Gendered Relations And Masculinity Is Influenced By Football

Gendered institutions influence everyone in a different way, but for the most part football influenced me the most as an individual. After locker room talks and before and after practices and football games, made me realize how gendered relations and masculinity is influenced by football. Like Messner mentions, â€Å"gender identity not as a ‘thing’ that people ‘have’ but as a process of construction that develops, and changes as a person interacts with the social world.† Football has always been engraved in being a male dominant sport due to the aggressiveness and the physicality of the sport so the majority of those initially involved with football is constantly trying to prove one s dominance in an act of masculinity. Throughout high school and the majority of my life football was a big influence on my gender. The biggest impact on me was during my junior year of high school, the fall of 2012. I was seventeen years old. Football made me and fellow teammates as masculine as an individual may be due to the game and all the things that you become accustomed to through football throughout one season. Playing football and all the time spent with my fellow teammates influenced me with the basic things in becoming masculine: men get girls, men are big and strong, men never show emotions, and men are always the dominant one. While I was in high school this was the way in which I acted to be masculine. You learn to not show weakness in front of teammates, because one might think youShow MoreRelatedAnth1321 Words   |  6 Pagesones environment, and is heavily influenced by the binary categories of â€Å"male† and â€Å"female† and heteronormativity. Even within non-normative spheres, these binary divisions appear, which segregate groups of individuals depending on where they fall within the spectrum. Travestis do no identify as females, but they carry out their lives as women, and have a special attachment to femininity. This identity is very complicated because it disrupts the current gendered dimorphic structure, which is inRead MoreMasculinity in the Media3136 Words   |  13 PagesMasculinity in Media This research looks at the association of masculinity with violence, racism, power and the objectification of women, which has been around since early civilization. This study also shows how these concepts are still evident today in the media. Masculinity in the media is portrayed as muscular, violent, angry, aggressive, dominant, and warrior like. The rhetoric in media, as it relates to masculinity, has influenced the amount of violence in the world. The associationRead MoreSocial Construction Of Gender And Free Flow Play9588 Words   |  39 Pageswas then compared and contrasted to identify any differences the types of play. Data was analysed through thematic analysis for both the group interview and the drawings. The results of the interviews identified 5 key themes: 1) girl-gendered type play 2) boy gendered-type play 3) perceptions on children’s chosen play 4) gender differences in play 5) toys at home. The results from the drawings analysis gave no further result. Gender differences were found during free-flow play. The social constructionRead MoreMasculinity in the Philippines12625 Words   |  51 Pagesphilippine studies Ateneo de Manila University †¢ Loyola Heights, Quezon City †¢ 1108 Philippines Philippine Commonwealth and Cult of Masculinity Alfred W. Mccoy Philippine Studies vol. 48, no. 3 (2000): 315–346 Copyright  © Ateneo de Manila University Philippine Studies is published by the Ateneo de Manila University. Contents may not be copied or sent via email or other means to multiple sites and posted to a listserv without the copyright holder’s written permission. Users may download and printRead MoreOrganisational Theory230255 Words   |  922 PagesContents ix Level 3: ‘We are a people-centred organization’ Level 4: The world of the management guru The human relations school as an example of neo-modernist organization theory How ‘human relations’ begins What is the human relations school? The human relations school develops The Hawthorne Studies as a classic example of applied organizational research within the human relations tradition The Relay Assembly Test Room The Bank Wiring Observation Room Research and the development of neo-modernist

Privacy Is Utterly Dead By Peter Singer - 1257 Words

Privacy is Utterly Dead Peter Singer is the Ira W. DeCamp Professor at Princeton University and the University of Melbourne that studies Bioethics, Philosophy and Public Ethnics. This essay â€Å"Visible Man: Ethnics in a World without Secrets† focuses on transparency and personal privacy. One can see after reading this essay, Singer is in favor of openness, but he also notes that the government misuses these technologies. Privacy is defined â€Å"as the claim of individuals, groups to determine when, how and to what extent information about them is communicated to others†. Goldman explains surveillance as â€Å"a close observation of someone to catch them in wrongdoing† (326). Sousveillance is â€Å"recording of an activity from the perspective of everyday lifestyle† (â€Å"Sousveillance†). Before 9/11 the government respected individual privacy and acted accordingly by not spying on its citizens to the extent that it does so now. This makes one w onder; do American citizens really have a right to privacy? The answer to this is no. Because events like 9/11 have happened, the government now has the right to invade its citizen’s privacy by, preventing prejudices between authorities and citizens, installing security cameras and reading our social media accounts . Many believe the government has the right to invade our privacy, while others say we should have the right to our privacy. During the fourteenth century, people desired to be free from being observed or disturbed by other people. Someone

Economic Model of Japan in Post Second World War

Question: Write about theEconomic Model of Japan in Post Second World War. Answer: Japan was the most affected country in the Second World War. Hiroshima and Nagasaki was the most devastated but whole Japan was afflicted for this war. A considerable proportionate of industrial buildings and the machineries along them were destroyed. There were huge social consequences after this war such as starvation, chaos and unemployment. More than half of the housing accommodation of Japan was demolished. The allied powers tried to heal this devastating condition. Inspite of such devastation Japan was able to regain rand reconstruct its economic condition. This only happened due to the experiences obtained by the Japan during the war and also learning, and seeking about the economic model from rest of the world. The outline of this essay is about the characteristics and features of Japans post world war economic model. In this paragraph there is an in detail description about the sufferings of the people of Japan. The prime and foremost problem was unemployment. There were 7.6 million troops, which were demobilized. So, for this cause 4 million people became unemployed in military field. Moreover, 13.5 million people from outside of Japan were dismissed from the foreign countries and over all 13.1 million people lost their jobs. There was also curtailment in food and energy. The shortage of energy occurs due to the unavailability of coal because Koreans and Chinese people who worked in the coalmines did not want to continue further. The production of rice that was also limited and thus people have to starve for their staple food. The Japanese people became horrified, as there was no source of food and energy and panicked that they would die by the year 1946. Therefore, the people themselves started to work in the agriculture field and the coalmines (Capalbo Antle ed. , 2015). Another significant issue was inflation that is increase in expenses of important things. This has mainly happened because huge resources which were allocated for military purpose was circulated due to compensation purpose, advance payment, demobilized troops and others. Moreover, huge amount of money was spent on the war. This war was solved to an extent after the implementation of the Dodge Plan in 1948. After this, there started the process of Japans economic reconstruction. General Douglas Mac. Arthur who was the supreme commander of the Allied powers launched some reform policies, which disbanded the use of military troops. Thus, there was the establishment of the constitution in Japan in 1949 in which Japan surrendered his military rights and totally depended on U.S.A for its protection (Barnhart, 2013). After the post world war there started another war that is the Cold war between USA and USSR. The war was an ideological one. U.S.A supported the Capitalism ideology and USSR supported the Communist one. USA also feared that Chinas Communist would influence Japan and for this reason, USA supported Japan for solving their economic problems. The U.S. organized commercial treaties for Japan with countries like Philippines and others. In this paragraph, there are the three measures for which the Japans economy rose into prominence. The Dodge Plan in 1948, which was initiated by Joseph Dodge who was the president of the Detroit Bank, was mainly formulated to make Japan strong and self- dependent so that it did not have to take support from USA regarding military purpose. Dodge established three measures and policies to bring back the stability of Japan and to reduce inflation in Japan. These three measures were: a balanced and moderate budget, the adjournment of new loans from the Reconstruction Finance Bank and third measure was the curtailment and abolition of state subsidies. It was becoming impossible for Japan to regenerate its economy by following these principles but at that juncture, the beginning of the Korean War accelerated the economy of Japan. The Korean War totally changed the fate of Japan. The period of the Korean War was from 1950- 1951. Due to the onset of this war 34 % of world trade increased and many countries, including Japan was benefitted due to this. Japanese business a reached its boom due to 70 percent increases in production in different business firms. USAs military attainment deluged and it ordered Japan for production of military amenities that amounted to $2 billion in the years 1951-1953. Japans economy extraordinarily reached into the highest point (Welfield, 2013). Japans gross domestic product (GDP) in the late 1950s grew and developed at an average rate of 9.1% per year. Whereas in the 1960s the average rate of GDP was over 10 percent. On the other hand, the Korean War had accelerated the innovation in technology and in equipment industry. Japan was still lagging behind in implementing this type of technology, so they imported this knowledge of technology and increased the quantity of production and its scope. Hence, the overall growth in production stimulated the economic condition of Japan from a positive aspect. Finally Japan became independent from the interference of all the Allied Powers with the signing of the Japanese- American- Security Pact Act in 1958. There are certain factors for which Japan grew so fast in terms of economy. The first factor is the powerful Central Government Bureaucracy. The Civil servants who worked in the Ministry of International Trade and Industry ( MITI) worked collaboratively with business organizations and also motivated the people of this country to progress and advance financially. There was implementation of certain industrial policies to foster new industries like automobile industry and plotted out certain schemes for the declining industries like mining. The experts in Business also concentrated on the export economy. The third important factor was the availability of new technologies, which the Japanese people applied for productions and there was no restriction regarding the accessibility of this knowledge resource (Flath ,2014) . The fourth factor is the Japans trading policy, which safeguarded the interests of the domestic market, and there was encroaching export move which enhanced the growth o f the economy (Nakamura, 2015). The fifth most important factor is sustaining Japanese politics and policymaking. Democracy did not mould Japans politics; Liberal Democrats did not change the fate of economy of Japan ( DeGrasse, 2016 ). Rather this Liberal Democrat worked along with the eminent corporate leaders and bureaucrats. The sixth factor is the Iron- Triangle which enabled Japan to make exact decisions and measures for securing the unstable condition of Japan ( Francks Francks, 2015) . Another important feature was that the military security obtained by Japan from the USA. Japans Gross National Product was boosted 73 times from 1951 to 1980. The currency rate Yen of Japan was deliberately kept subsided but it was tripled in the 1980s. There were certain important strategies for which Japan was not only able to recover itself from such a worst condition rather the nation changed its destiny after the post world war. The Japanese government upgraded the business by facilitating loans of low rates to the financial sectors and firms for the improvement in the financial condition of the country (Sugimoto, 2014).The Japanese corporate organizations rented huge amount of money from the banks and the banks fetched this money from the domiciliary savings. MITI tried to bring together all the small companies so that it forms a huge company that can challenge Toyota and Nissan (Choucri, 2013). Japan also snatched credit of founding the Sony Corporation, which has now become a multinational corporation (Lockwood, 2015). The Americans consider Japan as free-rider. The main reason behind this was America spent 5 to 6 percent. of its Gross National Product for the military purpose whereas Japan promised that its military expense would be restricted to only 1 percent. The United States of America would safeguard Japan from military aggression of outside. It is true that after the horrible consequences of this post world war Japan was able to reclaim its economic circumstance due to the combative protection from the USA. However, it does not mean that this was the only cause for Japans prosperity because the people of Japan had enough potential to bounce back the situation (Tsurumi, 2015). Furthermore, USA extended its support for Japan so that the Japanese did not support the Communist ideology (Hook Spanier, 2015). In the end, it can conclude that Japan itself has become a role model for all the countries who have faced or facing social or economic instability. The interesting factor is that USA who had ravaged the whole nation later made an alliance with Japan. This was one of the strategies of the USA to secure its position in the world politics. Japanese people were very much aware of their crisis and they themselves took the responsibility to cure the condition. The Japanese government, the bureaucrats worked earnestly for financial regeneration of the country. The Banks of Japan played a huge role in improving the overall situation of Japan. The Cold War between USA and USSR, which led to the Korean War, also stimulated the monetary explosion of Japan. From the year 1950 to 1980 Japanese companies also manufactured big Corporations which have now become world famous. Inspite of all these achievements, Japan faced critical setback in the 1990s. The period of recession began in the year 1990 and the stock market totally declined. This also occurred due to the rising competitors of four Asian tigers namely Taiwan, South Korea, Hong Kong and Singapore. Reference Barnhart, M. A. (2013).Japan prepares for total war: The search for economic security, 19191941. Cornell University Press. Capalbo, S. M., Antle, J. M. (Eds.). (2015).Agricultural productivity: measurement and explanation. Routledge. Choucri, N. (2013).Challenge of Japan Before World War II(Vol. 6). Routledge. DeGrasse, R. W. (2016).Military Expansion, Economic Decline: Impact of Military Spending on United States Economic Performance. Routledge. Flath, D. (2014).The Japanese Economy. OUP Oxford. Francks, P., Francks, P. (2015).Japanese economic development: theory and practice. Routledge. Hook, S. W., Spanier, J. (2015).American foreign policy since World War II. Cq Press. Lockwood, W. W. (2015).State and Economic Enterprise in Japan. Princeton University Press. Nakamura, J. I. (2015).Agricultural production and the economic development of Japan, 1873-1922. Princeton University Press. Sugimoto, Y. (2014).An introduction to Japanese society. Cambridge University Press. Tsurumi, K. (2015).Social change and the individual: Japan before and after defeat in World War II. Princeton University Press. Welfield, J. (2013).An Empire in Eclipse: Japan in the Post-war American Alliance System: A Study in the Interraction of Domestic Politics and Foreign Policy. AC Black.

Statistics matter when it comes to interpreting and understanding medical issues

People visit doctors to obtain nutrition advice from them in order to gain tools that can be used to optimize health. However, it seems that certitude of health cannot be found in this manner. Apparently, all advice sought in this way is regarded as pure conjecture and educated guess work. It seems that numbers and statistics have all the answers to answers aimed towards optimizing health.Advertising We will write a custom essay sample on Statistics matter when it comes to interpreting and understanding medical issues specifically for you for only $16.05 $11/page Learn More The interpretation of health tests, treatments and staying well are all based on probability and statistics. An immense measure of statistical appeal in this sense comes from numerous real examples that aid in understanding the underpinnings of health. However, statistics has the likelihood of being misinterpreted which affects attitudes in regards to survival. In his essay, Stephen G ould affirms that statistics matter when it comes to interpreting and understanding medical issues. Through the real life examples he offers, even the most reluctant person is able to see that statistics does play an important part in every area of life. According to him, survival is simply a game of probability. A person can live based on a number of factors that play a part in his or her life. At the same time, he argues that correlation is not always a function of causation. By deftly whisking his audience through the median distributions, he plunges into a lot of regression analysis that separates cause and effect. He also utilizes regression analysis as an engine to explain these two aspects quite clearly. Through this, random statistics can be obtained, which can be used for either good or evil. This apt demonstration of the success or failure of numbers and statistics is useful for interpretation of various issues. Just like statistics, he also cautions that nothing is certai n in this world, but there is also a time for everything to happen. Dunn insists that those who consider statistics useless are rebellious, and they are missing the point in many aspects. It seems that statistics is of central importance in the interpretation of both present and past events. For instance, he says that past statistics can be used to infer a present situation (Dunn n.p.). This is probably why statistics should be given a lot of importance.Advertising Looking for essay on math statistics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition to this, statistics motivate and guide both researchers and scholars as they provide the most reliable options. However, Dunn argues that statistics should be handled with a lot of care. This is because some of the information unearthed by statistical evidence can be quite grim. Statistics should be interpreted and understood in the correct way before being dismissed. Dunn further agr ees with Gould that statistics is just like probability. It should not under any circumstance be used to interpret individual preferences or lives. Statistics is but just a range of possibilities or even a chance of certain events occurring. The two essays present a nuanced and sophisticated position that recognizes the necessity of statistics or the lack of it in all aspects of life. Not only do the essays unearth significant positions of critical thinking, but they also offer ethical problems to be corrected in the society. It is evident that most doctors are trained to make the worst interpretations from statistical evidence. They do this without the consideration of differences in individuals, and they can easily mislead patients. This practice of quote mining or quoting out of context is probably what changes attitudes in patients suffering from various chronic diseases. It seems that death is inevitable once this happens. The two authors (Gould and Dunn) advice against this pr actice. The problem is the way human beings interpret statistics and not statistics itself. References Dunn, Steve. â€Å"CancerGuide.† CancerGuide: Cancer Information Page. N.p., Web. Gould , Stephen Jay. â€Å"CancerGuide.† The Median Isn’t the Message. N.p., Web.Advertising We will write a custom essay sample on Statistics matter when it comes to interpreting and understanding medical issues specifically for you for only $16.05 $11/page Learn More This essay on Statistics matter when it comes to interpreting and understanding medical issues was written and submitted by user Zayden Tyson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

OCD displayed in the movie as good as it gets essays

OCD displayed in the movie as good as it gets essays This was a very interesting movie, which showed a man's struggle with the disorder of OCD. In the beginning of the movie Jack Nicholsons symptoms were shown in a manner that mirrored OCD symptoms exactly. There were many symptoms toward the disorder that were shown throughout the video such as his routines of washing his hands and the locking of his doors. Even the way he went about his daily routines, such as walking over sidewalk cracks and bringing his own eating utensils to the restaurant. He was a very unique character. If one did not know that he had OCD they would see him as a very strange type of person with very extraordinary habits. For example, the people in the restaurant never liked him because of his treatment of others, the way he mannered himself and his disregard for others. What they didnt see was his hidden character, which was a very caring person; he just didnt like sharing his inner beauty with others because of the disorder. When his daily routines were forced into change he started to become a different person. The changes in his life starting occurring when his neighbor Simon was mugged, and he was forced to accept the responsibility of taking care of his dog. He surprisingly became attached to the dog, and eventually overpasses his negative feelings toward Simon and became friends with him. His waitress at the restaurant, Carol, also played a very important role in his life. When she was forced to stay home and take care of her kid, it upset his daily routine. He even went to her house due to his OCD. With this though it brought about changes that would have a great impact on his life. At the expense of his publisher he hired a personal doctor to take care of her son so Carol could resume work. At first Carol did not understand this and become extremely frustrated. All of the main characters become intertwined when Melvin (Jack Nicholson) grudgingly a ...

A New Kind of Didactic Novel

A New Kind of Didactic Novel A New Kind of Didactic Novel A New Kind of Didactic Novel By Maeve Maddox Didactic fiction is nothing new. Aesops tales are didactic, as are Langlands The Vision of Piers Plowman, Bunyans The Pilgrims Progress, Hesses Siddhartha, and Orwells Animal Farm. The authors of all these works desired to teach readers a lesson about the moral significance of human behavior. The word didactic is from a Greek verb meaning both to teach and to learn. There was a time that authors could admit to wanting to create a didactic novel and critics were willing to praise such novels for their moral effectiveness. The success of Harriet Beecher Stowes didactic novel Uncle Toms Cabin (1852) illustrates the effectiveness of using fiction to promote an authors social ideals. Beginning in the 1700s, American abolitionists churned out thousands of tracts in their fight to abolish slavery in the United States. None of them produced the effect of the extended abolitionist tract that Mrs. Stowe framed as fiction. tract noun: a pamphlet, leaflet, or folder issued (as by a political or religious group) for propaganda. In the nineteenth century, Uncle Toms Cabin was the best-selling novel in the world. According to what may be an apocryphal anecdote, when Mrs. Stowe met Abraham Lincoln in 1862, he remarked, so you are the little woman who wrote the book that started this great war. Modern readers expect a textbook or how-to book to be didactic, but modern critics usually perceive didacticism in a work of creative fiction as a flaw: George Orwell was better at essays than at novels. His most famous novels,  1984  and  Animal Farm,  are clunkily didactic, especially  Animal Farm.   George refers to Dickens on the first page of her earnest but perhaps overly didactic novel, What Happened Before He Shot Her. OConnor has been criticized for being overly  didactic. Odetss inability to escape this 1930s pigeonhole is reflected in the intensely ideological, even didactic, nature of his plays.   Unlike many other Soviet filmmakers, whose works are boldly and aggressively didactic, Alexander Dovzhenkos cinematic output is personal and fervently private.   Now, however, a fictional genre called the startup novel has emerged, written by experienced and wanna-be entrepreneurs. These novels encapsulate blueprints for successful entrepreneurship in plots that employ action and intrigue. Apparently, entrepreneurs are reading them to learn the techniques of starting a business. Entrepreneur Orr Ben-Zvy says that after reading almost every [nonfiction] book on Amazons 50 best sellers for business and the next 50 for entrepreneurship, he discovered something counterintuitive: fiction [is] much more useful than nonfiction. His search for a fictionalized account of how to achieve financial success with a startup company led him to Eliot Pepers novel Uncommon Stock (2014), a book credited with being the first of its kind. According to a blurb on Amazon, the Uncommon trilogy has attracted a cult following in Silicon Valley and is the #1 top-rated financial thriller on Amazon. The genre that romanticizes and describes the process of starting a business has blossomed since 2014. An Amazon search for financial thrillers brings up pages and pages of titles. I havent read one yet, but I intend to. Im curious to see what kind of moral message this new didactic genre has for its readers. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Fiction Writing category, check our popular posts, or choose a related post below:45 Synonyms for â€Å"Food†Ten Yiddish Expressions You Should KnowCareful with Words Used as Noun and Verb

Structure matters Lab Report Example | Topics and Well Written Essays - 750 words

Structure matters - Lab Report Example It involved manual pulling of the paper strips to find out the amount of force needed to tear the paper. Some paper strips were soaked with water and the same tensile strength test conducted. It was noted that the dry paper strips require far much force to tear apart than those soaked in water. Among the dry paper strips, the strips with shorter width required much force unlike those with longer widths. The demand placed on pulp industry makes paper and paper board testing an important step in the in the production process of paper before release for use in the wide range of applications. The tensile strength and elongation of the produced paper must meet customer requirement especially those used in printing. The tensile breaking strength of board and paper is usually achieved by measuring the stretch and breaking load of paper strips. The provided sheet of paper was measured and five of 3/8† by 3† strips were made through the use of scissors both from the top left comer of the sheet and the bottom right corner. The strips made from the top corner were kept separate from those made from the bottom right corner. The amount of force required to pull the strips apart were rated form a scale of one to ten with one assigned to the strips that required the least amount of force while ten assigned to strips that required the maximum force. From the firs experiment it was evidenced that pulling the strips cut from the bottom left corner of the sheet required a lot of force to be exerted in order to tear the strip a part. The force needed to get the strips torn was rated 8 out of ten. On the other hand, the strips made from the top of the paper required much less force as compared to the other strips. The force required to get the strips torn was rated 5 out of ten. The strips made from the bottom right corner of the paper had a shorter width of 3/8† with a longer length of 3†.

Compensation and Benefit Systems n Dominos Pizza in the US Essay

Compensation and Benefit Systems n Dominos Pizza in the US - Essay Example The company chosen for this paper is Domino’s Pizza as this is one of the world biggest companies of pizza production and delivery. The company was founded in the USA in 1960 by Tom Monaghan. Since that time Domino’s Pizza Company became one of the leading fast food delivery companies in the world: â€Å"We have been delivering quality, affordable pizza to our customers since 1960 when brothers Thomas and James Monaghan borrowed $900 and purchased a small pizza store in Ypsilanti, Michigan. Since that time, our store count and geographic reach have grown substantially†. Domino’s Pizza combines some methods of international expansion and development, but there are some most effective ones which provide the best penetration to the international markets. Compensation and benefit systems of Domino’s Pizza in the United States are tightly connected with its methods of international expansion. The most important parts of the system are licensing and franc hising: â€Å"We have developed a large, global, diversified and committed franchise network that is a critical component of our system-wide success and our leading position in pizza delivery. As of March 21, 2004, our franchise store network consisted of 6,878 stores, 63% of which were located in the contiguous United States†. This system has doubtless advantages namely for such global international company as Domino’s Pizza. The franchise system allows minimizing such negative barriers of international expansion as a language barrier, local governmental measures and the registration of a trademark.trademark. The system also provides the adaptation of Domino’s Pizza rights and regulations to the cultural differentiations of various countries. Domino’s Pizza quick service restaurants in different countries are not a wholly subsidiary of Domino Pizza Company (like McDonald’s in the UK). They are based on Franchising Agreement with Domino’s Pi zza International, Inc. A franchisee must have appropriate local market, business strategies and experience knowledge. Through well developed franchising system Domino’s Pizza Company gains constant royalty payments which allow the company to develop and expand to international markets. The growth and benefit of Domino’s Pizza is mainly provided by its franchising system development and royalty payments from numerous stores throughout the world. This system provides competitive compensation and appropriate benefit for the company: â€Å"All the other HR processes and systems, like competitive compensation, appropriate benefits and providing a learning environment, add to that† (Whitney K., 2005). The company has chosen the most appropriate method of international expansion. Domino’s Pizza makes franchising agreements with appropriate firms working in relevant market segments and having local market features knowledge. This mode of international expansion protects Domino’s Pizza from superfluous financial costs connected with wholly owned subsidiaries. To increase franchisee compensation and benefit and support the brand image of Domino’s Pizza, the company provides different kinds of franchisee supporting programs. The training course gives appropriate knowledge of Domino’s Pizza functioning, its rules and policy, as well as other relevant elements of Domino’s Pizza business. One of the most important moments in Domino’s Pizza international expansion is franchisees attraction as franchising and licensing system is the key-point mode of Domino’s Pizza international market entry and development. For attracting new franchisees

Case Analysis on Satyam Essay Example for Free

Case Analysis on Satyam Essay This case illustrates the downfall of Satyam, one of the biggest IT giants in India, because of the fraudulent activities carried out by its founder Mr. Ramalinga Raju and his associates. Business world at that point had garnered immense respect for Satyam in terms of risk management and corporate governance practices and Satyam was ranked as the fourth largest IT Company in India. This was the case before December 16, 2008, when Satyam promoter Mr. Ramalinga Raju proposed his intent to acquire Matyas Infra and Matyas Properties. When this announcement of acquisition reached to the public, investors had a tremendously negative reaction towards Satyam’s decision. Satyam founder eventually admitted fraud in a financial statement revealing that he had been cooking the books of Satyam for quite some time. Raju and his team manipulated cash balance, bank balance, accrued interest figures, overstated debtors and understated liability in order to manipulate the share prices of the company in the market by misleading its investors and the public. After admission of fraud, share prices of Satyam sharply fell down and Satyam was eventually removed from the New York stock exchange and the Bombay stock exchange. The US investors initiated several class action suits against Satyam for its fraudulent activities and top executives of Satyam were charged with violation of federal securities laws by issuing false and misleading financial statements. The Satyam scandal has shaken the roots of the Indian financial market and has put a big question mark on corporate governance and how far corporations (people) can go to enhance their own personal benefits. Major Issues in the Case Corporate governance Satyam failed to follow the corporate governance practices that every firm was meant to follow, it looked for loop hopes that could be tweaked to enhance the company’s profit and hide liabilities from the investors as well as the general public. The Satyam Board was composed of ‘chairman-friendly’ directors who failed to question managements strategy. They were also extremely slow to act when it was known that the company was in financial distress. The Board ignored critical information related to financial wrongdoings before the company ultimately collapsed. Agency problems The Chairman (Ramalinga Raju) and the CFO (Srinivas Vadlamani) worked together to defraud the stakeholders for their personal gain, while the investors thought that the company was generating revenues, and investing in different areas. Clearly, the Chairman and CFO had personal gain in mind rather than company benefit. There also seems to be conflicting interest of the management and the shareholders i. e. the management wanted to take over two construction companies Maytas properties and Maytas Infra which was against the interest of the shareholders. Arguments It’s hard to imagine a leading company like Satyam manipulating its financial statements but in this highly competitive industry it is necessary to remain profitable in order to survive in the long-run. This is perhaps the reason why Satyam resorted to manipulating its financial statement. We can see that there were large amount of manipulation in the income statement as well as in the balance sheet of Satyam’s financial statements. Manipulation in the Income Statement The income statement consisted of some inconsistencies that were made intentionally to maintain the level of profitability of the company. The amount of sales revenue has been overstated by Rs. 588 crore i. e. was recorded as Rs. 2700 crore instead of Rs. 2112 crore. The operating profit margin was recorded as Rs. 649 crore (i. e. 24 % of the sale revenue) when the actual operating profit margin was Rs. 61 crore (i. e. 3 % of the sales revenue). The number of employee was also manipulated i. e. it was recorded as 52000 employees when the actual number of employees was only 43622 employees. Manipulation in the Balance Sheet  The balance sheet also seemed to have some level of inconsistencies from the actual value that were done intentionally to show a strong liquidity position of the company. The cash balance that was recorded as Rs. 5361 crore consisted of non-existence amount of Rs. 5040 crore i. e. the actual cash balance was Rs. 321 crore. The assets side also consisted of accrued interest of Rs. 376 crore which was non-existent and the debtors amount was overstated by Rs. 490 crore i. e. the actual value of debtor was Rs. 2161 crore whereas the recorded value was Rs. 2651 crore. The liability side of he balance sheet was understated by Rs. 1230 crore which was the amount borrowed from the known sources by Mr. Raju to ensure the operations are running. Even after such manipulations the regulatory authorities, the independent executive and the external auditors were not able to raise the red flag which shows that there is a huge hole in the corporate governance. The company also seems to be having conflicting interest between the management and the shareholders. The company was looking to diversify its business by taking over the construction companies Maytas Properties and Maytas Infra at a cost of 1. billion dollars. Satyam was looking to enter the real-estate business but this was a surprising strategic decision for the shareholders. The shareholders wanted Satyam to expand in related businesses. The negative reaction of the shareholders toward the decision caused the share prices to fall by 70% in a just a few days of the decision. Managerial Implication Agency problem The problem of motivating one party to act on behalf of another can be called the principal-agent problem or agency problem for short. (Wikipedia, 2013) Agency problems arise in a variety of different contexts. The agency problem usually refers to a conflict of interest between a companys management and the companys stockholders. The manager, acting as the agent for the shareholders, or principals, is supposed to make decisions that will maximize shareholder wealth. However, the decision must be in the favor of all parties but it was not the case with Satyam. Satyam decided to acquire Maytas Properties and Maytas Infra. The shareholders resisted the decision claiming it to be unrelated business and acquisition should not take place with Maytas which became a finishing blow to the company. Corporate governance and business ethics Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. (Wikipedia, 2013) Governance is a mechanism for monitoring the actions, policies and decisions of corporations. On a quarterly basis, Satyam’s earnings grew. Mr. Raju admitted that the fraud which he committed amounted to nearly $276 million. In the process, Satyam violated all the rules of corporate governance. The Satyam scam has been an example for following poor governance practices. The issue of governance rose at Satyam because of non fulfillment of the obligation of the company towards its stakeholders like separating roles of board and management, and also the role of CEO and chairman. Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. Business ethics are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses (Investopedia, 2013). The culture in Satyam, especially dominated by the board, symbolized such an unethical culture. Satyam as the smallest of the four players was under pressure to show good results in order to survive. Apart from this there was greed causing them to indulge in unethical behavior. On the one hand, Raju’s rise to stardom in the corporate world joined with immense pressure to impress investors made him a compelled leader to deliver outstanding results. On the contrary, Mr. Raju had to suppress his own morals and values in favor of the greater good of the company. The lure of big compensation to members further encouraged such behavior. In the end the fraud came to an end and the implications were great. Alternatives The failure of company like Satyam which had been awarded for its corporate governance and risk management creates a dilemma for the investors as to which company to believe and invest. Hence, investors, board, government intervention, accounting standards and ethics and Code of conduct must all work hand in hand to resolve the issue. Investors play an important role in detecting fraudulent activities of a company. They must ensure that information about the company is latest and from trustable source. Hence, they should take more care and compare the trend of the company with the industry before investing. Board must monitor the ethical policies and the way they are being maintained in the company. Transparency and effectiveness in auditing and regulatory checks through internal and external auditors and monitoring agencies should be maintained as it helps to build and maintain trust and loyalty from stakeholders, increase goodwill and investor’s confidence and establish long lasting credibility for the company. Government should play an active role in company’s affair, frequently checks of the company’s performance and take necessary steps to discourage malpractice and falsification. There is a need to create strong measures to prevent fraudulent activities from happening in future and the auditing firms also need to be brought under the regulatory umbrella. Moreover, all companies need to practice ethical behavior. Every company should also have its own fraud detection mechanism. It is also important for companies to establish an organizational culture, which supports ethical conduct through a code of conduct and properly laid out corporate governance policies and procedures.

Citizen Journalism Essay -- Analysis, Joan Cornell

Joan Cornell notes that the Internet democratizes the journalism which was in the hand of the few people (2003). The Internet makes the public access to information; at the same time, it creates the public to be journalists, opening blogs to put something new around on the Internet. Many news websites like The Guardian, the Washington Post, CNN and MSNBC allows some personification. The journalism nowadays is facing challenges not only from media and technology convergence, but also from audience they serve (Bowman and Willis 2003). For example, in MSNBC’s my MSN part, one can post news by yourself. While the audience are participating in the process of journalism with the aid of the Internet, it cannot be neglected by mainstream media. The personification does not just mean service customised, but also more perspectives are evolved in the news event, as noted by Watts Wacker (2002). Many media sites online have been founded with different aims mentioned, but their appearance demonstrates that the age of we media comes. OhmyNews International (OMNI), originating from Korea, defines itself as international journalists (OhmyNews online site). OMNI is a bit different from OhmyNews, because it concentrates more on reporting citizen journalism, which is more like guidance for people to get a better understanding about citizen journalism. They treat themselves as a bridge between media and Internet, where the ordinary can participate in conversations about news and trust the source of news. Even though creating a platform for the ordinary to be provide news, they need to obey the rule of journalism: that is to state clear the source of news and make sure the credibility. Besides the ordinary, curators are recruited to post news about ... ...ernative to mainstream journalism, but can never replace it. With the emergence of citizen journalism, traditional journalism can develop in the environment of more competitors and watchdogs. It is undeniable that citizen journalism is rising as another forceful power in the media industry. With democratization of traditional media, interactivity and watchdog as its characteristics, citizen journalism treats itself as new journalists. Citizen journalism makes news making process transparency, namely available to all. Right now, no one can predict the position citizen journalism in the media industry in the future, but in this changing environment as online journalism is becoming essential, citizen journalism can play an alternative role for the public to access news. What is more important is that it drives the public to actively select news and judge the news.

Marketing and Paul Logan Essay

ACA is a marketing consultant firm specializing in creating strategies to assist businesses. Our mission is to aid your company by planning suitable approaches to support brand transition for Manchester Products. Business Overview In the case of the Manchester Products: A Brand Transition Challenge (Quelch, 2009), Manchester Product was a manufacturer, which offers premium office furniture. Also, the company is one of the leading office furniture brands in the United States because of their skills in engineering and ergonomics that make the company’s products become popular in term of style and comfort. However, the research by the company shows that 5% of their consumers purposely bought office furniture products for home. Therefore, Manchester has decided to enter household furniture market with the acquisition of Paul Logan’s Furniture Davison (PLFD). Also, Paul Logan is a well-known brand for home furniture due to its fashionable and colorful style, which makes its products unique. In addition, the acquisition only included a furniture division; however, Paul Logan still runs the apparel, fashion accessories, and home dà ©cor divisions. Also, Paul Logan allows Manchester to use its brand nam e for only a three-year period. SWOT Analysis Strengths- Manchester has a strong reputation and brand image in the office furniture market, while PLFD is the leading brand for household furniture. Therefore, the coexistence of these two popular brands will allow the company easily promotes its products. Also, the acquisition of PLFD will allow the company to expand its product line as well as gain market share from household furniture market. In addition, the company financial was stabled and expected to grow by 30% in 2005. Weakness- the company is struggling with their distribution network because office furnisher distribution did not interact with home furnisher distribution network. Thus, the consumer might have difficulty to access home furnishes products line. Opportunities- the economy started to recover after the recession period, and it seems that the household furniture industry has been growing since 2002. Therefore, there is a potential for Manchester to enter the home furniture market during this period. Threats- the increasing number of imported furnishers from China and Mexico has threaten the United States furnisher industry because these regions have lower labor cost, which make product less expensive. For instance, over the past five years, the percentage of importing furnisher from China increases by 154%. If the low-cost imports trend from overseas still continues increasing, the United States furnisher industry might collapse in the future. Synopsis of the current situation The case, Manchester Products: A Brand Transition Challenge, Quelch (2009), reports that Manchester is facing the challenge of brand transition as well as determining the marketing expenditure to support the transition of the brand. Paul Logan has strong brand images, which allows Manchester to easily promote household products. However, Manchester can use the Paul Logan brand only for three year, so after three years, the company has to change the name and by that time its might struggle to rebrand itself. Therefore, the company must make sure at first place that the consumer will not confuse or mislead with these two brands. On the other hand, the company should take advantage of Paul Logan brand image because consumer have confident to buy Paul Logan product because in the sense that they will receive a high-style and quality finisher. Moreover, since the company will use Paul Logan brand only for three year, thus company have to determine the marketing expenditure for Paul Logan by finding the right advertising strategy and promotion programs. Currently, Paul Logan mainly spends its marketing budget on push programs such as volume rebates because the company believes that rebate program will lead to successful distribution network. Whereas, Manchester focus on pull program such as national adverting because advertisement will help company promote the brand as well as provoking of sales. Identify Key Marketing concepts Customer brand roles- brands will give the knowledge about the product to the consumer. Once consumers has experienced the product and its satisfied their need. Also, when consumer already have knowledge about the brand this will make they feel more comfortable for the next purchase. Purchase decision also became less. Paul Logan is already a well-known brand for household furnisher, and consumers have their product experience and knowledge about the brand. Thus, for the next purchase, the consumer will have confidence to buy the product because they has their experience in the brand and feeling they will receive quality piece. However, if Manchester considers rebrand itself, it might take time for consumer to learn about the brand also purchase decision is more longer than buying the branded ones. Company brand roles- to protect the brand, the company should be able to keep the feature of the product, such as design, also the brand will help company-categorizing product. For instance, Manchester is known as an office furnisher and consumer might be confused if Manchester used the same brand name for household furnisher product line. Thus, the Paul Logan brand has a stronger identification for household furnishers, and it will also help consumers not be confused about the brand. Competitor brand roles- the competitor of the market-leading brand is aiming to compete by building product to target at the market leader. For example, National Furniture Company, which is Paul Logan’s competitor in terms of price point, realize that Manchester and Paul Logan will merge that brand. National takes advantage of the uncertainly association by announcing price reduction.

Soldier’s Home

In Ernest Hemingway’s short story, â€Å"Soldier’s Home†, a young man named Krebs is unable to relate to his mother and home life after he returned from the First World War. After Krebs saw death and destruction in the wars most bloody battles, he returns home where his parents try to get him back to his normal routines. His view of the world has changed drastically since the war. He no longer feels love in his heart and cannot lie to his mother when she asks if he loves her. One of the famous lines Hemingway wrote, â€Å"Krebs looked at the bacon fat hardening on his plate.† Like bacon his heart has been hardened by what he had seen in World War I and he knew he must get far away from his parents to be able to get his life back in order. Harold Krebs after graduating from a Methodist college in Kansas enlisted in the Marines in 1917 and did not return to the United States until 1919. While at war he saw many tragedies that changed his life forever. When he returns home he does not get a heroes welcome because many had returned before him. At first Krebs did not want to talk about the war but later on when he felt the need no one would listen. He spent his days reading, walking and admiring the girls but a lot had changed since he had been gone. He thought about going out with some of the girls he used to know and remembers the girls he knew overseas but finds, â€Å"the young girls had grown up. But they lived in such a complicated world with already defined alliances and shifting feuds that Krebs did not feel the energy or courage to break in it.† Krebs has a hard time relating to his parents and he finds himself not wanting to go watch his sister play ball. The climax to the story is when Krebs's mother asks, â€Å"Don't you love your mother, dear boy?† and he answers, â€Å"No†. Even though he had been feeling unhappy, useless, and out of place since he had returned from the war, he had been drifting along, going through the motions. He had been stagnating, spending his time sitting on the front porch, reading, trying â€Å"to keep his life from being complicated†. The final conflict with his mother forces Krebs to face the fact that he cannot stay. He lies to his mother to make her feel better after he has hurt her with the truth, but is â€Å"sick and vaguely nauseated† by his duplicity. As his mother prays over him at the end of the story, Krebs resolves to go away to Kansas City and start his life again, away from the home and family to which he can no longer belong. In the story, â€Å"Soldier’s Home† it is told from the third person narrator point of view. Hemingway, having been a former journalist is able to show how distant Krebs is because of being the type of journalist who is detached just like Krebs was detached by his experience in World War I. As Hemingway writes he shows how Krebs holds his emotions in that he knows his mother will not understand. When Krebs calls his mom â€Å"Mummy† he is trying to comfort her by acting like a child. At the end Krebs makes a decision to leave and go to Kansas City because he feels he may not ever reconnect with his family. Harold Krebs is a man who has gone through a life-changing event and has experienced many consequences made by his own choices and decisions. He then has to come to the understanding that he has to try and rebuild his life as he knew it. Things weren’t working out at his family’s house so he decided to move to Kansas City where he would get a job. This war was a hundred years ago and Krebs came back and had no clue what to do with his life when he got back. The same thing goes for the soldiers of the war in Afghanistan they see so much that traumatizes them that they do not know how to act when they are around their families. Soldier’s Home In Ernest Hemingway’s short story, â€Å"Soldier’s Home†, a young man named Krebs is unable to relate to his mother and home life after he returned from the First World War. After Krebs saw death and destruction in the wars most bloody battles, he returns home where his parents try to get him back to his normal routines. His view of the world has changed drastically since the war. He no longer feels love in his heart and cannot lie to his mother when she asks if he loves her. One of the famous lines Hemingway wrote, â€Å"Krebs looked at the bacon fat hardening on his plate.† Like bacon his heart has been hardened by what he had seen in World War I and he knew he must get far away from his parents to be able to get his life back in order. Harold Krebs after graduating from a Methodist college in Kansas enlisted in the Marines in 1917 and did not return to the United States until 1919. While at war he saw many tragedies that changed his life forever. When he returns home he does not get a heroes welcome because many had returned before him. At first Krebs did not want to talk about the war but later on when he felt the need no one would listen. He spent his days reading, walking and admiring the girls but a lot had changed since he had been gone. He thought about going out with some of the girls he used to know and remembers the girls he knew overseas but finds, â€Å"the young girls had grown up. But they lived in such a complicated world with already defined alliances and shifting feuds that Krebs did not feel the energy or courage to break in it.† Krebs has a hard time relating to his parents and he finds himself not wanting to go watch his sister play ball. The climax to the story is when Krebs's mother asks, â€Å"Don't you love your mother, dear boy?† and he answers, â€Å"No†. Even though he had been feeling unhappy, useless, and out of place since he had returned from the war, he had been drifting along, going through the motions. He had been stagnating, spending his time sitting on the front porch, reading, trying â€Å"to keep his life from being complicated†. The final conflict with his mother forces Krebs to face the fact that he cannot stay. He lies to his mother to make her feel better after he has hurt her with the truth, but is â€Å"sick and vaguely nauseated† by his duplicity. As his mother prays over him at the end of the story, Krebs resolves to go away to Kansas City and start his life again, away from the home and family to which he can no longer belong. In the story, â€Å"Soldier’s Home† it is told from the third person narrator point of view. Hemingway, having been a former journalist is able to show how distant Krebs is because of being the type of journalist who is detached just like Krebs was detached by his experience in World War I. As Hemingway writes he shows how Krebs holds his emotions in that he knows his mother will not understand. When Krebs calls his mom â€Å"Mummy† he is trying to comfort her by acting like a child. At the end Krebs makes a decision to leave and go to Kansas City because he feels he may not ever reconnect with his family. Harold Krebs is a man who has gone through a life-changing event and has experienced many consequences made by his own choices and decisions. He then has to come to the understanding that he has to try and rebuild his life as he knew it. Things weren’t working out at his family’s house so he decided to move to Kansas City where he would get a job. This war was a hundred years ago and Krebs came back and had no clue what to do with his life when he got back. The same thing goes for the soldiers of the war in Afghanistan they see so much that traumatizes them that they do not know how to act when they are around their families.

40 Words Ending in -ade

40 Words Ending in -ade 40 Words Ending in -ade 40 Words Ending in -ade By Mark Nichol A number of words share the inflected ending -ade, which denotes an action or something that performs an action or function. The following comprehensive but not exhaustive list includes definitions of forty such words (and the meaning of each root word). 1. accolade (â€Å"embrace†): an award, praise, or ceremonial embrace or salute 2. ambuscade (â€Å"in forest†): an ambush 3. arcade (â€Å"arch†): an arched building, gallery, avenue, or passageway, or series of arches, or a business where coin-operated games are played 4. balustrade (â€Å"small pillar†): a row of vertical balusters, or railing supports, topped by a railing, or a low barrier 5. barricade (â€Å"barrel†): a barrier or obstacle, especially one built up to deter an enemy (also a verb meaning â€Å"block† or â€Å"prevent access†) 6. blockade (â€Å"block†): blocking of access or egress by military force (also a verb meaning â€Å"block to prevent access or egress by military force,† or simply â€Å"block† or â€Å"obstruct†) 7. brigade (â€Å"troop†): a large subdivision of an army 8. brocade (â€Å"little nail†): silk fabric with gold or silver weaved in (also a verb meaning â€Å"weave gold or silver with silk†) 9. cannonade (â€Å"tube†): a discharge of cannon 10. carronade (proper name Carron): a short cannon 11. cascade (â€Å"fall†): a waterfall, especially one in a series, or arrangement or occurrence of a succession of stages, or something falling or rushing (also a verb meaning â€Å"fall, pour, or rush in or as if in a cascade†) 12. cavalcade (â€Å"horse†): a parade of troops or other people mounted on horses, or simply a parade 13. charade (â€Å"chat†): a deceptive or empty act, or nonwritten clues about a word; charades is a game in which players try to guess a word or phrase represented by another player’s actions 14. chiffonade (â€Å"crumple†): finely cut or shredded herbs or vegetables 15. colonnade (â€Å"column†): a series of regularly spaced supporting columns 16. crusade (â€Å"cross†): a series of military expeditions to assert the influence of Christian nations in the Middle East (capitalized when referred to as â€Å"the Crusades†), or an enthusiastic effort to solve a problem (as a verb, meaning â€Å"engage in a crusade†) 17. decade (â€Å"ten†): a period of ten years, a group or set of ten, or a 10-to-1 order of magnitude 18. enfilade (â€Å"thread†): gunfire along the length of an enemy line of battle, or a series of rooms (as a verb, â€Å"fire along the length of a line of battle†) 19. escalade (â€Å"ladder†): an act of scaling fortification walls (also a verb meaning â€Å"scale fortification walls†) 20. escapade (â€Å"escape†): an unapproved or unconventional adventure 21. esplanade (â€Å"level†): an expanse of level ground, especially for walking or driving along a shore 22. facade (â€Å"face†): a front of a building, or any surface given special architectural treatment; also, an artificial or false appearance or effect 23. fanfaronade (â€Å"braggart†): bluster 24. fusillade (â€Å"steel for striking fire†): simultaneous or rapidly consecutive firing or throwing of projectiles, or a critical outburst 25. gasconade (â€Å"Gascon,† a person of Basque heritage): a boast or bluster 26. glissade (â€Å"slide†): a standing or squatting slide down a snowy slope, or a gliding ballet step (also a verb meaning, in either sense, â€Å"perform a glissade†) 27. harlequinade (â€Å"clown†): pantomime or play featuring the comic-relief stock commedia dell’arte character Harlequin 28. lemonade (â€Å"lemon†): a beverage made with lemonade, water, and a sweetener (also, limeade, orangeade, etc.) 29. marinade (â€Å"liquid†): a flavoring and/or tenderizing sauce (also a verb meaning â€Å"flavor and/or tenderize with sauce†) 30. marmalade (â€Å"quince†): jelly with pieces of fruit and fruit rind 31. masquerade (â€Å"mask†): a costume party or a costume for such a party, or an action or appearance designed to mislead (also a verb meaning â€Å"disguise† or â€Å"pretend†) 32. motorcade (â€Å"move†): a procession of vehicles 33. palisade (â€Å"stake†): a long, pointed stake, or a fence made of such stakes, or a line of cliffs resembling one 34. parade (â€Å"prepare†): a procession or ceremonial formation, a location for such a formation or for strolling, or a showy display (also a verb meaning â€Å"maneuver,† â€Å"march,† or â€Å"stroll† or â€Å"show off†) 35. pomade (â€Å"apple†): a perfumed hair treatment or other ointment 36. promenade (â€Å"stroll†): a stroll or a place for strolling, a ceremonial march at a formal dance, or a square dance figure (also a verb meaning â€Å"stroll†); the abbreviation prom refers to a dance event 37. renegade (â€Å"deny†): one who changes allegiance or who does not follow traditional behavior 38. serenade (â€Å"calm†): a courting song, or, in general, a free performance, or a song presented as such, or an instrumental composition in several movements 39. stockade (â€Å"stake†): a tall fence for defense or enclosure (also a verb meaning â€Å"fortify† or â€Å"surround†) 40. tirade (â€Å"shoot†): a long, angry speech Ballad (originally ballade, meaning â€Å"dance†), meaning â€Å"romantic or sentimental song,† or â€Å"narrative rhymed verse,† is in this category of terms. Also, words ending in -ado denote a person performing an action, as seen, for example, in commando and desperado, or an active phenomenon, such as in the case of tornado. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:25 Subordinating ConjunctionsLatin Plural EndingsWhat Is a Doctor?

Hook the Mouse to Catch Events Outside an Application

Hook the Mouse to Catch Events Outside an Application Learn how to track the mouse activity even when your Delphi application is not active, sits in the tray or does not have any UI at all. By installing a system-wide (or global) mouse hook you can monitor what the user is doing with the mouse and act accordingly. What Is a Hook and How Does It Work? In short, a hook is a (callback) function you can create as part of a DLL (dynamic link library) or your application to monitor the goings on inside the Windows operating system.There are 2 types of hooks - global and local. A local hook monitors things happening only for a specific program (or thread). A global hook monitors the entire system (all threads). To create a global hook you need 2 projects, 1 to make the executable file and 1 to make a DLL containing the hook procedure. Our article on working with keyboard hooks from Delphi explains how to intercept the keyboard input for controls that cannot receive the input focus (like TImage). Hooking the Mouse By design, the movement of the mouse is restricted by the size of your desktop screen (including the Windows Task Bar). When you move the mouse to the left/right/top/bottom edge, the mouse will stop - as expected (if you do not have more that one monitor). Heres an idea for the system-wide mouse hook: If for example, you want to move the mouse to the right side of the screen when it moves toward the left edge (and touches it), you might write a global mouse hook to reposition the mouse pointer. You start by creating a dynamic link library project. The DLL should export two methods: HookMouse and UnHookMouse. The HookMouse procedure calls the SetWindowsHookEx API passing the WH_MOUSE for the first parameter - thus installing a hook procedure that monitors mouse messages. One of the parameters to the SetWindowsHookEx is your callback function Windows will call when there is a mouse message to be processed: SetWindowsHookEx(WH_MOUSE, HookProc, HInstance,0) ; The last parameter (value 0) in the SetWindowsHookEx defines we are registering a global hook. The HookProc parses the mouse related messages and sends a custom message (MouseHookMessage) to our test project: function HookProc(nCode: Integer; MsgID: WParam; Data: LParam): LResult; stdcall;var   Ã‚   mousePoint: TPoint;   Ã‚   notifyTestForm : boolean;   Ã‚   MouseDirection : TMouseDirection; begin   Ã‚   mousePoint : PMouseHookStruct(Data)^.pt;   Ã‚   notifyTestForm : false;   Ã‚   if (mousePoint.X 0) then   Ã‚   begin   Ã‚  Ã‚  Ã‚   Windows.SetCursorPos(-2 Screen.Width, mousePoint.y) ;   Ã‚  Ã‚  Ã‚   notifyTestForm : true;   Ã‚  Ã‚  Ã‚   MouseDirection : mdRight;   Ã‚   end;....  Ã‚   if notifyTestForm then   Ã‚   begin   Ã‚  Ã‚  Ã‚   PostMessage(FindWindow(TMainHookTestForm, nil), MouseHookMessage, MsgID, Integer(MouseDirection)) ;   Ã‚   end;  Ã‚   Result : CallNextHookEx(Hook,nCode,MsgID,Data) ;end; Tip: Read the Win32 SDK Help files to find out about the PMouseHookStruct record and the signature of the HookProc function. Note: A hook function does not need to send anything anywhere - the PostMessage call is used only to indicate that the DLL can communicate with the outer world. Mouse Hook "Listener" The MouseHookMessage message is posted to your test project - a form named TMainHookTestForm. Youll override the WndProc method to get the message and act as needed: procedure TMainHookTestForm.WndProc(var Message: TMessage) ;begin   Ã‚   inherited WndProc(Message) ;  Ã‚   if Message.Msg HookCommon.MouseHookMessage then   Ã‚   begin   Ã‚  Ã‚  Ã‚   //implementation found in the accompanying code   Ã‚  Ã‚  Ã‚   Signal(TMouseDirection(Message.LParam)) ;   Ã‚   end;end; Of course, when the form is created (OnCreate) you call the HookMouse procedure from the DLL, when it gets closed (OnDestroy) you call the UnHookMouse procedure. Note: Hooks tend to slow down the system because they increase the amount of processing the system must perform for each message. You should install a hook only when necessary, and remove it as soon as possible.

Text Analysis of William Shakespeare's All the worlds a stage Essay

Text Analysis of William Shakespeare's All the worlds a stage - Essay Example The higher order in this case may be the playwright himself or God. Consequently, Jaques muses on the levels of human development from childhood to old age. There is a different interpretation of ‘stage’ that, however, is comparable to scenes in the play. The self-reflective speech reflects not only the scenes and scenery shifts in the play itself, but also the main protagonist’s concern with the implication of life. This concern gives a rationale behind Jaques decision at the end of the play to join Duke Frederick as he conducts his religious contemplation to explore the theme further. In addition, the poetic speech draws individual focus in the manner of action and present people differently when interacting with a wide range of groups that define the audience dynamics. The speech is reflected in Rosalind’s disguising herself to be Ganymede so that the forest community accepts her. A close analysis of the speech reveals the ability to change as a central theme. Evidently, the definition of man is in his capability to transform. Most of the characters in the entire play undergo physical, emotional, political, or spiritual transformation. These changes come out easily and as such, Shakespeare establishes that man’s ability to transform determines his strengths and decisions in life. Individual change also results to political change in the play since Duke Frederick’s transformation of the heart causes a renewal in leadership at the court. The reader can attribute some of the changes to the magical aspect of the forest but man’s capability to change himself is also under advocacy. The character in the poem undergoes seven stages of life that are in a sardonic expression as opposed to being a bitter tone. The first stage is the infancy stage. In this stage, Shakespeare depicts the man as a helpless baby and understands very little about life. The baby succeeds in getting attention

The Risks, Costs, and Benefits of Consumer Loan Options and Steps Research Paper

The Risks, Costs, and Benefits of Consumer Loan Options and Steps Needed To Control Costs - Research Paper Example 1.1.2 Cost of Consumer Loans There are a number of costs associated with consumer loans. These include interest, carrying charges and installment price. Before banks issues loan facility to customers, there should be a clear calculation on the amount of money to be recovered on installments basis, as well as, the amount of interest payable. All these are dependent on the amount of loan offered to the customer, the repayment period, income of the customer and interest rates as set by the financial institution. 1.1.3 Benefits of Consumer Loans One of the benefits of consumer loans is that it helps in servicing short term financial needs such as home improvements, vacations, emergency bills and wedding. It is also considered to offer security to customers. So long as an individual have acceptable credit history, the person becomes eligible for consumer loans. Similarly, a person can also use consumer loan facilities to clear previous debts thus helps in improving credit rating. Consumer loans can be used in asset acquisition. In addition, no security or collateral is required in this form of loan facility. Given that it does not require referees and other collaterals, consumer loan application takes shorter time. Finally, people poor credit history also offered the opportunity to access consumer loan facilities. 1.1.4 Steps Needed To Control Costs Consumer Loans. One of the initial steps in controlling cost of consumer loans is by adopting positive spending behavior and controlling both short term and long term personal expenditures.

U07d2 Laws Balancing Access and Protection Essay

U07d2 Laws Balancing Access and Protection - Essay Example The organizations now aim at having paper free offices and all the doctors now use the electronic medium to communicate rather than in paper. However, similar to the use of paper, this method of record keeping also has its own merits and demerits. In today’s world, everyone is very concerned not only about themselves but also about the environment around them, hence the paper less offices and reducing carbon footprints. However one important thing to note is that the use of computers for keeping records can be quite a threat to security for the personal information of millions and millions of people (Centers for Medicare and Medicaid Services, 2010). In order to ensure that the electronic data is in place and is standardized and hack free, there have been a number of changes including the shift from the traditional viewpoints to newer auditing methods. Similar to the many laws that have been developed over the years, the Privacy Rule also works on the need for independence and personal space in terms of the collection and distribution of healthcare information. Apart from the difficulty of the medical records, the health care organizations are also faced with an issue to upkeep the confidentiality of the communication both in terms of verbal as well as written (Adler, 2008). As the data protection act prohibits the leak of any personal information, similarly, all medical information should also be kept very confidential and should only be shared with consent of the patient. The chapter brings out the most important point of focus, i.e. that the medical records, irrespective of whether they have been tampered or not for any profits, any fabrication or falsifying of data can lead to both criminal as well as civil liability (Beaver & Herold, 2003). No information can be leaked out, modified, or destroyed as this can lead to a criminal charge against the healthcare personnel. The basic idea of the

Comparing Education Systems- Saudi Arabia and UK

Comparing Education Systems- Saudi Arabia and UK This essay will focus on the comparison between the education system in Saudi Arabia and England. When the Kingdom of Saudi Arabia was founded in 1932, education was not easy to get to everyone and limited to individual teaching at religious school in mosques or by private teacher at home. (Al-obaid,2006) These schools taught Islamic law and basic writing and reading skills. By the end of the century, Saudi Arabia had a national educational system given that, a free education to student from primary school to high school through university to all students. The objectives of the Saudi education policy are to make sure that education becomes well-organized, to meet the religious, economic and social needs of the country and reduce the number of uneducated in the community (Al-Obaid,2006). As a result of that, thousands of primary, intermediate and high schools have been started by the Ministry of Education and the General Presidency of Girls Education. General education system in the Kingdom of Saudi Arabia has three different levels, six years of primary school starting from age seven years old and three years each of intermediate and high school (Saudiembassy,2004). First the students have to start from primary school and the child starts in this level at the age of 6 to 12. In this first period they study for example, Arabic art education, mathematics, home economics (for girls) and Islamic studies. When the students pass this level they move directly to the next level. This is the intermediate school .In general, the student will be 12 years old when they enter this school and they stay until they are 15 years old, which is three years. The subjects they study will be the same however, they are higher level than primary school and they take new subjects such as, English, geography, history, physical education, religious studies and science. After the intermediate school the student starts their high school, which is usually between the ages of 15 to 18. The first year is a general year and students study of all subjects. Consequently, they will be able to choose what they will study in the next tow years. There are three different kinds of subjects in high school general, religion and technology high school. After the first year of high school student have the ability to choose between scientific studies or literary studies. There are also vocational schools that train in agriculture, technical and business studies take place at the universities. Every year student has exams if the pass they will move to the next level but if they do not, they have to retake the same level. The government of Saudi Arabia has always recognized the importance of providing educational opportunities to girls as well as boys, by the developing have been since the first government school has been built in 1964(Ministry of education,2006). By 1999, there were eight universities and a large number of other institutions of higher education, by 2003, there were also several private institutes of higher education with more planned. Another was to establish undergraduate and postgraduate in most disciplines at Saudi universities and colleges (Ministry of education ,2006). As a result, Saudi student can now obtain degrees in almost any field within the country and only if necessary pursue specializations aboard. For example King Abdullah University of science and technology (KAUST), which is the newest university in the country, and focus on areas of science and technology that are important to Saudi Arabia the region and the world. Therefore, the Saudi government provides support to student every year by spending billion of billion dollars on education development. This huge number includes a monthly allowance of about 145 pound given to the student study literature and about 200 pound to student study science to pay for books, transport and accommodation also for life expense. On the other hand, cause of given allowance for the student that to help them to travel from their village or town to the nearest big city because the country has University only in big city (Ministry of higher education,2000). The students do not have to repay the money been spent on them back to the government when the finish their study in the university. However, there are some strict rules regarding this monthly allowance, the student have to be attending most of the classes, except the ones with an excuse, also the student have to maintain at least a 2.0 grade to be able to get the allowance from the government. In case of retaking a module the student should get a warning letter and if they didnà ¢Ã¢â€š ¬Ã¢â€ž ¢t improve their performance the student would be held until the grade mark at least 2.0( Middle East Finance and Economy.1996 ). The education system in the UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s run by the government as well and is free for all children from 5 to 16 furthermore, the education in England is compulsory for all children in that aged. The UK has worked hard to improve the education (BBC,2000) . As a result, the education system in the UK is one of the strongest in the world, it is divided into four main parts or four key stages, for each subject and for each key stage, programmes of study set up what pupils should be taught. At primary education which generally included key stage one and tow begins at age 5 year old continues until age 11 year old, studying during this period subjects such as English, mathematics and science, in English for example they learn speaking by telling stories, both real and imagined also they learn to listen carefully and to show their understanding of what can they see and what can they hear by making relevant comments with growing attention to what they listen to. In addition, student learn reading by reading stories, poetry and picture books (British council,2008). After six years student will go to secondary school automatically for key stages three and four they spend five years in this level from age of eleven to age of sixteen. Student study as at key stage one and tow, plus a modern foreign language, in this subject, a programme has been set up for key stage three and key stage four in to different parts learning and using the target language, that covers the skills and understanding that should be developed through the target language at both stages and areas of experience, this sets out the broad topic areas that provide contexts for learning and using the target language at each key stage. (Department for education,1995).

Rake’s Progress: Bedlam in Bethlam Essay -- British History, Mental He

Rake’s Progress: Bedlam in Bethlam The human brain is a vast, unexplainable, and unpredictable organ. This is the way that many modern physicians view the mind. Imagine what physicians three hundred years ago understood about the way their patients thought. The treatment of the mentally ill in the eighteenth century was appalling. The understanding of mental illness was very small, but the animalistic treatment of patients was disgusting. William Hogarth depicts Bethlam, the largest mental illness hospital in Britain, in his 1733 painting The Madhouse1. The public’s view of mental illness was very poor and many people underestimated how mentally ill some patients were. The public and the doctors’ view on insanity was changing constantly, making it difficult to treat those who were hospitalized2. â€Å"Madhouses† became a dumping ground for people in society that could not be handled by the criminal justice system. People who refused to work, single mothers, and children who refused to follow orde rs were being sent to mental illness hospitals3. A lack of understanding was the main reason for the ineptness of the health system to deal with the mentally ill, but the treatment of the patients was cruel and inhumane. The British’s handling of mentally ill patients was in disarray. The knowledge of mental illness was very small. Doctors did not understand how to diagnosis or treat mental disorders. They did not understand how the brain functioned and what to expect from people in certain situations. Many symptoms of physical illness today were considered mental illness in the eighteenth century. The constant shaking due to Parkinson’s disease was misinterpreted as a mental condition and treated as such4. These patients were placed into... ...glish Madness. 55. 18. Scull, â€Å"Moral Treatment Reconsidered.† 107. 19. Scull, â€Å"Psychiatry in the Victorian Era.† 11. 20. Scull, â€Å"Psychiatry in the Victorian Era.† 11. 21. Scull, â€Å"Psychiatry in the Victorian Era.† 14. Bibliography Hogarth, William. The Madhouse. 1733. Scull, Andrew. â€Å"Moral Treatment Reconsidered: Some Sociological Comments on an Episode in the History of British Psychiatry.† In Madhouses, Mad-doctors and Madmen, edited by Andrew Scull. 105-121. Philadelphia: University of Pennsylvania Press, 1981). Scull, Andrew. â€Å"The Social History of Psychiatry in the Victorian Era.† In Madhouses, Mad-doctors and Madmen, edited by Andrew Scull, 5-35. Philadelphia: University of Pennsylvania Press, 1981. Skultans, Vieda. English Madness: Ideas on Insanity 1580-1890. London: Routledge & Kegan Paul Ltd. 1979. Rake’s Progress: Bedlam in Bethlam Essay -- British History, Mental He Rake’s Progress: Bedlam in Bethlam The human brain is a vast, unexplainable, and unpredictable organ. This is the way that many modern physicians view the mind. Imagine what physicians three hundred years ago understood about the way their patients thought. The treatment of the mentally ill in the eighteenth century was appalling. The understanding of mental illness was very small, but the animalistic treatment of patients was disgusting. William Hogarth depicts Bethlam, the largest mental illness hospital in Britain, in his 1733 painting The Madhouse1. The public’s view of mental illness was very poor and many people underestimated how mentally ill some patients were. The public and the doctors’ view on insanity was changing constantly, making it difficult to treat those who were hospitalized2. â€Å"Madhouses† became a dumping ground for people in society that could not be handled by the criminal justice system. People who refused to work, single mothers, and children who refused to follow orde rs were being sent to mental illness hospitals3. A lack of understanding was the main reason for the ineptness of the health system to deal with the mentally ill, but the treatment of the patients was cruel and inhumane. The British’s handling of mentally ill patients was in disarray. The knowledge of mental illness was very small. Doctors did not understand how to diagnosis or treat mental disorders. They did not understand how the brain functioned and what to expect from people in certain situations. Many symptoms of physical illness today were considered mental illness in the eighteenth century. The constant shaking due to Parkinson’s disease was misinterpreted as a mental condition and treated as such4. These patients were placed into... ...glish Madness. 55. 18. Scull, â€Å"Moral Treatment Reconsidered.† 107. 19. Scull, â€Å"Psychiatry in the Victorian Era.† 11. 20. Scull, â€Å"Psychiatry in the Victorian Era.† 11. 21. Scull, â€Å"Psychiatry in the Victorian Era.† 14. Bibliography Hogarth, William. The Madhouse. 1733. Scull, Andrew. â€Å"Moral Treatment Reconsidered: Some Sociological Comments on an Episode in the History of British Psychiatry.† In Madhouses, Mad-doctors and Madmen, edited by Andrew Scull. 105-121. Philadelphia: University of Pennsylvania Press, 1981). Scull, Andrew. â€Å"The Social History of Psychiatry in the Victorian Era.† In Madhouses, Mad-doctors and Madmen, edited by Andrew Scull, 5-35. Philadelphia: University of Pennsylvania Press, 1981. Skultans, Vieda. English Madness: Ideas on Insanity 1580-1890. London: Routledge & Kegan Paul Ltd. 1979.

Analysis Of Sonnets 64 And 73 Essay

William Shakespeare is one of the greatest playwrights of all time. It is also important, however, to remember and to study his sonnets. The sonnets are separated into two groups, 1-126 and 127-54. All of them are love poems of some sort, whether addressed to a young man or the infamous â€Å"Dark Lady.† It is important to compare and analyze the sonnets, and to see the similarities between them. The purpose of this essay is to compare sonnets 64 and 73, and show that although it is easy to come to the conclusion that they are sorrowful in tone and negative in orientation, they are truly positive and life affirming. These two have been chosen because they are similar in this and other respects. Before discussing the similarities, however, it is necessary to briefly describe what each sonnet is about. Sonnet 64 is a cry against the inevitable arrival of all that wears down even the most firm powers that exist in the world. The speaker stresses that even the most sturdy monuments are bound to the ravages of time: â€Å"When I have seen by Time’s fell hand defaced/ The rich, proud cost of outworn buried age,/ When sometime lofty towers I see down-raz’d/ and brass eternal slave to mortal rage;† and so on. It is clear that the speaker finds time an enemy, capable of eroding any efforts to persevere. Time is also the enemy to the desire to be with a loved one forever. In this sonnet, the speaker finds himself at the mercy of his opponent, without any means of facing Time with any success. He almost abandons the love that he feels because he knows that it will eventually fall victim to time. There is no difference between the love that is felt by the speaker and the other durable things in the world, such as the â€Å"kingdom of the shore†, and the â€Å"firm soil.† But even these things will erode over time. The only option the speaker has is to mourn what he will one day lose. The seventy-third sonnet is also about the response of the speaker to the fact that Time detracts from the endurance of man and his response to the things that make him feel loved. Shakespeare starts with a discussion of the process by which the things that surround man first start to erode and fall as a result of the passing of time. The speaker is equating himself to  autumn and the twilight of day. He finds himself lying on the ashes of his youth, and a victim to the passage of time. He cannot sustain the love that he feels, and is consumed by both time and love, as they once sustained him. The speaker is arguing that the fate of man is to be consumed by the very things that are his life-blood: love and time. â€Å"In me thou seest the glowing of such fire/ That on the ashes of his youth doth lie,/ As the deathbed whereupon it must expire/ Consumed with that which it was nourished by. The similarities between these two poems are evident. Basically, they are both about the speaker’s sense of helplessness and loss in the face of the passage of time. The theme of loss, and the recurrent theme of impotence when faced with passing time and its effects, is evident in both poems. However, these are not necessarily sad or defeatist poems. The speaker does not submit to the passage of time by saying that he will not be able to feel or love or even live anymore. He is not depressed to the point of being unable to do anything. Rather, the speaker feels that man must continue to love, and to live, despite the fact that life will end, and love will eventually subside as time takes over the human spirit. Although â€Å"Time will come and take my love away,† the speaker is not saying that man must simply not love at all. He is saying that man must eventually give in to the effects of time, but that in the time that does exist for man, it is possible to love, and to sustain oneself with that love. These poems, which sound sad or even lacking in spirit, are actually affirmative of the desire toward love and life: â€Å"This thou perceivest, which makes my love more strong,/ to love that well, which thou must leave ere long.† Both of these sonnets can be interpreted as encouraging the reader to grasp the fact that love can be sweeter and more enduring if the individual realizes that time will eventually take that love away. It is even possible to claim that, because all love will end, man should state his love early, and live that love to the fullest extent possible. In this sense, each of these poems can be understood to be positive, and life affirming. At first reading, it is easy to come to the conclusion that the poems are  sorrowful in tone and negative. However, after closer analysis, it is obvious that the speaker is ultimately celebrating life, and urging the embrace of all aspects of it, whether they result in suffering or pleasure. The tone is sorrowful when the speaker comes face to face with the inevitable, but the fact remains that the inevitable outcome, which is loss, and the passage of time, is part of what makes the intensity of love, and the quality of life, so memorable and so pleasurable.

Negotiable Instruments in Banking

0 Assignment On Negotiable Instruments in Banking Course Title: Introduction to Banking Course Code: FIN-305 Assigned To: Mr. S. M. Athiqur Rahman Lecturer Dept. of Business Administration Leading University, Sylhet, Bangladesh. Prepared By: Md. Inzamam-Ul Haq Talukder ID. # 1101010342 Section: E 7th Semester (27th Batch) Leading University, Sylhet, Bangladesh D ATE OF SUBMISSION: APRIL 21, 2013 i Declaration This assignment paper has been prepared by myself which is the title â€Å"Negotiable Instruments in Banking† under the supervision of Mr. S. M. Athiqur Rahman, Lecturer in Dept. f Business Administration, Leading University, Sylhet, Bangladesh. The duplication of this paper is prohibited without the permission of Author. Author Md. Inzamam-Ul Haq Talukder ID. # 1101010342 7th Semester (27th Batch) Leading University, Sylhet, Bangladesh ii Acknowledgement I would like to acknowledge the contributions of the individuals to the development of this assignment paper: Our clas s peer research group for the cooperation and camaraderie. I am also heartily thankful to my course teacher, Mr. S. M. Athiqur Rahman, Lecturer in Dept. f Business Administration, whose encouragement, guidance and support from the initial to the final level enabled me to develop an understanding of the subject. To my truly great friend Tanvir who has made available his support in a number of ways. Lastly, I offer my regards and blessings to all of those who supported us in any respect during the completion of the project. Md. Inzamam-Ul Haq Talukder Dept. of Business Administration ID. # 1101010342 iii Contents Sl. i. ii. iii. iv. v. vi. vii. Chapters Contents Name Abstract Page Number 1 2-4 5 – 16 17 – 18 19 – 20 21 – 22 23First Chapter Second Chapter Third Chapter Fourth Chapter Fifth Chapter Introduction General Context of the Study Data Collection and Limitation Result and Discussion Conclusion References iv Abstract Negotiable instruments are mainly governed by state statutory law. Every state has adopted Article 3 of the Uniform Commercial Code (UCC), with some modifications, as the law governing negotiable instruments. The UCC defines a negotiable instrument as an unconditioned writing that promises or orders the payment of a fixed amount of money. Drafts and notes are the two categories of instruments.A draft is an instrument that orders a payment to be made. An example is a check. A note is an instrument that promises that a payment will be made. Certificates of deposit (CD's) are notes. Drafts and notes are commonly used in business transactions to finance the movement of goods and to secure and distribute loans. To be considered negotiable an instrument must meet the requirements stated in Article 3. Negotiable instruments do not include money, payment orders governed by article 4A (fund transfers) or to securities governed by Article 8 (investment securities).The rule of derivative title, which is applicable in most area s of the law, does not allow a property owner to transfer rights in a piece of property greater than his own. If an instrument is negotiable this rule is suspended. A good faith purchaser, who does not have any knowledge of a defect in the title or claims against it, takes title to the instrument free of any defects or claims. In relation to the suspension of the rule of derivative title, Article 3 provides for warranties to protect the parties in transactions involving negotiable instruments.Checks are negotiable instruments but are mainly covered by Article 4 of the UCC. Secured transactions may contain negotiable instruments but are predominantly covered by Article 9 of the UCC. If there is a conflict between the Articles of the UCC both Article 4 and 9 govern over Article 3. 1 First chapter: Introduction 2 1. 1. Statement of The Study The word negotiable means ‘transferable by delivery’ and the word ‘instruments’ means a written document by which a righ t is created in favor of a person. Thus, the term negotiable instruments literally refer to a document containing rights that can be transferred by elivery. According to Section 13 (a) of the Act, â€Å"Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer, whether the word ‘order’ or ‘bearer’ appear on the instrument or not. † The rights that could be incorporated in negotiable instruments may be rights for payment of money arising out of various contracts such as the contract of loan, sale, lease, or any other contract performed by payment of a certain amount of money. Such rights may also arise from ownership in companies or loan made to the government or to a share company.The rights that are incorporated in negotiable instruments may be rights to receive goods under voyage or deposited in a warehouse. According to this provision, the holder of negotiable instruments can transfer the rights incorporated in the instrument by transferring the instrument. Similarly, a person who claims the rights incorporated in negotiable instruments may enforce or exercise them only if he has possession of the instrument, i. e. , he should be a holder to whom the instrument is issued or transferred following the rules governing its transfer.He must also present the instrument to the person who is supposed to perform the obligations arising out of the instrument. The fact that the rights incorporated in negotiable instruments may be transferred by the transfer of the instrument and the fact that a person may not exercise or enforce them unless he is in possession of the instrument are the two main features which distinguish negotiable instruments from other documents evidencing rights such as a title deeds whose transfer does not transfer the rights they establish.Another point that has to be noted here is that negotiable instruments are issued or negotiated based on other contracts. Fo r instance, a person may issue a bill of exchange to repay the money he has borrowed from the payee, the company issues a share certificate or debenture certificate as evidence of the person‘s right arising out of contract of partnership creating the company or a contract of loan respectively. The warehouse person or the carrier issues the warehouse goods deposit certificate or the bill of lading / consignment note based on contracts of warehousing or carriage respectively.Finally, the definition of negotiable instruments under the Ethiopian law is much wider than the one adopted by most legal systems, particularly those following the Common Law tradition. This is evident from the Uniform Commercial Code of the United States and the Bill of Exchanges Act of 1882, which restricts the concept to bills of exchange, cheques and promissory notes. 3 1. 2. Objectives of the Study Objective means the main reason or the main goals of the study. Here after this study we should be able t o- ? Understand meaning, essential characteristics and types of negotiable instruments; ?Describe the meaning and marketing of cheques, crossing of cheques and cancellation of crossing of a cheque; ? Explain capacity and liability parties to a negotiable instruments; and ? Understand various provisions of negotiable instrument Act, 1881 regarding negotiation, assignment, endorsement, acceptance, etc. of negotiable instruments. 4 Second chapter: General Context of the Study 5 2. 1. Literature Review The term, negotiable instrument means a written document which creates a right in favor of some person and which is freely transferable.Although the Act mentions only these three instruments (such as a promissory note, a bill of exchange and cheque), it does not exclude the possibility of adding any other instrument which satisfies the following two conditions of negotiability: a) the instrument should be freely transferable (by delivery or by endorsement. and delivery) by the custom of t he trade; and b) the person who obtains it in good faith and for value should get it free from all defects, and be entitled to recover the money of the instrument in his own name.A negotiable instrument is a document which includes a promise to pay a set sum of money to the bearer of the document either on demand or on a given date. The instrument can be freely transferred without the need to notify the person from whom it originated. Negotiable instruments are used to enable trade, because without them, people would be obliged to exchange money in person for all sorts of transactions, and this would quickly become unsafe in addition to unwieldy.One simple example of a negotiable instrument is a check. A check is written out to the bearer for a specific amount. The bearer can take the check to a bank and deposit it, thereby transferring the obligation to the bank. The bearer can also sign the check over to someone else, another example of a transfer. Checks also demonstrate another important property of negotiable instruments, which is that people need to have them in hand to redeem or negotiate them. If the document is lost, it cannot be called upon.As such, documents like share warrants payable to bearer, debentures payable to bearer and dividend warrants are negotiable instruments. But the money orders and postal orders, deposit receipts, share certificates, bill of lading, dock warrant, etc. are not negotiable instruments. Although they are transferable by delivery and endorsements, yet they are not able to give better title to the bona fide transferee for value than what the transferor has. 6 2. 2. Characteristics of a Negotiable Instrument A negotiable instrument has the following characteristics: ? Property:The possessor of the negotiable instrument is presumed to be the owner of the property contained therein. A negotiable instrument does not merely give possession of the instrument but right to property also. The property in a negotiable instrument ca n be transferred without any formality. In the case of bearer instrument, the property passes by mere delivery to the transferee. In the case of an order instrument, endorsement and delivery are required for the transfer of property. ? Title: The transferee of a negotiable instrument is known as ‘holder in due course. A bona fide transferee for value is not affected by any defect of title on the part of the transferor or of any of the previous holders of the instrument. ? Rights: The transferee of the negotiable instrument can sue in his own name, in case of dishonor. A negotiable instrument can be transferred any number of times till it is at maturity. The holder of the instrument need not give notice of transfer to the party liable on the instrument to pay. ? Presumptions: Certain presumptions apply to all negotiable instruments e. g. , a presumption that consideration has been paid under it.It is not necessary to write in a promissory note the words ‘for value receive d’ or similar expressions because the payment of consideration is presumed. The words are usually included to create additional evidence of consideration. ? Prompt Payment: A negotiable instrument enables the holder to expect prompt payment because a dishonor means the ruin of the credit of all persons who are parties to the instrument. 7 2. 3. The Nature and Purpose of Negotiable Instruments Negotiable instruments represent one form of property rights, i. e. exercised over incorporeal things â€Å"chose in action. † In other words, they are property rights in relation to objects of property which do not have physical or material existence and hence which cannot be perceived by the senses. A right of action under contract is a class of property known as ‘chose in action’ and can be distinguished from a corporeal movable property/ a ‘chose in possession’ which represent property rights exercised in relation to objects which have material or phy sical existence and hence can be perceived by the senses such as a book, a table or a watch.A holder of this type of property right must have actual possession of the object to exercise rights arising there from. Rights incorporated in negotiable instruments, rights of an inventor arising out of a grant of a patent in respect of his invention, rights of a copyrights holder, and rights of a trader in respect of his trademark, trade name and goodwill are instances of chose in action. Negotiable instruments also represent one kind of contract as every instrument embodies a contract or promise to pay a certain amount of money or to deliver goods according to terms agreed up on.As contracts, the general rules of contract shall apply unless they are specifically excluded from application by the special law applicable to negotiable instruments. As a result, the requirements necessary for the formation of a valid contract must be fulfilled for issuance of a valid and enforceable negotiable instrument. Hence, the parties who sign a negotiable instrument must have capacity under the law to enter into juridical acts, i. e. , minors and judicially interdicted persons may not create a valid contract through negotiable instruments.Furthermore, as a contract, any declaration or promise made on negotiable instruments must be accompanied by the signature of the person bound by such declaration or promise. Failure to comply with the requirements as to capacity and signature may be raised as a defense against any person who claims based on the instrument even against the holder in due course who, under other cases, is considered to be free from defenses available against the person who transferred the instrument to him. The parties must give their consent, which must be free from defects such as mistake, fraud, duress.The object of the contract must also be legal and possible. Where the contract does not fulfill requirements as to consent and object, a party affected may raise i t as a defense to avoid the contract and liability under the instrument. However, because of the special nature of these instruments, such defenses cannot be raised against a person, who acquires the instrument following the rules of transfer applicable to the instrument, and in good faith. 8 The main purpose of negotiable instruments is facilitation of commercial transactions.Commercial instruments are substitutes for money and are used as means of performance of money obligations. Dealing with them reduces the risk of loss or theft and the ease with which they can be transferred creates convenience which will in turn facilitate business. Transferable securities have the purpose of raising capital in the form of contributions made by purchase of shares and bonds, which is used for starting new businesses or expansion of existing businesses thereby increasing the production of goods and services in the country.A document of title to goods, whose negotiation transfers the goods repre sented by them, creates convenience and facilitates transactions involving the goods. For instance, a person selling warehoused goods can do so by endorsing and transferring the certificate of deposit and without the need to actually deliver the objects. When we come to the specific purposes of commercial instruments, promissory notes can be used as means of borrowing money, buying goods and services on credit and as method of evidencing a pre-existing debt.Certificates of deposit can be used as a device for encouraging individuals to deposit funds in banks; in return the holder of the certificate has the right to receive interest. Bills of exchange on the other hand have the purpose of collecting accounts financing, the movement of goods, and transfer funds. Checks serve as â€Å"vehicles for transfer of money and also used to aid in keeping records, reduces the risk of loss and destruction and theft of currencies. † 9 2. 4.Types of Negotiable Instrument Section 13 of the Ne gotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognized by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques. Negotiable instruments recognized by usage or custom are: (i) Hundis (ii) Share warrants (iii) Dividend warrants (iv) Bankers draft (v) Circular notes (vi) Bearer debentures (vii) Debentures of Bombay Port Trust (viii) Railway receipts (ix) Delivery orders. 2. 4. 1.Promissory Notes Section 4 of the Act defines, â€Å"A promissory note is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. † Essential elements: 1. It must be in writing 2. It must certainly an express promise or clear understanding to pay 3. Promise to pay must be unconditio nal 4. It should be signed by the maker 5. The maker must be certain 6. The payee must be certain 7. The promise should be to pay money and money only 8.The amount should be certain; and 9. Other formalities regarding number, place, date, consideration etc. 10 2. 4. 2. Bill of Exchange Section 5 of the Act defines, â€Å"A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrument†. A bill of exchange, therefore, is a written acknowledgement of the debt, written by the creditor and accepted by the debtor. There are usually three parties to a bill of exchange drawer, acceptor or drawer and payee.Drawer himself may be the payee. Essential conditions of a bill of exchange: 1. It must be in writing. 2. It must be signed by the drawer. 3. The drawer, drawee and payee must be certain. 4. The sum payable mu st also be certain. 5. It should be properly stamped. 6. It must contain an express order to pay money and money alone. 7. The order must be unconditional. Bills can be classified as: ? Inland and foreign bills. ? Time and demand bills. ? Trade and accommodation bills. 2. 4. 3. Cheques Section 6 of the Act defines â€Å"A cheque is a bill of exchange drawn on a specified banker, and not expressed to be payable otherwise than on demand†.A cheque is bill of exchange with two more qualifications, namely, (i) it is always drawn on a specified banker, and (ii) it is always payable on demand. Consequently, all cheques are bill of exchange, but all bills are not cheque. A cheque must satisfy all the requirements of a bill of exchange; that is, it must be signed by the drawer, and must contain an unconditional order on a specified banker to pay a certain sum of money to or to the order of a certain person or to the bearer of the cheque. It does not require acceptance. 11Specimen of a Cheque ABC Bank Date_____________ Pay ‘A;——————————————————————————–or the bearer sum of rupees———————————————————————————only. Rs——-/A/c No———LF—–Sd/No——————— Distinction between Bills of Exchange and Cheque: 1. A bill of exchange is usually drawn on some person or firm, while a cheque is always drawn on a bank. 2. It is essential that a bill of exchange must be accepted before its payment can be claimed a cheque does not require any such acceptance. . A cheque can only be drawn payable on demand, a bill may be also drawn payable on demand, or on the expiry of a certain period after date or sight. 4. A grace of three days is allowed in the case of time bills while no grace is given in the case of a cheque. 5. The drawer of the bill is discharged from his liability, if it is not presented for payment, but the drawer of a cheque is discharged only if he suffers any damage by delay in presenting the cheque for payment. 6. Notice of dishonor of a bill is necessary, but no such notice is necessary in the case of cheque. . A cheque may be crossed, but not needed in the case of bill. 8. A bill of exchange must be properly stamped, while a cheque does not require any stamp. 9. A cheque drawn to bearer payable on demand shall be valid but a bill payable on demand can never be drawn to bearer. 10. Unlike cheques, the payment of a bill cannot be countermanded by the drawer. 12 2. 4. 4. Hundis A â€Å"Hundi† is a negotiable instrument written in an oriental language. The term hundi includes all indigenous negotiable instruments whether they be in the form of notes or bills.The word ‘hundi’ is said to be derived from the Sanskrit word ‘hundi’, which means â€Å"to collect†. They are quite popular among the Indian merchants from very old days. They are used to finance trade and commerce and provide a fascicle and sound medium of currency and credit. Hundis are governed by the custom and usage of the locality in which they are intended to be used and not by the provision of the Negotiable Instruments Act. In case there is no customary rule known as to a certain point, the court may apply the provisions of the Negotiable Instruments Act.It is also open to the parties to expressly exclude the applicability of any custom relating to hundis by agreement (lndur Chandra vs. Lachhmi Bibi, 7 B. I. R. 682). 2. 5. Parties to Negotiable Instruments 2. 5. 1. a) b) c) d) 2. 5. 2. a) b) c) d) e) f) g) h) i) 2. 5. 3. a) b) c) d) Parties to a Promissory Note Maker Payee Holder The indorser and indorsee (the same as in the case of a bill) Parties to Bill of Exchange Drawer Drawee Acceptor Payee Indorser Indorsee Holder Drawee in case of need Acceptor for honor Parties to a Cheque Drawer Drawee Payee The holder, indorser and indorsee (the same as in the case of a bill or note). 3 2. 6. Functions of Negotiable Instruments Negotiable instruments serve the following functions: ? Substitute for money ? Credit device ? Record-keeping device Most purchases by businesses and many individuals are made by negotiable instruments instead of cash. 2. 7. Endorsement The word ‘endorsement’ in its literal sense means, writing on the back of an instrument. But under the Negotiable Instruments Act it means, the writing of one’s name on the back of the instrument or any paper attached to it with the intention of transferring the rights therein.Thus, endorsement is signing a negotiable instrument for the purpose of negotiation. The person who effects an endorsement is called an ‘endorser’, and the person to whom negotiable instrument is transferred by endorsement is called the ‘endorsee’. Essentials of a valid endorsement: The following are the essentials of a valid endorsement: 1. It must be on the instrument. The endorsement may be on the back or face of the instrument and if no space is left on the instrument, it may be made on a separate paper attached to it called allonage. It should usually be in ink. 2.It must be made by the maker or holder of the instrument. A stranger cannot endorse it. 3. It must be signed by the endorser. Full name is not essential. 4. It may be made either by the endorser merely signing his name on the instrument (it is a blank endorsement) or by any words showing an intention to endorse or transfer the instrument to a specified person (it is an endorsement in full). 5. It must be completed by delivery of the instrument. The delivery must be made by the en dorser himself or by somebody on his behalf with the intention of passing property therein. 6.It must be an endorsement of the entire bill. A partial endorsement i. e. which purports to transfer to the endorse a part only of the amount payable does not operate as a valid endorsement. If delivery is conditional, endorsement is not complete until the condition is fulfilled. 14 The payee of an instrument is the rightful person to make the first endorsement. Thereafter the instrument may be endorsed by any person who has become the holder of the instrument. The maker or the drawer cannot endorse the instrument but if any of them has become the holder thereof he may endorse the instrument (Sec. 51).The maker or drawer cannot endorse or negotiate an instrument unless he is in lawful possession of instrument or is the holder there of. A payee or indorsee cannot endorse or negotiate unless he is the holder there of. 2. 8. Dishonor of a Negotiable Instrument When a negotiable instrument is d ishonored, the holder must give a notice of dishonor to all the previous parties in order to make them liable. A negotiable instrument can be dishonored either by non-acceptance or by non-payment. A cheque and a promissory note can only be dishonored by non-payment but a bill of exchange can be dishonored either by nonacceptance or by non-payment. . 8. 1. Dishonor by non-acceptance (Section 91) A bill of exchange can be dishonored by non-acceptance in the following ways: 1. If a bill is presented to the drawee for acceptance and he does not accept it within 48 hours from the time of presentment for acceptance. When there are several drawees even if one of them makes a default in acceptance, the bill is deemed to be dishonored unless these several drawees are partners. 2. When the drawee is a fictitious person or if he cannot be traced after reasonable search. 3.When the drawee is incompetent to contract, the bill is treated as dishonored. 4. When a bill is accepted with a qualified acceptance, the holder may treat the bill of exchange having been dishonored. 5. When the drawee has either become insolvent or is dead. 6. When presentment for acceptance is excused and the bill is not accepted. 15 2. 8. 2. Dishonor by non-payment (Section 92) A bill after being accepted has got to be presented for payment on the date of its maturity. If the acceptor fails to make payment when it is due, the bill is dishonored by nonpayment.In the case of a promissory note if the maker fails to make payment on the due date the note is dishonored by non-payment. A cheque is dishonored by non-payment as soon as a banker refuses to pay. An instrument is also dishonored by non-payment when presentment for payment is excused and the instrument when overdue remains unpaid (Sec 76). 2. 9. Working Definitions ? Negotiable means transferable. The negotiation that goes on refers to the transfer of the instrument between two people, or from one bank to another, or even from one country to ano ther. In the broadest sense, almost any agreed-upon medium of exchange could be considered a negotiable instrument. In day-to-day banking, a negotiable instrument usually refers to checks, drafts, bills of exchange, and some types of promissory notes. ? A Negotiable Instrument is a written order promising to pay a sum of money. ? Banking is the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. 16 Third chapter: Data Collection and Limitation 17 3. 1. Sources of the Data Secondary Sources: For making this study paper, I have collected necessary data from various secondary sources, where data already exists. Because it is cheaper to use and easy to find than having to carry out the research again. Secondary information such as definitions, instruments insights and functions were collected from books of different authors, internet articles and various researches. 3. 2. Limitations of the Data Collection Every study, no matter how well it is conducted has some limitations. When making this assignment, there were also some unavoidable limitations.First, because of the limited time limit, this study was conducted only on a small amount of data. Therefore, this study is little less informative. Also lack of required data. Lack of in-depth knowledge of the topic. Finally, the complexity of the study, as well as the scarcity of related information might decrease the performance of the research. 18 Fourth chapter: Result and Discussion 19 4. 1. Findings In this study I have found a lot of essential knowledge about Negotiable Instruments that are used in banking sectors. Some of them are given below? The instruments should be freely transferable.An instrument cannot be negotiable unless it is such and in such state that the true owner could transfer by simple delivery or endorsement and delivery. ? Negotiability involves two elements namely, transferability free from e quities and transferability by delivery or endorsement. ? The holder of the instrument is presumed to be the owner of the property contained in it. ? ? All Negotiable Instruments are freely transferable. The instrument is transferable till maturity and in case of cheques till it becomes stale (on the expiry of 6 months from the date of issue). Certain equal presumptions are applicable to all negotiable instruments unless the contrary is proved. ? Finally, every negotiable instrument was made or drawn for consideration irrespective of the consideration mentioned in the instrument or not. 20 Fifth chapter: Conclusion 21 5. 1. Final decision: In this study we have understood the concept of Negotiable Instruments and how different negotiable instruments are supporting Banking Sectors. A negotiable instrument is a piece of paper which entitles a person to a sum of money and which is transferable from one person to another by mere delivery or by endorsement and delivery.The characteristic s of a negotiable instrument are easy negotiability, transferee gets good title, and also transferee gets a right to sue in his own name and certain presumptions which apply to all negotiable instruments. There are two types of negotiable instruments (a) Recognized by statue: Promissory notes, Bill of exchange and cheques and (b) Recognized by usage: Hundis, Bill of lading, Share warrant, Dividend warrant, Railway receipts, Delivery orders etc.The parties to bill of exchange are drawer, drawee, acceptor, payee, indorser, indorsee, holder, drawee in case of need and acceptor for honor. The parties to a promissory note are maker, payee, holder, indorser and indorsee while parties to cheque are drawer, drawee, payee, holder, indorser and indorsee. Negotiation of an instrument is a process by which the ownership of the instrument is transferred by one person to another. There are two methods of negotiation: by mere delivery and by endorsement.In its literal sense, the term ‘indors ement’ means writing on an instrument but in its technical sense, under the Negotiable Instrument Act, it means the writing of a person’s name on the face or back of a negotiable instrument or on a slip of paper annexed thereto, for the purpose of negotiation. A bill may be dishonored by non-acceptance (since only bills require acceptance) or by non-payment, while a promissory note and cheque may be dishonored by non-payment only. Noting means recording of the fact of dishonor by a notary public on the bill or paper or both partly.Protest is a formal notarial certificate attesting the dishonor of the bill. The term ‘discharge’ in relation to negotiable instrument is used in two senses, viz. , (a) discharge of one or more parties from liability thereon, and (b) discharge of the instrument. 22 References Michael D. Floyd. â€Å"Mastering Negotiable Instruments: Ucc Articles 3 and 4 and Other Payment Systems (Mastering Series)†. Published Jun 30, 2008 Law of Negotiable Instruments, 6th edition 2007 – By Tan Peng Chin LLC Chapter 73 — Negotiable Instruments: http://www. eg. state. or. us/ors/073. html DocsFiles: http://docsfiles. com/pdf_ negotiab le_instruments. html Ethiopian Legal Brief: http://chilot. me/teaching-materials/insurance-banking-and-negotiable-instruments/ FindThatDoc: http://www. findthatdoc. com/search-95781382-hPDF/download-documents-bltch19pdf. htm Wikipedia, the free encyclopedia: http://en. wikipedia. org/wiki/Negotiable_instrument Wikipedia, the free encyclopedia: http://en. wikipedia. org/wiki/Negotiable_Instruments_Act,_1881 23