Fences Play According to Aristotle Essay

Using Aristotle’s descriptions of Tragedy, I classify Fences by August Wilson as a tragic play. The elements of tragedy, Troy Maxson as a tragic hero, and tragic plot were evident throughout the play. Also, the feeling of catharsis at the end-which is proper of tragedy, was clearly identifiable. I. Fences fits into the tragic genre based on the points given by Aristotle. In Poetics, he defines tragedy as â€Å"the imitation of an action that is serious and also as having magnitude, complete in itself.† †¢ Aristotle’s idea is that the plot has a beginning middle and end and all parts follow each other in concise fashion. o In the beginning, the hero is a garbage man, who previously was given a chance to participate in professional baseball, becomes the first black to drive a garbage truck, is loved by his wife, looked up to by his friend, Bono and receives demanded respect from his sons Lyons and Cory. o In the middle, the hero confesses to his wife that he is going to be a daddy to another woman’s child. He struggles with his son Cory and ultimately loses the love and respect of his family. He needs to ask Rose to help him raise his baby and be her mama. He also admits to the infant that he is scared. Act II Scene 3 p. 73 â€Å"And right now your daddy’s scared cause we sitting out here and ain’t got no home.† o In the end, the hero dies. By then a lonely man who is no longer respected by his family nor has the admiration of his friend. Troy’s believes fate is his downfall. He thinks the color of his skin is the decisive factor in the workplace, the playing field and the street. (Pereira 42) †¢ A complex plot includes reversal and recognition. o Troy is happy and stress free when with Alberta. Even when he tells Rose, she continues to stay with him until later when she issues an ultimatum. Act II Scene 1 pg. 66 â€Å"†¦I’m responsible for it. I locked myself into a pattern trying to take care of you all that I forgot about myself.† His belief of providing for his family and his refusal to accept that other people had ideas and times were changing kept him stagnant in life. o Alberta then dies during childbirth. Troy sees how he has lost everything and challenges death to stay away until it is ready to take him. II. Using Aristotle’s description of a tragic hero in Poetics, Troy Maxson,  the main character in August Wilson’s play, Fences, is an example of a tragic hero. †¢Aristotle describes a tragic hero to be a â€Å"man who is not eminently good and just, yet whose misfortune is brought about not by vice or depravity, but by some error or frailty†. This means the hero need not be perfect nor a villain, but basically good and decent. His downfall usually results from a tragic flaw or error in judgment, not due to wickedness. †¢ In Chapter 15 of Poetics, Aristotle says â€Å"the character will be good if the purpose is good†. o Troy’s intentions for his family are good. He provides a paycheck to his family, handing the money over to Rose each Friday, he wants Lyons to get his own job and support his wife and stay out of trouble, and he wants Cory to be educated and find a good job to support himself. o Act 1 Scene 3 pg. 39-40 â€Å"†¦Itâ €™s my job. It’s my responsibility! You understand that? A man got to take care of his family. You live in my house†¦sleep you behind on my bedclothes†¦fill you belly up with my food†¦cause you my son. You my flesh and blood. Not cause I like you! Cause it’s my duty to take care of you†¦Ã¢â‚¬  †¢ Aristotle says â€Å"the second thing to aim at is propriety†. o In the book, August Wilson, The African-American Odyssey, Kim Pereira says â€Å" Troy becomes a slave to bitterness which stunts the development of his full potential as a father, husband and friend. â€Å" o Troy’s believes responsibility is the greatest virtue and his aim is to be a provider for his family. While Troy’s behavior is dominating and unaffectionate, his aim is to be the provider of his family and to make sure that they do not suffer the injustices he did. o â€Å"If a hero is one who goes into a battle that he may or may not win, Troy Maxson possesses, in full measure, the †¦warrior spirit†¦he wants complete satisfaction or nothing at all. The promise of change is empty; he cares only about change itself†¦The so-called realities of the social world around him matter little, for he dances to an internal rhythm, answering a call for self-authentication that springs from a cultural, even cosmological, dimension.† (Pereira 38) †¢ Aristotle then says in his descriptions, â€Å"Thirdly, character must be true to life: for this is a distinct thing from goodness and propriety, as here described.† oTroy fits a character who would have lived in the 1950’s, having experienced discrimination, an abusive father and a changing society towards African-Americans in that period. o Troy says in Act 1, Scene 3 pg. 37 â€Å"†¦The white man ain’t gonna let  you get nowhere with that football noway.† Troy’s beliefs ran true to his experiences all through the play. †¢ The last characteristic of a tragic hero is that he must be consistent. o Troy was consistent in his belief that the black man could not get ahead in America. o He behaved and learned from the examples given by his own father. o â€Å"The events of almost a century had underscored the distinction between de jure and de facto. Legally, blacks had been free for ninety four years, but practically they had little or no access to any of the benefits that ordinary citizens take for granted-recourse to the law, equal employment opportunitites, education.† (Pereira 36) III. Troy’s tragic flaw is in trying to protect his family and discover himself in the process. His frailty is colored by his experience with racism (especially in professional sports) and his inability to accept that times are changing. †¢ Troy says Cory should make his own way in the world, but it is he who won’t let him take a chance. †¢Troy’s desire to prevent his son succumbing to the same outcome in sports ends with Troy trapping him into the same lifestyle by not allowing him to grow and refusing to believe that times have changed. o â€Å"I don’t want him to be like me! I want him as far away from my life as he can get†¦..I decided seventeen years ago that boy wasn’t getting involved in no sports. Not after what they did to me in the sports† (39 Fences). †¢ Troy’s excuse for betraying Rose is because he has been standing on first base for ever. He doesn’t relate this to anyone else in his family who have stood right behind him. †¢ â€Å"Troy has inherited the legacy of fear of emotional commitment†¦Troy has never learned to receive and give true love† (Monaco) IV. â€Å"Despite his flaws, or, perhaps, because of them, he taught his family how to â€Å"take the straights with the crooked†; to recognize and play to their strengths; â€Å"not to make the same mistakes†¦to take life as it comes along and keep putting one foot in front of the other.† As all of them move toward their individual destinies, they have a surer sense of who they are and a greater instinct for survival because of Troy Maxson.† (Monaco) †¢ â€Å"Like his father, Cory believes that denying his father is the â€Å"way to get rid of that shadow† (Fences 89). o When Cory decides to go to the funeral, he has come  to accept his father’s faults and looked to the man himself. Singing the song of Blue with Raynell†¦..Cory demonstrates that he can embrace the song of his father without becoming his father. (Monaco) †¢ â€Å"†¦Wilson shows that it is only through the willingness to face and accept the forces of the past that the protagonists will be given hope, power, and ultimately, deliverance.†(Monaco) †¢ Troy is contained by death while the others are able to move on in their lives. o Cory has joined the Marines and is getting married, Rose is involved with church and raising Raynell, Gabriel is in the hospital, Bono is happily married to Lucille and Raynell has a family. Troy is contained by death. The play Fences definitely fits Aristotle’s description of Tragedy. Troy Maxson was a tragic hero, although he gave us reasons to believe he was not worthy of this title. In the end, his lessons and actions are what spurred his family into survival and healing and gave them a positive outlook and the ability to move forward in the changing future ahead of them.

Hamlet: Context of the Original Version Essay

Shakespeare uses words in his plays that are often confusing to modern readers. His wordplays, however, are what make his works worth reading. That is why there are available resources that attempt to explain at least some of the context of Shakespeare’s words in his plays. One of these resources is a website that offers a translation of the original work into the modern language. The service is called No Fear Shakespeare. The translations, however, does not provide the experience that is brought to the audience that using Shakespeare’s words does. One of the plays that No Fear Shakespeare translates into the modern version is Hamlet. We shall examine and compare how the original version differs in context and complexity from the modern version using Act III scene 4. This is where Hamlet met Gertrude in her room and had killed Polonius. First, we examine that Shakespeare’s words, while may be used in its literal sense, is also used to refer to something else. In fact, the English language is full of connotations and metaphorical usage that it is often easy to undermine the context of Shakespeare’s words by modern readers. Hamlet and Gertrude’s exchange of words in the beginning of the scene, for example, use words that, when translated into modern version, lose their symbolic meaning. The word â€Å"offended† was translated into the word â€Å"insulted† which is not as effective or powerful in use as the original term. â€Å"Idle tongue† was translated simply into â€Å"foolish† and â€Å"wicked tongue† simply into â€Å"evil. † â€Å"Tongue† in the original context is used to refer to the characters’ manner of speaking. Thus, an â€Å"idle tongue† means that Hamlet was speaking without meaning, purpose or basis and â€Å"wicked tongue† while may mean to be literally evil, may also refer to something with mischief. One must remember that Hamlet is very critical about those around him, treating the other characters with suspicion. He knew that there are those who contrive against him and his mother does not escape his doubts. Thus, Hamlet’s use of â€Å"wicked† is more closely applicable to â€Å"mischief† than to â€Å"evil. † Fact is the term â€Å"question† may actually mean â€Å"doubt† in the original context. It is important to note that while the translations closely resemble the meaning of the original, it loses the power of the original. Hamlet also referred to Polonius, although he was unaware that it was Polonius who was behind the tapestry, as a â€Å"rat. † One might be easily led in the modern translation that Hamlet simply means to regard the person literally as a rat which justifies killing it. Those aware of the English language know that the term rat could refer to someone who is despicable, or an informer of sort, a spy perhaps. This meaning is reinforced when Hamlet regarded Polonius as an â€Å"intruding fool† later on. Hamlet also regarded Polonius as â€Å"wretched† and was translated into simply â€Å"low-life,† which hardly compares to the power of the original term that means someone who is in a very unhappy or unfortunate state. The term is also used to express anger, hatred or annoyance. Gertrude’s expression confronting Hamlet stating that he dared to â€Å"wag thy tongue in a noise so rude† was simply translated to â€Å"talk to me so rudely.† One could immediately see the richness of the original passage as compared to the translation. While the meaning of the phrase was preserved, the power and drama of the original was not. The use of figurative speech was also disregarded in the modern translation. For example, when Hamlet cried â€Å"Rebellious hell,† the apostrophe was omitted from the modern translation. The lines were translated not as if Hamlet was calling out to hell, hence, does not retain the richness and complexity of the original. It must be noted that the use of figurative speech makes a literary work an art, and the failure of the translated version to maintain its use in the original passage is a failure to meet the excellence exemplified by the original. The problem that exists in the modern translation of Shakespeare’s plays lies in the context of the meaning of the words, the mystery of its use, and the application of figurative speech. Shakespeare’s words are often richer in context and complex in meaning that it is also the reason of the difficulty to understand some concepts and messages in the play. The meaning, context and complexity of the words as used in the original version disappear when translated into the modern version. Modern versions of the text are usually taken in its literal sense, thus, the author’s real purpose in using the words disappear. Furthermore, the art of using words by applying figurative speech was not preserved in the modern version. Modern translations of the text, while easier to understand, fail to meet the complexities of Shakespeare’s words and come short in the richness of its context.

The correlation between organisational culture and security Essay

The correlation between organisational culture and security - Essay Example The extent to which organisational culture determines nature and perceptions of the security environment is both of practical relevance and theoretical interest. A highly typical scenario exists when choices about security have to be made by the management as an opportunity cost principle (Fennelly, 2003, p.364). The primacy and immediacy of such choices lie in the fleeting background of real and perceived threat perceptions by the organisation. Thus organisational culture converges on the logical premise that hidden threats to its own existence could be physical and real or/and perceived and unreal. The extent to which these conceptualisations will determine the response of the organisation depends on the organisational culture. When organisational culture is based on "a set of shared values and beliefs among a community or people", then perceptions about security and threats become more formidable because such perceptions acquire a larger dimension in the organisational context, including a costs versus benefits evaluation (MacCrie, 2007, p.230). Above all organisational culture is a theoretical construct with implications for the security of the organisation beyond the definable limits.Organisational culture presupposes a pattern of behavioural tendencies on the part of both internal and external stakeholders (Driskill and Brenton, 2005, p.12). Mutually beneficial behaviours and a system of corresponding rights and obligations presume that the organisation progresses through a complex network of sub-cultures that seamlessly integrate into a value-centric system. Internal and external relationships that exist at each level and layer, are presumably influenced by the quality and quantum of communications. This in turn has an impact on the organisation's security perceptions. An analogous situation exists in group relations where groups of individuals bound by their own internal rules, rights and obligations will still seek to establish contacts with others. At the individual organisational level this behaviour is subject to a renewed concern for security and an ever increasing awareness of threats. As Schein puts it, "Culture is an abstraction, yet the forces that are created in social and organisational situations that derive from culture are powerful" (Schein, 2004, p.3). Mullins, on the other hand, states that an organisation pursues its goals based on an underlying ideology or philosophy, based on beliefs, values and attitudes. Within the organisation, culture is a pervasive influence over people's behaviour and actions, and reflects in the performance of work - what is not acceptable and what behaviours and actions are encouraged and discouraged. It can also include traditions, values, beliefs and attitudes (Mullins, 2007, p.531). Mullins places emphasis on the objectivity of culture influence and also attributes some ideological characteristics to it. Finally organisational goals,

Describe the technical and ethical considerations with personal Essay

Describe the technical and ethical considerations with personal information being shared by Google on the web so that consumers are targeted based on their likes - Essay Example Consumers are also bombarded with emails from manufacturers or companies that continuously trail their interests. Some companies even go as far as to intercept people’s email messages and this makes such an act a great infringement of rights to privacy (Lin, 67). The threat to freedom posed by companies trailing internet users for their consumer clients takes a toll on internet users in that they lose their dignity and spontaneity (Lin, 79). It is not fair for Google to share its client’s information with manufacturers or companies, especially if the information is confidential. Many internet users have put their faith in the company that whatever information they provide on Google as private will be kept that way, private (Lin, 88). With enough evidence that Google may be sharing confidential user information, clients of Google may lose faith in the search engine so as to withdraw their usage of the site. This may hurt the company’s reputation hugely and even cause grate financial troubles (Lin,

HMI Systems Research Paper Example | Topics and Well Written Essays - 2000 words

HMI Systems - Research Paper Example These human machine interface systems do give people ability to control operations, a system or processes. They incorporate all the necessary features enabling a user to touch, hear, see, or even use them to do certain control operations while receiving instant feedback at the same time. An environment of harmonious and efficient process is created. Communication with these machines is achieved in various ways and the most dominant ones are through hard wired connections, wireless or Wi-Fi connections or even serial bus connections. The technologies used in these connections to link the applications to HMI would be of greater impact on the operator and the whole system. Most of the time, it is required that these HMI machines are given the right instructions in order to ensure effective performance and avoid disasters. They work on the simple analogy of ‘garbage in garbage out’ where if bad data is fed in, bad information is processed and disseminated. Communication is a n important tool and if not well used, it could be the source of serious problems in any operation1. Tenerife airport disaster of 1977 involving two Boeing 747 passenger aircrafts could mainly be attributed to poor communication and other leadership issues that were not addressed in time. This paper takes a look at the horrific crash from the perspective of a manager and tries to establish its metaphorical aspect in terms of leadership during turbulent times; considers the barriers to effective decision-making process; actions the pilots of both aircraft should have taken to avoid the crash; translation of these actions to successful corporate leadership; and derives certain fundamental lessons that should be learnt from this incidence. Leadership is a simple term but its effects are very great and might define failure or success of any business or operation. The effects of poor leadership are always very detrimental. 2.0 Antecedent events and final details of the March 27, 1977 cra sh of KLM 4805 and Pan Am 1736 at Tenerife in the Canary Islands These two aircrafts had been diverted from Gran Canaria Airport following a bomb explosion. The fear of further bombings led to many aircrafts being parked along the taxiway and thus blocking it. A very dense fog developed and these added problems to the already worse situation since visibility was highly reduced and the aircrafts could not locate each other and the controller normally at the tower also failed to see the taxiway and there was no radar on the ground. Only voice reports via could be used to communicate with pilots. There was total miscommunication during takeoff and the pilot of KLM tried taking off. The runway was also obstructed by the refueling vehicle and the KLM aircraft which made it hard for the Pan Am aircraft to get around the fueling point. Routine procedures for takeoff were done by the KLM captain and the co-pilot did advice the captain that they had not been given the ATC clearance after he witnessed the maneuver and he was told to

My job in futuer Essay Example | Topics and Well Written Essays - 1250 words

My job in futuer - Essay Example Communication must be sent and received if it is to be effective. Whether the relationship is within a family or in the workplace, skills such as showing empathy, listening and being sincere will determine if the relationship is a happy one or one that is full of stress and misunderstandings (EÄŸec and Genà §Ãƒ ¶z, 2006). I have had many successful and happy relationships at school and at home. I have always believed that honest communication without conceit or arrogance is the best way to gain friends and followers. Letting employees know that is acceptable in a clear manner helps them to understand why something they have done might be unacceptable if that situation arises. The final skill that I have obtained that will help me to be a great bank officer is the ability to multi-task. A bank officer may need to act as a salesperson when talking to a customer, an analyst when changing a procedure that is not working and a marketing professional when making coordinated plans with a nother bank officer (Bank, 2006). Wearing many different hats and playing many different roles is something I have excelled at through my college career. I have had many different responsibilities to my family, friends and even an employer, not to mention what I had to do to accomplish my schoolwork. Having many different responsibilities is enjoyable for me and I am good at focusing on the task at hand.Being a good follower and a good leader, acting as an analyst, communicating clearly and multi-tasking are all a part of a bank officer's job.

Patriot act Essay Example | Topics and Well Written Essays - 2000 words

Patriot act - Essay Example While supporters of the law claims that the law is meant to aid the investigations and arrests of terrorists, its opponents argue that although the law was meant to improve security in the US, it has bestowed the government with too much power that threatens the civil rights and puts democracy at trial. The first account that faces the controversy of the Act involves they way in which the law was passed. The law was passed very quickly, barely one month after the September 11th terror attack. The deliberation of the provision of the act was done in less than 48 hours. This brings in the issue of whether the law was well discussed and evaluated before being passed by the congress. For any Act to be passed into law there is a need to have a comprehensive review of its impact and implication. The law has to be in line with other laws taking consideration of the possibility of contradicting other laws. For instance, the law gives powers to homeland security in regard to surveillance and search and seizure in its operations. However, this tends to contradict several civil liberties enjoyed in the country and which are guaranteed by the constitution. For instance, although the Patriotic Act allows the law enforcement the power to surveillance, search and seizure, the law seems to undermine the right to privacy. Although the constitution does not spell out on the issue of privacy, many Supreme Court decisions have supported the right to privacy. In addition, the power to invade ones premise to search without notification is seen as violation of people’s right to privacy (Greenwald, 2006). In another dimension, the law has also been viewed as an avenue to achieve other hidden agendas by the law enforcement agencies. For instance, instead of the law enforces invading suspects’ homes just for the search of terrorism activities, the law enforcers can take advantage and use the law to achieve their own personal goals. Additionally, it has been argued that the law

Nursing Learning Experiences Coursework Example | Topics and Well Written Essays - 1250 words

Nursing Learning Experiences - Coursework Example The study analyses the nine essential aspects that outline the results expected of graduates of baccalaureate nursing. The essentials enhance a nurse graduate to work in diverse fields because they oblige an individual to integrate skills, knowledge and attitudes developed from the study in his or her daily activities. The nine essentials are the key to nursing activities; they involve learning and portraying knowledge and skills in all aspects of nursing. Through this essential, nurses learn that good cohesion between a nurse and the community is very essential in nursing profession. It enhances success in most of the activities involving patient care. According to â€Å"The Essentials of Baccalaureate Education for Professional Practice† (2008), liberal education constitute broad understanding of wide scope of science, cultures, social practices, and ability to implement the learnt elements in overcoming complex problems and challenges. From this, it is evident that nurses d o learn that having broad understanding of different cultures as well as social practices assist significantly in offering nursing care to patients from different backgrounds. It is also evident that broad understanding of science as well as arts enables a nurse to solve complex problems and challenges associated with nursing care. It is evident that broad understanding of cultures as well as social practices enables a nurse to advance his or her leadership skills through intermingling with people of different societies and cultural practices easily.

Principles of Political Liberalism Article Example | Topics and Well Written Essays - 1000 words

Principles of Political Liberalism - Article Example In Political liberalism, all processes, the society revolves to further the ends of the individuals, who are considered as the center of all laws and institutions. Ranks imposed by the society and its institutions such as monarchy, government and businesses are held in less favor to the rights of the individuals to which the society and these institutions are based on. In Political Liberalism, it is the individuals who make the laws and norms of the society. Such characteristic is reminiscent although in a slightly different manner, of the previous ideas on social contract as thought of by Hobbes in his Leviathan and Rousseau in his treatise, The Social Contract. Basically, the social contract3 holds that it is the individuals who make the laws to which they agree to abide by, under the premise that individuals have the knowledge of what is best for them. In other words, while the individuals are the basis of the laws, the individuals who collectively agree to abide by the law are each under the rule of the said law and have equal rights regardless of age, sex, race, economic and social status. Whereas in classical liberalism, such as in Hobbes' Leviathan, social contract3 refers to the subordination of individuals to the sovereign, particularly the one who governs, to which they are bound to by the consent under the "contract", the modern Political liberalism's emphasis on individualism is in opposition to such stand. Rousseau, in his Social Contract, posits that each individual is a member of the collective and must submit not to the government but to the general will without regard to the individual interest, for the good of the society, thus, the term popular sovereignty. The principles of modern Political liberalism, however, are most commonly associated with the works and theories of John Rawl4. In general, the Political Liberalist theories of Rawl assume a position on justice as well as an idea of fairness that can be related to the economic game theory. It aims to provide answers to current issues on the political stability as a result of pluralism (Blunden 2003) by generating an ideal for a society founded on justice through concepts on citizenship and political education (Callan 1997). According to Larmore (1990), Political liberalism has been dealing with two main problems. One of which is the problem of defining the limits to the power of the government which by essence limits the freedom and respect accorded to each individual and thereby limiting the conditions in which each would be enabled with self-realization and fulfillment (Young 2002). Given the known plurality of ideas, which could almost always be contradicting, the problem lies in the difficulty in defining the limits to which the individuals can agree on (Young 2002). The second problem, according to Larmore (1990) is the identification of the ideas and values that would represent the general will or the common good. In other words, it is the presence and necessity of pluralism and diversity that makes the aims of Political liberalism difficult to achieve. The challenge to Political liberalism now is to create a set of principles that would target justice without impairing diversity. As it is, the principles of Political liberalism are set to avoid any threat to diversity and with consideration to such diversity that characterizes

Vietnam War - Paper Essay Example for Free

Vietnam War Paper Essay The Vietnam War was a conflict between the communist, North Vietnam and South Vietnam. In the wake of the Second World War western fears of a communist expansion throughout Asia were running high. The United States was concerned that if North Vietnam succeed and turned Vietnam into a communist state, neighboring countries were also likely to follow. As an ally of the United States and Australia’s involvement in South-East Asia Treaty Organization and the Australia New Zealand United States Security Treaty and the belief in forward defence Australia was an enthusiastic supporter of the American policy in Vietnam. The majority of Australians supported the countrys involvement in the Vietnam War in its early years mainly because of the threat of communism. Australia felt that if communism dominated South Vietnam it would be an even bigger risk to Australia because of the domino effect. If Vietnam fell into communism so will its neighboring countries including Australia. Australia did not want to fall into communism and agreeing to the request for help by South Vietnam, Australia supported the war and troops were immediately sent to Vietnam. The decision to send the army to Vietman was also made by the Older Australians which were part of the group called the Returned Servicemens League. These people believed in the idea of the Anzac Spirit and expected the younger generation to do their bit as they had during World War II. The Australian People and Liberal Party rallied behind the leadership of Menzies. Therefore, the Liberal Party was also in agreement with Australias involvement in the Vietnam War. In 1966, Australia warmly welcomed the visit of the American president, Lyndon Baines Johnson. The new prime minister of Australia enthusiastically declared that when it came to Vietnam, Australia was all the way with LBJ, which meant that Australia was willing to support the US in supporting the Vietnam War. The Democratic Labor Party at that time who split from the Labor Party had a very large Catholic membership and was also very anti-communist. It was also determined to oppose any ALP policies so it automatically supported the war. After the first announcement of sending troops there was a general support from the news outlets for the governments policy. This wasn’t the kind of support shown in Australia’s involvement in previous wars. There was little mention of words like heroic and more mention of words like grave  decision’. Many of the papers simply said Australia had no alternative, given its geographical position and its treaty commitments. The support was there, but it was muted and it tended to question the political situation in South Vietnam. Australian Catholics had been encouraged to see South Vietnam as not only the last democracy in South East Asia, but as a Catholic democracy. There was widespread support for the government of the Republic of Vietnam, even after the assassination of the Catholic leader Ngo Dinh Diem. At the same time as the Australian government made the announcement that it was sending troops, the Pope called for negotiations to take place in Vietnam for a peaceful resolution. Many Australian Catholics did not see the Popes announcement as any reason not to support the commitment of troops to South Vietnam and so they were in support. There was even a large section of the community who seemed to take no interest in what was going on in South East Asia. Many people believed Vietnam to be too far away for the average person to care about. They were quite unconcerned about the war and firmly believed it should be left up to the government and the army to sort out. Sending troops off to fight in wars was seen by many ordinary Australians as not only the right thing to do but as a good way of increasing Australias prestige in the world. This caused a lot of people to automatically support the government without really questioning if it was a good idea or not. On the contrary, there were many people and organisations that were against this war. Anti-war protests had been taking place in Australia since 1962 when the first military advisors had been sent in to Vietnam. Since then, protests had taken place for various reasons at various times, but it was not until the P.M.’s announcement in April 1965 to provide an infantry battalion for service in Vietnam for ‘further military assistance’ when protests really began to take shape. This opposition was a result of extensive media coverage, a unequal system of conscription and growing political consciousness. A lot of violent and gruesome footage of the war was broadcasted right into peoples homes every evening. Many protests were the result of this. Conscription introduced in November 1964 had forced young men to fight away from their home country. Many people saw this as unfair and wrong. This too caused a lot of controversy and many arguments were made against the government for  introducing this. The ALP was against the commitment of troops to Vietnam. The Labor leader Arthur Calwell had the unenviable job of responding to the government in parliament. Labor saw the war as essentially a civil one in which Australia should not get involved. Calwell did say that they would back the Australian troops and not deny them the support they would need. Many of the trade unions called the government support of Americas foreign policy in Vietnam diggers for dollars. They believed the Australian government was sacrificing the lives of Australian troops to ensure that America would boost the economy by spending more money in Australia. In response to this belief and the announcement of more troops being sent to Vietnam, unions wanted to hold work stoppages in protest. The Australian Council of Trade Unions followed the Labor Party policy of not supporting the war but not denying the soldiers support. In later years, no other group would be more associated with anti-war activities, but reaction in the universities immediately after the announcement. Educated university students didnt see the point in continuing a futile war. They thought that young men being forced to go to war was unnecessary, it disturbed their lives and the potential to live to their dreams. They also thought that the enormous amount of money used on the war should be spent on helping their own count. The fact that it was an overseas war and that it had nothing to do with us was another reason for opposition. The reason why they were opposing the war is because they considered that Australia is following USA blindly, it is not our war and they also didnt like the idea of young men being forced into war and innocent woman, elders and children being killed due to the war. There was also a large and angry anti-war movement growing. There were public draft-card burnings, student sit ins and large noisy group demonstrations when the American President, Johnson visited Australia. By the late 1960s a much stronger and more violent form of protest appeared. Protesters raided officers and campaigns were launched to persuade young men not to register for conscription. The Labor Party was against the conscription method, calling it unfair, and they had much support from the Australian public. We should stop following US policy blindly The women of SOS â€Å"put on their hats and gloves and carried their blue and white banners high to the army barracks, to court, to Parliament House, to the City Sq uare, and even, in 1969, to Vietnam itself. Most of the SOS members were  ordinary middle-class and working-class women, wives and mothers, who had no connections to the radical youth counter-culture, but they educated themselves and others on the situation in Vietnam and on the laws associated with conscription and conscientious objection. In the process, their politics became increasingly radical. Later, Following the success of the November 1969 Moratorium in the United States, a series of Australian’s groups opposed to the war in Vietnam decided to band together to put on a Moratorium in Australia. The demonstration in Melbourne, led by Member of Parliament Jim Cairns, had over 100,000 people taking to the streets in Melbourne alone. Across Australia, it was estimated that 200,000 people were involved. The second Vietnam Moratorium in September 1970 was smaller after more violence occurred. 50 000 people participated and there were violent incidents between police. Two hundred people were arrested in Sydney. The third moratorium in June 1971 were of nearly 100 000 people. By this time public opinion was beginning to turn assertively against conscription and Australian‘s involvement in the war. The intensity of the conflict in Australia over our involvement in Vietnam, and the issue of conscription, contributed to the election of a Labor government in December 1972. Twenty-three years of conservative Liberal government had ended. The new Prime Minister, Gough Whitlam, immediately abolished National Service and recalled the Australian army. As we see due to the fear of communism in Australia most Australian’s were ready to send troops to fight in Vietnam. However, as the war progressed and the society were starting to see all the pictures on TV and hearing so much soldiers are dying and sent overseas and that this war can’t be won, Australian’s started to do something about this. They went out on streets to protest, fig ht, and hold moratoriums and as a result of these conflicts the troops were called back after 10 years and 60,000 soldiers fighting in the longest war Australia had been part of.

Theories in Comparative Politics

Theories in Comparative Politics Michelle Elaine Mora Take Home Final Exam Section I: Identifications Necessary and Sufficient Conditions Necessary and sufficient conditions are causation conditions that became known as Mills Method.[1] Necessary and sufficient conditions are significant because they allow a scientific/cause/effect way to study politics. A necessary condition is defined as a circumstance where the absence in an event, the event cannot occur. It can also be present in the event, but the event can still not occur. For example, gas has to be present to start a car, but a car could still possibly not start if gas is present. A sufficient condition is defined as if the cause is present, the event must occur. The event could possibly still occur without the cause though. For example, if an alarm goes off in the morning, the person will wake up, put it is possible that the person will wake up regardless of the alarm clock. Necessary and sufficient condition is that the event will occur, if and only if, the cause is present. Social vs. Liberal Market Economy-Social market economy is defined as an economic system in which industry and commerce are run by private enterprise within limits set by the government to ensure equality of opportunity and social and environmental responsibility.[2] Features in a social market economy, are that it has highly coordinated business communities, strong unions, collective bargaining systems for wages, benefits and other workplace rights. A social market economy works in a large welfare state where there are extensive public precision of social welfare and employment protection. Example of a social market economies are Germany and Finland. A liberal market economy is one that is non-market based coordination; it allows for free market without government intervention. Features of a liberal market economy are it is uncoordinated, has a competitive business environment, weak union, utilizes fragment bargaining with labor and capital, and is a residual welfare state. Examples of a liberal market economy is the US and Canada.[3] Social and liberal economies are important because they provide two different ways to approach economy. Dictators Dilemma The dictator’s dilemma is defined as an authoritarian’s ruler’s repression on its citizens creates fear, which then breeds uncertainty about how such support the ruler has. In response, the rulers spend more resources than is ration to co-opt the opposition. The greater the repression, the greater the dilemma.[4] The dictator spends multiple resources on areas where they feel may have some sort of threat to the regime. An example of the dictator’s dilemma is in African authoritarian regimes in the 1960s and 70s, certain areas were lavished with infrastructure for the dictator to gain support. The dictators dilemma is significant because it explains how dictators never truly know how much support they have and helps understand how dictators try and gain/keep support for themselves to remain dictators. Cap and Trade System-The cap and trade systems, which is an incentive based system, is defined as a market based pollution control system in which the government sets an overall limit on how much pollution is acceptable and issues vouchers to pollute, to each company. Then each company is free to trade their vouchers.[5] For example, if one company faces high costs to reduce their pollution levels they can buy more pollution vouchers from other companies that are able to have low pollution levels at a low cost. Critique of the cap and trade system is that there will be a high level of pollution at certain sources. For example, if a company has high pollution vouchers and are located up river, the down river will have a high concentration of pollution. The cap and trade system is significant because it is one of the most successful incentive systems and it keeps pollution low. Four Types of Welfare Policy There are four types of welfare policy: means-testing, universal entitlements, social insurance, and tax expenditures. Means testing is when someone receives assistance because they have fallen below a certain income line. Means testing policy is funded through general taxation. Many know means testing as â€Å"welfare.† Examples of means testing in the US are SNAP and TANF. Universal entitlements benefits that all citizens receive equally. Universal entitlements are funded through general taxation, as everyone benefits from the policy. An example of universal entitlements in the US is education. As education level goes up, poverty goes down, benefiting every tax payer. Social insurance provides benefits to categories of people who have contributed to the public insurance fund. Examples of public insurance are social security, unemployment insurance, and disability. What people pay in, they get out. Tax expenditures are when the government gives th e citizen a tax break and does not collect taxes for a specific reason. Tax breaks are not paid for by direct government spending, rather by not receiving that money at all. It allows for a citizen to have more disposable income. An example of tax expenditures in the US is the earned income tax credit which aims to lower poverty. [6] Welfare policy is significant because it helps the general welfare of the state. Section II: Essays Essay 1- Comparative politics is defined as the study and comparison of domestic politics across countries.[7] Politics is defined as the struggle in any group for power that will give one or more persons the ability to make decisions for the larger group.[8] How we study politics has changed over the years and dramatic changes have occurred within the last fifty years alone. Greek philosopher Aristotle is seen as the first person to study politics as a science, but is politics really a science? In the beginning years, scholars who would study politics and government would study it in the same way as philosophy. Scholars mainly focused on describing the government rather than comparing, making generalizations, or offering solutions to problems within politics. This began to change with Aristotle began to research government. Aristotle began to compare research on existing political systems; he compared one hundred fifty-eight Greek city-states and determined the ideal political system. This was an empirical approach that could be verified and retested, making this the first scientific approach to politics.[9] It wasn’t until Nicolli Machiavelli that that the modern day scientific approach to political research began, 1,800 years after Aristotle’s research. Machiavelli’s approach wished to research different political systems of modern day governments but also to compare them to those of the past. Machiavelli then made generalizations about success and fa ilures of different political systems. Machiavelli work then offered solutions to predecessor’s mistakes. Machiavelli’s work was also empirical.[10] Even though Machiavelli is known as the first modern political scientist it wasn’t until the behavioral revolution in 1950-1960’s that scholars began to create theories and generalizations that could help explain and even predict political activity.[11] Throughout history the way politics is studied has changed dramatically, but is studying politics in a scientific way possible? Is it really science? Simply stated, yes, politics can be studied as a science. One can create a hypothesis, come to conclusions through qualitative or quantitative research, have independent and dependent variables, and make recommendations based on research all by using the same scientific method used in hard sciences such as biology and chemistry. An example of research using the scientific method is â€Å"The Correlates of Nuclear Proliferation: A Quantitative Test,† by Sonali Singh and Christopher R. Way. Researchers Singh and Way’s hypothesis is that there are three different stages on the path to weaponization of nuclear weapons technology. They then created dependent and independent variables (democracy and democratization economic interdependence and liberalization, statues inconsistency/symbolic motivations). The authors then did quantitative testing with statistical methods and came to the conclusion that nuclear weapons proliferation is strongly associated with the level of econo mic development, the external threat environment, lack of great power security guarantees, an low level of integration in the world economy.[12] Through this example, one can see how the scientific method can be applied to political/ comparative research as well. There are some disadvantages to doing political research as a science. For example, it is possible that there is selection bias, there are limited numbers of cases, unable to control variables, unable to make cause/effect relationship, and access to cases is limited. Even though there are disadvantages to studying politics as a science, the advantages of being able to draw conclusions and make recommendations on policy, government systems, etc, it is the most appropriate way to study politics and comparative politics. Essay 2- One of the greatest policy challenges facing is post-colonial states is political sovereignty. Globalization, as it is a form of imperialism, makes this problem harder to solve because of its history within these countries and there current presence or non-presence in some. Globalization is defined as a process whereby extensive and intensive webs of relationships connect people across time and space. In countries such as those in Latin America who lived under Spain when they were colonized then soon after gaining independence were imperialized by the united states have struggled to maintain a democracy and maintain political sovereignty without third world countries trying to step in and create their own forms of government or play big brother to these countries, ultimately leaving them worse off than they were before. Some challenges that these countries face in globalization in post colonialism include such things as setting up their own democracy, creating their own economy, and attempting to prosper in a fast growing third world. They also had conflicts over nation, ethnicity, religion, gender, and equality. The biggest challenge is how these countries keep their political sovereignty without letting globalization affect them. [1] W. R. Clark, M. Golder, and S. N. Golder, Principles of  Comparative Politics.CQ Press, (Washington D.C, 2009), 21. [2] [3] C. A. Drogus, and S. Orvis, Introducing Comparative Politics: Concepts and Cases in  Context, CQ Press, (Washington, DC, 2012) [4] C. A. Drogus, and S. Orvis, Introducing Comparative Politics: Concepts and Cases in  Context, CQ Press, (Washington, DC, 2012) , 373. [5] 583 [6] 543-545 [7] F. H. O’Neil, Essentials of Comparative Politics, W. W. Norton and Company, (New York, 2010), 2. [8]F. H. O’Neil, Essentials of Comparative Politics, W. W. Norton and Company, (New York, 2010), 3. [9] F. H. O’Neil, Essentials of Comparative Politics, W. W. Norton and Company, (New York, 2010), 7-8. [10] F. H. O’Neil, Essentials of Comparative Politics, W. W. Norton and Company, (New York, 2010), 8. [11] F. H. O’Neil, Essentials of Comparative Politics, W. W. Norton and Company, (New York, 2010), 9. [12] Sonali Singh and Christopher Way, The Correlates of Nuclear Proliferation: A Quantitative Test, Dec, 2004, Accessed, May 1, 2014,

Medical Advances 1850-1910 :: essays research papers

The contributions of several doctors, researchers, and scientists helped improve the health of the growing population. In 1850 the average life expectancy was 42 years. By 1910 the average life expectancy had risen to nearly 55 years. Between 1850 and 1910 there were several advances in the medical field. The introduction of genes, white blood cells, blood groups, insulin, rubber gloves, aspirin, and vitamins and the discoveries of Pasteur, Charcot, Halsted, Zirm, Lister, and Koch were the starting point of an international fight against disease. A remarkable breakthrough in medicine occurred in the late 1800s through the work of Louis Pasteur. Pasteur's experiments showed that bacteria reproduce like other living things and travel from place to place. Using the results of his findings, he developed pasteurization, which is the process of heating liquids to kill bacteria and prevent fermentation. He also produced an anthrax vaccine as well as a way to weaken the rabies virus. After studying Pasteur's work, Joseph Lister developed antisepsis, which is the process of killing disease-causing germs. In 1865 before an operation, he cleansed a leg wound first with carbolic acid, and performed the surgery with sterilized (by heat) instruments. The wound healed, and the patient survived. Prior to surgery, the patient would've needed an amputation. However, by incorporating these antiseptic procedures in all of his surgeries, he decreased postoperative deaths. The use of antiseptics eventually helped reduce bacterial infection not onl y in surgery but also in childbirth and in the treatment of battle wounds. Another man that made discoveries that reinforced those of Pasteur's was Robert Koch. Robert Koch isolated the germ that causes tuberculosis, identified the germ responsible for Asiatic cholera, and developed sanitary measures to prevent disease. (1) In the late 1880s, genes, white blood cells, and aspirin were discovered. An Augustinian monk from Austria, Johann Gregor Mendel experimented in the crossplanting of pea plants. Eventually his research lead to the discovery of genes. In 1892, Elie Metchnikoff discovered phagocytosis. After observing the larvae of starfish, he found that mobile cells served as a defense for the organisms. This research on the cells lead him to believe that these cells swallow up and digest bacteria, therefore leading into the identification of white blood cells. Although it is unclear who deserves credit for the discovery of aspirin, Felix Hoffman and Heinrich Dreser are credited for the introduction. Both of them researched the drug while working for Bayer and they are credited for actually naming it "aspirin".

Tichborne’s elegy :: Chidiock Tichborne Chideock Tichbornes elegy

Tichborne’s elegy Chidiock Tichborne himself wrote Tichborne’s elegy, in the tower before his execution. The poem reflects his feeling that he has lived a life but it has been useless, as fate had always intended him to die this way. In the first stanza he compares his attributes to many bad things in his world â€Å"my prime of youth is but a frost of cares,† this line illustrates that he should have been enjoying his life now rather than worrying about his death. â€Å"My crop of corn is but a field of tares† shows that he feels he has been given life but it is useless to everyone. â€Å"And all my good is but vain hope of gain† gives you an idea about how Tichborne feels that fate is pushing down on him, and anything he tries to improve his life fails. The second stanza shows Tichborne’s feeling that he has had no influence on anything â€Å"my tale was heard, and yet it was not told† this is demonstrating that even though his life has happened it was nothing, another quote that backs up this point is â€Å"I saw the world, and yet I was not seen†. â€Å"My fruit has fallen, and yet my leaves are green;† shows that he is still young yet the prime of his life has passed. â€Å"My thread has been cut, and yet it is not spun;† illustrates the idea that Tichborne’s life has been given to him but it has not been fulfilled. The third and final stanza talks about how his life had been decided to end this way even before he was born, â€Å"I trod the earth, and knew it was my tomb† this is illustrating the idea that he knew that his fate was for him to die early. â€Å"I sought my death, and found it in my womb† this shows that when he looked for death he found it in his life, I expect this is because he is being executed for murder so in

The Hero in John Steinbecks Cannery Row :: Cannery Row Essays

The "Failure" As Hero in Cannery Row It is Doc, in Cannery Row, who provides the objective and nonteleological point of view which is to be found in so many of Steinbeck's works. For Doc, himself freed from the get-get-get philosophy of the world of the machine by virtue of his science, his detachment, his gentleness, and his personal refusal to be pushed into either Social Importance or the role of Social Judge, insists that the boys of the Palace Flophouse are universal symbols rather than mere ne'er-do-wells. And what they symbolize is simply this: the madness of a world in which those who enjoy life most are those whom the world considers "failures." For Mack and the boys most certainly are failures-in everything but humanity and life itself: Mack and the boys . . . are the Virtues, the Graces, the Beauties of the hurried mangled craziness of Monterey and the cosmic Monterey where men in fear and hunger destroy their stomachs in the fight to secure certain food, where men hungering for love destroy everything lovable about them . . . In the world ruled by tigers with ulcers, rutted by strictured bulls, scavenged by blind jackals, Mac and the boys dine delicately with the tigers, fondle the frantic heifers, and wrap up the crumbs to feed the sea-gulls of Cannery Row. What can it profit a man to gain the whole world and come to his property with a gastric ulcer, a blown prostate, and bifocals? Mack and the boys avoid the trap, step over the poison. . . . I think they survive in this particular world better than other people. In a time when people tear themselves to pieces with ambition and nervousness and covetousness, they are relaxed. All of our so-called successful men are sick men, with bad stomachs, and bad souls, but Mack and the boys are healthy and curiously clean. They can do what they want. They can satisfy their appetites without calling them something else. And the final paradox of all, Doc continues (a paradox which bemuses Ethan Hawley in The Winter of Our Discontent), is the fact that virtues like honesty, spontaneity, and kindness are - in the world of the machine - almost

Company Law Essay

It has been a long established principle of Company Law that the corporate personality is a separate legal entity distinct from its members. (Salomon v Salomon & Co. (1897) However, there are circumstances in which the courts might find it appropriate to dispense with this principle and ignore the principle of separate corporate personality by ‘lifting the corporate veil’ so to speak. Yet, the courts have not been as prepared to pierce the veil of the corporation as they have been to protect it. Salomon v Salomon & Co. gave birth to the separate legal personality of the corporation. In this case, Mr. Salomon, who was conducting business as a leather merchant formed a company which he called Salomon & Co. Ltd in 1892. His shares were distributed among his wife and children, each of whom held one share each, for Mr. Salomon. This was necessary at the time because the law requires that the company consist of at least seven shareholders. It is also important to note that Mr. Salomon was the managing director of the company. (1897) Salomon & Co. Ltd. purchased the leather business which Mr. Salomon estimated to be worth 39,000 pounds. Mr. Salomon based this valuation on his view that the business was bound to be a success rather than the actual value at the time of purchase. The funds were paid as follows: 1) 10,000 pounds worth of debenture stocks leaving a charge over all of the assets of the company and 2) 20,000 pounds in 1 pound shares and 9,000 pounds in cash. At this juncture, Mr. Salomon paid off all of the creditors of the business. As a result, Mr. Salomon held 20,001 shares in Salomon & Co. Ltd. and his wife and kids held the remaining 6 shares. Also, as a result of the debenture, Mr. Salomon was a secured creditor of the company. (Salomon & Salomon Co. Ltd. 1897) The leather business floundered and within a year Mr. Salomon ended up selling all of his debentures so as to salvage the business. This did not work out the way Mr. Salomon planned and the company was unable to pay its debts and consequently went into insolvent liquidation. The company’s liquidator alleged that Salomon & Co. Ltd. was nothing but a sham serving as an agent for Mr. Salomon. Therefore Mr. Salomon should be held personally liable for the company’s debts. The Court of Appeal agreed with this finding and held that a company’s shareholders were required to be a bona fide organization with the intention of going into business rather than just for the purpose of meeting the statutory provisions for the number of shareholders. (Salomon & Salomon Co. Ltd. 1897) The House of Lords reversed the decision of the Court of Appeal holding as follows:- 1) It was not relevant for the purposes of determining the genuineness of a company’s formation that some shareholders were holding shares for the purpose of forming the company pursuant to relevant statutory provisions. In fact, it was perfectly legal for the procedure for registration to be used by a person for the purpose of conducting a one-man business enterprise. 2) Moreover, a company that was formed pursuant to the regulations provided in the Companies Acts is a separate legal person and was not therefore an agent or trustee for the controller. Therefore the company’s debts were its own and were not the debts of its members. The liability of the members would be limited in proportion to the shares that they each held. (Salomon & Salomon Co.  Ltd. 1897) Salomon v Salomon & Co. Ltd. has stood up well against the test of time. In Macaura v Northern Assurance Co. [1925] AC 619 the House of Lords held that in the same way that the company’s liabilities are the company’s and the shareholders, the assets are also the company’s rather than the shareholders. (Macaura v Northern Assurance Co. [1925]) In Barings Plc (In Liquidation v Coopers & Lybrand (No. 4) [2002] 2 BCLC 364 a parent company suffered a loss as a consequence of the loss incurred by one of its subsidiaries. It was held that the subsidiary was the proper party to commence an action in respect of the loss. This rationale followed the rationale in Salomon v Salomon & Co. Vis-a-vis the loss was that of the subsidiary and was therefore that company’s liability rather than the parent company’s liability. The subsidiary was a separate legal entity from its parent company. (2002 p 364) This ruling was closely followed in both Gile v Rhind [2003] as well as Shaker v Al-Bedrawi {2003]. In Re Southard &Co Ltd Templeton [1979] 3 ALL ER 556 at 565 LJ said that A parent company may spawn a number of subsidiary companies, all controlled directly or indirectly by shareholders of the parent company. If one of the subsidiary companies, to change the metaphor, turns out to be the runt of the litter and declines into insolvency to the dismay of its creditors, the parent company and other subsidiary companies prosper to the joy of the shareholders without any liability for the debts of the insolvent subsidiary. ’(Re Southard &Co Ltd Templeton [1979] 3 ALL ER 556 at 565) Lee v Lee’s Air Farming, a New Zealand case, is another good example of the court’s reluctance to pierce the corporate veil. In this case, in 1954 Lee started a company called Lee’s Air Farming Limited. Lee owned all of the shares of the company and was the company’s Governing Director. In addition, Lee worked for the company as its chief pilot. He died in a plane crash while flying the company plane and his wife tried to claim damages via the company’s insurance scheme under the Workers’ Compensation Act. (Lee v Lee’s Air Farming [1961]) The New Zealand Court of Appeal rejected the widow’s claim that Lee was a worker within the meaning of the Workers’ Compensation Act and the case went to the Privy Council. The Privy Council found that Lee’s Air Farming Limited was an entirely different legal entity from Lee and legal relationships between the two were perfectly permissible. Moreover, the Privy Council found that Lee, as Governing Director could indeed give order to himself in his capacity as chief pilot. Therefore a master/servant relationship did exist between the two and Lee was in that respect a ‘worker’ within the meaning of the Act. Indeed, as seen in the cases discussed above the courts aggressively protect the separate legal identity of the corporate citizen. However, there have been legislative intervention whereby specific situations have been defined where it would be appropriate to pierce the corporate veil. For example Sections 213 and 214 of the Insolvency Acts make it possible for the lifting of the corporate veil in cases of fraud and wrongful dealing. (The Insolvency Act 1986 Sections 213 and 214) Section 213 is often referred to as the ‘fraudulent trading’ provision. (Dignam & Lowry 2006 Ch. ) This section arises if the court is satisfied that company carried on any of its business ventures with the intention of defrauding the company’s creditors or the creditors of anyone else. Section 213 will also arise if the court finds that the company acted for any other fraudulent reason and persons involved in those fraudulent ventures can be found liable for the company’s debts. In order to satisfy the court of the existence of fraud Section 213 requires proof of ‘actual dishonesty, involving, according to current notions of fair trading among commercial men, real moral blame’. The . Section 214 does not impose as onerous a burden or standard as does Section 213. It is not necessary to prove an intention to defraud. Section 214 applies to the period just before a company begins winding up procedures. Section 214 arises when the court is satisfied that the directors either knew or ought to have known that the company was becoming insolvent and continued to trade anyway. The director can be liable for the company’s debts in these instances. (The Insolvency Act 1986 Section 214) Section 227 of the Companies Act 1985 makes further provision for lifting the veil of the corporation. This section arises in instances where it is necessary to require the production of group members or group accounts to verify whether or not a subsidiary’s financial activity is that of the holding company. (Companies Act 1985 Section 227) The judiciary has also demonstrated a will to lift the corporate veil whenever the ends of justice desire it to be done. The circumstances in which the court will ignore the corporate veil are ill-defined and the impression is that these circumstances are developed on a case by case basis. Professor Gower said that ‘challenges to the doctrines of separate legal personality and limited liability at common law tend to raise more fundamental challenges to these doctrines, because they are formulated on the basis of general reasons for not applying them, such as fraud, the company being a â€Å"sham† or â€Å"facade†, that the company is the agent of the shareholder, that the companies are part of a â€Å"single economic unit† or even that the â€Å"interests of justice† require this result. ’ (Davies 2003 p 184) Adams v Cape Industries Plc [1990] Ch 433 is viewed by Gower and Davies as the leading case on the exceptions to the corporate veil. In the case the Court of Appeal said that it is not satisfied that the ‘court is entitled to lift the corporate veil as against a defendant company which is a member of a corporate group’ merely on the grounds that the company was used to shield a member of that group from future liabilities of the company. As a matter of fact, the Court of Appeal maintained that this was a legal right by adding ‘whether or not this is desirable, the right to use a corporate structure in this manner is inherent in our corporate law. ’(Adams v Cape Industries Plc [1990] Ch 433) The courts tend to be rather inconsistent with its position on the grounds upon which it will displace the laws protecting the corporate veil. While Adams v Cape Industries Plc was very strict in its position in favor of safeguarding the corporate veil, the House of Lords was rather liberal in DHN Food Distributors Ltd v Tower Hamlets London Borough Council [1976] 1 WLR 852. In the latter case Lord Denning speaking of a parent company and its subsidiary holdings said, ‘these subsidiaries are bound hand and foot to the parent company and must do just what the parent company says’. He went on to say ‘this group is virtually the same as a partnership in which all the three companies are partners. They should not be treated separately so as to be defeated on a technical point’. (DHN Food Distributors Ltd v Tower Hamlets London Borough Council [1976] 1 WLR 852) It wasn’t long before the courts departed from the position taken by Lord Denning. Woolfson v Strathclyde R. C [1978] SLT 159 the House of Lords took issue with Denning’s view on the nature of holding companies and the groups under them. The Lords maintained that the corporate veil would not be displaced unless it was shown that the company was a facade. (Woolfson v Strathclyde R. C [1978] SLT 159) In Trustor AB v Smallbone (No. 2) [2001] 1 WLR 1177 the court was adamant that the corporate veil would only be lifted in three circumstances. They were, 1) if the court was satisfied on the evidence that the company was a mere sham or facade, 2) the company itself was involved in some impropriety or 3) where the interest of justice required it. (Trustor AB v Smallbone (No. ) [2001] 1 WLR 1177) Earlier cases identified appropriate circumstances where the court might find that a company was indeed a facade. In Gilford Motor Company Ltd. v Horne [1933] Ch 985 the court found that the company was a facade. In this case an employee bound by a covenant not to solicit the business of his employers, left his employment and set up a company which he used to breach the covenant. The employee argued that while he was bound by the covenant, the company was not. (Gilford Motor Company Ltd. v Horne [1933] Ch 985) In another case the defendant signed an estate contract with the plaintiff for the sale of realty to him. The defendant changed his mind and formed a company, transferring the realty to the company. He claimed that he was no longer the owner of realty and therefore no bound to the terms of the estate contract. The court found that the company was a mere facade for the defendant and he was ordered to sell the realty as per the estate contract. (Jones v Lipman [1962] 1 WLR 832) The Court of Appeal identified three instances in which it would be appropriate for the corporate veil to be lifted. The court said, ‘save in cases which turn on the wording of particular statutes or contracts, the court is not free to disregard the principle of Salomon v A. Salomon & Co Ltd [1897] AC 22 merely because it considers that justice so requires. Our law, for better or worse, recognises the creation of subsidiary companies, which though in one sense the creatures of their parent companies, will nevertheless under the general law fall to be treated as separate legal entities with all the rights and liabilities which would normally attach to separate legal entities. (Adams v Cape Industries Plc [1990] Ch 433) Adams has effectively narrowed the circumstances in which the courts will intervene and lift the corporate veil. This is unfortunate since changing times together with the complex development of both the corporate structure and company law, the Salomon v Salomon & Co. rule is in reality perhaps out of place today. (Gallagher & Zeigler 1990) Although there have been times when the courts have shifted away from this ruling it remains the poster child for the criteria to be met when determining whether or not to life the veil of the corporation. The prevailing attitude is to safeguard against lifting the corporate veil. Question 2b) The doctrine of majority rule has been a long established principle of Company Law within the English Legal System and makes it difficult for minority shareholders to take legal action in respect of majority shareholder improprieties. That said, Rebecca as a minority shareholder is protected to a limited extent by the provisions of Section 459(1) of the Companies Act 1985. The development of the common law doctrine of majority rule was enunciated in Foss v Harbottle. The rationale behind Foss was that any difficulties within the structure of the company ought to be dealt in the general meetings of the company by ratification by the majority shareholders. The prevailing attitude of the courts was one of nonintervention. It would only step in if it was for the purpose of dissolving the business. The facts of Foss v Harbottle reveal that in 1835 a company, Victoria Park Company purchased land in the Manchester primarily for residential purposes. Thomas Harbottle, a director of Victoria Park Company had purchased the property and resold it to Victoria Park Company who eventually developed the property. Richard Foss and Edward Turton, shareholders of Victoria Park Company brought an action against Thomas Harbottle alleging breach of fiduciary duties in that he sold the property to the company at an inflated price. Turton and Foss also claimed that, acting outside of their powers as directors the directors had burrowed funds in the name of the company. The court held that plaintiffs had no locus standi, and that they were required to have obtained the company’s approval to commence legal action. This approval is properly obtained by virtue of a general meeting. In Foss v Harbottle, Wigram VC explained that ‘the corporation should sue in its own name and in its corporate character, or in the name of someone whom the law has appointed to be its representative. ’ It would therefore only be permissible in exceptional cases of serious abuse that minority shareholders could sue the company as a defendant. This explains the relatively strict approach adopted by the courts in deciding representative forms of actions in the guise of minority shareholder oppression. Jenkins LJ in Edwards v Halliwell explained the justification of the majority rule doctrine in Foss v Harbottle when he said ‘the rule in Foss v Harbottle, as I understand it, comes to no more than this. First, the proper plaintiff in an action in respect of a wrong alleged to be done to a company or association of persons is prima facie the company or the association of persons itself. Secondly, where the alleged wrong is a transaction which might be made binding on the company or association and on all its members by a simple majority of the members, no individual member of the company is allowed to maintain an action in respect of that matter for the simple reason that, if a mere majority of the members of the company or association is in favour of what has been done, then cadit quaestio’. This is where Section 459(1) of the Companies Act 1985 is important to Rebecca in respect of what appears to be ‘insider dealing’, mismanagement and perhaps even fraud. Section 459(1) of the Companies Act 1985 provides as follows:- Any member of a company may apply to the Court by petition for an order under this section on the grounds that the affairs of the company are being or have been conducted in a manner which is unfairly prejudicial to some part of the members (including at least himself) or that any actual or proposed act of omission of the company (including an act of omission on its behalf) is or would be so prejudicial. ’ David Partington, notes rather bluntly, that the discretion contained in Section 459 is very broad and perhaps infinite. ‘The breadth of s. 459 means that there must be an infinite range of situations in which it may be employed. Partington goes on to say that the courts have been extremely flexible in their application of the term ‘unfairly prejudicial. ’ The test for ascertaining whether or not conduct is ‘unfairly prejudicial’ is an objective test rather than a subjective one. The defendant’s motives are often times not of paramount importance to the courts. In Re Bovey Hotel Ventures Ltd. it was held that ‘the test †¦. is whether a reasonable bystander observing the consequences of (the defendant’s) conduct would regard it as having unfairly prejudiced the petitioner’s interests. The remedies are no longer limited to ‘winding up’ procedures and this of course explains the wider discretion for commencing an action by minority shareholders. Among the remedies available are, rectification, injunctive or ‘buyout relief. ’ By virtue of ‘buyout’ relief, the court makes an order requiring the company to purchase the shares of the petitioning minority shareholders. This is perhaps the best course for Rebecca to follow. She might not wish to remain a part of a company in which she has all but lost faith in. Re Sam Weller & Sons Ltd. rovides some useful guidance as to the kind of conduct that might amount to ‘unfairly prejudicial’ within the meaning of the 1985 Act as amended. For example, failing to pay a dividend in the absence of a sound commercial explanation for such a failure amounts to ‘unfairly prejudicial’ conduct’. In Sam Weller’s case the dividend had already been covered 14 times with the company declaring it for the past consecutive 37 years. In interlocutory proceedings, Gibson LJ denied the company’s application to strike out the petitioner’s claim noting that the company had a case to answer.

Past and Present Native American Affairs

After examining the past of Native Americans, their wanting to have a piece of the government pie, and the present affairs under the reservations is different to the living circumstances of Native Americans. It starts with issues such as drug abuse and prevention within the tribes. The next step for them is to ensure they have enough money to support their tribes and encompasses all their needs. Finally, it is how the tribes give back to the states they decide to build casinos in. In the article, â€Å"Drug Czar Urges Tribal Leaders to Focus on Youth Drug Preventions,† posted by the US Newswire on September 6, 2000, discuses about how American Indian youth has the highest percentage of drug abuse in America at this time. The White House Office of National Drug Control Policy Director Barry R. McCaffery has promoted a campaign to prevent the drug use. The Office of National Drug Control Policy (ONDCP) has invested in over $3 million reaching out to tweens and teens. Also, McCaffery thinks that if every parent in America along with American Indian parents would talk to their children about drugs, that it would make a huge difference. In the article, â€Å"In Shift, Interior Dept. May Allow Tribes to Build Casinos far From Reservations,† talks about the Bush-era rule â€Å"allows Indian tribe to build casinos far from the reservations, raising the possibility that new gambling resorts could be built close to New York and elsewhere around the country†. In 2008 tribes couldn’t open beyond their commuting distance, but this led to being rejected from at least 22 applications. This does not mean the casinos are approved yet though. Nelson Rose, a professor at Whittier Law School in California this there’s to much money involved. Some tribes like the Mississippi Band of Choctaws could benefit from this, since they plan for a $375 million casino/ hotel 175 miles away. It could be a benefit to others as well, considering it could bring thousands of jobs. But only five tribes have been approved for this in the 23 years Congress passed the Indian Gaming Regulation Act. In article one states that American Indians and Alaskan Native children were the highest drug users amongst teens. Since then, the National Drug Policy has invested the time, effort, and money to educate parents as well as their children about drugs and alcohol. In article two they are talking about the revenue they made the state and how much they were able to put into education funds. These casinos are not being built for teens to enjoy. They are meant for adult leisure. Article two showed how much money they are placing into education for the entire state and not just for certain populations. Both articles discuss education, however article two highlights it and makes it a positive thing for the state the casino is built in. Article one is explaining us that they had to invest money for this certain problem. This is not just an American Indian or Native Alaska problem. It’s our country’s issue. All over our country we are seeing proposals for casinos that are backed by Native American tribes. The government in some states saw it as an advantage and took it, while others still battle with the idea of having a casino in their state. Casinos are the adult’s version of Disney Land and the chances of the government lowering the age to gamble is non existing. There is no relation between drug use and where the casinos are. These casinos have been built and they are continuously pouring money back into the state and keeping the taxes low and filling the necessary gaps as well as putting in extra money where we need it. Education is one of the toughest battles when it comes to funding and if these casinos are putting money into this fund to allow all children to go to school and be safe, then what is the problem? I would not change the Columbus Holiday. Columbus is one of our founding fathers and he should be appreciated for that. For if he did not come over here, where would be now? We could still be over in Europe somewhere. A few other reasons why I enjoy Columbus Day are: it’s a day off from school and it gives me an opportunity to spend time with my two little brothers and my mom. I understand what he did to the Native Americans; however like many of our other founding fathers he did what he was right for his people at that time. That is why it is called history so we know not to repeat it.

Biz Cafe Reflections

My Biz Cafe Simulation Learning Experience Davenport University Abstract This paper will cover a reflection of my experience with the Biz Cafe simulation. After reading this paper, one should have an idea of what I learned from the simulation and how it works. I will be talking about the challenges my team and I dealt with and how we overcame these challenges. Most importantly, I will be talking about how we made Coffee Connection run as a successful coffee shop.In this paper, I will also discuss my thoughts on teamwork and the significant factors of running a small business. My Biz Cafe Simulation Learning Experience Taking part in the Biz Cafe simulation has been one of the most motivating, enjoyable and enriching learning tools that I have ever been given the opportunity to utilize. It actually gives you the surreal feeling that you are really running your own coffee shop business. I appreciate the creativeness of the simulation and the fact that it provided a fun, delightful educ ational experience for me.Biz Cafe has allowed me to become familiar with the significant factors of successfully starting and running a small business. Some of the significant factors include management, marketing, operational and accounting decisions. The Biz Cafe simulation provided hands-on experience that allowed my group members and I to make the imperative business decisions that contribute to the making or breaking of a business. Overall, I have certainly developed a better understanding of the management of a small business and what it possibly feels like to become an owner.Having the opportunity to start and run a simulated coffee shop from a practical standpoint, I have been able to broaden and strengthen my knowledge of the day-to-day operational functions of a small business. With the help of my team, we were able to make the careful decisions needed in order to run as a successful coffee shop business. Coffee Connection In the start-up decisions, the name we chose for our cafe was Coffee Connection. We agreed upon the name, Coffee Connection because we thought that the name was nice and appropriate for our cafe.The furniture we chose for our coffee shop was the used furniture which was cheaper for us. Choosing the used furniture proved to be a good choice that in the long run worked for our coffee shop. We also decided that purchasing the high capacity espresso machine would be very convenient for the business. The machine turned out to be a great investment that served Coffee Connection very well. Challenges We Overcame A challenge that we faced with our coffee shop was making the staffing decisions. We struggled with trying to figure out a sufficient number of managers and servers to hire and an appropriate pay for them.Around the beginning of the simulation, we had a nice amount of servers which resulted in us receiving an award for best staff. After we extended hours, things seemed to go downhill with our staff. As a result, this had an effec t on the overall service of the workers. They were not as happy or productive as we had hoped. Our managers were becoming stressed out and our servers were being overworked and even a couple of our servers quit. This lead to us hiring more servers, another manager and giving our managers a raise. These necessary adjustments were a must in our attempt to increase productivity.We also thought that by giving the managers a pay raise, it would make them feel appreciated and motivate them to work. Recognition is what is needed to inspire employees to do their best. According to Business Now (Shah, 2009), â€Å"People are willing to work—and work hard—if they think their work makes a difference† (p. 284). After all, a company’s employees are their most valuable resource. During each round of the Biz Cafe simulation, we tried to exercise a realistic way of thinking when making important decisions that would have an impact on our business.When purchasing coffee, one thing we did not take advantage of was sales forecasting which was probably our biggest mistake. As a result, our coffee purchases were constantly off. Not taking advantage of sales forecasting caused it to be difficult to determine an adequate amount of coffee to order for just about every round. What Made Us Successful Early on in the beginning of the simulation, I think we did a great job as far as brand awareness. We were sure to take advantage of the radio and newspaper advertisements. Before long, business was booming.The advertisements were one of best decisions we decided upon due to how much business we brought in by simply marketing our cafe and product. By investing in the advertisements, our sales were definitely increased. Good marketing is undeniably one of the keys to the success of a business. As a team, it is most important to always work together if you plan to succeed. Throughout the Biz Cafe simulation, my teammates and I each put forth an awesome team effort by working together. We all brought different ideas and thoughts to the table.Communication is one of the most vital aspects in working as a team. We made it our business to meet on our group’s discussion board to discuss our weekly decisions and goals for our coffee shop. Each of us was determined to run our cafe successfully. It was pretty fun participating in the simulation with them. Constantly keeping track of the other cafes helped us determine where we should be. Our ultimate goal was to grow and run as a successful cafe. Overall, I think we did a good job! References Shah, A. J. (2009). Business Now (p. 284). New York, NY: McGraw-Hill.

Working Capital

WORKING CAPITALQ1. Which of the following is the primary most objective of working capital? (MCQ)The difference between current assets & current liabilitiesA balance of having liquid assets to ensure the operation is unaffectedManagement of individual working capital componentsWorking capital analysis using ratios(2 marks) Q2. Calculate the Current Ratio & Quick Ratio using the below information. (MCQ)$000Inventory 200Receivables 670Payables 235Bank loan 85Current Ratio 0.37, Quick Ratio 0.27Current Ratio 0.58, Quick Ratio 0.31Current Ratio 1.76, Quick Ratio 1.54Current Ratio 2.71, Quick Ratio 2.09(2 marks) Q3. Pick Co. sold 20% of its inventory on credit for 10% profit. What will be the effect on the quick ratio & current ratio after the inventory sale, if all else is equal? (MCQ)Current Ratio (Increase), Quick Ratio (Increase)Current Ratio (Increase), Quick Ratio (No change)Current Ratio (No change), Quick Ratio (Increase)Current Ratio (Increase), Quick Ratio (Decrease)(2 marks) Q4. Inkle Co has receivables turnover of 8 times, a payables turnover of 4.5 times and an inventory turnover of 2.25 times. Calculate cash operating cycle assuming 365 days in a year? (MCQ)46 Days81 Days127 Days162 Days(2 marks) Q5. Which of the following TWO statements are correct in relation to working capital policies for a manufacturing company and a food retailer? (MRQ)A manufacturing company will need to invest in raw material and result in large amounts to be owed to its customersA food retailer will have a large inventory of large receivables balanceA manufacturing company needs no accounts receivable policyA food retailer will need to consider inventory management policy (2 marks) Q6. Mafia Co is a manufacturing company and has the following periods. Periods DaysReceivables collection 70Raw material turnover 42Work in progress turnover 14Finished goods turnover 42Payables payment 495334032258000What is the time it takes to complete a working cycle? (FIB) Days(2 marks) Q7. Which of the following best describes the working capital turnover? (MCQ)It measures a company's ability to replace its working capitalIt measures the working capital support to the revenuesIt measures the liquidity position of the companyIt measures the profitability position of the company (2 marks) Q8. Yolo Co. has the following inventories:Raw material $600Work in progress $550Finished goods $700Yolo Co has annual purchases of $5,000 with the cost of sales being $2,000. What are the average inventory days for Yolo Co (366 days in a year)? (FIB)23495-317500Days(2 marks) Q9. A company sells toy machine guns in the USA; it yearly sells 15,000 guns at $60/each. It has to receive $56,000 from its customers. In how many days will the company receive all its payments? (MCQ)10 Days23 Days63 Days98 Days(2 marks) Q10. A delay in payment to the suppliers may result which of the following? (MRQ)Future contracts with the suppliers may be disruptedA discount on late payment will be missedGoodwill in the market will be increasedAn increase in the price of products as a compensation (2 marks) Q11. Which of the following is not a typical symptom of overtrading? (MCQ)A significant increase in revenue A bank overdraft reaching its limit A fall in the quick ratio and the current ratio A fall in trade payables days(2 marks) Q12. A company has very high levels of inventory and high cash balances. This is an indication of? (MCQ)Over-tradingHigh cash operating cycle Over-capitalizationLow working capital cycle (2 marks) Q13. Select whether the following statements are true or false. (HA)An increase in sales revenue should likely to increase the level of working capital invested TRUE FALSEA profitability decrease is an indication that the trade cycle has been increased TRUE FALSEUnder-capitalization is the rapid increase in sales as compared to the invested finance TRUE FALSE(2 marks) Q14. Match the following ratios in comparison to identify the over-trading problems. (P;D)A significant increase in sales Customers are paying late than their credit period Current liabilities are in excess of Current assets WORKING CAPITAL GROWTH % QUICK RATIO % INCREASE IN RECEIVABLES(2 marks) Q15. Unto Co is an online sales company which has established its business in the past two years. The CFO has indicated that the company has expanded its business and gained a good market share in these two years but to able to continue further they will need to manage its working capital effectively. Which of the following actions might help overcome Unto Co problems? (MRQ)The shareholders will be asked to inject finance into Unto CoInventory levels should be increased by Unto CoSales of Unto Co should be withheld for some timeRetained profits should be invested back in Unto (2 marks) Q16. An investment policy is the amount of working capital investment needed for a particular company. Which of the following statement related to a conservative policy? (MCQ)Company keeping a low level of inventory will lead an earlier cash operating cycleA lengthy cash operating cycle may lead to high finance costInventory levels ; receivables should be kept at an optimum levelA short cash operating cycle may lead to risky business(2 marks) Q17. Kelp Co has kept its inventory levels at the minimum level from the start of the business. The business was acquired by a competitor and they continued its operation as per their previous owners. In the last three months, the company is unable to meet the supply demands due to a shortage of inventory. The new owner of Kelp Co is unable to recognize the working capital policy. Select the appropriate working capital policy? (MCQ) Conservative investment policyAggressive financing policyAggressive investment policyConservative financing policy(2 marks) Q18. Select the appropriate option. (HA) The efficient management of inventory ; receivables relates to a moderate investment policy TRUE FALSEIf customers pay late to a company this will increase the cash cycle TRUE FALSE(2 marks) Q19. A company needs finance to invest in their assets. Select the appropriate asset in relation to working capital financing policy. (P;D)Assets are bought in their respective seasons Assets continue for more than a year Assets present with the company at any given time of the year NON-CURRENT ASSETS PERMANENT CURRENT ASSETS FLUCTUATING CURRENT ASSETS(2 marks) Q20. Which statement best reflects a conservative working capital finance policy? (MCQ)More short-term finance is used because it's riskyMore long-term finance is used because it improves liquidityMore short-term finance is used to purchase inventoryMore long-term finance is used to pay-off payables(2 marks) Q21. Select the following similarities in an Investment & financing working capital policy. (MRQ)The risk of stock out in the policyThe names used in each policyThe use of assets in the policyThe level of inventory in the policy(2 marks) Q22. Which of the following factors could have an influence in working capital? (MRQ)Company credit policies The future growth prospectThe balance of liquidity & profitabilityThe nature of the companyPayable credit policies of suppliers(2 marks) Q23. Which of the following is a benefit in having a decentralized treasury department in a company? (MCQ) The duplication of workThe benefit of bulk discountingThe low-interest rates applied by the bankThe development of skills of managers (2 marks)WORKING CAPITAL (ANSWERS)Q1. BThe difference between current assets & current liabilities (Definition)A balance of having liquid assets to ensure the operation is unaffected (Objective)Management of individual working capital components (One of the aspects of WC)Working capital analysis using ratios (One of the aspects of WC) Q2. DCurrent Ratio = [200+670] à · [235+85] = 2.71Quick Ratio = [670] à · [235+85] = 2.09 Q3. AThe Quick ratio = IncreaseThe inventory sold on credit, all else being equal receivables (current assets) will increase, so the quick ratio will increase.The Current ratio = IncreaseCurrent assets include Inventory & Receivables. The inventory sold for profit, the receivables increase will be more than the decrease in inventory, the net effect will be the increase in current assets, hence ratio increased. Q4. CReceivable days= (365 à · 8) = 46 daysInventory days = (365 à · 2.25) = 162 daysPayable days = (365 à · 4.5) = 81 daysCash operating cycle = (46 + 162) – 81 = 127 days Q5.A manufacturing company will need to invest in raw material and result large amounts to be owed to its customers (Correct)A food retailer will have large inventory with small receivables balanceA manufacturing company needs careful consideration of accounts receivable policyA food retailer will need to consider inventory management policy (Correct)Q6. 119 daysWorking Capital Cycle= (70+42+14+42) – 49 = 119 Q7. BQ8. 91 daysRaw material days = (600 à · 5,000) Ãâ€" 366 = 44 daysWork in progress days = (550 à · 2,000) Ãâ€" 366 = 101 daysFinished goods days = (700 à · 2,000) Ãâ€" 366 = 128 daysAverage days = (44 + 101 + 128) à · 3 = 91 days Q9. BSales = 15,000 Ãâ€" 60 = 900,000 Receivable days = (56,000 à · 900,000) Ãâ€" 365 = 23 days Q10. Future contracts with the suppliers may be disrupted (Correct)A discount on early payment will be missedGoodwill in the market will be decreasedAn increase in the price of products as a compensation (Correct) Q11. DOvertrading is business trying to do too much too quickly with too little long-term capital. The payment period to accounts payable is likely to lengthen (not shorten). Q12. COver-capitalization represents an excessive investment by a business in its current assets. In the case inventory & cash balance both relate to current assets of a business. Q13. An increase in sales revenue should likely to increase the level of working capital invested TRUE A profitability decrease is an indication that the trade cycle has been increased TRUE Under-capitalization is the rapid increase in sales as compared to the invested finance TRUE Q14. A significant increase in sales Working capital growth %Customers are paying late than their credit period % Increase in ReceivablesCurrent liabilities are in excess of Current assets Quick Ratio Q15. The shareholders will be asked to inject finance into Unto Co (Correct)Inventory levels should be managed efficiently by Unto Co Sales of Unto Co should be lowered not withheld completely for some timeRetained profits should be invested back in Unto (Correct) Q16. BIn a conservative policy, the inventory levels & receivables are kept high resulting longer cash operating cycles leading to a need for finance via overdraft facilities. Overdraft results finance cost. Q17. CThe company kept its inventory levels at the minimum having a high risk of stockouts which indicates the Aggressive investment policy was used by Kelp Co.'s previous owners. Q18.The efficient management of inventory ; receivables relates to a moderate investment policy TRUE If customers pay late to a company this will increase the cash cycle TRUE Q19.Assets are bought in their respective seasons FLUCTUATING CURRENT ASSETSAssets continue for more than a year NON-CURRENT ASSETSAssets present with the company at any given time of the year PERMANENT CURRENT ASSETS Q20. BThe conservative policy finances most fluctuating assets with long-term finance and finances all permanent assets with long-term finance. Resulting low risk eventually improving liquidity but decreasing profitability. Q21. The names used in each policy are same only. Q22. All given above are the factors which can influence the working capital Q23. D