Title Nine Essay Example For Students

Title Nine Essay All through ages, people have played composed games and sports. For that equivalent measure of time, it has been imparted that men are quicker, more grounded, and downright better at sports. We additionally have come to understand that the more slow, more fragile, and not as great ladies compensate for physical quality with mental ability, to prevail on the playing fields and courts of the world. In any case, this idea has not found athletic executives, mentors, and trustees sheets the nation over. Women’s sports is as yet not given the money related sponsorship, the training offices, the right preparing work force, and the help of the overall population for building winning projects; then again, losing men’s programs are given any and everything for unremarkable outcomes. Title IX was instated 25 years back, however the outcomes are difficult to see, on the off chance that they can be seen by any means. In states like Connecticut, where there are no pro athletics groups, state colleges are the expensive around. The University of Connecticut has two significant games, men’s and women’s ball. We will compose a custom exposition on Title Nine explicitly for you for just $16.38 $13.9/page Request now Winning projects, that incorporate national titles, have everybody in the state talking. They are discussing two effective mentors, two fruitful groups, and one effective athletic office. As per the UConn Athletic website page, Jim Calhoun, mentor of the UConn’s Men’s Basketball crew, has a 304-120 (. 717) record and 1 national title in his 13 years as lead trainer. Geno Auriemma, mentor of the UConn’s Women’s Basketball crew, has a record of 393-95 (. 805) and 2 national titles in the course of recent years. One would imagine that with status, a superior winning rate, and progressively national titles the women’s mentor would be paid better. No doubt OK, this is America. Geno Auriemma’s pay was about $ 250,000 for the year, while his male training partner made $ 875,000. (Walk 2000 issue of Connecticut Magazine) This training is entirely normal. Position or winning doesn't win more cash, since it is accepted that the men’s game is harder to mentor then the women’s game. Umm†¦ am I missing something? A game is a game, regardless of who is playing it, or so I thought. As indicated by the Detroit Free Press mentors of women’s groups, acquire 67 pennies to each dollar that a mentor of a men’s group wins. These were demonstrated not to be the main inconsistencies among men’s and women’s program. The Detroit Free Press examination shows women’s sports get 25 percent of the athletic spending plans, 27 percent of the enrolling dollars and 38 percent of the monetary guide. The normal Big 12 School spent a normal of 2. 2 million dollars on its men’s programs. The normal spent on women’s programs was $ 922,097. That’s a distinction of around 1. 3 million dollars. These patterns proceed all through the nation. Athletic Directors rush to add women’s projects to be agreeable with the law, however do little to help them once they are going. Women’s programs are then placed into a unimaginable circumstance; they are not given the assets to get the best enlists, the best mentors, or the best hardware. They are then advised to win, and on the off chance that they don't they are at risk for losing their game. On the off chance that they happen to win, it is regularly overlooked or overlooked rapidly. As we move into the 21st century, we need to wake up as a country. Balance isn't just giving guys and females a similar number of competitors or sports, but instead help. This help ought to be money related, passionate, and physical. All competitors should gaze toward home games and see the President of the University, the Athletic Director, and graduated class at a game. In the ideal world, this would occur however this is this present reality. In reality, a great many people can’t disclose to you who won the national title in women’s ball, however can reveal to you each washout in the previous 10 Super Bowls.

Searching for Bobbie Fischer free essay sample

Guardians continually push their youngsters to succeed, some of the time they are accepted to drive them excessively far to where the kid doesnt appreciate the movement. I think weve all observed that father and young man playing get outside for a considerable length of time when everybody realizes that young man simply needs to head inside and drink a decent glass of lemonade and possibly eat a treat. Pushy guardians are nothing unexpected in our way of life and Steven Zaillian investigates the possibility of pushy guardians in Searching for Bobby Fischer, Zaillian is the chief just as screenwriter making what I accept to be perhaps the best film of the nineties, it advances the topic of inner drive being the most significant factor of accomplishing an objective. In Searching for Bobbie Fischer Josh is driven by Bruce who is attempting to shape him into another Bobby Fischer, a previous title holder chess player. We will compose a custom exposition test on Scanning for Bobbie Fischer or then again any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Since Josh is incredible he begins to get uneasiness and doesnt like the reality he is relied upon to win. Josh in the end loses enthusiasm for chess and carries on with an ordinary life, while he chose to carry on with a typical life he additionally begins getting a charge out of chess once more. Josh begins playing chess at the recreation center with his companion Winnie and chooses to enter in another chess competition. The topic of Searching for Bobbie Fischer is that interior drive is the most significant factor to progress, this subject is exhibited all through the film. This topic begins when Joshs guardians acknowledge he is an amazingly decent chess player. Josh just delighted in the game and afterward he began not to like it when he was taken to such a large number of chess competitions. When Josh was playing in light of the fact that others needed him to play he lost concentration and lost the match. Joshs mother understood that Josh wasnt playing for himself any longer and put the chess competitions to an end. Sooner or later Josh understands that he needs to play chess for himself, gets went into the title and makes it to the last round. This is a case of the thereof inner drive being the most significant key to progress since when Josh doesnt have it he loses and when he has it he accomplishes a great deal. The method of this film likewise has a ton to do with the nature of the film and plays well with the topic. One thing they did to make the method truly stand apart is the lighting, the light of this film is one of a kind on the grounds that the movie producers chose to depict the chess sheets, in the room where he rehearses with his mentor the chess board is in a faintly lit room and has an intense tone about it causing it to appear to be an intense issue though in the recreation center the chess block is lit outside and the tone is brimming with life and glad. Another way they utilized method would be the tone with the various settings substituting from genuine to fun loving and changing the state of mind of the film to keep watchers intrigued. They additionally use Joshs mentor and companion as foils to one another giving them both two altogether different characters and alongside their characters two totally different chess procedures yet they despite everything depict Josh as being aware and a decent understudy to them two. As is apparent Searching for Bobby Fischer advances the subject that interior drive is the way to progress, Steven Zaillian shows this through the plot, topic, and the strategies utilized in this film and surrenders a nearby assessment to pushy guardians whose kids perhaps simply need to head inside and have a glass of lemonade.

Human Relations Essay Example for Free

Human Relations Essay Kid improvement alludes to an individual’s progress from birth to adulthood. There are a few changes that happen in an ordinary person’s life length physical, psychological and psychosocial (Fitch, 1999, p. 9). The three structure the spaces of youngster advancement. Physical improvement alludes to the progressions that happen in the individual’s body, for example, stature, weight, tangible and engine capacities, just as the hormonal changes (p. 9). Then again, psychological improvement insinuates the scholarly changes that happen as kids create (p. 9). As youngsters develop, they begin to create perspectives about themselves and their environmental factors. As they keep on scanning for their character, their psychosocial advancement likewise unfurls. There are various speculations that tackle youngster improvement. Stage speculations are hypotheses that focus on formative levels that are â€Å"quantitatively different† from different levels (p. 40). Quantitative, in this sense, implies that each formative level is a movement, an incorporation of past conduct and data (p. 40). Besides, the movement starting with one phase then onto the next is intermittent, demonstrating that it follows a fixed arrangement (pp. 40-41). Scholars who buy in the stage hypotheses of youngster improvement accept that all stages are all inclusive (p. 41). There are three significant scholars in kid advancement: Sigmund Freud, Erik Erikson and Jean Piaget. Sigmund Freud is considered the â€Å"father of psychoanalysis† (Thornton, 2006). Therapy is a procedure created by Freud that is utilized to reveal the oblivious (Morris and Maisto, 2002, p. 15). A clinical specialist by calling, Freud was especially intrigued by the focal sensory system (p. 14). In his life of work, he found that most illnesses are mental in nature, as opposed to physiological. Therefore, he arrived at the resolution that human conduct is driven by the oblivious senses (p. 446). He accepted that the oblivious senses are crucial in an individual’s endurance. In addition, he emphasizd the significance of sexual senses as the most significant component in character advancement. Character, as per Freud, is created around three structures: the id, the self image, and the superego (Fitch, 1999, p. 41). The id is guided by the delight standards, self image, the truth guideline, and superego, the ethical rule (p. 41). These structures are urgent in Freud’s hypothesis of psychosexual turn of events, or his keen on kid advancement. There are five phases in Freud’s Psychosexual Theory, each stage including a few degrees of sexual vitality. As indicated by Freud, as kids experience each stage, their character is being created. Nonetheless, when a youngster experiences horrible encounters, the sexual vitality that ought to have been at that specific stage might be influenced, bringing about what Freud named as obsession (Larsen and Buss, 2005, p. 47). Obsession may later prompt adolescence and certain character characteristics. In the oral stage (birth to year and a half), the infant‘s focal point of delight is the mouth (Morris and Maisto, 2002, p. 448). During this stage, the infant’s id is prevailing, particularly in light of the fact that the newborn child still can't seem to separate oneself and nature (Larsen and Buss, 2005, p. 47). The newborn child acquires oral joy by sucking, biting and gnawing (Morris and, p. 448). Babies who get a lot of joy will develop into idealistic grown-ups; the individuals who get little will transform into unfriendly grown-ups (p. 448). During the butt-centric stage (year and a half to 3 ? ears), the child’s essential wellspring of sexual joy is the rear-end (Morris and Maisto, 2002, p. 448). In this stage, the child’s personality is beginning to separate from his/her id and the youngster begins to build up independence (Larsen and Buss, 2005, p. 47). The kid begins to learn disposal and he/she gets sexual joy from holding in and removing excrement (p. 448). This is additionally when can preparing starts. Severe latrine preparing may bring about youngsters pitching fits, which as indicated by Freud will lead them into reckless grown-ups (p. 448). The third stage-phallic stage, happens after the youngster arrives at three years old (Morris and Maisto, 2002, p. 448). In this stage, the two young men and young ladies look for delight from controlling their private parts (p. 448). Curiously, kids become explicitly pulled in to other gender parent (Larsen and Buss, 2005, p. 48). Freud calls this the Oedipus and Electra complex (p. 448). The previous alludes to the Greek fanciful character that slaughters his dad and weds his mom (p. 448). The last alludes to the to some degree possessive love that young ladies show toward their dad while feeling envious of their moms (p. 48). The child’s superego is additionally beginning to take control, as the kid begins to pay heed to his/her parents’ values just as that of the general public. Obsession in this stage may prompt vanity and self love in later life. Or on the other hand it might prompt the inverse, wherein the individual gets pulled back, modest and has low confidence (p. 448). At the point when the kid arrives at 6 up until he/she arrives at pubescence, the youngster goes into an inactivity stage. During this period, sexual advancement is at a halt (Larsen and Buss, 2002, p. 51). The youngster loses enthusiasm for sexual conduct and rather starts concentrating on learning aptitudes that will support him/her become capable residents in the general public (p. 510. ). At adolescence, the youngster arrives at the genital stage. It is during this stage wherein sexual pressure develops. It is a time of sexual development. The genital stage is the last stage in sexual turn of events and it is in this phase where teenagers and grown-ups can complete unfilled wants from earliest stages and youth (Morris and Maisto, 2002, p. 448). It is when full grown sexual connections are built up.

The Theory And Practice Of Risk Management Finance Essay - Free Essay Example

Since the 1970s, world business transactions have experienced and contributed to diverse sources of financial uncertainty or risk (see, Dowd, 2005; Holton, 2003; Jorion, 2006; Tardivo, 2002a). Financial risk or risk created through financial transactions can be associated with value reduction. This reduction is due to market factors disequilibrium such as equity prices devaluation, interest or exchange rate fluctuations. Lately, in the competitive business environment, it has been discovered that firms have to face several financial risks namely market, credit, liquidity, operational and legal risks. The uncertainty scenario undoubtedly has had an impact on the volatility level of the financial market, thus influencing the return of an investment. Reflected in various dimensions such as the stock market, exchange rate, interest rate and commodity market, a volatile environment exposes firms to greater financial risk levels. Volatility that creates new dimension of busi ness and systematic risk then forces firms to amend congruently their operational structure to accommodate changes in the environment. These conditions motivate firms to find new and better ways to manage risk, specifically in the case reported by Dowd (1999a) where investors were exposed to multiple problems of market risk. Although risk cannot be totally eliminated, Fong and Vasicek (1997) stress that its effect, particularly on investment losses, can be minimized thoroughly when one understands and manages it according to an effective risk measurement methodology. Ironically, the tremendous evolution in risk management practices coupled with innovation of financial engineering instruments have several distinctive effects, depending on the nature of business (Basle Committee, 1994; Dowd, 2005; Fong Vasicek, 1997; Gastineau, 1993; Holton, 2003; Ibrahim, 1994). As indicated by several observers such as Brooks and Persand (2002) and Rahl and Lee (2000), viewing different kinds of business and investment portfolios based on an effective risk measurement tool is crucial in order to maximize returns and minimize risk. Thus by combining fundamental and analytical techniques to create new risk evaluation approaches, the process will be in a much better form to prevent larger financial losses. JP Morgan (1996) highlighted that the absence of a common point of reference for market risks makes it difficult to compare different approaches towards the measurement of market risks. The growing need for better empirical investigations to evaluate alternative measures of risk, says Brachinger (2002), realistically depends on whether the objective is to forecast choices under uncertainty or to provide superior predictors of introspective judgements about the risks being perceived. Along with the urgent needs of financial institutions to devise suitable mechanisms of risk management, the quantification of risk may avoid inappropriate policy decisions which can affect stake holders. As noted by Nath and Reddy (2003), should the underlying risk not be properly estimated, it will lead firms to a lower profit level and jeopardize the financial stability condition, since less optimum capital is allocated throughout the organization. The theory and practice of risk management have developed extensively since the pioneering study of Markowitz (1952) who presented portfolio risk as the dispersion of standard deviation around the average return or mean. This modern investment theory, as portrayed in the well-known Portfolio Selection: Efficient Diversification of Investment, assists market users to incorporate results of wealth distribution according to an assets class and the best investment position. Following Markowitz (1952), risk of a security was later portrayed by Sharpe (1963, 1964) as its covariance with respect to the general market index or Beta. From there, the measurement and evaluation have since evolved to handle a portfolios market risk. Although the trade-off between risk and return is well recognized (higher returns can only be obtained at the expense of higher risk), JP Morgan (1996) points out that the risk measurement component of the analysis has not received broad attention. Within the same perspective, JP Morgan (1996) also reports that the exclusive attention on the role of return, however, has led to incomplete performance analysis. They conclude that the return measurement gives no indication of the cost in terms of risk. By the early 1990s, Value-at-Risk (henceforth VaR) had gained immense popularity and had become an integral risk management tool and a standard to monitor and control a firms risk exposures. By definition, VaR summarizes the worst expected loss that an institution could suffer over a target horizon under normal market conditions at a given confidence level (Butler, 1999; Dowd, 2005; Jorion, 1997, 2006). Cassidy and Gizycki (1997) conversely termed VaR as the earnings-at-risk or a pote ntial loss amount. The main reason underlying its popularity lies in its simplicity of providing a single statistical figure summary of possible potential losses within a given time horizon. Since the introduction of the simplest VaR models, a range of approaches to calculate VaR has expanded from two important perspectives; number and complexity. Without doubt it is likely that VaR will become even more widely adopted over time (considering the views of academia and practical interest), since it is thought that such an approach may signal inefficiency in capital charges. Although Dowd (1998) reports that VaR enables firms to get a better sense of the overall risk and serves as a determinant of capital adequacy, the VaR methodology is not without criticism, one of which is that VaR may underestimate risk over simplified assumptions of normally distributed returns and constant variance. This is the case when ample empirical evidence has shown that rates of return distributions of financial time series exhibit fat tails, skewed to the left or peaked around the mode (Bali Gokcan, 2003; Glasserman, Heidelberger, Shahabuddin, 2000b; Zangari, 1996) and that volatility is time-dependent or better known as volatility clustering (Mandelbrot, 1963). Triggered by these circumstances, several related non-normal issues and consequences have been identified. From a regional perspective, an earlier survey by Murphy and Quinn (1993) observed that risk management practices by most Asian companies are underutilized. Both authors reported many companies either do not have any authorized risk management department/unit/staff or they lacked of precautionary actions to face instability in the business environment. Such act will definitely increase a firms risk and should be an encouragement to market users to pay extra attention to financial risk management aspect. In particular, since the 1980s the Malaysian economy has experienced several phases of growth and recession si tuations. Until June 1997, Malaysia grew prosperously with Gross National Product increasing at an average value of eight percent each year for eight consecutive years. But it was not long after mid 1997 that South East Asian countries were hit by currency crises which were led by misallocation of funds and overinvestment of capital (Dean, 1998, 2000). With extensive capital control, inclusive of pegging the Malaysian Ringgit to the US Dollar, Malaysia witnessed a better environment compared to its neighbouring countries, starting from the year 2000. As a result of a competitive market leading to higher risk exposure, professionals have turned their attention to search for a tool to measure VaR bounds with a specific distribution assumption without simultaneously over or underestimating it. Some of the current issues in VaR measures which motivate this research are explained in the following section.

The Janissaries Of The Ottoman/Turkish Empire Essay

The Janissaries of the Ottoman/Turkish Empire nbsp;nbsp;nbsp;nbsp;nbsp;The Janissaries was an elite corp. in the standing army of the Ottoman Empire from the late 14th century to 1826. Highly respected for their military prowess in the 15th and 16th centuries, the Janissaries became a powerful force to be reckoned with on the battlefield, and in government administrations. The janissaries were organized into three unequal divisions: the cemaat, bà ¶là ¼khalki, and segban. The Janissary corps was originally staffed by Christian youths from the Balkan provinces who were converted to Islam on being drafted into the Ottoman service. Another way the Janissaries found new soldiers was by enslaving their enemies and forcing them into service.†¦show more content†¦The boys he takes in his own land are called cilik. Then they take those who are physically built for battle on ships and there they study and train to fight in battles. There the emperor provides for them and gives them a wage. From there he chooses for his own cou rt of those who are to train him. The younger soldier must serve the older, and those who come of age and attain manhood, the sultan assigns to the fortress for further training. To better visualize and understand a battle involving the Janissaries we must look through the eyes of one of these elite soldiers. We do this through the memoirs of a janissaries solider named Konstantin Mihailovic. Mihailovic was a Serb who was captured by Mehmed II in 1455 where he was â€Å"drafted† into the Janissaries Corps. During his long career as a soldier he fought in many epic battles. In one of these battles he actually fought Vlad Tsepes, also known as Dracula. He was finally captured, given back his freedom and reconverted to Christianity. After these experiences, he settled in Poland where he wrote his memoirs. In this brief description, he tells of a Janissary siege. â€Å"The Turkish emperor storms and captures cities and also fortresses at great expense in order not to remain there long with the army. First having battered the city or fortress walls until it seems sufficient to him, and seeing that it is the moment to launch a general assault, he then order s it to be cried throughout the army.† AShow MoreRelatedThe Ottoman Empire Essay1146 Words   |  5 PagesThe Ottoman Empire Around 1293 the chieftain of a nomadic Turkish tribe named Osman, founded an empire that would endure almost six hundred years. As this empire grew by conquering lands of the Byzantine Empire and beyond, it came to include, at its height, all of Asia Minor, Albania, Greece, Bulgaria, Yugoslavia, Romania, Egypt, Crete, Cyprus, Palestine, and North Africa through Algeria; parts of Hungry, Austria, Russia, Iraq, Saudi Arabia, Oman, U.A.E., and Syria. The elite tactics and fearsomeRead MoreChildren in the Janissary Corps of the Ottoman Empire Essay836 Words   |  4 Pagescome to mind. But the Ottoman Empire had a military unit made entirely of young Christian boys. There are two types of elite forces that serve the Sultan: cavalry (The Cavalry of the servants of the Porete) and infantry (Janissary corps). The Janissary corps is also known as the yeniceri ocak, or â€Å"new soldiers corps.† and were the slaves of the sultan. They were trained and educated to be the most formidabl e force in Europe and had tremendous political power. The Janissary corps is organized intoRead MoreTurqueric Influence in Mozarts Alla Turca2363 Words   |  10 Pagesused to describe artifacts made in Turkey, or in France by Turkish craftsmen, and by derivation the influence on French design of elements from the Byzantine Empire, the Saljuq Islamic period and the Ottoman Empire.’ 1 In music, the influence of Turkish culture in European society also spurred composers like Mozart, Haydn and Beethoven to write music with the used of Alla Turca style in 18th century. Alla Turca was being referred to the ‘Turkish music’, however it is not purely music of Turkey but ratherRead More18th Century Ottoman Essay2216 Words   |  9 PagesCentury Ottoman Empire The Ottoman Empire was a state founded by Turkish tribes under Osman Bey in 1299. Under the leadership of Mehmed II, this fledgling nation became an empire with the conquest of Constantinople in 1452 by Mehmed II. The Ottoman Empire continued in its imperial form until it became the Republic of Turkey in 1923. As an empire, it was the most powerful state in the world with 32 provinces during the seventeenth century. In the last half of the seventeenth century, the Ottoman EmpireRead MoreThe Origins Of The Percussion Family1310 Words   |  6 Pagesclassify the plethora of instruments. For the sake of this document we will use the broad classification of Janissary instruments and non-Janissary instruments. The Janissary instruments find their roots in the Turkish military bands of the Ottoman Empire. The term Janissary refers to the Turkish Yeà ±i-à §eri, or â€Å"new troops†. Sultan Orkhan I, of the Ottoman Empire, created The Janissaries, but his successor, Murad I, off icially established the corps circa 1360’s CE. They were originally an eliteRead MoreThe Age of Gunpowder Empires, 1450–1800 Essay941 Words   |  4 Pagesthings in history is the nature of nations and empires. Civilizations are born, reach their potential under extraordinary leaders, and over time lose their vitality and strength. The remarkable feature in this cycle is that new civilizations emerge out of there fallen leaders, regenerated by new leaders and by outside cultural influences, often resulting in cultural power. Such were the circumstances under which the Ottoman, Safavid, and Mughal empires emerged between 1300 and 1650. Coming on theRead MoreTranscultural Exoticism Essay981 Words   |  4 Pagesfather, Mozart says â€Å"Osmin’s rage is made comical because it is accompanied by Turkish music.† (Weiss, 133) Turkish music became very popular in Operas during the1700s because of a shared sentiment of hate for the ottoman empire across western Europe. Janissary music was used to help reinforce negative stereotypes about the Turkish people and â€Å"the popular image of the Turk represented in them [Operas centered on Turkish subjects] centered on promiscuous sexual ity (the European interpretation of IslamicRead MoreFinal Essay1043 Words   |  5 Pagesdelivered a third and final strike, composed widely of Janissaries of whom were thoroughly trained in the expertise of battle. Despite a swift attempt by our soldiers to again tip the ladders that allowed the Turks to scale the city walls, many enemy forces made headway over the top and eagerly slaughtered their way into the city. While in the last two attempts we had successfully fended off the invasion, the pursuit of their trained Janissaries quickly proved superior as they battled  their way throughRead MoreFall of the Ottoman Empire Essay3046 Words   |  13 PagesAdnan Khawaja 1EP-5 4/2/12 (Super Awesome Title) The Ottoman empire; one of the greatest empires in history. The Empire, at its height, ruled most of the land around the Mediterranean. It contributed much to culture, science, religion, war, politics, and the world. Its monumental fall will be known throughout history. How can the swift decline of the Ottoman power be explained? Perhaps the best way to understand how important this event was, there needs to be a brief explanation of the historyRead MoreSuleiman the Magnificent1501 Words   |  7 PagesSuleiman the Magnificent The Ottoman Empire was an empire lasting from 1299 to 1923. Osman was leading the small Ottoman Empire in 1299 in western Anatolia and he was slowly extending his settlements away from his Muslim neighbors. It was not allowed for Muslims to kill other Muslims. He had a number of soldiers called the Ghazis who were brave, loyal and fearless. These solders helped Osman tread into unknown land and spread his rule. Osman’s name was becoming more known and after his death, people

Hills Like White Elephants - 911 Words

Every day people make decisions that affect their future lives. What makes a right decision? What may be right to some may be wrong to others. Right and wrong decisions are objective and vary among each individual. â€Å"Hills Like White Elephants,† by Ernest Hemingway, portrays the idea of decision making between two characters in a valley in Spain as they wait for a train to arrive. Jig, the protagonist, attempts to make a crucial change in her life by making the right decision, although her flaws, including indecisiveness, prevent her from taking action in her decision. Jig and the American have had a romantic relationship for quite a while and now their future together is in jeopardy. The two of them are having a conversation on whether or not Jig should get an abortion. The man is trying to convince the woman to do something she is hesitant to do. Hemingway uses metaphors and symbolism to express their feelings and decision-making. â€Å"Hills Like White Elephants† displays the differences in how a man and a woman may view pregnancy and abortion. Jig, a woman, sees pregnancy as a beautiful aspect in life. Hemingway uses symbolism in the couple’s conversation to imply the woman’s pregnancy. The woman refers to the nearby hills on the train platform as elephants; â€Å"They look like white elephants†. She compares the hills to her own situation, pregnancy; â€Å"They’re lovely hills. They don’t really look like white elephants. I just meant the coloring of their skin through the trees.†Show MoreRelatedHills Like White Elephants By Ernest Hemingway859 Words   |  4 PagesHills Like White Elephants, short story by Ernest Hemingway, published in 1927 in the periodical transition and later that year in the collection Men Without Women. The themes of this sparsely written vignette about an American couple waiting for a train in Spain are almost entirely implicit. The story is largely devoid of plot and is notable for its use of irony, symbolism, and repetition. (Encyclopedia Britannica). The Short Story brings the read into a discussion, between a man and a girl. TheyRead MoreHills Like White Elephants1354 Words   |  5 PagesSymbolism in â€Å"Hills Like White Elephants† Ernest Hemingway’s â€Å"The Hills Like White Elephants† is a short story published in 1927 about an American man and a woman named Jig. The setting of this story takes place at a train station located in Spain surrounded by hills, trees, and fields. Other devices used by Hemingway throughout this story include imagery, simile, excellent syntax, and a very tense and emotional tone. In the beginning of the story, the American and Jig sit outside of the trainRead MoreHills Like White Elephants996 Words   |  4 PagesErnest Hemingway’s short story â€Å"Hills like White Elephants† discusses the decision one girl must make and the consequences which accompany her choice. A â€Å"white elephant† is a valuable possession which its owner cannot dispose of but whose cost (particularly cost of upkeep) exceeds its usefulness. The â€Å"white elephant† in Hemingway’s story is the unnamed situation and the choice which Jig, the protagonist, m ust make. This drama takes place in Spain in the 1920’s, during which time the majority ofRead MoreHills like white elephant5316 Words   |  22 PagesHills Like White Elephants: The Jilting of Jig Hashmi, Nilofer. The Hemingway Review, Volume 23, Number 1, Fall 2003, pp. 72-83 (Article) Published by University of Idaho Department of English DOI: 10.1353/hem.2004.0009 For additional information about this article http://muse.jhu.edu/journals/hem/summary/v023/23.1hashmi.html Access Provided by Chulalongkorn University at 11/21/11 7:26AM GMT â€Å"hills like white elephants†: T h e j i lt i n g of j i g nilofer hashmi Georgia SouthernRead MoreThe Hills Like White Elephants1143 Words   |  5 PagesAfter reading â€Å"The Hills like White Elephants,† I discovered that there are a lot of interpretations that could be made to accompany this story. The story takes place at a bar across from a Spanish railroad crossing. The story states that there is no shade or trees, and that the hills are white. The story does not provide a plethora of information on the characters, it rather just jumps right into the story, leaving a lot to the imagination on how they got there. I do believe that this is done onRead MoreHills Like White Elephants1015 Words   |  5 PagesHills Like White Elephants, written by Ernest Hemingway, is a story that takes place in Spain while a man and woman wait for a train. The story is set up as a dialogue between the two, in which the man is trying to convince the woman to do something she is hesitant in doing. Through out the story, Hemingway uses metaphors to express the characters opinions and feelings. Hills Like White Elephants displays the differences in the way a man and a woman view pregnancy and abortion. The woman looksRead MoreHills Like White Elephants838 Words   |  4 PagesHills Like White Elephants Ernest Hemingway’s Hills Like White Elephants presents a fictional example of the modern day prevalence of miscommunication among others, namely men and women. Depicted through the couple and the present issue at hand, Hemingway strives to allude to the unfortunate truth that despite constant speaking among beings, genuine communication continues to fall short and is nearly nonexistent. Existing is the lack of productivity when the true feelings of both parties are notRead MoreHills Like White Elephants1715 Words   |  7 PagesHills Like White Elephants shows a seemingly simple discussion between Jig and an American man about the possibility of an operation. Yet, when the story is dissected it becomes apparent that they are discussing the possibility of an abortion. Nothing in the short story is mentioned or said without signaling a greater or different meaning. Hemingway used the surroundings of the train station to impact the story and designed the characters to properly show two varying personalities. Even though thisRead MoreHills Like White Elephants1266 Words   |  6 Pagesanalysis, I shall attempt to examine some aspects of the core issue of abortion through a short story, and observe the climax, tension, and heart felt emotions people endure because of their differently held cultural views. The short story â€Å"Hills like White Elephants† was written by Ernest Hemingway in 1927. He brought the characters to life with his vivid imagery and strong dialogue. The short story is about a young couple in the country of Spain, awaiting the arrival of a commuter train outside a restaurantRead MoreHills Like White Elephants Lessons968 Words   |  4 Pagesâ€Å"Hills Like White Elephants† by Ernest Hemingway is a short story every student studying English Composition should read. The narrative explores the difficult topic of abortion which college students should read about. Not only did the story explore the couples dynamic it also d elved into the feelings each partner had about the pregnancy. In â€Å"On Reading Fiction†, the author explains that readers enjoy fiction for three reasons, because it is an escape from reality, a possible answer to problems

Benefits and Limitaion of Sole Proprietorship

Question: Describe about the Benefits and Limitaion of Sole Proprietorship? Answer: Introduction In the world of accounting there are various forms of business each having its own advantages and disadvantages that needs to be looked into before any particular business is being understood and started by the company. There is always a question that what would be the best form to control a particular business and how it would be well managed by the enterprise. There are various factors such as how to plan for the same and where to invest in the long run so that maximum benefits can be reaped out without any issue involved. Accounting refers to the systematic process of verifying, recording, classifying, measuring, interpreting, identifying and communicating the financial information of business entity. It is a body of knowledge and practice which are concerned with the following activity: Keeping the financial record of the financial entity. Undergoing Internal audit Providing advise on the matter related to tax Objectives of Accounting To ascertain the financial result in the form of profit/loss of an enterprise. To determine the liquidity proportion of an enterprise. To support the enterprise decision making process. To keep the track record of all the transaction. Types of Business units Sole proprietorship A sole proprietorship is a type of self owned business and controlled by one person. There does not exist a separate legal entity concept in this form of business Sole proprietorship is an easiest form of business to start with. The person who starts the business of sole proprietorship is known as sole proprietor. A sole proprietor can start his business by using any trade name other than his own name.(Badson, 2007) Benefits of Sole Proprietorship Concern; There is just not few but many reasons why a person can choose to start a business in the form of sole proprietorship, the reasons are as follows: Ease of formation: Starting a sole proprietorship form of business is the easiest one when compared with any other form of business unit. It can be started by just one single person whereas in any other form of company; minimum number of person required to start the business is two. Tax Benefit: Health insurance benefit for employees is not deductible in the case of sole proprietorship form of business. There is various other tax benefit given to sole proprietor. Capital required: A sole proprietorship form of business can be started up with a small amount of capital. There is no fixed minimum capital requirement mentioned in any act to start or begin the sole proprietorship. Decision Making: In a sole proprietorship sort of business concern, there exists a feature of quick decision making. Since there is just one person who manages and controls the entire business unit and takes all necessary decision, therefore the time taken by other business unit in consulting the other member of the company is reduced in case of sole proprietorship. Limitation of Sole Proprietorship Concern The major limitations which are associated with sole proprietorship are as follows: Unlimited liability: The main liability of the owner is unlimited. It may extend to its personal property. Limited Capital: The sole proprietor is the only person who brings in capital in such type of business unit, thus the total amount of capital available is very less in such type of business unit Limited Scope of growth: In sole proprietorship, the scope for the growth of business is less due to the availability of small amount of capital and limited managerial skill and expertise. Partneship Form Of Business Unit A partnership is an arrangement between two people who with their mutual consent agree to manage the affairs of the business, and share the loss or profit of the business as decided mutually. The persons who agree to form a partnership business are known as partners.(Li, 2012) Benefits of Partnership Concern Ease of formation: The start up cost of setting up such a business unit is not too high. Even the compliance of legal formalities to start the partnership form of business is also very simple. Large resources: The resource or funds bringing capacity of partners are more than a single person which helps in the smooth running and growth of the business unit. Diverse skill and knowledge: Partnership is an association of skilled and expertise people who on the basis of their knowledge can help in the growth of business unit. Flexibility: Partnership form of business is flexible i.e. its operation can be changed depending on the circumstances. Limitation of Partnership Concern Cautious approach: Due to the unlimited limited of the partners, the partners play or run the business cautiously. They hesitate in taking up any new step or investment strategy. Non- transferability of interest: The partners cannot transfer their own interest in the firm to any other party or the third party without consulting the other partners. Lack of public confidence: In a partnership form of business, there exist no legal binding on the partners to furnish the accounts to public, thus the partners fails to receive the confidence of the general public. Limited Company Form Of Business Unit There are two types of limited company:(Blankenburg, 2010) Private Limited Company Public Limited Company Private Limited Company: Private limited company is a association of at least two and maximum fifty members. The liability of members in a private limited company is limited to the extent of shares subscribed or the amount of guarantee given by them. Benefit of Private Limited Company Continuity of existence: Private limited company enjoys continuity of existence. Company enjoys perpetual existence i.e. it continues to exist even after the death of its member. Limited Liability: it refers to the liability of the members in a private limited company is just limited as the amount of shares held by them, or the amount of guarantee given by them. Limitation of Private Limited Company Non-transferability of share: The shares of private limited company are not freely transferable i.e. they are not issued to general public for subscription. Lack of secrecy: the financial information of the company can be viewed by any number of people once it is filed by the registrar of the company. Public Limited Company A public limited company is a company whose shares are freely transferable i.e. it can be traded in the market. Public limited company requires the minimum capital of rupees five lacs to start up the business. Benefits of Public Limited Company Limited Liability: it refers to the liability of the members in a public limited company is limited to the extent of shares subscribed or the amount of guarantee given by them. Transferability of shares: It means shares are freely transferable i.e. the shares of public limited company is free for subscription, the public on their call can subscribe the share of the company which are traded or available in the stock market. Limitation of Public Limited Company Lack of secrecy: the financial information of the company can be viewed by any number of people once it is filed by the registrar of the company. Delay in Decision: Public limited comp0any is backed by a large number of members, thus all of them need to be consulted while taking any major decision, therefore making the decision making process time consuming. Whatever may be the form of the company, each and every business unit is useful to the user on the basis of their need. Sole proprietorship is of benefit to those who want to take quick decision and want to have a complete control on the company. Partnership is beneficial for those users who are reluctant to take the entire risk associated with the business and thus by the mutual consent agree to manage the affairs of the business and share the profit jointly. Whereas limited company is beneficial to those users who want their share to be freely transferable, and who are not willing to accept the unlimited liability burden associated with the other form of business. 2 Financial accounting is that part of accounting which describes the company position as a whole. Financial accounting deals with ascertaining the companys financial result, companys financial position and changes in the structure of the company. Management Accounting is also known as book-keeping accounting. Management accounting is concerned with managing the activity of collecting transmitting and processing the financial information for the proper analysis of the companys budget and internal control procedure. The difference between the two accounting method is as follows:(Mitra, 2009) Basis Management Accounting Financial Accounting Objective Book keeping and recording the transaction To ascertain the financial result and financial position. Task To record the transaction To draft the financial statement Legal binding Management accounting report is optional to be prepared. Financial accounting report is compulsory to be prepared. Segment Reporting Pertains to individual department of the organization Pertains to entire organization. Information Company goal driven information Monetary and verifiable information Focus It focuses on present and forecast the future It focuses on the past recorded information. Audience It produces information and report for the use of organization, employees and managers It produces reports for the external parties. Both management accounting and financial accounting is useful for a business concern. Management accounting develops the base of accounting whereas the financial accounting carry out the other necessary task to complete the task associated with the term accounting. 3 The different sources of finance are as follows: Short term finance Medium term finance Long term finance Short Term Source Of Finance There are various types of sources of short term finance available in the markets; some of them are as follows: Trade Credit- Trade credit is the credit given by the suppliers of the raw material to the manufacturers and traders. Usually suppliers give 30-90 days credit to the manufacturer.(Fosberg, 2013) Bank Credit- Commercial bank gives advances in the form of short term finance which is known as bank credit. When bank credit is allowed the withdrawer can withdraw the amount either in installment or at one time. Discounting of Bill- Bank also advance fund through promissory notes, hundies and bills of exchange. When customer present this document to bank, bank credit the amount mentioned in the bill after deducting discount. Medium Term Source Of Finance The types of medium term source of finance are as follows:(AbdulsAleh, 2013) Loans: loan provided for a term of 3-7 years period is known as medium term finance. The interest on loan can be fixed or variable. Lease Financing: Bank also provide finance lease which are supported by some foreign investors when compared with traditional source of finance. When other source of finance is not available or does not satisfy the need, it can be used. Currency bond: through domestic and foreign entities such bonds are issued to investors. Maturity period for such bond range from 9 months to 30 years. Long Term Source Of Finance The types of long term source of finance are as follows: Shares: a share is a share in the share capital which includes stock. A share is a best way of raising fund from the general public. By subscribing the shares of the company one become the member of the company and the company is able to get fund in the form of share capital. Government grant: some firms may be eligible to get grants from the government may be national or international. Such grant is received on a long term basis by the government. Debentures: A debenture is a document under the common seal that acknowledges loan to the company. Interest payments on debentures are tax deductible. Factoring: factoring refers to the services provided by the financial institution. Factoring is highly convenient form of finance. Rate of interest charged on factor is same as the rate charged on bank overdraft.(Caprio, 2012) All the three types of finance i.e. short term finance (for a period of maximum 3 years), medium term finance (for a period of maximum 3-7 years) and long term finance (for a period of more than 7 years) can be taken up by the business concern depending on their need and want of fund or capital. Conclusion On going over all the sources of finance available and the business forms which can be taken from the money inherited from the will and thus keeping in mind the advantages as well as the cons the decisions of the business form should be taken. If the capital is good enough to expand the business in future it can choose to go for LLP or company as well which would provide it with a good stage to grow in the long run Recommendation. The major decision is that whether the amount of loon needed can be financed from the long term or short term funds to suit the business style taken by the brothers. If they think of a limited company then there will be a need for the long term funds and of high amount also and if not small amount would also suffice. Therefore the decagons to the choose the write source rests on the company and the manager itself. References AbdulsAleh, A. M. (2013). MEDIUM TERM FINANCING. International Journal of Business and management , 1-19. Badson, D. (2007). benefits and limitaion of sole proprietorship. The New York Times , 1-4. Blankenburg, S. (2010). Limited liability concept. Cambridge journal of Economics , 1-4. Caprio, G. (2012). Role of long term finance. Oxford Journal , 171-189. Fosberg, R. H. (2013). Short-Term Debt Financing . International Journal of Business and Social Science , 1-5. Li, L. (2012). Partnership. Journal of Business Strategy , 1-9. Mitra, J. K. (2009). Difference between mangemnet and financial accounting. New Age International , 1-14. AASB. (2014). AASB has approved four new Standards. Australia Government , 1-1. AASB. (2013). Amendments to the Australian Conceptual Framework. Australia: Australian government. Accountants, C. (2013). Conceptual framework. CA Australia new zealand , 1-1. Association, A. I. (n.d.). Fundamental Analysis Ratio. Retrieved from https://www.investors.asn.au/: https://www.investors.asn.au/~invest11/assets/resources/education/shares/FinanicalRatiosDefined.pdf Lawlor, E. (2008). chart of Accounts. International journal on accounting , 1-2. Nath, U. K. (2012). Current and non-current liability. Journal on Accounting and Finance , 1-2. Shih, F. (2012). Copy and paste method. Journal of Central South university , 1-2. Sons, W. A. (2003). Accounting equation and its issue. Financial accounting in an economic context , 1. Warlior, K. S. (2009). Acounting Equation. Journal of Finance and Accounting , 1. Crfonline. (2015, March 20). Ratios and Formulas in Customer Financial Analysis. Retrieved from www.crfonline.org: https://www.crfonline.org/orc/cro/cro-16.html CRH Plc. (2015, March 20). Welcome to CRH. Retrieved from https://www.crh.com/: https://www.crh.com