The Industrial Revolution Is The Cornerstone Of What Makes...

The Industrial Revolution is the cornerstone of what makes America, the modern America. Even though we label this period of time a revolution, it actually began in Britain. It was a significant movement of advance of the time, but went through many trials and tribulations. At the end of the eighteenth century, England and France both underwent revolutions: France the French Revolution, England the industrial revolution (Sharp 2012). America was able to learn from the Britain and take advantage of this concept. It brought new ideas that changed how products were made. When the United States inherited the idea from Britain in the 1770s, production significantly increased from having hand production of utilizing machines. This eventually led to the development and incorporation of steam and water power and the use of coal for fuels. The Industrial Revolution impacted every aspect of life. The Industrial Revolution effected society through the living and working conditions. When America first entered the Industrial Revolution was during the time of the European Wars. The wars taking place extremely hindered the relations that the United States had with between Britain and France. The Embargo Act was established after an American ship had been seized, to include the merchantmen and cargo, by the British. The British had opened fire on the American neutral ship when they were not allowed to search it. Due to this event, the Embargo Act was established that stopped the exportingShow MoreRelatedEffects Of The Enlightenment On Modern America1592 Words   |  7 PagesRegina Hamilton Dr. Ermus WOH1030 22 September 2014 Effects of The Enlightenment on Modern America There are many things that set America apart from the world. Most notably are our political structure, social structure, capitalistic ideals, and the free exchange of ideas and beliefs that were all born from the desire for freedom. After hundreds of years of being told what to do by the Church and the monarchy, there came a time when the people decided that it was time to come out from under theRead MoreHistory of Management Theory Essay1113 Words   |  5 Pagespertaining to these two elements has evolved from the Industrial Revolution throughout the Progression Era and into the modern workplace. The purpose of this paper will focus on Frederick Taylor’s Scientific Management, also known as the Taylor System, and Elton Mayo’s Human Relations business models and how they relate to this managerial evolution. Both Taylor and Mayo were iconic masterminds who lit the torch of innovative management for America to progress out from days of uncontrolled processRead MoreThe World During The 18th Century1697 Words   |  7 Pageson. That being said, I was like one of the bystanders watching the fight as it unfolded. I could only make an analysis on what I knew and that was not a lot. The knowledge gained so far from this course truly opened my eyes why many of the world’s institutions existed, or existed to this day. For example, much was known about the cash crop known as cotton and the impact it had on America, but what was not known was how it truly circulated throughout the world and in essence, made the world go ‘roundRead MoreEducational Standardization Of The Industrial Revolution913 Words   |  4 PagesFrom Colonial America through the industrial revolution and to current practices, education has served to better our society. Education’s goal has continuously serv ed to prepare students for the jobs and expectations society holds at the time. Eighteenth century education centered around the practical needs of seamen, merchants, artisans, and frontiersmen . However, practical content competed tightly with religious concerns. After the boom of the industrial revolution, more children were goingRead MoreThe Jungle By Upton Sinclair1437 Words   |  6 PagesAmerica is known as the golden opportunity to live a better life, have freedom, and liberty. Immigrants believe that America could improve their quality of life. Immigrants encountered extreme poverty in their countries and affording a family was impossible. However, the reality is much more horrendous and the true successors in the labor force are the wealthy business owners. The Jungle is a fictional novel by Upton Sinclair, reveals the real reality of working in the labor force in America andRead MoreThe New Deal: Radical Policies towards a Conservative Goal1539 Words   |  6 Pagespro grams, the New Deal mounted radical policies that gave the federal government unprecedented power in the nation’s economy and society, however, the New Deal did not bring America out of the Great Depression and could be considered conservative in the context of the era, ultimately saving capitalism from collapsing in America. Many of the New Deal’s relief programs were revolutionary; the federal government was now responsible for relieving the problems of society previously left to individuals,Read MoreCompetition Is The Cornerstone Of Capitalism1499 Words   |  6 PagesCompetition is the cornerstone of capitalism. It creates rivalry among businesses to produce quality goods and services at competitive prices. This gives consumers a better sense of variety when making purchases. Competition in its purest form creates small buyers and sellers none of which are too large to negatively affect the market as a whole. Competitive markets can be dated back to ancient times when merchants competed in foreign trade. In the 19th century economists considered competition asRead MoreVillains Of All Nations : Atlantic Pirates1667 Words   |  7 Pagesthat pirates’ rowdiness could be contributed to their greedy tendencies, violent nature, and rebellious attitudes. In fact, much of what pirates did was an attempt at revolutionizing what they saw as a corrupt society. This reality is quite ironic, seeing as how many people assume piracy to be the more corrupt culture. Furthermore, in The Buccaneers of America: In the Original English Translation of 1684, pirate John Esquemeling (1645-1707) gives us insight into his transition from a commonRead MoreHow Did The Rise Of Mass Production Transform The Role Of The United?2721 Words   |  11 Pagesthe country following World War I, the development of mass production not only revolutionised the industrial sphere, but also remains widely accredited for being the key driving force behind the economic boom in the 1920s. Existing social values were reformed; free-market capitalist practices were endorsed, and American society aspired to ideals of excessive material wealth and excess. A revolution of mass consumption’ took place in this era, transforming the U.S economy one of global superiorityRead MoreThe Muralist Movement in Mexico3342 Words   |  14 Pagesthis form of painting in Mexico and led the way for the Muralist Movement in Mexico. Their murals were based on the political and social cond itions of the times. During the beginning of the 20th century, Mexico went through a political and social revolution and the government began to commission a number of huge frescos to celebrate its achievements. The muralist movement would not only have a great effect on their own country but the rest of the world as well. The first modern artists from a Hispanic

Dr Jekyll And Mr Hyde Essay - 1518 Words

The purpose of my essay is to compare and contrast the historical fiction, drama novel titled, the Kite Runner, written by Khaled Hosseini, and the horror, scientific fiction, drama novel, The Strange Case of Dr. Jekyll and Mr. Hyde, written by Robert Louis Stevenson. I will compare the two novels and show hoe these two authors represent how you can take two people that have a lot of guilt and either live with it or change yourself and circumstances. One lives with it by his actions towards his best friend and the other deals with it through his dual personality. Both authors show how the main characters in both novels deal with guilt. One deals with it by doing bad things and at first not caring to finally realizing the wrongs he has†¦show more content†¦The guilt he is feeling is so bad that he decides someone must leave. He sets Hassen up and puts money and a watch in his pillow. Ali was so embarrassed that his son would steal from their master, that they left town and went to Pakistan. Soon after they left, Baba decided he wanted more out of life for him and Armir, and they moved all the way to Freemont, California. As Armir grows older, the guilt was still so strong, he knew he needed to do something. Armir often tells us in the story that â€Å"he often is overcome by sudden guilt that he bolts to the bathroom and vomits in the sink.† Pg ___________ Armir also realized that he sat Hassen up earlier in life because he was jealous of him and the relationship that he had with Armir’s father, Baba. Baba also feels guilty when he shows Armir because he cannot show the same love to Hassen. Hassen loves his father, Ali but always feels he is missing something. Armir later in life finds out that Baba is Hassen’s real father and the guilt is even greater. While living in California, Armir is contacted by Rahim and asked to return to Pakistan. He learns that Hassen has been killed by Assef and has left a son behind, named Sohrab. Armir returns to Pakistan and feels this is his chance for redemption. Rahim also tells Armir that â€Å"this is his chance for him to make good.: ___________ Armir then sets out to look for Sohrab. Armir learns that Sohrab is carrying around a lot ofShow MoreRelated dr jekyll and mr hyde Essay1196 Words   |  5 Pages Jekyll and Hyde Analysis In this essay on the story of Jekyll and Hyde written by Robert Louis Stevenson I will try to unravel the true meaning of the book and get inside the characters in the story created by Stevenson. A story of a man battling with his double personality. In Dr. Jekyll and Mr. Hyde, Hyde becomes Jekylls demonic, monstrous alter ego. Certainly Stevenson presents him immediately as this from the outset. Hissing as he speaks, Hyde has quot;a kind of black sneering coolness .Read MoreDr. Jekyll and Mr. Hyde Essay800 Words   |  4 Pages Dr. Jekyll and Mr. Hyde Essay In Robert Louis Stevenson’s, Dr. Jekyll and Mr. Hyde, Dr. Jekyll’s struggle between two personalities is the cause of tragedy and violence. Dr. Jekyll takes his friends loyalty and unknowingly abuses it. In this novella, Stevenson shows attributes of loyalty, how friendship contributes to loyalty, and how his own life affected his writing on loyalty. Stevenson expresses loyalty in many ways. For example, he establishes the friendship between Mr. Utterson, Dr. JekyllRead MoreBackground of Dr. Jekyll and Mr. Hyde Essay2077 Words   |  9 PagesBackground of Dr. Jekyll and Mr. Hyde The Strange Case of Dr Jekyll and Mr Hyde was published in 1886 and is one of the best known of Stevensons novels. It concerns the way in which an individual is made up of contrary emotions and desires: some good and some evil. Through the curiosity of Utterson, a lawyer, we learn of the ugly and violent Mr Hyde and his oddRead More Dr. Jekyll and Mr. Hyde Essay718 Words   |  3 Pages Dr. Jekyll and Mr. Hyde nbsp;nbsp;nbsp;nbsp;nbsp;Jekyll does deserve his final miserable fate because he commits several selfish deeds to the point where he brings his miserable fate upon himself. In Dr. Jekyll and Mr. Hyde, Robert Louis Stevenson uses Jekyll to represent how man prioritizes by putting himself over others. Throughout the book, Jekyll’s two different sides are used to show that man is consistently selfish and will usually think of himself before others. Even though Jekyll hasRead More Dr. Jekyll and Mr. Hyde Essay1116 Words   |  5 PagesDr. Jekyll and Mr. Hyde Dr. Jekyll and Mr. Hyde was published in 1886 as a shilling shocker novella written by the young novelist Robert Louis Stevenson. At that time there was a surfeit of cheap horror novellas. Stevensons novella was different because it explored the evil inside human kind. I will look into Victorian attitudes and how these influenced Victorian life. The cultural and historical context of the text is typical of the author but not his time because there was a contradictionRead More The Gothic Novel Dr. Jekyll and Mr. Hyde Essay examples1403 Words   |  6 PagesTo what extent can The strange case of Dr Jekyll and Mr Hyde be viewed as a gothic novel? Jekyll and Hyde is a gothic novel. It was written by Robert Louis Stevenson, he got the idea for the story after a dream he had. The word ‘Goth’ is originally from a German tribe and has come to mean ‘barbarian’ and later know as ‘Gothic’. In Gothic Literature certain features are expected. These are supernatural events, have villains and hero characters, strange weather, horror, mystery and deathsRead MoreStevensons Representation of Evil in Dr Jekyll and Mr Hyde Essay1424 Words   |  6 PagesStevensons Representation of Evil in Dr Jekyll and Mr Hyde Dr Jekyll and Mr Hyde is a classic novel telling the story of the struggle between good and evil. The good being shown in the form of a well-respected Doctor Henry Jekyll and the evil being released from a lengthy repression in the form of Mr Edward Hyde. In my essay I will be concentrating on the influences of the Victorian age and how Stevenson involved aspects of his own life into the writing of the bookRead MoreAnalysis of Dr. Jekyll and Mr. Hyde Essay557 Words   |  3 PagesAnalysis of Dr. Jekyll and Mr. Hyde Everyone has heard of Jekyll and Hyde. The two infamous characters that portray the main roles in The Strange Case of Dr.Jekyll and Mr.Hyde. Yet, even with this phenomenal status of the book, surprisingly, not many people know what is really represented inside its pages. Firstly, to understand what made The Strange Case of Dr.Jekyll and Mr.Hyde a classical story known by young and old alike, we must look at where it began. AsRead MoreDr Jekyll And Mr Hyde Duality Essay1502 Words   |  7 PagesIn the novel, The Strange Case of Dr. Jekyll and Mr. Hyde by Robert Louis Stevenson provides insight into the inner workings of the duality that exists within humans. Dr. Jekyll is a well-respected doctor in his community while his differing personality Mr. Hyde is hideous and considered by the public as evil based on appearance. As the novel progresses Dr. Lanyon begins to investigate Mr. Hyde, he begins to realize similarities between both Mr. Hyde and Dr. Jekyll such as their handwriting which resultsRead MoreEssay about Dr Jekyll and Mr Hyde1188 Words   |  5 PagesDr Jekyll and Mr Hyde This novel is more than just a traditional horror story as it has many hidden and complex meanings and explanations, of what seem and would have normally before this book, been simple events. Stevenson has very strong opinions and some are expressed in the book. A traditional horror story would either be a super natural In this novel Stevensons characters, Jekyll and Hyde, are stereotypes of people who are good and evil. The good is the friendly doctor (the

Benefits of Using the Ashford University Library free essay sample

Lastly will go over how to be effective and efficient in finding resources that will fit in to research needs. So lets talk about what are some of the key differences between scholarly resources and popular resources. A scholarly resource is a resource that is published by a subject matter expert. It is a paper that is written by someone who is very familiar with the subject on hand. After a person writes the said paper it then goes through a peer review. A peer review is others that are experts in the field and weigh in on the paper at hand. It is a very vigorous recess.It then has to be approved in order to be published and be considered a scholarly resource. Unlike scholarly resources, popular resources are usually written by a journalist of some sort or professional flogger. These resources are typically found in magazines, newspapers, or blobs. We will write a custom essay sample on Benefits of Using the Ashford University Library or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page And are generally written for entertainment and inform the public. It often is very reliable and can be very helpful for research purposes. So now that you know what the differences are left talk about some key things to remember when searching with in the Gifford university Library.The Gifford University Library is an amazing tool for us students attending Gifford University. It is full of information that will put us on the right path to success. But you have to understand how to use it first. And the library has thought of it all. It has helpful tutorials to show you step by step on how to use it and what to use it for. It also has the Find it tool. You have to be sure when you are searching using the find it tool you be specific. When searching scholarly resources you have to just use main ideas and key words.If you try o search a long sentence or phrase it will give you tons of options and then you are really not using it the right way. It is not like a search engine where it guesses what you are trying to look for causing you to dig through thousands of pages. Using quotations is also helpful when searching because it will look for those specific words in that order. These are just some key things to remember when using the Library and its tools to help us turn in quality work. Being effective and efficient is key to research. You never want to go in to it without a plan. Otherwise you could be wasting valuable time.

Should Distribute Network Traffic Equally †Myassignmenthelp.Com

Question: Discuss About The Should Distribute Network Traffic Equally? Answer: Introduction Open internet is also referred to as Net neutrality, which is a principle that says Internet Service Providers (ISPs) should distribute their network traffic equally without blocking the content, applications and services. The common EU rules on net neutrality applies and ensures that same services are applied across Europe without blocking, throttling and discrimination of internet traffic and is guided by three exceptions. Compliance with legal obligations Network integrity Managing the congestion in exceptional situations National Regulatory Authorities (NRAs) are authorized to access traffic management, commercial practices and agreements. They have the power to set quality standards to ensure good quality open internet access to end-users. In 2016, the Body of European Regulators for Electronic Communications (BEREC) in coordination with Commission issued guidelines to help NRAs in assessing inter alia agreements and commercial practices to reach to a consistent decision and actions. NRAs prepare annual country reports and submit them to the Commission and BEREC to help them implement net neutrality rules (Granados, 2017) Open Internet: The Argument Various reasons and arguments exists among people dealing with the internet as the stakeholders involve of government, the service providers, the telecommunication companies, the end users, etc. All have their own reasons to prove the favourability and non-favourability for open internet. Stating below are few of those arguments to consider the ethical side of net neutrality. The net neutrality states that no signal from the traffic on the internet should be prioritized over the other. People on the other side claim that open internet obstructs the main internet market infrastructure. A big organization with more money tend to block content of startups or new upcoming organizations to promote their own content. The supporters of open internet are worried about how much authority the FCC (Federal Communications Commission) should have, and the end users are concerned that the government is interfering the free internet market (Gross, 2014). There are multiple ethical issues that followed up because of these arguments. Before we apply the ethical theories to the open internet, lets pen down the possible options: A complete execution of net neutrality without prioritization of signals for any purpose or to any destination. A limited execution of net neutrality to have ISPs decide the exceptions like blocking of particular signals applications. A complete free market without open internet to have ISPs as sole decision makers to form their rules, and the end users decide which ISP they want to avail the services from. Utilitarianism applied to Net Neutrality Utilitarianism is an ethical theory which says that the outcome of any action are the sole standards of right or wrong. The best action for anything is the one which maximizes the value of anything. Various opinions flows through the multiple discussions and ethical theories are applied to know the best possible solution or in other words to come to a decision which maximizes the final outcome. Considering the business ethics perspective for both the sides, they both are considering their decisions to be right and will benefit maximum people (Michel Weidman, 2015). Using the Utilitarian theory suggests strengthening the net neutrality will lead to the goal of open internet and their rules will benefit maximum people. The telecommunication companies would experience a decline in utility as open internet would have less innovation and no freedom of speech. The utility of this on ISPs would depend on the organization size. The end users will have equal access to everything on the internet and hence will increase its utility for them. Considering the other side with no net neutrality, the telecom companies will keep imposing charges to increase their own profits, big companies with more money will dominate the smaller ones by paying more for faster internet, the FCC will have no rules to regulate the internet flow and the end users will keep getting limited access to various sites (Chung Xing, 2011). Doing a total weightage to both the sides and calculating the final utility we can say that maximum people will benefit with net neutrality and from a Utilitarian perspective it seems to be ethical. Deontology applied to Net Neutrality The deontological ethical theory the moral quality of acts cite on the principals of maxims and Categorical Imperative Test. The acts failing the tests are considered morally wrong. Each individual has the right to give weightage to their own likes and dislikes. These Maxims are the aims of an individual (whether right or wrong). The act can be right if the maxim which the individual is aiming can become a universal law. So the Maxim for people in favor of net neutrality would mean no discrimination and for those opposing it would mean to discriminate. On the basis of the categorical imperative approach in deontology theory, an individuals will or practical reasons are an action of logical consistency. If the individual will can have everyone agree to his particular maxim, then that action is right. The service providers should not have all the authority to interfere the internet permits. As discrimination is morally wrong, hence deontology would favor net neutrality and have equal right with everyone to use the internet and various applications (Given, 2007). To make an ethically and morally right decision, the practical and logical approach seems to be the best for net neutrality. Virtue theory applied to Net Neutrality Virtue theory emphasizes on the moral character as compared to the ethical duties and regulations. It believes in Eudemonism, which means that goals of having a good life can be achieved by practicing virtue in day-to-day life (Geddes, 2016). Thistheory believes that open internet would increase innovation of the signals and networks which would be followed by an increase in the value of internet access to the final internet users and they would be willing to spend more for this value. Ultimately, this would create a virtuous circle. The main conclusion of this theory depends on having a more flexible regulatory approach (Downes, 2017). Contract Theory applied to Net Neutrality This theory is a study of agreements, which are formed between two parties, which may be two individuals or business organizations, to form specific rules agreed by both. This theory believes that getting into a contract will lead to moral living by individuals. Considering the contract theory, there exists an agreement between the end users and the service providers for the data charges that user agrees to pay to receive data services. There also exists an agreement between different service providers on specific terms. Hence, in case of violation of the agreement from the service providers side, the ISPs themselves are responsible it, and have to resolve it. From the mutually agreed terms of agreements, this theory would stand against net neutrality. However, the option 2 given above in this paper could be a solution in consideration of this contract theory (Audibert Murray, 2016). Conclusion The internet is a basic need of today for every individual and for every business. Absence of net neutrality will have service providers controlling the traffic and focusing on growing their profits instead of focussing on quality internet service. The comparison and logics stated in the ethical theories above leads us to support open internet as net neutrality treats everything equal without any discrimination and hence seems to be the correct thing to do and maximize the value of its outcomes by benefiting maximum end users of the internet, giving them all the rights to decide what is right for them and how much data they want to use. Actions that benefit the society as a whole are ethical actions. The net neutrality can bring a positive and a different shape to the internets future. References Audibert, L., Murray, A. (2016). A principled approach to network neutrality. Retrieved from https://eprints.lse.ac.uk/67362/7/Murray_Principled%20approach_2016.pdf Chung, A., Xing, C. (2011). The Ethics of Net Neutrality. Retrieved from https://web.cs.ucdavis.edu/~rogaway/classes/188/fall11/p211.pdf Downes, L. (2017, March 31). The Tangled Web of Net Neutrality and Regulation. Retrieved from https://hbr.org/2017/03/the-tangled-web-of-net-neutrality-and-regulation Geddes, M. (2016, April 05). Why You Should Demand 'Net Morality' Instead of 'Net Neutrality'. Retrieved from https://www.circleid.com/posts/20160405_why_you_should_demand_net_morality_instead_of_net_neutrality/ Given, C. (2007). Network Neutrality: Three Ethical Perspectives. Retrieved from https://craiggiven.org/docs/NN_CGIVEN.pdf Granados, N. (2017, May 31). The Net Neutrality Debate: Why There Is No Simple Solution. Retrieved from https://www.forbes.com/sites/nelsongranados/2017/05/31/the-net-neutrality-debate-why-there-is-no-simple-solution/#717e45d55c67 Gross, D. (2014, January 16). 'Pay to play' on the Web?: Net neutrality explained. Retrieved from https://edition.cnn.com/2014/01/15/tech/web/net-neutrality-explained/index.html Michel, F., Weidman, E. (2015, February 13). Is net neutrality ethical from a utilitarian framework? Retrieved from https://uconnbusinessethics.wordpress.com/2015/02/13/is-net-neutrality-ethical-from-a-utilitarian-framework/

An analysis of the best investment decision by Jim

Introduction This paper, as indicated in the abstract discusses the financial viability appraisal methods that were used to advice the management of Jim-care medical centre on which of the two capital investment options to make. The hospital is a medium, but growing health centre that has a strategic plan to expand to attain a level of a fully fledged 24 hour service hospital with over 300 bed capacity. Currently, the institution has only 25 beds and the future looks as bright as it can be.Advertising We will write a custom essay sample on An analysis of the best investment decision by Jim-care medical venter specifically for you for only $16.05 $11/page Learn More While the ultimate goal of the hospital is to provide high quality medical care to the community, thus enhancing the social welfare of the people, the hospital has financial goals as well as it aims to make profits (Antony Robert, 2011). This will go a long way in helping it finance its curre nt and future expansion plans. The challenge at hand is therefore the insufficient funds to undertake many projects at the same time. This has made the hospital carry out several financial appraisal activities in the past so as to establish the ones that deserve the priority over others. This paper discusses one such financial appraisal activity that was commissioned by the management to identify which of the two capital expenditure projects that are in their strategic plan ought to be undertaken first. The main concern by the management of the hospital at the time was the cash flows since the cash generated by the services was not sufficient to meet all their operational and investment needs. The method used to carry out the appraisal was therefore the discounted cash flow method Net present value (NPV). Net present value is a financial appraisal method that takes in to consideration the time value of money and given the present value of the future cash flows (Wolf Sylvester, 2009 ). This once obtained is compared with the initial cash outlay and a decision is made to adopt the project that has a higher NPV where there are two or more mutually exclusive projects. If the method is used to appraise just one project an NPV above zero indicates that the project is viable and should be undertaken. The Hospital financial history and their strategic plan Jim-care medical center has been in operation for the last ten years. As such, it has recorded some considerable growth and it aims to have an increased growth in the next ten years. This is due to its strategic planning that takes a ten year span. The Year 2011 marked its first decade in operation and also marked a period where the hospital’s achievement of the set targets was to be evaluated. The institution had achieved virtually all the set goals and this served as an underlying stratum for the next ten year strategic planning (Barney, 1991). The hospital has however had difficulties with finances as some times they have been forced to borrow so as to boost their liquidity in order to meet their operational as well as recurrent expenditures. One of the objectives of the institution in the next ten years is to acquire improve in their financial position through increasing their liquidity as well as their cash flows.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Two projects The first project intends to construct a recreational facility for the hospitals’ staff who include the doctors, nurses, and the other medical staff. The aim of the project is to reduce the stress levels of the employees so as to enhance their service delivery. It was noted with concern that some doctors are experiencing fatigue during work and this resulted in some negligence while performing their duties. The project therefore aims to build a facility where the employees can go after work and have some relax ation and which would ensure that they have good rest. Some of the activities that to be carried in the facility is aerobics, in-door games such as table tennis, massage, and several other services. These activities are mean to provide a warm-down to the staff more so after work. The facility’s budget is $1,500,000.00 and is expected to pay back in the ten months. This is because its expected life is two years and before then it needs to have generated enough cash flows to enable the hospital’s management to carry out the other intended capital investments. The second project entailed building a cancer care center for the post admission therapy for the cancer patients. This was established as a need by the community since the hospital has a cancer treatment program that majorly includes chemo therapy. However, after carrying out the chemo-therapy the patients are referred to other medical centers since the institution has not yet built a cancer-care facility. The facil ity had a budget of $1,000,000.00 and was expected to generate the cash flows to pay back the investment in 8 months after which normal routine maintenance would be undertaken. Some of the activities intended for the facility were the post-chemo therapy care, rehabilitation as well as counseling. The hospital’s management had to choose between the two projects because the amount of cash they had then was not sufficient to undertake the two projects concurrently. By the end of the ten years strategic period, the hospital however intends to have built the two facilities. In this scenario, the limiting factor was the availability of the finances to fund the projects and as such the appraisal method that was used to come up with the investment advice was a financial quantitative method; Net present value as well as the Payback period (Milner, 2003). Other qualitative methods were considered as well but they did not prevail over the quantitative ones (Wild, Supranyam, Hasley, 200 7).Advertising We will write a custom essay sample on An analysis of the best investment decision by Jim-care medical venter specifically for you for only $16.05 $11/page Learn More The link between the strategic plan and the financial decision As indicated earlier, Jim-care health center has a ten year strategic period in which it evaluates the achievements of the past ten years set goals, re-adjusts where the need arises as well as sets new strategic targets for the next one decade. One such target is to improve the liquidity so as to fully fund their cash needs through proceeds from the hospital operations rather than engaging in borrowings (Barney, 1991). The hospital therefore intends to increase their revenue base through introducing other revenue streams so as to improve the cash-flows. The two projects had were considered since they were expected to generate adequate cash flows to pay back the outlay in a period of less than 16 months. Once thes e projects had paid back in the set time period, any further cash in-flow is considered to be profits from the investment. The increased cash flow would offer the institution with additional cash flows to carry out further future investment decisions as well as meeting their recurrent expenditure and operational cash needs as they fall due (Frederick, 2001). An attainment of this goal would therefore be a milestone in achieving the hospital’s ten year strategic goal. The results of the projects appraisal were therefore necessary in establishing the most viable of the two projects. The finance team The hospital commissioned a team of five financial professional where I held the position of the chair of the committee. The time period for the whole process was one month where all the available financial literature, data collection, analysis, and presentation of the report were required. The experienced was tremendous since most of the environment provided a practical view of wha t had been learnt in class as theory. It enabled the whole team apply the financial appraisal methods theoretical framework in real life financial scenarios. The results were however encouraging as the financial and economic knowledge that was learn in class was put into practice. The methods that were used in appraising the two projects were the pay-back period and the Net Present value (NPV). This is because of the specific needs of the management. the hospital required to engage in a project that would generate cash flows which would pay back the cash the soonest. This necessitated the need for payback period as a quantitative method. The hospital also wanted to establish the project that would have higher cash flows in the soonest time and this necessitated the use of the Net Present Value. The Findings from the appraisal methods Using the payback period, the first project which entailed construction of a recreational facility for the staff had the following data.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More recreation Payback Period month C-flow Cumulative 1 235,200 235,200 2 280,910 516,110 3 320,123 836,233 4 363,483 1,199,716 5 409,909 1,609,625 6 459,617 2,069,242 7 512,840 2,582,082 4.73 The payback period was 4.73 months The second project had the following data available cancer care Cumulative month C-flow 1 160,000 160,000 2 184,500 344,500 3 201,200 545,700 4 230,958 776,658 5 265,328 1,041,986 6 305,236 1,347,222 7 351,820 1,699,042 8 406,478 2,105,520 4.84 The payback period for the cancer care center was 4.84 months Analysis using the Net Present value (NPV) Using the net present value to evaluate the projects, the following data were obtained. recreational facility PERIOD CASH FLOW month Investment cash flow Pvif 12% PV 0 -1,500,000 1 -1,500,000 1 235,200 0.8929 210,010 2 280,910 0.7972 223,941 3 320,123 0.7118 227,864 4 363,483 0.6355 230,993 5 409,909 0.5674 232,582 6 459,617 0.5066 232,842 7 512,840 0.4523 231,958 8 369,495 0.4039 149,239 9 391,194 0.3606 141,065 10 413,917 0.322 133,281 TOTAL 0 2,256,688 NPV 513,775 The data for the cancer care center was as follows cancer care center PERIOD CASH FLOW month Investment cash flow Pvif 12% NPV 0 -1,000,000 1 -1,000,000 1 160,000 0.8929 142,864 2 184,500 0.7972 147,083 3 201,200 0.7118 143,214 4 230,958 0.6355 146,774 5 265,328 0.5674 150,547 6 305,236 0.5066 154,633 7 351,820 0.4523 159,128 8 406,478 0.4039 164,176 TOTAL 0 1,105,520 208,420 The analysis of the findings The first method that was used to evaluate the project was the payback period. Payback period is the time that elapses before the project generates cash in-flows to offset the initial outlay (Wild, Supranyam, Hasley, 2007). Projects with shorter payback periods are preferred over the ones with longer ones. This is because of the risk that is associated with unforeseen future circumstances more so in the macro-economic environment. When appraising one project, the management sets the required payback period and if the project does not beat the set deadline by the management the project is rejected. Using this appraisal method, the recreational facility construction is the preferred one sine it has a shorter payback period of 4.73 years as compared to the cancer care center payback period of 4.84 years. The Net present value The Net Present Value is the most desired capital appraisal technique since it considers the time value of money. It is defined as the difference between the initial cash outlay and the present value of the future cash in-flows that a project generates (Wendy Mayer, 2003). It also considers other financial measures such as the cost of capital and as such, the management is able to make informed decisions on the market conditions. When using this method to appraise mutually exclusive projects, the pro ject with the highest net present value is chosen over the one that has a lower one. When appraising a single project’s viability, a project is considered acceptable if it has a net present value above zero. this means that the present value of the future cash flows is more than the present value of the cash outlay. Using this method to appraise Jim-care health center, the project that was preferred was the construction of the recreation facility for the staffs. This is because the study showed that the facility had a net present value of $513,775.00 as compared to the cancer care center that had a net present value of $208,420.00 The qualitative non-financial factors When carrying out financial appraisals, several non-financial factors are considered. These include such factors as the social welfare of the stakeholders, the environment conservation, and the motivational levels of employees which may not be captured in the quantitatively (Chrystal Lipsey, 1997). The non fina ncial factors that were considered in this study were the welfare of the cancer patients and the motivational level of the staffs. Building the cancer care center would be very beneficial to the cancer patients in the community. This is because though it generated less cash flow projection than the recreational facility, the cancer care center would be of great qualitative need to the organization. This was however not the priority as at then as the hospital had cash flow difficulties and needed projects that would increase their cash flow requirements. The other non-financial qualitative consideration considered was the motivation of employees at the hospital. The hospital management highly regarded this is an urgent need among the organization staff and as such, the choosing of the project highly regarded this need. The recreation center was chosen since it positively impacted n the motivation of the employees who saw that their welfare was being put into consideration by the mana gement. This was an addition reason as to why the team advised the management undertake this project. The outcome of the project The management as was advised went on to undertake the construction of the recreational facility. This resulted in a more than the expected returns since the amount of money invested was recovered in the first 5 months after the completion of the project. This means that the financial techniques used were highly effective and the hospital has been able to improve its liquidity as well as the cash flows. The consideration of the non-financial factors in the appraisal of the project was a also effective since the motivational levels of the employees has gone up considerable. The hospital is now in the process of undertaking the other project of building the cancer care center which promises to be a huge success as well. References Antony, A. A., Robert, S. K. (2011). Management Accouting: Information for Decision-Making and Strategy Execution. New York: Quo rum Books. Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management , 99-120. Chrystal, K. A., Lipsey, R. G. (1997). Economics for Business and Management. New York: Oxford University Press. Frederick, B. (2001). Executive Strategy: Strategic Management and Information Technology. New York: John Wiley Sons. Milner, J. F. (2003). Ivestment Decisions Under Capital Rationing. New York: Mc Graw Hill. Wendy, C., Mayer, C. (2003). Finance, Investment and Growth. Journal of Financial Economics , 10-326. Wild, J. J., Supranyam, K. R., Hasley, R. B. (2007). Financial Statement Analysis. New York: Mc Graw Hill. Wolf, W., Sylvester, E. (2009). Efficiency of capital taxation in an open economy: tax competition versus tax exportation. European Journal of Political Research , 637-646. This essay on An analysis of the best investment decision by Jim-care medical venter was written and submitted by user Analia Boyer 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.

Post-Cold War Conflicts and International Order essays

Post-Cold War Conflicts and International Order essays As one looks at international relations in this post-cold war era, it is important to know that the liberal-realist ideologies are crucial elements to understanding post-cold war conflicts. Realists believe that wars arise from the efforts and desire of states to obtain power and security in an anarchic world. In a realists perspective, the balance of power, rally of allies, competition over territories and resources are the roots of war. In addition, realists deem the notions of self-help and arms build-up as the decisive arbiters for states in an anarchic world. Liberalists on the other hand believe that conflicts and the prevention of conflicts are not only determined by the balance of power, but also by the domestic structures of states, their values, identities, and cultures, and international institutions for conflict resolution. (Nye, 587) A liberalist would argue the importance of domestic structures and values in relation to international affairs. To further understand post-cold war conflicts and international order, I will first look at works conducted by Joseph Nye and Michael Klare and in the end I will incorporate Wohlforth and Huntingtons articles on hegemony against the wider background of world relations. Joseph Nyes Conflicts after the Cold War suggests that since the beginning of the post-cold war era, three accounts of conflict have emerged. He believes that a great deal of uncertainty exists in international relations since the Cold War era because international institutions designed around past conflicts have not yet caught up to the changed nature of post-cold war conflicts. Nye explains that the present wars of today are divided into three categories: great power, regional and internal. He considers regional and great power to be the most devastating types but also the least expected. The least threatening but most prevalent wars are internal communal wars. Nye s...

Forensic Essay Example | Topics and Well Written Essays - 250 words

Forensic - Essay Example Secondly, the entire scene has to be documented with the specific location of where the evidence was found indicated. Thirdly, the digital evidence is collected, labelled and preserved. After that, the already secured evidence is packed and transported in a secure manner. Lastly, it is presented in court without any alterations. It is important to follow all the steps in order maximise on the viability of the evidence. Poor handling of the evidence, is likely to render it in usable due to tampering (CDESF Working Group, 2006). Once at the scene, I had to ensure that I record what is visible on the screen as I wait the full legal authority team to seize the evidence to continue with further examination of the computer. After seizing the computer, I will label, pack and transport it to a secure place so that it can be used to provide evidence. Encryption was used in the past to prevent people from viewing incriminating files (Taylor, Haggerty, Gresty, & Hegarty, 2010). A message is encoded using a particular key, hence making it impossible for anybody to decrypt it. Lastly, media database systems can be unified into one. Encryption and stenography can be used legitimately by forensic examiners to ensure that there is minimal tampering with the collected evidence. Stenography was used in the past to ensure confidential communication. Secondly, it can be used to protect data since it is