Emotional intelligence The rapprochement of reaso Essay Example For Students

Emotional intelligence: The rapprochement of reaso Essay n and emotion The past few decades have seen increasing interest in emotion research. Although much remains to be learned, agreement is beginning to emerge regarding the way emotion should be viewed. Emotions provide a unique source of information for individuals about their environment, which informs and shapes their thoughts, actions, and subsequent feelings, and there is a growing view that emotion information can be used more or less intelligently. A notion central to emotional intelligence theory is that individuals differ in their ability to perceive, understand and use emotional information, and this ability significantly contributes to intellectual and emotional well-being and growth. Emotional intelligence as a concept has prospered, in part, because of the increasing personal importance of emotion management for individuals in modern society. Indeed, researchers have commonly claimed that emotional intelligence predicts important educational and occupational criteria beyond that predicted by general intellectual ability (e.g. Elias Weissberg, 2000; Fisher Ashkansy, 2000; Fox Spector, 2000; Goleman, 1995; Mehrabian, 2000; Saarni, 1999, Scherer, 1997). Furthermore, the chief proponents of emotional intelligence appear to have made strides towards understanding its nature, components, determinants, effect, developmental track, and modes of modification (Matthews, Zeidner Roberts, 2001) Since Golemans (1995) best-seller, Emotional Intelligence, popularized the concept, researchers have used an extensive number of attributes or abilities drawn from psychology to define emotional intelligence. Golemans book contains definitions and descriptions of what he identifies as the five key components of emotional intelligence: knowing emotions, managing emotions, motivating oneself, recognizing emotions in others, and handling relationships. Goleman attributes varying sets of personality attributes to each component, the final effect being that most of personality is covered by his definitions. Towards the end of his book, he claims there is an old-fashioned word for the body of skills that emotional intelligence represents: character (p. 285). As such, variations in the manner with which people think, feel, and act are ostensibly ascribed to differences in disposition and style. The notions of disposition and style however do not accommodate for the flexibility with which people interact with the world, according to Mischel (1990). In fact, claims by proponents of a trait-based theory of emotional intelligence have yet to produce any serious supportive evidence (Davies, Stankov, Roberts, 1998; Epstein, 1998; Mayer Cobb, 2000; Mayer, Salovey, Caruso. 2000). Mischel argues that peoples experiences of the world are selectively constructed, and that the range of potential thoughts, feelings and behaviours that people engage within and across situations are largely determined by information-processing competencies. Emotional intelligence researchers focus on disposition and style arguably needs therefore to be augmented by a deeper understanding of these competencies if we are to better understand why people behave and respond to affective information in the ways that they do. Exploration of such competencies, when it has deviated from general intelligence, has centered mainly on social problem-solving skills and abilities that are often broadly grouped under the concept of social intelligence. Social intelligence involves understanding how to convince others to do things, how to manage power relationships, and how to manage power relationships, for example (Mayer, Salovey ; Caruso, 2000). Given the rich affective content of social situations and problems, researchers such as Salovey and Mayer (1990) believe that emotional competencies are fundamental to social intelligence. In addition, some investigators (e. g., Showers and Kling, 1996) believe that peoples self-knowledge and inner life is fundamentally influenced by emotional competencies. In this context, emotional intelligence seems to be more focused than social intelligence. Emotional intelligence relates directly to emotional phenomena, and can similarly be applied to a wide variety of emotional situations and problems entrenched within both interpersonal and intrapersonal experience (Epstein, 1998; Saarni, 1997; Salovey Mayer, 1990). There is much criticism from proponents of traditional notions of IQ however, as to the validity and relevance of emotional intelligence (where did those refs go). The modern interest in emotional intelligence stems from a dialectic in the field of human abilities research that resonates with the same tones as that of the centuries long reason vs. .u5ef543d4b0880af3c0cc2afb1b8a7d42 , .u5ef543d4b0880af3c0cc2afb1b8a7d42 .postImageUrl , .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text-area { min-height: 80px; position: relative; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 , .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover , .u5ef543d4b0880af3c0cc2afb1b8a7d42:visited , .u5ef543d4b0880af3c0cc2afb1b8a7d42:active { border:0!important; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .clearfix:after { content: ""; display: table; clear: both; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:active , .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text-area { width: 100%; position: relative ; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:hover .ctaButton { background-color: #34495E!important; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5ef543d4b0880af3c0cc2afb1b8a7d42 .u5ef543d4b0880af3c0cc2afb1b8a7d42-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5ef543d4b0880af3c0cc2afb1b8a7d42:after { content: ""; display: block; clear: both; } READ: Bowling: A Growing Sport Essay emotion debate. The conflict between reason and emotion The tension between exclusively cognitive views of what it means to be intelligent and broader ones that .

Financial Accounting of JB Hi-Fi Limited Australia †Free Samples

Question: Discuss about the Financial Accounting JB Hi-Fi Limited. Answer: Introduction JB Hi-Fi Limited is a publicly-listed company on the Australian Stock Exchange and a fast growing retailer of consumer goods and home appliances which include hardware and electronics. Its head office is in Melbourne and has 112 stores in the whole of Australia and New Zealand. Its competitors include Target Australia, Big W, Harvey Norman and David Jones (JB-Hifi, 2016). The Annual Report for the financial year ending 30 June 2016 has been referred to for the purpose of this assignment. Total value in the consolidated financial statements the following items at the end of the year Account Head Total Value as on 30 June 2016 ($000) Cash Cash Equivalents 51,884 Inventories 546,437 Sales Revenue 3,954,467 Other Income 546 Plant Equipment 183,570 Interest Expense 3,857 Sales Marketing expenses 404,575 Occupancy expenses 173,792 Trade Other payables 384,928 Borrowings (Non-current) 109,736 Normal balance for each of the accounts Account Head Normal Balance Affect on decrease Cash Cash Equivalents Debit Balance Credit Side Inventories Debit Balance Credit Side Sales Revenue Credit Balance Debit Side Other Income Credit Balance Debit Side Plant Equipment Debit Balance Credit Side Interest Expense Debit Balance Credit Side Sales Marketing expenses Debit Balance Credit Side Occupancy expenses Debit Balance Credit Side Trade Other payables Credit Balance Debit Side Borrowings (Non-current) Credit Balance Debit Side Accounts that are affected Apart from the dual impact of debit and credit, the multiple impacts of this debit and credit on other accounts has also been analyzed and presented below. Cash Cash Equivalents Increasing Cash and Cash Equivalents is possible by increasing the revenues, other incomes or reducing the expenses. The impact of this is seen by the way of increase in the profits which is further attributed to the owners in the form of Reserves and Retained Earnings (JB-Hifi, 2016). The increase in Cash and cash equivalents can also be invested in current or noncurrent assets and utilized in acquiring tangible assets like Inventories and Plant and Equipment (Horngren, 2013). Similarly, the increase in Cash and Cash Equivalents can also be utilized to pay off the current liabilities like Trade and other payables or noncurrent liabilities like Borrowings. Inventories The increase in inventories will decrease the balance of Cash and Cash Equivalents due to the investment required for the same (Portor Norton, 2014). In the Statement of Profit and Loss Account, the balance in Closing Stock will also increase. If the inventories have been acquired on borrowed money, then the finance costs in the form of interest expenses will also increase. If the inventories have been purchased on credit, then the balance of Trade and other payables will increase accordingly. Sales Revenue Sales Revenue increase has a direct impact on shooting up the profits. But there will be additional costs involved to achieve this increased revenue in the form of an increase in the cost of sales, selling and marketing expenses, administration expenses, and other expenses (JB-Hifi, 2016). This increase in profits will lead to increase in the balance of retained earnings and reserves. If the increased sales revenue has been achieved in cash and cash equivalents, then the cash balance will increase (Berk et. al, 2015). Else if the increased sales revenue is achieved on credit basis, then the balance of trade and other receivables will increase to the corresponding extent. Other Income Other income comprises of the items that are not directly sales revenue. But the nature and impact of an increase in other income is similar to that of sales revenue. There are not much direct and indirect costs involved for increasing other income as it is mostly earned in connection with the other business activities. If some nominal expenses are incurred, then this increase in other income will lead to an increase in such expenses (Subramanyam Wild, 2014). The profits will increase to reflect the impact of increased other income and the balance of Reserves and Retained Earnings will increase accordingly. In most cases, the other income is earned in cash (Brealey et. al, 2011). So the balance of Cash and Cash Equivalents will also increase accordingly. Plant and Equipment Plant and Equipment forms a part of the Non-Current Assets. To acquire plant and equipment, the cash balance is required, so the Cash and Cash Equivalents will decrease to that extent. The increase in plant and equipment will also lead to increase in depreciation expense. The related expenses are occupancy expenses, administration expenses which cover insurance expenses and the running costs involved. If more staff is required to be employed for operation of the Plant and Equipment, then these costs will increase accordingly. If the Plant and Equipment have been acquired on credit, then the borrowings will increase and the associated finance costs in the form of interest expenses will also increase (Berk et. al, 2015). The immediate impact of this increased investment in Plant and Equipment cannot be seen but the long term impact is seen by the increase in revenues and profits. Interest expense (Financial costs) Interest expenses increase when additional capital is required for the business and borrowings have been opted for the same (Guerard, 2013). Hence the increase interest expenses can be directly linked to the increased borrowings. Interest is also levied on the taxes due which are included in the current taxation liabilities. If this additional capital and increased interest expenses have turned out to be favorable for the business, then the increased sales revenue is seen. Else the increased interest expenses will bring down the profits. Sales and Marketing expenses Sales and marketing expense are incurred to achieve a higher sales revenue and in turn higher profitability for the business. Hence increase in these expenses will lead to increase in Sales Revenue (JB-Hifi, 2016). As expenses are incurred, the payment for the same is either in cash or on credit basis. This will lead to a reduction in the balance of cash and cash equivalents or an increase in the balance of the trade and other payables which include all the current and short-term liabilities payable by the company. Occupancy expenses This refers to the costs incurred for acquiring additional office spaces or such other areas of business operation. The increase in occupancy expenses leads to a decrease in the balance or cash and cash equivalents and an increase in the balance of trade and other payables (Christensen, 2011). Apart from this, all the other administration and operational expenses are set to increase due to the additional costs to be incurred for running a business from the additional spaces. The impact of this can be seen by the increase in the revenue due to the increased sales achieved and the corresponding increase in profits if the additional business spaces turn break even and get converted into profitable areas of operation (Deegan, 2011). Trade and other payables Trade and other payables increase due to the purchase of goods or acquisition of services on credit. It reflects the balances outstanding and payable by the company (Graham Smart, 2012). As payables have increased, the cost of sales which includes the purchases will also increase. Apart from this, every other item of expenses or cost which is kept outstanding like employment expenses or marketing expenses or administration expenses will all get reflected as an increase in the other payables (Davies Crawford, 2012). The benefit of this is that the immediate cash balance will not get impacted as the payment has to be made in intervals and so the balance of cash and cash equivalents will be relatively higher to this extent (JB-Hifi, 2016). Borrowings (Non-current) The increase in borrowings will increase the cash balance in the first place as it is similar to the introduction of additional capital and finance for the business (Shah, 2013). This additional cash can be utilized by the business in many ways which are either the acquisition of current assets like inventories and noncurrent assets like plant and equipment or such other investments (Albrecht et. al, 2011). Accordingly, the balance in each of these accounts will increase based on its utilization. The cash can also be used to incur expenses like occupancy expenses, selling and marketing expenses, so on and so forth and based on the utilization, these account balances will increase accordingly. Apart from this, every additional capital comes at a cost; hence the increase in borrowings will increase the finance costs in the form of interest expenses (Choi Meek, 2011). Thus increase in borrowings has the impact of increasing or decreasing the profits based on the matching of the incomes and expenses for which it is used. Conclusion As the financial statements are connected, every business transaction has dual impact namely debit and credit. So the impact of increase or decrease in each of the items mentioned above is seen both in the Statement of Profit and Loss and in the Statement of Financial Position. Every account is connected to other accounts both directly and indirectly. But it is difficult to trace the direct impact of the increase to any specific account and hence the impact and various possibilities in each case have been discussed. References Albrecht, W, Stice, E. Stice, J 2011, Financial accounting, Mason, OH: Thomson/South-Western. Berk, J, DeMarzo, P Stangeland, D 2015, Corporate Finance, Canadian Toronto: Pearson Canada. Brealey, R, Myers, S Allen, F 2011, Principles of corporate finance, New York: McGraw-Hill/Irwin. Choi, R.D Meek, G.K 2011, International accounting, Pearson . Christensen, J 2011, Good analytical research, European Accounting Review, vol. 20, no. 1, pp. 41-51 Davies, T Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Graham, J Smart, S 2012, Introduction to corporate finance, Australia: South-Western Cengage Learning. Guerard, J. 2013,Introduction to financial forecasting in investment analysis, New York, NY: Springer. Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W: Pearson Australia Group. JB-Hifi 2016, JB-Hifi Annual report accounts 2016, viewed 11 May 2017 https://www.jbhifi.com.au/Documents/2016%20JB%20Hi-Fi%20Annual%20Report_ASX.pdf Porter, G Norton, C 2014, Financial Accounting: The Impact on Decision Maker, Texas: Cengage Learning Shah, P 2013, Financial Accounting, London: Oxford University Press Subramanyam, K Wild, J 2014, Financial Statement Analysis, McGraw Hill

Road Safety Essays - Road Safety, Road Transport,

Road Safety ROAD SAFETY It has been statistically shown that during the past five years, the number of fatalities and injuries associated with road accidents are steadily increasing. Fatalities due to road incidents have now reached a grand total of 181 (1999), significantly greater than its total, five years ago, in 1995, which was 105. Since 1995, road deaths have increased by an average of 14 people per year. This type of carnage impedes the positive growth of our country and needs to be stopped. I think the most important factor that needs to be looked at in our goal to sustainable development is social responsibility. That is, drivers need to have a responsible attitude and a level of maturity when given this privilege. The attitude of drivers plays a major role in road safety. Drivers need to be cautious, and sensitive to all the rules and safety regulations of the road. Safe habits need to be adopted and practised constantly. Drivers must take responsibility for their condition at all times. For example, if some external stimuli affects normal bodily activities, such as normal vision or normal reaction time, for example, alcohol or drugs, drivers should not drive. Drivers who feel sick, tired, or upset should also not drive during these periods. If drivers use corrective lenses, these should always be worn. All these are elements of social responsibility. It must be understood by all drivers that driving is the privilege of mature, responsible individuals who need to recognise that things such as these are potentially dangerous, if not taken seriously. Road rules such as speed limits and no parking zones also need to be strictly adhered to by drivers. Due to drivers disobeying these simple rules, they significantly increase the risk of accidents and make it difficult for other drivers in the process. Typical examples of drivers practising very unsafe habits in Trinidad are drivers who cut people off in traffic, because they are in a hurry and drivers who make sudden lane changes or attempt to outrun yellow lights. Drivers however are not the only ones to be blamed. Drivers cannot effectively drive safely in unsafe conditions. For this reason, next in line of importance when addressing safety on roads is general infrastructure of the country. Roads should be properly maintained in order to function safely and efficiently as means of allowing transport to take place. Impediments on roads cause drivers to lose control over their vehicles and force drivers to make illegal moves. If impediments such as potholes, stones, tree branches etc. are present drivers would need to infringe upon traffic flowing in the opposite direction in order to pass. Should these impediments be remedied, roads will be made safer to a significant degree. Maintenance of infrastructure should also include properly functioning lights on roadsides for night drivers and properly maintained street signs and traffic directing arrows. Many accidents are caused due to improperly lighted streets. Drivers are unable to see oncoming vehicles in time and thus collide. Some streets have improperly functioning lights while some street have no lights at all. This is a major safety breach. A great many accidents are similarly caused by vandalised or missing street signs. Drivers who are familiar with signless routes will tend to drive at a confident speed while unsuspecting novice drivers to the same route might turn to go the wrong way on a one way street and this could result in loss of lives. Good infrastructure is a necessity in the area of safe driving. Areas of congestion are also common key locations of road injuries. Congestion tempts drivers to make illegal and dangerous turns, violate road laws and also provides temptations such as overtaking in critical areas, such as intersections, which is definitely harmful and dangerous. Problems such as these can be solved by the introduction of traffic wardens in key locations who will regulate the passage of vehicles and thus ensure a smooth, freely flowing line of traffic which avoids putting temptation before drivers. Another alternative is making aware to the public, other routes which enable drivers to reach the same destination. This will altogether avoid the problem of congestion and reduce harmful road incidents. Sometimes, congestion is caused by avoidable reasons such as too many businesses located

Policy Paper on Oil Conservation

Policy Paper on Oil Conservation Introduction Back in 1973, the country was hit by oil crisis that left all individuals in a quagmire. This was a wake up call for various stakeholders to take necessary action that amounted to imposing National Maximum Speed Limit, down sizing automobile categories and enacting National Energy Acts among other (Juhasz 237). However, it is still evidence that more needs to be done to help arrest the problems of energy in the country.Advertising We will write a custom essay sample on Policy Paper on Oil Conservation specifically for you for only $16.05 $11/page Learn More This is because the need for energy not only in the country but globally is growing exponentially calling for a review of the policies in place as well as coming with new ones. Considering the current trend on energy consumption especially from oil, there is need to conserve it or else we risk coming to a stand still in terms of economic growth due to lack of energy. Needs section As suggeste d by Juhasz 42 tremendous increase in human population has an automatic effect on increased amount of energy need. A larger population will need energy for lighting their houses, during construction of new buildings, a larger amount of energy is consumed, and there is increased need for transport among others. All these put pressure on the available energy resources. Unfortunately the problem facing BP since last year has made it a challenge for oil products to be available (Brune 207). The environment has been negatively impacted as a result of the oil spill forcing the company into legal suits where they have parted with lots of money that could have been used to better oil conservation, processing and storage. Political instability in a number of OPEC countries has negatively impacted on availability of oil forcing prices to sky rocket due to short supply. For instance countries such as Egypt and Libya have experienced political instability which has seen to it that oil supply ha s declined. There are studies that have shown that there is a decline in oil reserves. The amount of oil resources underground has been deemed to decline at an alarming rate and in the near future, there will be no more underground reservoirs of oil. It is no doubt that this has been influenced by the raising demand of the energy source (Brune 37). Another area of concern when it comes to oil conservation is the manner with which the rich in the society have absolute control on the resource. In the major countries that are top suppliers of the product, there are a few rich individuals who dictate how the product is to be priced, supplied, transported among other attributes. This negatively influences impact on the consumers. Lastly, oil as a source of energy compared to other sources is heavily depended on. This kind of over-reliance is a threat to it being available in the future (Madison par. 4). Policy section Having in mind that the demand for energy will continue growing; to he lp propel the growth of the economy there is need to come up with steps that will help conserve oil. One major way to do this is to solicit for alternative sources of energy. Despite the fact that 80.0% of transport and industrial sector depend on oil, having in place other sources of energy especially from bio fuel, solar energy, nuclear and more so the renewable sources is called for. This will not only help ease the pressure on oil as a source of energy but also save our environment from carbon emission which depletes the ozone layer (Jochem Dadi 26).Advertising Looking for essay on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Although there are areas that can be a challenge to curb energy consumption as a result of increased human population, it can be rational if American would embark to utilize public transport (Hakes 83). Additionally bikes can be used. This proposal has been refuted by some of the American on the grounds that their comfort is interfered with. If adopted, this will cut down on the amount of oil consumed (Madison par. 2). Additionally, policy aimed at encouraging manufacturing of vehicles that are energy efficient as well as those that can use electricity will help in efforts of conserving oil. This can be attained in various ways; for instance government providing the manufacturers with incentives which will in turn make such vehicles cheap and affordable to the citizen (Maass 74). Similarly tax incentives for those who buy these kinds of vehicle will encourage Americans to purchase them. Provision of funds by the government to be invested in areas such as alternative energy sources for instance solar, building more oil storage will go an extra mile in helping conserve oil energy. A part from giving incentives to manufactures of cars to develop energy efficient ones, the funds can also be used in capacity building on how best to conserve energy. Funds can also be pumped in the field of research aimed at coming up with strategies to conserve energy especially from oil. There is also need to preserve the oil resources that are under our water bodies. There is also room for the relevant stakeholders such as suppliers and distributers to adopt most efficient channels of supplying the product. This will help in ensuring that there is no wastage and the products reach the consumers on time. Lastly, Americans need to re-introduce breed reactors (Maass 61). Benefits section According to Jochem Dadi 91 there are a number of benefits associated with the policies brought forth in this paper. One major one is that oil as a source of energy will be made available in the future to continue support the economic growth of the country. It is worth to note that the future generations will also have an opportunity to utilize the same product. Similarly, with other alternative sources of energy such as bio-fuel and solar energy pressure on oil will ease (B rune 121). Additionally, there will be efficient use of energy resources hence minimizing waste. Another advantage of conserving oil is the protection of the environment. With other sources of energy emission of green gas will be minimized hence curbing the concern of global warming. Conclusion From the review of oil conservation, it is evident that there a number of problems such as population increase, war and political instability in countries constituting the OPEC among others.Advertising We will write a custom essay sample on Policy Paper on Oil Conservation specifically for you for only $16.05 $11/page Learn More With these issues, there is need to come up with policies that will help conserve oil such as encourage use of public transport or using bikes, come up with other alternative sources of energy, government providing funds to help in capacity building and incentive to car manufactures to mention but a few. The benefits of the policy include eff icient energy consumption, conservation of environment and future availability of the resource to the future generation. Brune, Michael. Coming Clean: Breaking Americas Addiction to Oil and Coal. Oxford University: OUP, 2008. Print. Hakes, Jay. A Declaration of Energy Independence: How Freedom from Foreign Oil Can Improve National Security, Our Economy, and the Environment. New York: Wiley Sons, 2008. Print. Jochem, Eberhard Dadi, Zhou. Realizing the Potential of Energy Efficiency: Targets, Policies and Measures for G8 Countries, 2007 globalproblems-globalsolutions-files.org/unf_website/PDF/realizing_potential_energy_efficiency.pdf Juhasz, Antonia. The Tyranny of Oil: The Worlds Most Powerful Industry- and What We Must Do to Stop It. New York: Sage, 2008. Print. Maass, Peter. Crude World: The Violent Twilight of Oil. New York: Wiley Sons, 2010.Print. Madison, Lucy. As Republicans Push for More Offshore Drilling, Democrats Plan Vote on Repealing Tax Breaks for Oil Companies, 2011 https://www.cbsnews.com/news/as-republicans-push-for-more-offshore-drilling-democrats-plan-vote-on-repealing-tax-breaks-for-oil-companies/Advertising Looking for essay on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More

Capstone Experience (Business Metrics) 2 Assignment

Capstone Experience (Business Metrics) 2 - Assignment Example Current ratio helps in calculating the firm’s ability to pay its short-term liabilities. It is calculated by dividing the current liabilities with the current assets (Mowen, Hansen, & Heitger, 2011). Using the on time delivery indicator to predict stock-out helps in measuring the operational efficiency of the business unit (Bidgoli, 2010). This follows from the derivation of information that ensures that the unit maintains sufficient stock for its operations. The gross operating profit per available room measures the competitiveness of the unit. This follows from the use of the rates to give measures that can maximize profitability of the unit. The current ratio seeks to measure the decision-making capacity. It gives insight into the prevailing financial situation, thus prompting appropriate actions to safeguard financial stability. The business unit seeks to maintain good relations with creditors. Therefore, the current ratio helps the business unit to preserve the trust of the organization’s creditors, by showing when there is need to negotiate with them on payment. The gross operating profit per available room assists the business in seeking a competitive edge in its operations. More to these, the stock-out predictor aligns to the unit’s strategy of promoting customer satisfaction (Stair & Reynolds,

Briefly characterise neoliberalism and discuss its likely Essay

Briefly characterise neoliberalism and discuss its likely contributions to the mutiple contemporary crises---food,environment,finance and energy - Essay Example Liberal paradigm stems from the studies of Adam Smith, an outstanding economist of the late 18th century, who argued that minimization of government’s role in economic relations would facilitation growth of trade. The liberal economic model had dominated in national and international economic relations for almost two centuries until the new Keynesian model took over in the 1930s. This model advocated interventions of the state in economic relations and proved its efficiency helping effectively rebuild European economies after the devastating world wars. However, despite the apparent success of Keynesian paradigm liberalism resurrected in the early 1970s with increasing numbers of economists supporting the claim that deregulation of markets, privatization and minimization of government intervention would foster further growth of the international economics. That resurrected model of economic liberalism was called neoliberalismii. Also known as ‘economic rationalism’, the neoliberal model â€Å"†¦has an interest †¦ to provide reason to limit government in relation to the market†iii and incorporates the â€Å"†¦beliefs in the efficacy of the free market and the adoption of policies that prioritize deregulation, foreign debt reduction, privatization of the public sector...and a (new) orthodoxy of individual responsibility and the â€Å"emergency† safety net - thus replacing collective provision through a more residualist welfare state†iv. In other words, neoliberalism stresses the role of self-conduct in economic relations requiring individuals to exercise more power and control over their life and well-being. This is often called ‘the entrepreneurial self’v. Government that promotes neoliberalism stimulates individual to adopt highly practical and rational relationships to themselves without limiting their freedom in economic relations. Therefore, this model

Regression Analysis Models for Marketing Decision Making Essay

Regression Analysis Models for Marketing Decision Making - Essay Example Regression analysis is a statistical technique that determines linear relationships between two or more variables. Businesses mainly use regression as a causal inference and for predictions. The major regression models available are linear regression model, non-linear regression model, logistic regression and multinomial logistic regression. Simple regression models use only two variables to achieve a particular statistical result. Multiple linear regression is a regression that applies more than two variables. Logistic regression procedures in quantitative statistics will produce all predictions, residuals and influence statistics. Logistic regression also produces goodness-of-fit tests using sales and marketing data in the case where it has to make predictions for the marketing department. The goodness-of-fit tests are created at the individual case level, and this is regardless of methods of data insertion and whether or not the number of covariate patterns is lesser than the total number of instances in question. On the other hand, multinomial logistic regression procedure aggregates all cases internally to form subpopulations with identical covariate patterns for the predictors, residuals, and goodness-of-tests. Non-linear regression is a quantitative statistical method of finding a nonlinear model of the relationship between the dependent variable and a set of several independent variables. Current non-linear models can be used to estimate models with arbitrary relationships between dependent and independent variables. Iterative estimation is mostly used to achieve non-linear regression. Predicting future marketing trends is business is an essential requirement for the management if they have to beat the competition. This is because a lot of the data is available for use by business nowadays due to advancements in technology like the web that collects a lot of statistical data for analysis. The primary problem facing businesses is identifying the  optimal data analysis model to use in the analysis the quantitative data and getting valid information for predicting the future marketing trends.