession and health care. This paper examines the culture of Latino’s under the guidelines of Purnell’s Model of cultural competency. It looks at issues relating to health promotion, disease prevention and management factors affecting health which are basicallyRead MoreThe Mental And Emotional Effects Of Divorce3822 Words   |  16 Pageshave a stronger impact on divorce in longer duration marriages compared to shorter marriages (White Booth, 1991). Long-term, low quality marriages ha ve significantly more negative effects on overall well-being (Hawkins Booth, 2005). Although studies show that some individuals adjust soon after they divorce, others exhibit long-term deficits in functioning. Instead, they experience an immense amount of strain, anxiety, and psychological stress (Amato, 2000). Ensuring the psychological well-beingRead MoreThe Controversy over the Death Penalty Essay2481 Words   |  10 PagesThe Controversy over the Death Penalty HE STOOD AT THE THRESHOLD OF THE EXECUTION chamber in Huntsville, Texas,18 minutes from death by lethal injection, when official word finally came that the needle wouldnt be needed that day The rumors of a 30day reprieve were true. Ricky McGinn, a 43-year-old mechanic found guilty of raping and killing his 12-yearold stepdaughter, will get his chance to prove his innocence with advanced DNA testing that hadnt been available at the time of his 1994 convictionRead MoreThe Death Penalty Should Not Be A Controversial Topic2111 Words   |  9 Pagesjustice system calls the worst punishment that can be given. Yet we find Capital Punishment to still be a controversial topic. My first topic of discussion will be the humane ways of ending a life when performed appropriately. My second topic of discussion is the financial burden of prosecuting a death penalty case verses the cost of ending a life. The final topic of discussion is how the bible, culture and race have played apart in the founda tion of the death penalty. The death penalty should be usedRead MoreEssay on The Assassination of John F. Kennedy4698 Words   |  19 PagesThe Assassination of John F. Kennedy On a clear sunny day in Dallas Texas, November 22, 1963 to be exact, at about 12:30pm, the Presidents car rounded the curve in front of the Texas School Book Depository building and proceeded on to Main Street throughout Dally plaza. Shots rang out and the President was rushed to the nearby hospital and was declared dead at 1pm. The Vice President took the oath of office and flew back to Washington with the slain leader. The accused assassin was arrestedRead MoreIs Genetics A Factor One Has No Control Over?2716 Words   |  11 PagesOur life begins prior to conception in some ways. What we will become is determined by factors which are in place before we are conceived. Our genetic makeup, our environment and culture all have an effect on whom we become. Genetics is a factor one has no control over. There are essentially two philosophies on our development. Freud regarded our development relatively complete by adolescence. In contrast, Erikson considered development to continue throughout one’s life span (Feldman, 2014, pp. 14Read MoreSouthwest Airline4004 Words   |  17 Pages11/18/2013 Southwest Airlines’ Description Southwest Airlines was introduced in Texas on June 18, 1971 with three Boeing 737 airplanes and only serving three cities of Texas which included Houston, Dallas and San Antonio. The company came a long way since 1971; today Southwest Airlines has 537 Boeing 737 airplanes and serving 68 cities around the US. Southwest Airlines has become a major airline in 1989 when it hit the billion-dollar revenue mark. Southwest Airlines is the United States’ mostRead MoreInclusion Practices in Education Essay example4520 Words   |  19 Pagesstudents studying to become educators. OnWEAC provides services to members and non-members, including a database of research materials, online access to classroom resources, education news and feature articles, and background on education materials. Visit the OnWEAC Home Page at www.weac.org to see the latest news, services and educational resources. This article was updated March 15, 2007 Inclusion remains a controversial concept in education because it relates to educational and socialRead More beach erosion Essay examples3156 Words   |  13 Pagestall landmark was just hauled more than a quarter-mile back from its former perch, where it was threatened by the encroaching sea. Coastal erosion chewed away about 1,300 feet of beach, bringing the waves to within 150 feet of the 4,800-ton sentinel. When the light was erected in 1870, it stood about 1,500 feet back from the waves. The lighthouse, on the Outer Banks, North Carolinas long barrier beach, was built to warn ships from waters called quot;the graveyard of the Atlantic.quot; Ironically

Underlying Derivatives Of The Global Financial Crisis Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 1023 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? As we known, the global financial crisis really started to show its effects in 2007 and into 2009. Around the world, stock markets have fallen, large financial organizations have collapsed, and governments in even the wealthiest nations have had to deal with the problems of financial systems. There are many researches for the reasons of crisis, people were told they are about subprime mortgages, poor accounting standards, bad financial tools made by Wall Street and the investment banks, specifically Lehman Brothers failure and AIGs credit default swaps. Derivatives are the underlying issues that link all of these items. High Risk of Derivatives Financial derivatives have many forms, including futures, forwards, swaps, options, and various combinations. Derivatives can reduce business risks, trade for profit, manage capital and funding costs, and alter the risk-reward profile of a particular item or an entire balance sheet. (Risk Management of Financial Derivatives Comptrollers Handbook January 1997).Due to their various functions, they have been used widely these years and become more and more popular all around the world, meanwhile, the characters of derivatives make them sensitive to external impacts, such as market price, liquidity, interest rates ,foreign exchange and credit. The volatility of those changes can influence derivative products easily. Unfortunately, these impacts change all the way, it is difficult for people to deal with all the sides when they make investment decisions. We can find out the main risks of derivatives are: price risk, foreign exchange risk, liquidity risk, interest rate risk and credit ri sk. At present, many financial organizations put derivatives together to create more sophistic derivatives, the innovation is over and improper because they are too difficult for people to understand, so people may be misled when they make investment decision. Don’t waste time! Our writers will create an original "Underlying Derivatives Of The Global Financial Crisis Finance Essay" essay for you Create order The Improper Risk Management Caused Financial Crisis Financial derivatives were the tools to manage risk at first, but when they work without the proper management system of controlling risk, it is quite easy to cause problem, such as crisis. In essence, what had happened was that banks, hedge funds and other financial organizations had become over-confident as they all thought they had figured out how to deal with risk and had ability to earn money efficiently by these tools. It was a result of a system heavily grounded in bad theories, bad theories, bad statistics, misunderstanding of probability and, ultimately, greed Naseem Taleb said, who once was a famous options trader in America. ¼Ãƒâ€¹Ã¢â‚¬  Naseem Taleb 2006 ¼Ãƒ ¢Ã¢â€š ¬Ã‚ ° During these 10 years, the finance industry flourished as more people began to think of how to against the downsides when investing in something. For instance, once options could be priced, it became easier to trade. Combined with the widely use of computer and Internet, the derivatives market exploded quickly. As people became successful easily, they used derivatives not to reduce their risk, but to take on more risk to earn more money, they were making more gambling. The crisis came about when the market was speculative. Some institutions are paying for risk on margin so people do not need to pay the full price in advance; it means that people are able to make big profits with little capital. They forget about the probability of losses, pay no attention on setting limit for risk. The financial organizations ignore to calculator the risk and make warning for attracting more customers to buy the derivatives. Governments play the most important roles of monitor in financial system. They encourage the financial institutions to make innovation to heavily develop finance all the way. Unfortunately, before the crisis, they focused on benefit rather than the risk of excessive innovation. The imperfect laws give opportunity to many financial companies to earn illeg al money. For example, the market for credit default swaps was enormous, exceeding the entire world economic output of $50 trillion by summer 2008(https://www.globalissues.org/). It was obvious that they were lack of controlling. The worlds largest insurance and financial services company, AIG alone had credit default swaps of around $400 billion at that time. Furthermore, many of AIGs credit default swaps were on mortgages, which course went downhill, and so did AIG. Hence, the eventual bailout (now some $150billion) of AIG by the US government to prevent them failing.( https://www.cnbc.com/id/26680263/AIG_In_Crisis) The Measures to Deal With The Crisis That Caused by Derivatives The measurement of derivative-related risks is necessary for proper monitoring and control. All significant risks should be measured and integrated into a bank-wide or corporate-wide risk management system. (Risk Management of Financial Derivatives Comptrollers Handbook January 1997 P10-11) Every department must corporate with each other to manage risk of derivatives. For example, price, liquidity, foreign exchange, market analysis and so on need to be monitored by different departments in the institutions. Team work can efficiently collect useful information and set models for analyzing, so the final report could be more valuable. Management should ensure that the various components of the institutions risk management process are regularly reviewed and evaluated. (Risk Management guidelines for derivatives July 1994 p8)This review should take into account the changes in the activities and in the market environment, since the changes may have created exposures that we should pay attention on . Any material changes to the risk management system should also be reviewed. A system should set boundaries for risk and make ensure the positions whether exceed proper levels .The limit system should be consistent with the effectiveness of the organizations overall risk management process and with the adequacy of its capital position. (Actions Needed to Protect the Financial System Statement of Charles A. Bowsher 1994 P14) An appropriate limit system should permit management to control exposures and monitor risk-taking. Conclusion In conclusion, the over development and excessive use of financial derivatives is one of the most important reasons to cause this crisis. Some major financial institutions such as end-users, mutual funds, hedge funds, securities firms, and even banks have incurred derivatives-related losses, most of these losses are due to inadequate risk-management systems and improper control and supervision. To prevent that from happening, governments and financial organizations should focus on improving the risk controlling system and pay more attentions on structure, evaluation and risk limit.

Invisible Men - 763 Words

Hist 2516, 9:00 Dr. Babicz October 18, 2013 Invisible Men The Negro Leagues were one of the most important and influential movements to happen in baseball history. Without these ‘Invisible Men’, who knows where baseball’s racial standpoint with not only African American’s, but others such as Cuban, Dominican, and South American players, would be in the Major Leagues. Throughout the book, one pressing theme stays from beginning to end: Segregation. The Negro Leagues flourished from 1920 to 1951, with the first all-pro African American team actually being formed in 1885.1 From that time period, a handful of players made their way to stardom. Of those players, Satchel Paige, Josh Gibson, and Jackie Robison among others had a monumental†¦show more content†¦This type of writing engages the reader, and almost gives them a feeling of being in the moment. Rogosin engages and keeps the reader hooked throughout the book while giving factual information and being formal when need be. Another impressive aspect of Rogosin’s book is the way he ties the hardships that African American’s faced and baseball together in a seemingly smooth connection. Rogosin realized that although he was writing a book on The Negro Leagues, he also couldn’t neglect the background information that came along with that time period. Rogosin includes stories of how teams remained afloat by scheduling exhibition games whenever possible to make money for the team. Rogosin goes on to say â€Å"it was pure economics: white people had more money.†2 Another aspect that is appealing in the book is Rogosin often draws comparisons to The Major Leagues on how the leagues differed and how they were similar. The disparities between the leagues really shocks the reader, and challenges their perspective of the time period the book acknowledges. As with every book, there will be flaws with the writer’s argument. In the time period this book was written on, the ideology of the Jim Crowe Laws were prevalent throughout the country. However, Rogosin doesn’t go into enough depth for it to be an effective argument that resonates with the reader. Rogosin does a phenomenal job describing baseball and America’s stance on AfricanShow MoreRelatedThe White Men Have Intentions Opposite Of Those From Invisible Mans880 Words   |  4 PagesI. The white men have intentions opposite of those from Invisible Mans. IM is merely an entertainer or comedy act for the wealthy white men. In Twarie’s article, he discusses an element of moral and emotional ambiguity to the novel, contributing to the mode of questioning that dominates it. Symbolic situations are illuminated in Ellison’s novel such as the Battle Royal, and the boxing match which give rise to the stereotypes we see throughout the chapter (196). When the IM first arrived at the ballroomRead MoreThe Invisible Victims : Prevalence Of Domestic Emotional Abuse Among Men2277 Words   |  10 PagesThe Invisible Victims: Prevalence of Domestic Emotional Abuse among Men 1. Introduction When speaking about domestic violence the picture that comes to mind is that of a man physically abusing a woman. Domestic violence manifests itself in other forms other than physical abuse. Domestic abuse can also take other forms like emotional, psychological and sexual abuse. Recent statistics show that domestic abuse against men is also on the rise (Cook, 2009). This can be argued in two ways: that it alwaysRead MoreThe Invisible Victims : Prevalence Of Domestic Emotional Abuse Among Men2277 Words   |  10 PagesThe Invisible Victims: Prevalence of Domestic Emotional Abuse Among Men 1. Introduction When speaking about domestic violence the picture that comes to mind is that of a man physically abusing a woman. Domestic violence manifests itself in other forms other than physical abuse. Domestic abuse can also take other forms like emotional, psychological and sexual abuse. Recent statistics show that domestic abuse against men is also on the rise (Cook, 2009). This can be argued in two ways: that it alwaysRead MoreThe House Of Mirth And Invisible Man1666 Words   |  7 PagesThe House of Mirth and Invisible Man Social invisibility, differences in male vs. female perceptions of event. While both the â€Å"Invisible Man† and â€Å"The House of Mirth† were written near the same time frame, they were written in differing perspectives, reflecting not only social classes but also gender roles of the time period. At the time these books were written, men and women had very different roles in society. Women were in the midst of a long arduous battle of the women suffrage movement andRead MoreBlack Men And The Brotherhood Essay1422 Words   |  6 Pagesrecognized by white men, white men seek visibility to further their political goals. What both have in common is the use of black men to amplify their visibility and expedite their success. The Brotherhood is an organization led by Brother Jack that entices the Invisible Man, recruits him, and takes advantage of his invisibility to spark a riot in the streets of Harlem. The Brotherhood takes advantage of his invisibility in multiple ways: the organization advises the Invisible Man during his speechesRead More The Narrator As An Invisible Man1305 Words   |  6 Pageshimself to the reader as an invisible man. The Narrator makes it clear that he is not actually invisible but is considered as such because people refuse to see him. The Narrator is speaking from an underground space illuminated by a ridiculous number of light bulbs underneath a whites-only building. He goes on to tell the reader that he was not always in this predicament and begins to tell the tale of his younger days which led him to his current situation. Invisible Man pleads that the reader bearRead MoreThe Invisible Man By Ralph Ellison1409 Words   |  6 Pagesin Ralph Ellison’s novel, The Invisible Man, the prologue serves as the beginning of the end, in preparation for an epilogue that revisits the narrator’s original inner conflict at the end of a personal narrative. Situated in a hidden underground cellar, the main character, the Invisible Man recounts the journey of his naive youth from the American south to the seemingly optimistic north in Harlem, New York. However, through several unjust experiences, the Invisible Man doubts the possibility ofRead MoreInvisibility in Invisible Man by Ralph Ellison Essay958 Words   |  4 Pagesconcept of invisibility is taken to the extreme effect of being physically transparent and unseen by anyone. In popular media, the hero is also often portrayed as being invisible, going behind the enemys back to complete his or her mission. In Ralph Ellisons Invisible Man, this view of invisibility is reversed; rather than being invisible and getting noticed, a man is in plain sight of everyone- however, due to a slew of stereotypes and prejudices, nobody recognizes what he accomplishes. Beginning hisRead MoreThe True Maeaning of Invisiblity942 Words   |  4 Pagesscience fiction and deals with the super natural. Upon actually reading it however it becomes painfully obvious that the main character of â€Å"Invisible Man† is quite visible inde ed. Fictional or not, he is a regular human being made of flesh and bone, and he even says so in the first sentences of the book. So how can this black man possibly deem himself invisible? Perhaps this nameless protagonist cannot be blamed completely for this freak occurrence. Maybe the invisibility stems from a lack of sightRead MoreThe Issue of Identity Formation Depicted in Ralph Ellisons Novel, Invisible Man966 Words   |  4 PagesAll of us go though a period of discovery of our identities. The novel Invisible Man, by Ralph Ellison, addresses the issue of identity formation by following the efforts of an invisible man in search of his identity. He considers himself to be â€Å"invisible† because people refuse to see him for his individuality and intelligence..The narrator in the novel Invisible Man is invisible to others and to himself because of effects of racism and the expectations of others. This is supported in significant

Racism And Prejudice Racial Profiling - 1078 Words

Racism and Prejudice Inflicted black communities since segregation and is still continues in today’s 21st century. The past and present assure us that history once again repeat itself with no difference. Americans has become divided to an expectation of what an American is. It seems that there has not been any solution to racial profiling. Unconsciously criminal’s assumptions are being beaten, violated, and murder over the decades. According to Thandisiwe Chimurenga, NO DOUBT THE MURDER OF OSCAR GRANTS illustrates the importance of a white supremacist system that has been designed to oppress people by racial profiling by color through the rigged judicial system, and media bias. Race and ethnicity defines the character and morality of†¦show more content†¦It is an exclusion of all American life. â€Å"†¦ what come out of the man’s mouth simply because the man was black†¦ because the person was not white. â€Å"of course he or she is a thug, a criminal, scumbag, a gang member, drug dealer, on welfare, a prostitute: he or she is black.† (Chimurenga, 171). This quote reveals the injustices we find against the African Americans, how the African Americans are commonly a suspicion. For this reason, Oscar’s criminal record was used as a motive for resisting arrest during the trial. â€Å"The imputing of crime to color continues with what we know to be racial profiling. Within the logic of white supremacy Blackness equals criminal.† (Chimurenga, 176). It is clear to see that the approach of police happens to be brutal from assumption of being black and dangerous to society. Police act based upon assumptions and no evidence. Mehersle encounter blacks differently than his own race. The judicial system favors police officers. Authority are protected by POBRA (Peace Officer’s Bills of Rights Act) restrict public access to police’s officers past. This shows a difference between civilians and the police force. They have the privilege of pleading not guilty on felonies being convicted. There is a clear conspiracy between prosecutors, judges and the police department. Proven that not a single African American picked to experience on the trial of Oscar Grant (153). â€Å"at the end of the trial Judge PerryShow MoreRelatedRacism And Racial Profiling And Prejudice1827 Words   |  8 Pageswith those words instead of my name. I do not say that I am ashamed of my culture or who I am but I just get tired of how society, giving and calling me by the labels, the labels built from their own stereotypes and racial discriminations. And here’s how my life has been filled with racism and discriminations. As every other day, I woke up with the worries of how my day going to be. Full fills with discriminations and stereotypes? Or being the victims of every other kid’s racist jokes? There are thousandsRead MoreRacial Profiling : The United States Essay1326 Words   |  6 PagesRacial Profiling The United States of America, a country founded on diversity, remains ingrained with hypocritical ideas with respect to its very foundations of freedom and independence. America shows no mercy in the prejudice actions towards its minorities. The United States of America contributes greatly towards the injustice of minorities and giving privilege towards its â€Å"native† people yet not all â€Å"natives† are greatly loved in the country as Neil Foley, author of Becoming Hispanic: MexicanRead MoreRacism : A Deeply Ingrained Problem1114 Words   |  5 PagesRacism is a deeply ingrained problem in our social systems. Even though we publicly denounce racism, it still continues to be an issue in our everyday lives. We choose to be ignorant of racism s influence until we see people affected by it on the news or in person. Even then, rarely do we choose to act upon what we see. The United States may have come a long way to completing Martin Luther King Jr s dream, but o ur biases are still a prominent issue today. In this country every race and everyRead MoreHow Racism Became A Problem Today1123 Words   |  5 PagesJae Xiong How Racism Became a Problem Today Racism is a deeply ingrained problem in our social systems. Even though we publicly denounce racism, it still continues to be an issue in our everyday lives. We choose to be ignorant of racism s influence until we see people affected by it on the news or in person. Even then, rarely do we choose to act upon what we see. The United States may have come a long way to completing Martin Luther King Jr s dream, but our biases are still a prominent issueRead MoreShould Racial Slurs Be Banned From Society?847 Words   |  4 PagesShould Racial Slurs be Banned from Society? Racial slurs have grown within American history as our society has developed into one of the greatest superpowers of the world. As a nation, America has fought several internal and external wars to advance into a free country and attain the rights it now holds. These rights, or moral principles, were established to protect the residents inhabiting each state. Countless rules of regulation against racism have been enforced by Congress beginning from theRead MoreThe Minorities Vs. Entertainment War Essay882 Words   |  4 Pagesis a battle between ethnicities and the entertainment companies that is transparent to the naked eye in the 21st century, the argument I plan to use is: the media and film industries are required to portray each minority fairly without racially profiling any ethnicity but does not stay accountable to their word and actions. Throughout the generation, entertainment has been an activity which provides diversion and permits people to amuse themselves in their leis ure time, provide fun, enjoyment, andRead MoreThe Minorities Vs. Entertainment War868 Words   |  4 Pagesis a battle between ethnicities and the entertainment companies that is transparent to the naked eye in the 21st century, the argument I plan to use is: the media and film industries are required to portray each minority fairly without racially profiling any ethnicity but turns a blind side to the current situation. Throughout the generation, entertainment has been an activity which provides diversion and permits people to amuse themselves in their leisure time, provide fun, enjoyment, and laughterRead MoreRace And Ethnicity : Race866 Words   |  4 Pages such as the religious, scientific, or social aspects of it. Racism has existed throughout human history. It is defined as the belief that a particular race possesses characteristics that are specific to that race, and that a certain race is superior or inferior to another. An example of racism is racial profiling, which has been significant issue that plagues our society, especially during the wake of recent events. Racial profiling involves law enforcement officials targeting certain individualsRead MoreSociological Theories Of Prejudice And Racism1645 Words   |  7 PagesSociological Theories of Prejudice and Racism Functionalist theory argues for race and ethnic relations to be functional and thus supply to the melodic conduct and strength of society, racial and ethnic minorities must assimilate into that society. Assimilation is a process by which a minority becomes socially, economically, and culturally absorbed within the dominant society. The assimilation perspective assumes that to become fully fledged members of society, alternative groups must adopt as muchRead MoreRacial Discrimination Against Minorities Within The American Workforce Essay1677 Words   |  7 PagesRacial discrimination against minorities within the American workforce is evident. Structural racism is the cause of why qualified minorities lacking opportunities, while lesser-qualified White-Americans are hired. This paper will discuss what structural racism is, how it plays into racial discrimination against qualifieded minorities, what can be done to prevent further racial profiling, and briefly touch on the adverse effe cts racial prejudice has on the economy. Keywords: structural racism, qualified

Advance Business Communication Commodities and Services

Question: Describe about the Advance Business Communication for Commodities and Services. Answer: Case Study 1 Company Background Enron was an American company which was in the field of energy, commodities and services. The company was founded in the year of 1985 after the merger between Houston Natural Gas and InterNoth. The company used to be one of the major companies in the field of electricity, natural gas, communication and pulp and paper. However, the company was involved in a massive financial scandal and as a result, the company become bankrupt (Markham 2015). Analysis and Reason for Failure Enron become bankrupt due some major financial and accounting reasons. One of the reason for Enrons downfall was the revenue recognition process of the company. instead of using the Agent model for reporting revenues, the company used to report the entire vale of trades as revenue. This is the reason for which the revenues of the company tend to increase unexpectedly year by year (Abdel-Khalik 2016). The introduction of mark-to-market accounting was a mistake for the company. After the introduction of mark-to-market, the viability and costs of the contracts were difficult to estimate and the investors and stakeholders of the company were provided with false and misleading information. Corporate governance was another reason for the failure of the company. It was reported that the board of directors of the company was involved in illegal trade practices to gain a large amount of remuneration along with the auditors of the company (McLean and Elkind 2013). The auditors of the company w ere criticized and accused for the audit results. These are the main reasons for the collapse of Enron. However, there are other reasons behind the collapse like increase in the executive compensation, ethical and political issues and others (Jones and Stanton 2013). Conclusion and Recommendation From the above discussion, it can be observed that the main issue behind the collapse of Enron is the accounting and auditing reasons. Thus, it is recommended that the companies needs to maintain and prepare the financial report as per the guideline of the respective authority of the country. On the other hand, the auditors must remember that they should not collaborate with the board of directors for their personal interests. The auditors are here to save the public interest and they should do that as per the guidelines. These are the recommendation in respect to the Enron collapse. Case Study 1 Company Background ABC Learning was an Australian company which was the worlds largest provider of the early education for children. The company was founded in the year of 1988 and the headquarter of the company was at Brisbane, Australia. The company was involved in some massive scandals and as a result, ABC Learning was voluntary liquidated in the year of 2009. After that, the company was acquired by Goodstart Early Learning. Right now, it has more than 600 early learning centers all over Australia. It was a public company and was listed in the Australian Stock Exchange (Sumsion 2012). Analysis and Reason for Failure There were various issues behind the collapse of ABC Learning. The company was not able to repay its debts and as a result, it sold its entire United Kingdom subsidiary and sold 60% of its United States subsidiaries. The Stock price of the company fell to $0.54 from $8.62 (Ross, Sy and Tinker 2012). The company faced massive controversy over the accounting practices adopted by the company. The controversy was about the asset valuation method. There are two types of assets valuation methods; they are historical cost and fair value. The value cannot exceeds the value of recoverable assets. However, the value of assets exceeded the value of recoverable assets (Christakis and Christakis 2012). There are other reason behind the collapse like the over complexity, poor decision making process by the management of the company and others. The corporate governance process of the company was not effective. On the other hand, the confidential data and information were disclosed for personal purp oses. The board of directors and the top level managers of the company misused the power given to them. Aggressive growth strategy was another reason contributed to the collapse of the company (Galloway 2016). Conclusion and Recommendation As per the above study, some of the recommendations are provided. First of all, it is recommended that the recognition process of the revenues must be proper and effective. It is recommended that the companies need to focus on the core activities of the organization in order to gain the desired growth of the organization. The financial position of the company is the health of the company and this is why the financials of the company need to be recorded in a proper way. It is recommended that the companies need to implement effective corporate governance strategies in order to establish coordination in the organization. References Abdel-Khalik, A.R., 2016. How Enron Used Accounting for Prepaid Commodity Swaps to Delay Bankruptcy for One Decade: The Untold Story.Available at SSRN 2747119. Christakis, E. and Christakis, N.A., 2012. Harvard Cheating Scandal: Is Academic Dishonesty on the Rise?.Time ideas,4. Galloway, C., 2016. Crisis Communication Research in Australia.The Handbook of International Crisis Communication Research,43, p.337. Jones, M.J. and Stanton, P., 2013. Enron Cartoons: Accounting in the Spotlight. In K. Kokubu, N.N. Sawabe and M. Sakaue eds.,,Seventh Asia Pacific Interdisciplinary Research in Accounting Conference(p. 136). Kobe: The APIRA Conference Committee. Markham, J.W., 2015.A Financial History of the United States: From Enron-Era Scandals to the Subprime Crisis (2004-2006); From the Subprime Crisis to the Great Recession (2006-2009). Routledge. McLean, B. and Elkind, P., 2013.The smartest guys in the room: The amazing rise and scandalous fall of Enron. Penguin. Ross, P., Sy, A. and Tinker, T., 2012. ABC Learning: accounting lessons never learned?.International Journal of Critical Accounting,4(1), pp.21-29. Sumsion, J., 2012. ABC Learning and Australian early education and care: a retrospective ethical audit of a radical experiment.Childcare markets local and global: can they deliver an equitable service, pp.209-225.

Drug Dependence Essay Example For Students

Drug Dependence Essay Drug Dependence In order for a chemical to be considered a drug it must have the capacity toaffect how the body worksto be biologically active. No substance that has thepower to do this is completely safe, and drugs are approved only after theydemonstrate that they are relatively safe when used as directed, and when thebenefits outweigh their risks. Thus, some very dangerous drugs are approvedbecause they are necessary to treat serious illness. Digitalis, which causes theheart muscle to contract, is a dangerous drug, but doctors are permitted to useit because it is vital for treating patients whose heart muscle is weak. A drugas potent as digitalis would not be approved to treat such minor ailments astemporary fatigue because the risks outweigh the benefits. Many persons suffer ill effects from drugs even though they take the drugexactly as directed by the doctor or the label. The human population, unlike acolony of ants or bees, contains a great variety of genetic variation. Drugs aretested on at most a few thousand people. When that same drug is taken bymillions, some people may not respond in a predictable way to the drug. A personwho has a so-called idiosyncratic response to a particular sedative, for example,may become excited rather than relaxed. Others may be hypersensitive, orextremely sensitive, to certain drugs, suffering reactions that resembleallergies. A patient may also acquire a tolerance for a certain drug. This means thatever-larger doses are necessary to produce the desired therapeutic effect. Tolerance may lead to habituation, in which the person becomes so dependent uponthe drug that he or she becomes addicted to it. Addiction causes severepsychological and physical disturbances when the drug is taken away. Morphine,cocaine, and Benzedrine are common habit-forming drugs. Finally, drugs oftenhave unwanted side effects. These usually cause only minor discomfort such as askin rash, headache, or drowsiness. Certain drugs, however, can produce serious,even life-threatening adverse reactions. For example, the drug Thalidomide wasonce called one of the safest sedatives ever developed, but thousands of womenin the United Kingdom who took it during pregnancy gave birth to seriouslydeformed babies. Other adverse reactions stem from mixing drugs. Thus, takingaspirin, which has blood-thinning qualities, for a headache can be very harmfulif one is also taking other blood-thinning drugs such as heparin or dicumarol.