Critical inquiry in Practical Nursing Essay

Question 1- According to Kerr et al (2012), the purpose of the study is to examine the nurses’ opinions on the introduction of a medical administrative to the enrolled nurses and its impact in the error rate of medication. Question 2- The author’s rationale was to: -To examine nurses’ opinions on enrolled medical administration -To analyze whether the enrolled nurses introduction effects of the medication error in organizations. Question 3- Quantitative, experimental.Question 4-The sample used was the different types of nurses who answered questions online at the website of the organization. The selected lot answers specific questions in a questionnaire related to the topic of discussion. Question 5-a)Descriptive b)InferentialQuestion 6-Education Question 7-Demographic data – Response to nurses’ survey items – Rates of medication errors- Collected within twelve months Question 8-Â  Survey question regarding support for administration of medications by qualified ENs RN SupportiveIn %RN Non-SupportiveIn %Statistically Significant? 73.8%,26.2%Yes / No Survey question measuring positive change EN SupportiveIn nEN non-supportiveIn nStatistically Significant? 73.626.4Yes / No Survey question regarding the level of education for ENs who administer medications ENME SupportiveIn %ENME Non-SupportiveIn %Statistically Significant? 73.726.3%Yes / No Question 9- Population 118, 268-256, 302 Question 10- It is true to say that A significant result (p=0.265, p

Hope And Help Charitable Trust Education Essay

My squad members and I prepared a undertaking to organize a charitable administration known as Hope and aid charitable trust. It is an administration being run to assist and favor the aged people, new migrator to happen occupations, cut down communicating barriers between the communities by learning them communicating accomplishments. I have a complete squad full of accomplishments that can execute their different responsibilities to run the administration swimmingly. My squad used assorted techniques such as SWOT analysis, BCG matrix, fish bone analysis, Giant chart etc. I used my experience and accomplishments to finish my undertaking and even I used my accomplishments to assist my squad members whenever required at assorted stairss to finish the undertakings. I helped in raising some financess besides for my squad, assorted other beginnings were used to raise financess to run into our disbursals. Some of the services were rendered free of cost that is voluntarily by our squad members. Time agenda was managed in conformity with in convenience of all of our squad members and clients. Assorted groups were formed to give best services. A through research was done on how to run the complete undertaking. Assorted other groups and administrations were contacted and consulted to run our trust swimmingly. The jobs we faced were studied and discussed with in our squad and if required with other expertness besides for acquiring good consequences. I personally helped with my suggestions to my squad members to work out the jobs on my experiences I had in past such as raising of financess, organizing transit, and I took myself inaugural to happen solution when of all time my squad was stuck on any issues. I used my past experience in making the decisions excessively.IntroductionI would wish to present that I have been assigned group figure 3. My group includes 5 members including me. We all divided our undertaking into little parts of responsibilities to do it easy and convenient. My group members are Kulwindr kaur, Hardeep kaur, Jaskarn Singh, and Harpinder Singh. I worked on issues related to different civilizations of communities. I have experience of different civilizations of different provinces as I have lived in assorted parts of my state. I am cognizant of the behavior of different people, their imposts, some of their wonts, their beliefs, festivals etc. My experience helped my squad member ‘s batch to finish this survey.Purpose of surveyThe applied direction is to research our accomplishments and use them in pull offing a undertaking or undertaking assigned to us. I have decided to organize and pull off an administration that will assist assorted community people. The undertaking is approximately, how to run a societal and welfare administration known as HOPE AND CHARITABLE TRUST. It ‘s chief aim is to assist the society seniors and new immigrant reachings. The survey was completed to organize a charitable administration. The chief aims of administration are to favor the aged people, assist new migrator to happen occupations, cut down communicating barriers between the communities. We are a complete squad of 5 members including me with their different responsibilities to run the administration swimmingly. We used assorted techniques such as SWOT analysis, BCG matrix, fish bone analysis, Giant chart, college tutorial notes and our experiences etc to finish this survey. I suggested my squad to organize the fund from assorted beginnings to run into our disbursals. Some of the services were rendered free of cost, voluntarily by our squad members. Time agenda was managed in conformity with in convenience of all of our squad members and clients. Assorted groups were formed to give best services. A through research was done on how to run the complete undertaking. Assorted other groups and administrations were contacted and consulted to run our trust swimmingly. The jobs we faced while finishing this undertaking were studied and discussed with in our squad and if required with other expertness besides for acquiring good consequences. I expressed my positions on my experience to happen better solutions. I experienced that communicating is greatest barrier that should be sorted out with in different communities and civilizations of different people. It is about to do their life easy by learning them the needed degree of English. Making them cognizant about how to pass on with other community people. Some cognition of their vicinity, local country cognition so that they can travel about and run into their basic demands such as library, infirmary, coach Michigans, Parkss nearest shopping country etc. To transport on these activities my group of experts was assigned assorted responsibilities to execute to make our end. We divided our responsibilities in little parts such as from roll uping informations, reaching the people, garnering information about what will be their basic demands, pull offing the clip, discoursing between all of my squad members about the jobs, seeking suggestions on assorted subjects and so making to decisions etc. Every squad member ‘s sentiment was considered and listened exhaustively and so compared with other sentiments to make effectual decisions. Family members of the aged people and childs were contacted to derive their consent and guarantee them that privateness will be maintained if required. I suggested to ask for assorted other trusts to take part so the societal work for world can be carried easy and every one in society can profit organize it. Hardeep and I approached local newspapers and requested to publicize the events we are transporting. Even other authorities and economical bureaus were requested to supply some support to transport on our administration activities and fund were raised signifier other beginnings. We besides raised financess from assorted shows and stables at our community topographic points and shopping composites. We worked as squad and tried to assist each other in finishing their activities they were assigned.Main organic structurePull offing the undertakingI suggested organizing a societal administration that can assist our aged people and childs to settle down in new environment after migration to this state. Every one was happy and considered earnestly my suggestion and eventually decided that we will work on this rubric. We organised ourselves as group figure 3 consisting of five members in our group as follow: – Narinder Kaur, Kulwinder Kaur, Hardeep Kaur, Jaskanwar Singh, Harpinder Singh The job designation with principle was scheduled by Kulwinder kaur. Harpinder Singh was scheduled to organize undertaking program included range, resources and job work outing theoretical account to be used. Jaskanwar Singh was scheduled to research methods and Hardeep Kaur and my ego ( Narinder Kaur ) did treat the jobs of civilization, financess and transit. I put my ego in front of all doing my squad members aware of my expertness and accomplishments that I have gained in yesteryear in my place state while populating at different topographic points within different civilizations of society. After we completed the initial procedure of make up one's minding the administration name and the squad members who are traveling to work in it with their responsibilities and duties, we decided to discusses on subject about the jobs we are traveling to confront, findings, decisions, recommendations. We had unfastened treatment on every subject and reviewed the constructs if the alterations wer e required. Then my squad drafted the study for concluding unfastened treatment to jointly corroborate the subjects and doing of assignment. Own Role as mentioned above I had really effectual function in this assignment from garnering the information about different societies populating in the country and about their civilization up to pull offing the financess and transit. My good cognition around the country helped my squad a batch in garnering the natural information about people wonts, attitude, their demands like linguistic communication barriers etc. this saved batch of clip. Our squad worked in a group in our formed trust: Hope and Help charitable trust. It is at Papatoe-toe ( south Auckland ) . I am working on civilization. I went to other trust supplying same installations in Papatoe-toe ; to see how I can preform and derive experience. I met their different sort of people coming from assorted parts of India. I took permission from the director. He introduced me to assorted people while the java nine was traveling. Another clip when I went there the English category was traveling people were larning basic of communicating and reading etc. Their I came to cognize that people differ with each other in assorted facets like nutrient, civilization, acclivity, linguistic communication etc. the biggest difference I noticed was the difference between eastern and western civilization that is the difference between Indian civilization and New Zealand civilization, that usually immigrant people face. Hardeep Kaur and I decided to work on the same subject of cultu ral difference in our Hope and aid Charitable trust. We decided to do people cognizant of the cultural difference and learn them about new civilization. We decided to do them aware of how to accommodate the new civilization. After finishing our undertaking based on our experience we came to cognize that aged people need more consciousness on cultural and cultural activities of New Zealand. They suffer from linguistic communication barriers and they truly needed aid.Team function & A ; Team member effectsMy group figure 3 consisting of 5 members named Narinder, Kulwinder, Hardeep, Jaskanwar, Harpinder had their single functions to finish this assignment. The job designation with principle was scheduled to Kulwinder. Harpinder was scheduled undertaking program including range, resources and job work outing theoretical accounts to be used. Jaskarn was scheduled research methods and procedure. The information aggregation and issues related to civilization was assigned to me ( Narinder ) . The remainder of portion 1 and portion 2 was comple ted with Co-operation of all the members of the group. Regular meeting was held to happen effectual solutions.Part 125 August we did foremost run intoing about grind analysis and elephantine charts after finish the category. 6 September our full group member down their assignment portion, which we have divided our group member that determination, we did at Hardeep kaur house and we did assignment portion 1Part 211 October we once more met at kulvinder kaur house to make place the job and we did speak about our charity which job we faced. 18 October we discussed BCG matrix at my place. 20 October we had a meeting at our college and discussed the KPI ( cardinal public presentation index ) . My other squad members organised to roll up informations about the people who need these services. Working kids of senior people were managed to understand that their parents experience place sick or they need to larn BASIC of the new civilization, country and society. While they are at work their parents need attending. They were made aware of how their parents will profit from the administration. The seniors were taught with slow and steady mode so that they can larn merely what is required. Different cultural people were invited at assorted events so that they can portion their positions and larn new thing that is most effectual in larning technique. Some nutrient stables were set up at assorted events so that they could larn about assorted nutrients of other civilizations. The aged people were made aware of that it is their demand to acquire some basic cognition about the country they live in and the civilization around their countries so that they can acquire easy adjusted with in new civilization. We got some transcribers who can voluntaries come and assist in doing it easier to cut down the communicating barriers. We used assorted schemes to transport on our occupations such as educate them and do them aware about the Hope and charitable trust. Teaching them English, approximately numeracy, currency, banking and how to pass on. Organise assorted workshops where they can sit and chew the fat with immature coevals. Supply them driving lessons local Aress. Making them cognizant how to cover with assorted authorities bureaus We tried to derive maximal support from household members of the aged people and childs. We invited assorted other trusts to take part so the societal work for world can be carried easy and every one in society can profit organize it. Assorted local newspapers were requested to publicize the events we are transporting. Even authorities was requested to supply some support to transport on our administration activities and fund were raised signifier other beginnings. Were worked as squad and tried to assist each other in finishing their activities they were assigned. Apart my specific function I helped in assorted activities such as in over sing the purpose of our administration and assisting Kulwinder in making so. Deciding the job, which we used to discourse every twenty-four hours in our meetings, supplying my positions to happen best solution. I managed clip agenda. I looked into the transit of aged people and to supply them cognition of local transit, timings of coachs and trains. I managed to organize their pick-ups from their place and drop them back. I tried to pull off some of my voluntary friends who had autos or new waves and can assist my administration. They used to supply free transit to our clients.Identified jobsWhile transporting on our responsibilities we faced jobs such as clip direction, financess, aggregation of informations about the people who need these services. The difference in civilization was a large barrier to finish this undertaking as assorted immigrants specially aged people lack English. Communication barriers be tween assorted cultural groups made the occupation spot hard. Different spiritual beliefs, different nutrient gustatory sensation etc are besides assorted factors that made it more competitory. Lack of engagement by people besides made it seize with teeth difficult to transport on our activities. Time was greatest factor set uping my squad as we all had short clip to finish this assignment.Procedure of solutionsOur expert squad members managed solution to assorted jobs. Some of illustrations are such as the intent of our administration was managed by all of our squad members. Group member scheduled the construction of our administration. We all communicated in honest and unfastened manner so that the needed consequence could be achieved. I encouraged my squad members on their treatment and positions they provided. This practise helped in supervising each other activities and supplying suggestions and edifice trust on each other. My squad how so of all time managed to finish this in scheduled clip frame but still in future I would state that we have to be organised specifically with our clip for better consequences. My squad member ‘s determinations that I agreed to I supported my consent to assorted determinations of my squad members about our clear motivation, single functions, unfastened treatments, adhering and showing corporate ides to happen better solution, repute of constitution, clip agenda, communicating with each of our squad members, back uping them. I agreed on utilizing the experiences and accomplishments of each other. We all agreed to follow some of the schemes while completing the assignment. My squad at some phases used following Schemes such as Swot Analysis and BCG matrix technique scheme was organised and studied and implemented by all of our squad members. The job resolution was discussed and solution found by all of us in our squad, five measure job resolution and squad the proper clip was rostered implemented the purpose of trust so that everyone can come to take and give his or her lessons. We organised assorted stables and events at assorted maps, shopping Centres to raise financess to transport on our administration activities and to supply assorted installations to people. We used to hold a brief meeting within all of our squad members to run our twenty-four hours to twenty-four hours activities and to make certain determination.RecommendationMy couples and I worked otherwise to do the plan easier for aged people. We discussed on how to do them larn and understand the new cultural difference. I practically tried to set up meeting with other aged peoples of different civilization. The get together were arranged such as little map or sitting together and chat and a cup of java or tea with some bites. I personally recommended the practical instruction that is blending of two or four people, sitting together and with aid of translator discoursing on nutrient, civilization, country cognition etc. It is the most of import portion of the assignment that helps in future. This recommendations can be used in farther activates if required by groups. As I have mentioned above about the clip direction, we had to finish this in really short clip span. This put batch of force per unit area on all of squad members. The force per unit area of clip frame being non plenty to team resulted in confrontation at some phases. Though they were resolved ASAP. But still it matters if there is adequate clip and the program is organised harmonizing to that. This undertaking being practical I would state that my squad needed more clip as we had to travel out in local Aress to roll up the information ‘s and so transport group treatment on that collected information to make to certain nonsubjective. In future assignment I would instead prefer to be really organized and utilize some other techniques to work out the jobs. I would urge to do anterior assignment on phone with household members of the aged people alternatively of strike harding door to door, the one our squad did this clip. This consequence in salvaging more clip by repairing anterior assignments. While doing assignment we can take their consent besides for engagement of their aged parents. Which in this assignment had to make after reaching the aged and destitute people.RestrictionsWe had to travel in front with in assorted regulations and ordinances from authorities. Authenticity of trust was to be created in heads and Black Marias of people. Limited beginnings of financess. Cultural spread and different behaviors of cultural groups are certain restrictions. I would state we would hold squad of atleast 10 members that will split our work and salvage clip because this we had to be multitask being less in figure. I would propose traveling and go toing a short workshop with any other similar administration to increase our ability to execu te. As we had many restrictions during this undertaking such as clip, adult male power, information, and computing machine installations.DecisionsThe trust we formed seems to be good to all of new immigrants particularly the aged who have nowhere to travel and pass the clip. We tried to make involvement among them and their households to diminish the barrier of communicating, solitariness, understanding of new civilization, country cognition and BASIC of about how to confront the jobs while they are new in the state. This is concluded that we learn esteeming each other feelings, sharing life experiences. I learnt how to be organised with my squad. I learned assorted agreements for fund elevation. This should be done before the start of undertaking to run into the disbursals.

Path-Goal Style Assignment Example | Topics and Well Written Essays - 750 words

Path-Goal Style - Assignment Example Path-Goal theory is also acknowledged as contingency theory which suggests that efficient leadership must be contingent in nature and comprise specific styles as well as attitudes in providing active support to the subordinates in accomplishing their respective work objectives (House, 1996). Thesis Statement This paper intends to discuss about Path-Goal theory relating to leadership style which implements by various organization in order to attain work objectives successfully. Moreover, the identification of the Path-Goal leadership style used in the situation of proving the tasks and the subordinates’ characteristics will also be discussed in the paper. Identification of the Path-Goal Leadership Style Used In Different Situations According to the Path-Goal theory, subordinates as well as task characteristics fundamentally creates an effective impact upon motivating the subordinates within the workplace. In this context, task characteristics comprise the design of formal autho rity arrangement of the organization and job structure of subordinates within the place of work. ... In relation to identify the leadership style of Path-Goal especially in the situation of subordinates’ characteristics, it has been viewed that the attributes of the subordinates of a specific organization decides how and which way the work objectives can be attained. In this context, the leadership style of Path-Goal signifies that the subordinates who possess effective qualities of association as well as cooperation can successfully accomplish their predetermined work targets. For instance if the business leaders understand the characteristics of the subordinates in every aspect of their working activities, then both the organizations as well as the subordinates can attain their expected work objectives (House, 1996; Northouse, 2009). Appropriateness and Effectiveness of Action Taken According to the theory of Path-Goal, subordinate characteristics and offering effective tasks to them can effectively influence the overall operations of the organizations by a greater extent. In order to determine the action of applying leadership style or theory of Path-Goal in the situations like providing tasks and subordinates’ characteristics, it has been apparently observed that this leadership style assists the subordinates by delivering them with appropriate directions and minimizing any ambiguous situation (Northouse, 2009). By considering the situation of subordinate characteristics, Path-Goal style always intend to provide assistance to the subordinates in order to overcome any sort of job uncertainties. In this regard, job uncertainties can deteriorate the operational performance or the work activities of the subordinates by a considerable level (Northouse, 2009). Thus, on the basis of the above discussion, it can broadly be stated that the aspect

Business law Essay Example | Topics and Well Written Essays - 1500 words - 3

Business law - Essay Example In accepting an offer, if an offerree introduces new terms or varies the terms of the offer, this will not constitute a valid acceptance, but will be viewed as a counter offer. For example, in the case of Hyde v Wrench3 the defendant’s offer to sell was not unconditionally accepted, the plaintiff responded with a counter offer, hence a contract did not come into existence and there was no obligation of any sort between the parties. In this case, Doors Software placed an order on 5 May 2003, with additional items included, such as installation of the servers at 10,000 pounds rather than the 15,000 pounds suggested by Hard Water Co and a change in the delivery time frame. This is likely to be viewed as a counter offer, rather than an acceptance of terms. On this basis, the original offer put forward by Hard Water Co. which included the price variation clause will be deemed to have been rejected, applying the precedent of Hyde v Wrench. According to Lord Denning no contract will come into existence unless and until the acceptance has been communicated to the offerer4. In this case, the counter offer by Doors Software has been communicated to Hard Water Co as the order form. This order form does not contain a price variation clause, however Hard Water Co has completed and signed the form and returned it to Doors Software without insisting on the price variation clause. On this basis, Hard Water Co will be held to have accepted the contract on the terms set out in the order form of the Doors Software Company. The question of contracts that are generated through standard business documents, like the order form, etc was examined in the case of Butler Machine Tool v Excell-O-Corp5 which is very similar to the instant case. Plaintiffs sent a letter of offer to defendants on their standard form, stating that these terms and conditions were to prevail over buyer’s order form. The defendants however returned an order form with different terms and

Discussion 1 intercultural communication Essay Example | Topics and Well Written Essays - 750 words

Discussion 1 intercultural communication - Essay Example Russett, Starr and Kinsella emphasized that students of world politics are better equipped than most because they are in a better position to become active citizens rather than passive objects of historical forces because they develop a good set of basic concepts and questions, a penchant for analysis, a healthy bit of skepticism on the conventional wisdom, tolerance for ambiguity, among others. (p. xv) I agree with this wholeheartedly. Studying world politics will not just keep me informed but instead it would enable me to be a learned individual in the sense that I am acquiring a broader perspective on issues as opposed to the insular mindset cultivated by the preoccupation to what is happening here in my immediate surrounding, in my own society and community. The world is vast and there are lots of ideas, point of views, opinions, alternative solutions, versions to a problem. They are waiting to be discovered and tapped and world politics is just the right discipline for me to do just that. What impact will knowledge of World Politics have on your professional career?   Knowledge, as the cliche puts it, is power. ... t would impact my career since the field can address issues about security as well as progress, order, war, justice, even the decisions concerning life and death are sufficiently covered. According to Little and Smith, each day the global politics, problems and relations are changing, and that it is always in a state of flux. (p. 1) Without the basic concepts learned from the discipline, it would be difficult to make heads or tails of issues that are important especially in decision making. World politics can enable me to make sense of the seemingly chaotic variables into coherent patterns as well as identify, learn and apply numerous theories about an issue or an area, making my analytical capabilities better than the average. I think that this skill is invaluable particularly if I pursue a career not just as a diplomat but as a politician or some work within the political arena, I would be much more equipped to survive in the field because my awareness of the international events w ould enables me to navigate a sector that is increasingly being characterized by several globalizing forces. In this context, I would become an invaluable asset as well in the economic field, even in defense. What is your metaphor?   I have always thought that THE American is like the salesman that knocks on your door, selling not just encyclopedia, but an array of wares that would put a gypsy or a tinker to shame. When the housewife opens the door and refuses the very first product shoved under her nose, a new and different ware would immediately takes its place, and another, until a sale is finally concluded. At first glance or for other people such metaphor could immediately be equated with an unscrupulous character or identity not unlike how the many American lawyers chase ambulances or

An Alternate Feministic Ending to Charlotte Perkins Gilman's The Term Paper

An Alternate Feministic Ending to Charlotte Perkins Gilman's The Yellow Wallpaper - Term Paper Example While I was on top of him, John wrestled against me with his hand grabbing my hair but my hands squeezing his face and mouth. We rolled and rolled and rolled until I was under him trying to lock his neck with my strong arms. As he struggled to free himself from my grasp, he bit me in the arm and I screamed as blood spurted out of the cut where his sharp teeth buried. While I screamed, he pushed me with his head towards the wall behind me and when I banged my head on the wall with a loud thud, I growled in pain and consequently I loosened my grasp, and he twisted and turned towards me while grasping and squeezing both my wrists with his tight fists and never letting me go. â€Å"You whore! How dare you do that to me! What makes you think you are stronger than me? And what makes you think you can get away, huh!† John was screaming at me in a rhythm that corresponded to the thudding that my head made on the wooden floor. All the while I was right! Although I thought once that Joh n loved me very dearly, now I realize that it is never true. That is why I knew I was a little afraid of him, and that is why whenever he came, I had to put this away for he hated to have me write a word. I was momentarily dazed at this shocking realization and then I uttered a muffled cry as John finally grabbed hold of my neck with both hands and started choking the life out of me while I felt my weak legs helplessly kicking at him. Then, as I felt tears coming out of my puffy eyes and oxygen leaving my twitching chest through my gaping mouth, my eyes moved to the back of John as I smelled a familiar odor and witnessed a most horrid sight. My initial reaction was fear as I remembered I have always feared John. But when I saw the creeping women come into the room through the window and as many more came out of the yellow wallpaper from behind me, I knew the day of reckoning came. Their dark creeping shadows loomed around me and John, and I could see the expression on his face chang e from rage to horror. The creepers had long disheveled hair that hung around to cover some part of their dark, deathly yellowish pale countenance. The deep set eyes and dark circles were perhaps proof of the sleepless nights that they spent in struggling out of the yellow wallpaper. Their arms and legs were twisted perhaps from the pressure of having to shakes the bars of the patterns of the yellow wallpaper. Yet they smelled the same peculiar yellow odor that matched their yellowish skin and teeth. One of the crawling women twisted her bones and sinews several times in order to assume a standing position in front of him while he was there standing petrified in fear and he could feel his he could not move his sinews even a bit. All he could do was utter a shriek akin to that of a child whose head was banged to the wall just like how hard John banged mine several times just a while ago. I also heard from him the same muffled cry of fear that I let out while he was choking me, and my eyes moved to the wet spot in his pants that gradually grew wide as he kept wetting them in horror. As the terrifying figure loomed in on him, John finally screamed but before his instincts could make him punch the figure’s face, two other creepers from the back grabbed his arms and held them behind him. His fear seemed to have drained all the energy out of his body as he merely grimaced and twitched his neck upwards as if avoiding the face that was getting closer and closer to him.

Business Globalization in China Essay Example | Topics and Well Written Essays - 750 words

Business Globalization in China - Essay Example To be able to create a comprehensive business report, we need to evaluate the background of business dynamics by keeping in mind the social fabric. Accumulating all necessary data regarding China's business prospects will require careful study of the government's past and present policy. We need to assess China's history to completely comprehend the progress and development of the Chinese economy. China offers a lot of compelling reasons that make it an attractive business destination and hence it is imperative that business entities have local knowledge about China and the different cultural, economic and business idiosyncrasies. To get a first-hand experience about the local business dynamics, we will administer a comprehensive interview with local entrepreneurs to get the essence of China's business environment. Additionally, we want to interview both successful and unsuccessful local and international entrepreneurs who have done businesses in China so as to get unbiased views. In addition to qualitative analysis of Chinese business customs, this report will have a quantitative analysis that will have statistical data and in formation that support our hypothesis. Surveys will also be carried out to create graphic and numerical representations with regards to the economic condition and the market system of China. The process of shifting from closed, protected and government regulated economy to a globalized economy is generally a turbulent one. However, the decision to shift had been a compulsion and not a luxury. The importance of globalization and integration with the world economy was in critical for the growth of any economy. Globalization has led to numerous improvements and innovation in technology and business, and has touched our everyday life. Globalization has not only opened the doors to foreign markets for Chinese goods, but it has also created numerous avenues of growth for other economies. Through globalization, we have experienced a balance of global economic and technological activities between countries from the Far East and countries from the Far North. Additionally, globalization has positively impacted small and micro enterprises all over the world. Regardless of how big or small the business venture is, it is inevitable for any company to adapt to new business dynamics. China's attempt for global expansion has triggered a growth of the country's economy, political and business system. In addition to foreign markets, the local demand has also increased tremendously and that has led to the initiation and growth of many small businesses in China. Due to this fact the standard of living, Gross Domestic Product and income per capita of the Chinese inhabitants have significantly improved over a period of 10 years. Moreover, the rapid abolishing of government regulations by the communist regime has brought countless small and micro enterprises to the forefront of globalization. China has become a string global economic force that other countries need to recognize. Hence, the new look China is a very important player in the new world economy scenario. 3. SOCIAL CUSTOM AND BUSINESS CULTURE Just like any society, China

Statistical Analysis of Research Results Paper Example | Topics and Well Written Essays - 1500 words

Statistical Analysis of Results - Research Paper Example 239 5 56 29 570 8 97 50 241 2 58 29 580 11 108 56 242 3 61 31 590 13 121 63 243 5 66 34 600 9 130 67 245 2 68 34 610 8 138 71 246 7 75 39 620 10 148 76 247 6 81 42 630 6 154 78 248 4 85 43 640 7 161 82 250 7 92 47 650 12 173 89 251 3 95 48 660 9 182 93 252 6 101 51 670 2 184 92 253 8 109 56 680 1 185 92 255 9 118 61 690 5 190 96 256 6 124 63 710 4 194 98 257 9 133 68 720 1 195 97 258 7 140 71 730 1 196 98 259 6 146 74 760 1 197 98 261 5 151 76 770 1 198 99 262 4 155 78 780 2 200 100 263 5 160 80 790 1 201 100 264 2 162 81 265 7 169 85 266 8 177 90 267 6 183 92 269 2 185 92 270 12 197 100 271 2 199 99 300 2 201 100 Data from Table 1 shows that 51% of the students scored below the Grade 11 Math Score of 252 indicating that half of the populations may be having difficulty with the subject. However we see from Table 2 that the median SAT Math Score of the students is 570. Since SAT scores range from 200-800, a score of 570 for Math may be considered as above average and meets the minimum requirement of some major public universities in the country. With this result, it is of further interest to see consider some factors which have effect on SAT scores. The dataset contains 7 variables namely: Student Identifier Number, GPA, Track Rank, Grade 8 Science Assessment Score, Grade 8 Language Assessment Score, Grade 11 Math Assessment Score and Grade 11 SAT Score for Math. It is of interest to determine the how these variables affect each other. Pearson's correlation, often denoted as r, can be used to compute for the degree of relationship two variables have with each other. The closer the value is to 1, the more associated the two variables are. Values for the Pearson's correlation coefficient may be either...However we see from Table 2 that the median SAT Math Score of the students is 570. Since SAT scores range from 200-800, a score of 570 for Math may be considered as above average and meets the minimum requirement of some major public universities in the country. With this result, it is of further interest to see consider some factors which have effect on SAT scores. The dataset contains 7 variables namely: Student Identifier Number, GPA, Track Rank, Grade 8 Science Assessment Score, Grade 8 Language Assessment Score, Grade 11 Math Assessment Score and Grade 11 SAT Score for Math. It is of interest to determine the how these variables affect each other. Pearson's correlation, often denoted as r, can be used to compute for the degree of relationship two variables have with each other. The closer the value is to 1, the more associated the two variables are. Values for the Pearson's correlation coefficient may be either positive or negative. A negative value for Pearson's correlation indicates that as the value of one variable goes up, the value for its associated variables goes down or vice versa. A positive value for Pearson's correlation indicates that the values for both variables increase and decrease together. It is computed as follows: Ho

The Fax Machine Research Paper Example | Topics and Well Written Essays - 1750 words

The Fax Machine - Research Paper Example It first became an office workhorse in the 1980s and has continued to appear on business cards ever since! Although threatened by more advanced technologies like scanners, printers and email, the fax machine continues to dodge extinction and to remain attractive to businesses and individuals. Fax Machine’s Share in the History of Communications Alexander Bain, a Scottish mechanic, invented the fax machine or ‘facsimile’ in 1843 in Britain. Bain’s fax machine used a stylus attached to a pendulum that scanned an image or text on a metal surface. The machine used by Bain was a combination of several clock parts that worked in sync with a telegraph machine. It transferred encoded image data via telegraph lines. This machine however did not gain significant ground at the time of its inception, and people soon abandoned it due to its bulky size and limited utility. 1 The invention of the telephone in 1876 revived the use of fax machines, which then used telephone lines for data transmission. Later on, these machines could also transmit data via radio waves. By 1924, journalists faxed photographs to distant newspapers, and by 1955, radio fax enabled the transfer of data across continents. Newspapers and weather services were the earliest users of fax machines for transferring photographs and weather maps across the world.2 By 1980, telephone-based fax machines had gained immense popularity because of their reduced prices and fixed Grade 3 standards of operation. About a million fax machines were sold in 1988 alone, and they became the fastest selling machines adorning homes and office desktops word wide.3 Fax machines proved to be of immense utility to the Japanese. The Japanese alphabet has thousands of characters, and keypads can only afford a limited number of keys. Fax machines provided the Japanese an easy way of transferring their written documents. According to the American facsimile association, about 50% of all calls made in the 198 0s to the USA from Japan were to fax machines.4 Frank Vizard, a contributing editor of Popular Mechanics magazine, has suggested that the increasing popularity of fax machines blurred the line between the home and the office, as business documents could easily be faxed to homes within seconds. People dealt with work related documents from the comforts of their homes. Fax machines soon replaced postal mailboxes and reduced the time of delivery of documents. They became a convenient tool for telecommuting before the advent of the email. This was both a convenience as well as an inconvenience, as people felt increasing pressure to work from home.5, 6 Are Fax Machines Becoming Obsolete? – Not Yet! Fax machines, which were at risk of extinction right after their invention, were revived by the invention of the telephone and later by the invention of the radio. After the advent of email, hybrid printers and scanners, fax machines were again under threat of extinction. Yet again, the y adapted to changing times by incorporating advanced features like LAN connectivity, LCD displays, and Fax over IP capabilities. Fax machines also doubled up as copiers. Prominent scanner and printer manufactures have also incorporated faxing capabilities in some of their models. Fax machines can now convert paper copies into TIFF and PDF files that can be sent as email attachments. Fax machines today are fully equipped with broadband connection

Poverty in India Essay Example for Free

Poverty in India Essay Poverty is the deprivation of food, shelter, money and clothing that occurs when people cannot satisfy their basic needs. Poverty can be understood simply as a lack of money, or more broadly in terms of barriers to everyday life. It refers to a situation where a person is unable meet the basic necessities of life. Absolute poverty or destitution refers to the state of severe deprivation of basic human needs, which commonly includes food, water, sanitation, clothing, shelter, health care, education and information. The amount of income a person or family needs to purchase an absolute amount of the basic necessities of life. These basic necessities are identified in terms of calories of food, BTUs of energy, square feet of living space, etc. The problem with the absolute poverty level is that there really are no absolutes when in comes to consuming goods. Relative poverty views poverty as socially defined and dependent on social context, hence relative poverty is a measure of income inequality. Usually, relative poverty is measured as the percentage of population with income less than some fixed proportion of median income. There are several other different income inequality metrics, for example the Gini coefficient or the Theil Index. Relative poverty measures are used as official poverty rates in several developed countries. As such these poverty statistics measure inequality rather than material deprivation or hardship. The measurements are usually based on a persons yearly income and frequently take no account of total wealth. Definitions United Nations: Fundamentally, poverty is a denial of choices and opportunities, a violation of human dignity. It means lack of basic capacity to participate effectively in society. It means not having enough to food and clothing a family, not having a school or clinic to go to, not having the land on which to grow one’s food or a job to earn one’s living, not having access to credit. It means insecurity, powerlessness and exclusion of individuals, households and communities. It means susceptibility to violence, and it often implies living in marginal or fragile environments, without access to clean water or sanitation. World Bank: Poverty is pronounced deprivation in well-being, and comprises many dimensions. It includes low incomes and the inability to acquire the basic goods and services necessary for survival with dignity. Poverty also encompasses low  levels of health and education, poor access to clean water and sanitation, inadequate physical security, lack of voice, and insufficient capacity and opportunity to better one’s life. Copenhagen Declaration: Absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to social services. The term absolute poverty is sometimes synonymously referred to as extreme poverty. World Health Organisation: Poverty is associated with the undermining of a range of key human attributes, including health. The poor are exposed to greater personal and environmental health risks, are less well nourished, have less information and are less able to access health care; they thus have a higher risk of illness and disability. Conversely, illness can reduce household savings, lower learning ability, reduce productivity, and lead to a diminished quality of life, thereby perpetuating or even increasing poverty. Poverty line is the minimum level of income deemed adequate in a given country. In practice, like the definition of poverty, the official or common understanding of the poverty line is significantly higher in developed countries than in developing countries. The common international poverty line has in the past been roughly $1 a day. In 2008, the World Bank came out with a revised figure of $1.25 at 2005 purchasing-power parity (PPP). Determining the poverty line is usually done by finding the total cost of all the essential resources that an average human adult consumes in one year. Individual factors are often used to account for various circumstances, such as whether one is a parent, elderly, a child, married, etc. The poverty threshold may be adjusted annually. Below Poverty Line is an economic benchmark and poverty threshold used by the government of India to indicate economic disadvantage and to identify individuals and households in need of government assistance and aid. It is determined using various parameters which vary from state to state and within states. The present criteria are based on a survey conducted in 2002. Going into a survey due for a decade, Indias central government is undecided on criteria to identify families below poverty line. Poverty in India The problem of poverty and unemployment is considered as the biggest  challenge to development planning in India. High poverty levels are synonymous with poor quality of life, deprivation, malnutrition, illiteracy and low human resource development. The slogan of poverty eradication has been adopted by all political parties in one form or another and there is a national agreement for the goal of poverty alleviation. The national consensus on poverty alleviation provided the necessary condition for launching various schemes and programmes aimed at achieving this objective. But the persistence of poverty during all these years suggests that the national consensus on objectives did not and could not provide sufficient conditions for poverty alleviation. The starting point for estimating the number of households below the poverty line is a nutritional requirement per person per day at some base point. There is a debate on the minimum calorie requirement, and whether it should be the same for all parts of the country. Most acceptable figures are 2,400 calories per person per day in rural areas, and 2,200 calories per person per day in urban areas. The next step is to translate the nutrient requirement into monetary terms. The expenditure level of households which are able to spend the requisite amount to obtain the desired calories serves as the cut-off point, or the poverty line. To adjust the poverty line over a period of time, price variations have to be considered and an appropriate price deflator has to be selected. The problem arises in deciding upon such a deflator. Thus, the following elements mainly affect the magnitude of the poverty ratio: (i) the nutrition norm (translated into monetary terms); (ii) price deflator used to update the poverty line; and (iii) pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and above the poverty line. Different assumptions and methods are used for these three purposes, which accounts for the different estimates provided by scholars. The Planning Commission has been estimating the incidence of poverty at the national and state level using the methodology contained in the report of the Expert Group on Estimation of Proportion and Number of Poor (Lakdawala Committee) and applying it to consumption expenditure data from the large sample surveys on consumer expenditure conducted by the NSSO (National Sample Survey Organisation) at an interval of approximately five years. Estimates of Poverty (Per cent) Year All India Rural Urban All India Poverty Ratio Rural Poverty Ratio Urban Poverty Ratio Number (per cent) Number (per cent) Number (per cent) (Million) (Million) (Million) 1973-74 321 54.9 261 56.4 60 49.0 1977-78 329 51.3 264 53.1 65 45.2 1983 323 44.5 252 45.7 71 40.8 1987-88 307 38.9 232 39.1 75 38.2 1993-94 320 36.0 244 37.3 76 32.4 1999-2000 260 26.1 193 27.1 67 23.6 2004-05 239 21.8 170 21.8 68 21.7 Problems caused due to poverty Human poverty measures suggest even worse outcomes than for income poverty in India. India has never been a good performer in human development terms, despite the much better indicators in some states, particularly Kerala. Overall, both health and education indicators have lagged well below those in other countries at similar levels of development and with similar per capita income. But food poverty has been of particular concern. Recent studies have shown alarming levels of hunger, especially in certain states of India. Studies by IFPRI and ISHI quoted in Banerjee (2008) suggest that most states in India rank somewhere among the poor Sub-Saharan countries:  Punjab, Kerala, Andhra Pradesh and Assam have a „serious‟ level of hunger; Madhya Pradesh fares worst in the „extremely alarming‟ cohort of hunger. All the other states record an „alarming‟ level of hunger, which is also the general ranking for the whole country. More appallingly, the situation appears to have worsened in the recent period of rapid economic growth. National Sample Surveys shows declining per capita calorie consumption, not only among the entire population, but also among the bottom quartiles, for which consumption was already very inadequate by international standards. Other indicators of both nutrition and health are also extreme. The latest National Family Health Survey for 2005–06 shows that the proportion of underweight children below the age of five years was 45.6 per cent in rural India and 32.7 per cent in urban India, indicating hardly any change from the previous survey undertaken eight years previously. More than one-third of the rural population was also underweight. Anaemia often a good indicator of nutritional deprivation was also widespread: 79.2 per cent of children aged 12–23 months and 56.2 per cent of ever-married women between 15 and 59 years were found to be anaemic. Conclusion Poverty Alleviation Programmes The poverty alleviation programme have been broadly classified into self-employment programmes, wage employment programmes, food safety programme and social security programmes. The focus is on the central government schemes only. It is not possible to map the special programmes of all the states. It must be noted here that some of the progressive states have added additional components or given further subsidy to enhance the benefits of the central schemes. For example, in the highly subsidized public distribution system of Andhra Pradesh, the BPL card holders were provided rice at Rs. 2 per kg. Self-employment programmes: This programme was started in 1970s in rural areas of the country in the name of Integrated Rural Development Programme (IRDP) to increase the source of income of small farmers and landless labourers. The beneficiaries were given subsidized credit, training, and infrastructure, so that they could find new sources of  earning. In this scheme, agricultural labourers and small farmers received new skills to involve in vocations other than cultivating land. They included fishery, animal husbandry, and forestry. In the 1980s, this scheme was extended to schedule castes and tribes, women and rural artisans. Wage employment programmes: The main purpose of the wage employment programmes is to provide a livelihood during the lean agricultural season as well as during drought and floods. Under these programmes, villagers worked to improve the village infrastructure such as deepening the village ponds, constructing village schools and improving the rural roads. Thus the programmes not only provided employment to the villagers but also improved village infrastructure and created village public assets. A positive fall out of this programme is that it created higher demand for village labour, thereby pushing up the wage of the labourer in the villages. Food security programmes: Meeting the very basic need of access to food is a major challenge to the government in the post-economic reform era. Those who are below poverty line are faced with the problem of meeting this very basic need. Starvation and hunger have been reported in different parts of the country, even in economically advanced states like Maharashtra. There is malnutrition in all age groups, especially among children. Problem of low birth weight due to under nutrition of mother during pregnancy and underweight of children are rampant in the country. The purchasing power of certain section of the society is so low that they cannot access food at the market price. They need the safety net of food subsidy. In this context, public distribution system or PDS assumes importance. Social security programmes: Social security programmes are meant for those who are at the bottom of the BPL facing destitution and desertion. The central government has launched the National Social Assistance Programme or NSAP in August 1995. Under NSAP, there are three schemes. The first one is the National Old Age Pension Scheme or NOAPS. A pension amount of Rs. 75 per month is given to those who are above the age of 65 years and are destitute without any regular source of income or support from any family members or relatives. Though it is a very useful scheme for the elderly destitute, the coverage of the programme was not satisfactory. In the year 1999-2000, 8.71 million eligible elderly were identified, but the scheme could reach out to only 5 million beneficiaries. It was found that the benefits really reached the  poor and the leakage rate was found to be low.

Tata Motors Capture Increase Market Share In India Marketing Essay

Tata Motors Capture Increase Market Share In India Marketing Essay The acquisition of the two global brands- Jaguar and Land Rover acts in a crucial way to increase and develop the brand reputation and the quality of products for Tata Motors. It provides plenty of opportunity to the Indian consumer and the developing Indian automobile market can also help the launch of brands in the long-term. It can reap economies of scale through component sourcing and low cost engineering. Weakness: With different product portfolios for both brands it will be a challenging task ahead to market the same in the price sensitive Indian market. But this could be overcome through proper market research. Another concern is the diminishing image due to the continued losses and a de motivated work force due to the change in management. With right training and incentives and proper marketing strategies the company can convert these negatives to strengths. Opportunities: This launch is a great opportunity for the Indian customer and target the growing Indian market. Automobile market is developing in India and placed with launch of Nano, Tata Motors will be in a good position capture a larger share of the market. Threats: Increasing fuel prices combined with global meltdown will be a challenge for the company to stay afloat and over come the losses. In addition the strong competition can threaten the expected sales of the company. However the inherent financial and managerial strength of the conglomerate should be able to let the company withstand the challenges and move ahead. A danger that remains is that with the new ownership international brand loyalties may change and customers may move towards other models in the market. Ansoff Matrix: The Ansoff Matrix is an analytical tool that helps managers to devise their product and market growth strategies. It consists of four growth strategies namely- Market penetration, Market Development under new and existing and markets AND Product development, Diversification under new and existing products.  [2]   Ansoff Matrix- Existing product New product Existing market Market penetration This strategy mainly applies for those businesses that focus on selling existing products in the existing markets. It is a low- risk strategy and helps to increase the market share of itsà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢ current products.  [3]   Product development This strategy involves businesses aiming to sell new products in existing markets. This strategy is also a reason for acquiring another company as the costs of starting another company can be saved and different types of customers can be catered. This strategy is also useful for businesses using brand expansion strategies.  [4]   New market Market Development This method serves for those businesses that apply the strategy of selling existing products into newer markets.  [5]  Such techniques are used by businesses that plan to expand their business and attain higher customer base. Diversification It refers to the high risk growth strategy that involves a business marketing new products in new markets. Parent companies can benefit from having a presence in a range of products and markets in different regions of the world.  [6]   Market Penetration- Tata could continue with the same strategy that it had adopted for the UK for the rest of world. The estate, coupe and open saloon models of Jaguar and the Freelander and Range Rover sport of Land Rover selling in the existing markets UK can help them to gain profits and increase in sales in other markets due to the reputation of the brands. For the new models that are planned to launch, promoting and advertising can be a good choice for the firms to maintain their position in the market and to attract more consumers and build customer loyalty. Tata Indica and other commercial vehicles like Tata Ace are examples of Tataà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s market penetration strategy that exist in the existing markets and are still earning them great profits. Market Development Tata Motors have applied this strategy to this launch plan as they are already beginning to sell the most famous and highly appreciated products of both the brands such as the XF, XK and XJ models of Jaguar and Defender, Discovery, Range Rover Sport and Range Rover models of Land Rover in the Indian market that is completely new for both the firms. Also, while the other long and short-term plans are being strategized, these products can help the firm to have a great introduction to the market and the reviews can help the business in planning for their future types of products. Establishing popularity and brand loyalty with successful products can be a good option for the firm to begin with in India. Product Development- Tata Motors are launching the smallest car the famed Tata Nano in the Indian markets which is a new product by the firm and launched in existing markets of India and other countries where Tata Motors operate. This car can be useful for the firm as they can easily generate profits through this product as well as their brand name. Also, the firm can compete with other businesses in the same market with the help of these products. Tata Starbus and Tata Xover are other new products that have been launched by Tata Motors in India and other existing markets of Tata Motors. Diversification- The new products planned by Tata Motors through the Jaguar and Land Rover brands can be categorized in diversification. The company plans of manufacturing hybrid, electric and bio-fuels based and environmental friendly cars with the help of latest technology through both of these brands which can be useful in boosting the brand image of the firm. Also, there may be an increase in the profits of the firm as the hybrid cars are said to be the future of automobiles in order to save the earth from pollution. These new products launched in the new markets of India and others can be termed as diversified strategy of the firm. Tata Nano can also be included in this strategy as it is also a new product and is planned to be launched into new markets of African and Asian countries. Asset led marketing: Asset led marketing is a strategy that is adopted by the business for the sales of their products or services. Here, the firm uses its intangible assets for introducing a new product in the market. Tata Motors is a well-established and well-known firm and a part of the parent company Tata and Sons. Thus, in order to launch its products or services in the market and start off with immediate sales and profits, Tatas can use this which may even be applicable for launching the two automobile brands. Tata Motors have been in the news for past several months due to the launch of the worldà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s cheapest car in India- Tata Nano manufactured by their own company. Simultaneously launching two brands can help Tatas in gaining a lot of customer attention and thus a larger customer base. The well established and elegant brands with the giant prestige of Tata Motors can help the firms in garnering huge amounts of profits and gaining control over their competitors. Evaluation : The biggest advantage of this acquisition is that the firm might see an increase in sales of the cars due to both firmsà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢ worldwide luxury brand reputation and also due to the services and quality provided by the cars. But at the same time, the number of competitors in the booming automobile market of India has increased and finding their way out to satisfy the customers with different marketing strategies can be very costly for the firm. Tata Motors can implement various strategies such as advertising and also, various schemes can be used which guarantee consumer satisfaction and can also prove to be a part of customer attraction. These strategies can prove to be useful in boosting the brand image and the sales of the company as well. Short- term problems faced by the firm may be the recovering of the costs that has been put into the acquisition and the launch of Jaguar and Land Rover cars. The high manufacturing costs of Tata Motors, Jaguar and Land Rover might prove to be another reason for the losses in the accounts of the Tata Motors. The long-term problems can be an increase in competition as the Indian automobile market is developing at a rapid rate. If the company suffers losses, then there might be the need for job redundancies, thus leading to worker de-motivation. Conclusion: To conclude, the acquisition of Jaguar and Land Rover brands may be risky due to the global slowdown but Tata Motors with its brand name and established presence in India can succeed in the long run. Tata Group, a huge multinational giant worldwide can capitalize through cross-subsidization. I think that by promoting the products and launching it along with Tata Nano will be useful as each can be a backup for the other in the future. The workforce can be motivated through good learning experience as they may have access to the technology used in manufacturing these premium cars but at the same time, if the products fail to create a mark on customers, the workers may feel insecure as job redundancies may be adopted by Tata Motors to struggle with their own financial portfolio. Bibliography- http://uk.reuters.com/article/idUKTRE55R0LK20090628?pageNumber=2virtualBrandChannel=0 http://www.autoblogs.in/2009/06/tata-jaguar-land-rover-launch-india.html http://free-sms-mms.blogspot.com/2009/06/tata-jaguar-land-rover-launched-in.html http://www.zeenews.com/news542730.html http://sify.com/finance/fullstory.php?id=14790692 http://www.businessworld.in/index.php/In-The-News/Rough-Roads-Ahead.html http://business.outlookindia.com/inner.aspx?articleid=1225subcatgid=611editionid=36catgid=44 http://www.tata.in/media/reports/inside.aspx?artid=r8CuZiHSZ2o= http://money.rediff.com/companies/tata-motors-ltd/10510008/profit-and-loss http://www.moneycontrol.com/financials/tatamotors/profit-loss/TM03 http://www.moneycontrol.com/financials/tatamotors/balance-sheet/TM03 http://www.moneycontrol.com/financials/tatamotors/ratios/TM03 http://en.wikipedia.org/wiki/Tata_Motors

The Roaring Twenties :: American America History

The Roaring Twenties Americans, in the years following the end of World War I found themselves in an era, where the people simply wished to detach themselves from the troubles of Europeans and the rest of the world. During the years of the Twenties, the economy was prosperous, there was widespread social reform, new aspects of culture were established, and people found better ways to improve their lifestyle and enjoy life. The 1920's exemplified the changing attitudes of American's toward foreign relations, society, and leisure activities. Following the end of World War I, many Americans demanded that the United States stay out of European affairs in the future. The United States Senate even refused to accept the Treaty of Versailles which officially ended World War I and provided for the establishment of the League of Nations. The Senate chose to refuse the Treaty in the fear that it could result in the involvement of the United States in future European wars. Americans simply did not wish to deal with, nor tolerate the problems of Europe and abroad. There were many problems running rampant throughout the country following the conclusion of the war. One of the greatest problems which arose was the Red Scare which was seen as an international communist conspiracy that was blamed for various protest movements and union activities in 1919 and 1920. The Red Scare was touched off by a national distrust of foreigners. Many Americas also kept a close eye on the increasing activities of the Klu Klux Klan who were terrorizing foreigners, blacks, Jews and Roman Catholics. Once Americans put the war behind them, they were able to forget the problems of European affairs, and focus on the country, their town, and themselves. Americans found themselves in a period of reform, both socially and culturally. Many feared that morality had crumbled completely. Before World War I, women wore their hair long, had ankle length dresses, and long cotton stockings. In the twenties, they wore short, tight dresses, and rolled their silk stockings down to their knees. They wore flashy lipstick and other cosmetics. Eventually, women were even granted the right to vote with the passing of the 19th Amendment. It was up to this time period that women were not seen as an important aspect in American society. As if rebelling from the previous position of practically non-existence, women changed their clothing, their fashion, and even cut their hair shorter into bobs which were very similar to the style of men.

Students with Special Needs in the Language Classroom Essay examples --

Students with Special Needs in the Language Classroom Students that show the need for special education are those who have more difficulties that the rest of the students in understanding curriculum that is at their age level. Reasons for the difficulties could be the result of a series of internal causes or the result of an inadequate educational approach. To overcome these deficiencies, the student needs a series of conditions that offer special adaptations to ordinary curriculum, such as including a list of specific resources that the students can use that differ than those which the school offers on a daily basis. The language teacher has to pay special attention to the use of written and oral language in the foreign language in the classroom. There are effective motivation devices that, with correct use, help the slower learners include themselves in the progress of the class, as well as ensure that the gifted students do not lose time or get bored. There are also useful devices for those studetns with special needs; in carefully selected materials they can find the help necessary to reach the objectives layed out for their situation. The teacher should pull the maximum benefit from the interaction among students through performing and acting out role-plays, readings, recordings or songs, description of illustrations, photographs, etc. Also the teacher could find beneficial the oral comprehension exercises, in which the students must find some particular information. The teacher must consider that the student's learning difficulties mainly have interactive origins. This means that the difficulties depend as much on the student's own characteristics as on the environment in which the student de... ...rn themselves into investigators by reflecting on their own actions, primarily thinking about: * If they adapt the course contents to the levels of the students, with the lessons being taught more or less to the middle level of the group * If they teach specific lessons for students with special needs * If they apply the curriculum openly, concentrating on the students' interests * If they study at great length every situation that arises in the classroom * If continuous attention is given to diversity in curriculum diversivication programs * If the faculty's suport is necessary to carry out the personalized attention * If they use materials other than the textbook * If they look into psycho-pedagogical studies * If they carry out and use the results from the initial evaluation as an information source for future action

The Workings of Destiny, Fate, Free Will and Free Choice in Oedipus the

Fate in Oedipus Rex    Sophocles' tragic tale of Oedipus presents the reader with a very bleak view of mankind and the world in general. According to the story, every person is predestined to enact a role scripted by fate, a "mysterious power" that rules even the greatest of Greek gods (Hamilton, 27). In this tale, the source of this fate is not as clear as its function.   Ã‚  Ã‚  Ã‚   The first of many allusions to fate in Oedipus the King comes from the chorus, which calls upon the gods Athena, Artemis, and Phoebus (Apollo), "three averters of Fate," (Sophocles 163) to save Thebes.   The phrase implied that the gods could help man avoid the dictates of fate, but that they cannot alter fate.   Sharing the terrible facts of Laius' death, Teiresias tells Oedipus:   "It is not fate that I should be your ruin, Apollo is enough; it is his care/to work this out" (Sophocles 376-378).   The prophet's pronouncement links fate and Apollo, yet he suggest... ... the Sphinx in its puzzling presence and ruthless punishment of the innocent.   If Oedipus the King does not define fate, it aptly demonstrates its workings.    Works Cited: Greene, David and Richmond Lattimore, Eds.   Greek Tragedies.   2nd ed. Vol. 1. Chicago:  Ã‚  Ã‚   U of Chicago P, 1991. Hamilton, Edith.   Mythology.   New York:   Penguin, 1969. Sophocles.   "Oedipus Rex."   An Introduction to Literature, 11th ed.Eds. Sylvan Barnet, et al.   New York: Longman, 1997.

Letter of Successful Probation Essay

Letter of a successful probation period template |You can use this letter to provide an employee with written confirmation that his or her employment will continue beyond the | |probation period (if applicable). You are not required by law to provide a letter like this or to have employees on probation. | |Information you will need to fill in: | |the end date of the probation period | |that the probation ended successfully, and | |the start date of the person’s ongoing employment with the business. | |Please note, a probation period does not affect any entitlements employees receive under the National Employment Standards or a | |modern award, such as annual leave, personal leave, and notice of termination. The probation period may be different to the minimum | |employment period for unfair dismissal applications. | Suggested steps for preparing a letter of successful probation period If at any time you need more information or assistance, call the Fair Work Infoline on 13 13 94 or visit www.fairwork.gov.au. Step 1:Create your letter of a successful probation period It is best practice to confirm with your employee that his or her employment will continue beyond the probation period. The letter should be given to the employee before the end of the probation period. When drafting the letter you should: †¢ review the letter of engagement to check the length of the probation period, and †¢ check whether the relevant industrial instrument (e.g. an award or an enterprise agreement) contains any compulsory rules about probation. This template has been colour coded to assist you to complete it accurately. You simply need to replace the red < > writing with what applies to your employee and situation. Explanatory information is shown in blue italics to assist you and should be deleted once you have finished the letter. Step 2:Meet with the employee While it is best practice to meet with an employee towards the end of their probation period, there is not a legislative requirement to do so. Meeting face to face is an opportunity for you to: †¢ provide feedback to the employee about their performance or conduct, and †¢ explain why the probation period was successful. Step 3:Keep a copy of the letter of successful probation period Keep a copy of the letter given to the employee and document the meeting for your records. Private and confidential Dear Probation successful Your probation period with is due to end on . I am pleased to confirm your ongoing employment effective . The terms and conditions of employment set out in your original dated will continue to apply to your ongoing position. Thank you for your contribution to . Yours sincerely, ———————– PLEASE KEEP A COPY OF THIS LETTER FOR YOUR RECORDS ———————– Fair Work Ombudsman is committed to providing useful, reliable information to help you understand your rights and obligations under workplace laws. It is your responsibility to comply with workplace laws that apply to you. The information contained in this publication is: †¢ general in nature and may not deal with all aspects of the law that are relevant to your specific situation; and †¢ not legal advice. Therefore, you may wish to seek independent professional advice to ensure all the factors relevant to your circumstances have been properly considered.

Critical Analysis of Delta Airline

Critical Analysis of Delta Air Lines, Inc. Financial Reporting and Disclosure Table of Contents Description of Delta Air Lines, Inc. Background, Industry, Market3 Financial Reporting Similarities and Differences4-5 Direction of Disclosure Three Year Comparison5-6 Disclosure Techniques7-8 Financial Derivatives8-9 Financial Statement Analysis Three Year Ratio Analysis10-13 Disclosure of Note Items Application of GAAP13-18 Conclusion Closing Comments18-19 Description of Delta Air Lines, Inc. Background and ProductsDelta Air Lines, Inc. was originally formed as Huff Daland Dusters, Inc. on May 30, 1924, in Macon, Georgia. This began as an aerial crop dusting operation until the company moved to Ouachita Parish in northeastern Louisiana, in 1925, and began acting as a passenger airline in late 1929. Collett E. Woolman purchased the company on September 13, 1928, and renamed it Delta Air Service, with headquarters in Monroe. In the ensuing decades, Delta grew through the addition of routes and the acquisition of other airlines.It transitioned from propeller planes to jets in the 1970s, and entered international competition to Europe in the 1970s and across the Pacific in the 1980s. Delta Air Lines, Inc. is currently a major airline based in the United States headquartered in Atlanta. Delta is the world's largest airline operating under a single certificate, operating flights on six continents across the globe. Delta operates an extensive domestic and international network, spanning North America, South America, Europe, Asia, Africa, the Middle East, the Caribbean and Australia.Delta and its subsidiary Delta Connection operate over 4,000 flights every day. Delta and the Delta Connection carriers fly to 348 destinations in 64 countries. Industry and Market Typically, airline companies and aircraft manufacturers are more prone to swings in revenue and equity market prices due to the release of economic indicators. Delta had an increase of 38% in domestic revenue since 2 008. This is due to increased cargo and baggage handling fees due to new policy implementation. Delta increased its international revenue by 26% since 2008.This is mostly due to an increased focus in the international arena due to the lower demand and higher competition from discount airliners in the U. S. The airline industry contains a variety of different airlines. Some of Delta’s biggest competitors are AirTran Holdings, Southwest Airlines Company, Continental Airlines, American Airlines, JetBlue Airways, United Airlines, and US Airway Group. All of these competitors are diversified in terms of the number of different things they offer, allowing companies in the industry to have access to a number of different profitable markets.Similarities and Differences in Financial Reporting Comparison of Annual Report, 10K and 10Q Delta Air Lines, Inc. uses a number of different elements to supply pertinent information to consumers, investors, creditors, employees, and anyone with a general interest in or curiosity about the company. This pertinent information comes in the form of reports that companies file with the Security and Exchange Commission or SEC, such as the company annual report, the 10K and the 10Q.The annual report is a comprehensive report on a company’s activities throughout the preceding year. Annual reports are intended to give shareholders and other interested persons information about the company’s activities and performance. The 10K is a summary report of a company’s performance that must be submitted annually to the SEC. The 10Q, on the other hand, is a report of a company’s performance submitted quarterly by all public firms to the Securities and Exchange Commission. In the 10Q, firms are required to disclose only newly relevant information egarding their financial position. We see that all three reports are very similar in general as to the information they provide, as well as their purpose. There are a numbe r of similarities and differences between the three reports. The annual report, unlike the 10K and the 10Q, is designed for the benefit of the stockholders and any potential investors. The annual report is published once a year, like the 10K, and usually provides information over a two or three year period to show growth or decline.The annual report is produced to be aesthetically appealing, with color, pictures, quality paper, and printing all for the benefit of current or potential stockholders. The annual report usually includes a company overview, a letter to shareowners, information on the company and its brands, products, and initiatives, its financial highlights, a list of the members of the board of directors, goals and opportunities, and then any important financial statements, information and notes, all of which is meant to promote investment and provide information.The 10K is also a form of an annual report but is only filed with the SEC. It is merely a financial snapshot of the company over the previous year and lacks any visually appealing elements. It too includes a company of the important financial statements, information and notes, but unlike the annual report, it gives much more detail and insight into the operations and cash flow functions of the company. The 10K includes detailed information regarding the business, risk factors, properties, legal proceedings, controls and procedures, transaction relationships, and much more.Like the annual report, the 10K provides information for the current year as well as for one or two years before the current. The 10K is not meant for the benefits of stockholders, but is produced for the sole use of being files with the SEC. The last report is the 10Q, which is a quarterly report filed exclusively with the SEC. This report gives a snapshot of the company’s financial situation in the last quarter, usually a three month period, and also supplies the information for the same quarter in the previous year. The 10Q sually contains information for the total year to date as well. The 10Q, unlike the 10K, is an unaudited version of the financial information and may contain a significant amount of estimation. The report contains sufficiently less information than the other two reports, and gives a general overview of the following topics: financial statements, operations, quantitative and qualitative disclosures, controls, and risk factors. Like the 10K, the 10Q lacks any visually appealing elements because its sole use is for that of the SEC and not for the stockholder’s or potential investors.While still being of importance, the 10Q is of less important than that of the annual report or 10K because of its unaudited and estimated nature, as well as the fact that it reports on a significantly shorter time period than that of the reports and therefore enables users of the report to draw fewer conclusions. Overall, the 10Q is not as useful as those interested in the financial in formation because it provides much less detail and gives a much smaller picture of the company’s financial outlook. Direction of Disclosure Three Year ComparisonOver the last three years, Delta Air Lines, Inc. has made few changes in regard to its direction of disclosure. Delta Air Lines, Inc. discloses its Notes to Financial Statements directly following its Financial Statements and Supplementary Data. In 2008 and 2009, Delta Air Lines, Inc. disclosed all of the same eighteen notes to financial statements in the same order. In 2010, the number of notes was increased to nineteen. The three added notes in 2010 consist of Note 8: JFK Development, Note 11: Bankruptcy Claims Resolution, and Note 19: Subsequent Events.In the 2008 10K, Note 17: Valuation and Qualifying Accounts was stated and kept in the 2009 10K as Note 17 as well. However, it was not included in the 2010 10K. All the Notes added in each year were due to issues that arose within the company. Delta Air Lines, Inc. Note 11: Bankruptcy Claims Resolution was added because In September  2005, we and substantially all of our subsidiaries filed voluntary petitions for reorganization under Chapter  11 of the U. S. Bankruptcy Code. On April  30, 2007, the Delta Debtors emerged from bankruptcy.Under the Delta Debtors’ Joint Plan of Reorganization, most holders of allowed general, unsecured claims against the Delta Debtors received or will receive Delta common stock in satisfaction of their claims. There will be no further material impact to our Consolidated Statements of Operations from the settlement of claims because the holders of such claims will receive under Delta’s and Northwest’s Plan of Reorganization, as the case may be, only their pro rata share of the distributions of common stock contemplated by the applicable Plan of Reorganization.Delta Air Lines, Inc. Note 8: JFK Redevelopment states the company’s annual rent, operation and maintenance payments for the use of terminal facilities at JFK were approximately $135  million in 2010, and estimate the future annual payments to be approximately $200 million after the project is complete in 2016. We will be responsible for the management and construction of the project and bear construction risk, including cost overruns. As construction progresses, the project will be recorded on our Consolidated Balance Sheet as a fixed asset as if we owned the asset.We will also record a related construction obligation on our Consolidated Balance Sheet. Future rental payments will reduce this construction obligation and result in the recording of interest expense on our Consolidated Statement of Operations. The last aspect of Delta Air Lines, Inc. direction of disclosure that has changed with the last three years is Note 19: Subsequent Events. In February 2011, the company completed a $100 million offering of Pass Through Certificates and a $135 million offering of Pass Through Certificates through two separate pass through trusts. This has a final maturity in January 2016.The company received $75 million in net proceeds from the 2010-2B EETC at the closing of the offering and the remaining $59 million is being held in escrow until they refinance other aircraft. Techniques of Disclosure Companies should disclose information as completely as possible in relation to financial condition, contingencies, methods of valuing assets and liabilities, and contracts and agreements. In order to do so, a company may use a number of different disclosure techniques, which include but are not limited to, parenthetical explanations, notes, cross references and contra tems, and supporting schedules. Delta Air Lines, Inc. uses a number of these techniques in the disclosure of their pertinent financial information. Delta Air Lines, Inc. uses parenthetical explanations in a number of different places throughout their financial reporting. Companies use parenthetical explanations to add clarity and com pleteness where it may be needed. This technique brings additional information into the body of the text or statement an afforded for less oversight by readers or users of the financial information. Delta Air Lines, Inc. uses parenthetical explanations in their financial reporting.For example, on the balance sheet under â€Å"Stockholders’ Equity†, Delta Air Lines, Inc. shows parenthetical explanation of the price per share when stating: Shares of common stock issued and compensation expense associated with equity awards (Treasury shares withheld for payment of taxes, $10. 73 per share). (This example is in the 2010 annual report). Notes are another important technique that companies use for disclosure purposes. Notes allow companies to supply additional information or explanations without writing lengthy or inconvenient parenthetical explanations.Notes are commonly used to disclose the existence and amount of any dividends in arrears, terms of or obligations concernin g purchase commitments, special financial arrangements, financial instruments, depreciation policies, changes in accounting principles or policies, and any contingencies. Companies who use notes are obligated to present all essential facts as completely and precisely as possible in an effort to relay the appropriate and accurate information to readers. Delta Air Lines, Inc. relies heavily on notes in their financial reporting and discloses them in a section called Notes to the Consolidated Financial Statements.Each of these notes adds or clarifies information already presented in the report. An example of such is Note 4: Goodwill and Other Intangible Assets. This note in the Notes to Consolidated Financial Statements section of the annual report describes that the company experienced a significant decline in market capitalization primarily from record high fuel prices and overall airline industry conditions. We determined that these factors combined with further increases in fuel pr ices were an indicator that a goodwill impairment test was required.As a result, we estimated fair value based on a discounted projection of future cash flows, supported with a market-based valuation. We determined that goodwill was impaired and recorded a non-cash charge of $6. 9  billion for the year ended December  31, 2008. This is just one of many notes disclosed by Delta Air Lines, Inc. in their financial reports (this example is in the 2010 annual report). Cross-references and contra items are another important techniques used to supplement the disclosure of financial information. Cross-referencing shows a direct relationship between an asset and a liability on the balance sheet.Cross-referencing is not a technique used by Delta Air Lines, Inc. in their disclosure. Along with cross-referencing, Delta Air Lines, Inc. does not disclose any contra or adjunct accounts in its financial reports. Delta Air Lines, Inc. reports its assets at net and does not quantitatively divulge any contra account information. Contra and adjunct accounts are listed on the balance sheet. Contra accounts either reduce an asset, liability, or owner’s equity account. Adjunct accounts increase an asset, liability, or owner’s equity account. Some examples of such accounts are accumulated depreciation and discount or premium on bonds payable.Delta Air Lines, Inc. does not list any of these accounts specifically in disclosing their financial information, but instead lists all their assets and liabilities at net. The last technique of disclosure to discuss is supporting schedules. Supporting schedules are used to present more detailed information about certain assets or liabilities. Typically, Delta Air Lines, Inc. does not use this technique in disclosure. Financial Derivatives Financial derivative instruments are products developed to manage the financial risks associated with constant change due to volatile markets, new technology, and deregulation.Derivative instr uments help to smooth out fluctuations caused by various types of risk. Companies, such as Delta Air Lines, Inc. use the fair values or cash flows of derivative instruments to offset changes in fair values or cash flows of any at-risk assets. Delta Air Lines, Inc. discloses information on their use of financial derivative products in their Notes under Consolidated Financial Statements. In Note 1: Background and Summary of Significant Policies, Delta Air Lines, Inc. discusses a change in accounting policy in regards to derivative instruments.In March of 2008, FASB issued â€Å"Disclosure about Derivative Instruments and Hedging Activities†. The standard requires enhanced disclosure about how and why entities use derivative instruments, how the instruments and related hedging items are accounted for and how the instruments affect an entity’s financial position, performance, and cash flows. This standard amends required disclosures about the fair value of financial instru ments in interim and annual financial statements. In Note 3: Risk Management and Financial Instruments, Delta Air Lines, Inc. discuss their disclosure of financial derivatives and how they are accounted for.Delta Air Lines, Inc. results of operations are materially impacted by changes in aircraft fuel prices. In an effort to manage exposure to this risk, the company periodically enters into derivative instruments generally comprised of crude oil, heating oil and jet fuel swap, collar and call option contracts to hedge a portion of our projected aircraft fuel requirements, including those of our Contract Carriers under capacity purchase agreements. All hedges are recorded at fair value, and gains and losses on hedges are recorded in other income (expense) at net.Within the Consolidated Statement of Cash Flows, settlements for fair value and cash flow hedges are classified as an operating activity, while all other derivatives are classified as a financing activity. Financial Statement Analysis Analysis: Three Year Ratio Comparison | 2010| 2009| 2008| Liquidity Ratios|   |   |   | Current Ratio: | 0. 64| 0. 79| 0. 81| current assets / current liabilities | | | | Quick or Acid Test Ratio:| 0. 61| 0. 76| 0. 77| current assets – inventories / current liabilities | | | | Current Cash Debt Coverage Ratio:| N/A| 0. 14| -0. 15| net cash from operating activities / average current liabilities| | | | | | | |Activity Ratios| | | | Receivables Turnover Ratio:| 21. 81| 20. 74| 15. 73| net sales / average (net) trade receivables | | | | Inventory Turnover Ratio:| N/A| N/A| N/A| cost of goods sold / average inventory | | | | Asset Turnover Ratio:| 0. 74| 0. 64| 0. 50| net sales / average total assets| | | | | | | | Profitability Ratios| | | | Profit Margin on Sales: | 0. 02%| -0. 04%| -0. 39%| net income / net sales | | | | Rate of Return on Assets:| 0. 01%| -0. 03%| -0. 20%| net income / average total assets| | | | Rate of Return on Common Stock Equity| 0. 73%| 0 . 31%| 1. 5%| net income – preferred dividends / average common stockholder’s equity| | | | Earnings Per Share| $0. 71| -$1. 50| -$19. 06| net income – preferred dividends / weighted shares outstanding| | | | Diluted Earnings Per Share| $0. 70| -$1. 50| -$19. 08| given in the financial statements | | | | Payout Ratio| N/A| N/A| N/A| cash dividends / net income| | | | | | | | Coverage Ratios| | | | Debt to Total Assets Ratio:| 33. 59%| 38. 06%| 35. 50%| debt / total assets| | | | Times Interest Earned:| -0. 61| 1. 74| 13. 20| income before interest and taxes / interest expense| | | | Cash Debt Coverage Ratio:| N/A| 0. 3| 0. 04| net cash from operating activities / average total liabilities| | | | Book Value Per Share: | $1. 08| $0. 30| $1. 87| common stockholder’s equity / outstanding shares | | |   | Explanation A financial analysis of Delta Air Lines, Inc. is best done through the calculation and interpretation of financial ratios. There are four categ ories of financial ratios: liquidity, activity, profitability, and coverage. Each ratio gives a piece of information about the financial stability of the company and collectively portrays the big picture in regards to finances.The first type of ratios, liquidity ratios, measures a company’s short-run ability to pay its maturing obligations. The first ratio, the current ratio, is mainly used to give an idea of the company’s ability to pay back its short-term debts with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations. Delta Air Lines, Inc. current ratio has decreased gradually in the past three current years, which means the company is becoming less capable of paying off their maturing obligations. In all three years Delta Air Lines, Inc. as remained with a current ratio under one. A ratio under one suggests that the company would be unable to pay off its obligations if they came due at that point. The next r atio, the quick/acid test ratio indicates whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory. Like the current ratio, the higher the ratio, the better the financial outlook of the company. Delta Air Lines, Inc. acid test ratio has continued to decrease over the last few years, which is an indication that the company is becoming less liquid. Once again, Delta Air Lines, Inc. atio remained under one, implying that the company is not capable of paying off its maturing debts at this current point in time. The last liquidity ratio is the current cash debt coverage ratio which indicates whether a company can pay off its current liabilities from its operations in a given year. Delta Air Lines, Inc. current cash debt coverage ratio has increased from 2008 to 2009. The information needed to calculate 2010 was unavailable. The higher the current cash debt coverage ratio, the more capable the company is of paying off its current liabilities with the proceeds from its operations in a given year.Delta Air Lines, Inc. ratio was again below one in the two years calculated, meaning that the proceeds from their operations cannot support their current liabilities. The next type of financial ratios is the activity ratios, which measures how effectively the company is using the assets employed. The first ratio, the receivables turnover, measures the number of times on average a company collects receivables during the period. A low ratio implies that a company should re-assess its credit policies in order to ensure the timely collection of imparted credit that is not earning interest for the firm.Delta Air Lines, Inc. receivables turnover ratio increased over the last three years, meaning the company gradually started effectively using its employed assets. The inventory turnover ratio shows how many times a company’s inventory is sold and replaced over a period. This ratio should be compared against industry averages. A low turnover implies poor sales or ineffective buying. This ratio could not be calculated for all three years because the company does not have a cost of goods sold since they do not sell inventory.The last activity ratio, the asset turnover ratio, is useful to determine the amount of sales that are generated from each dollar of assets. Companies with low profit margins have a high asset turnover ratio, and those with high profit margins have a low asset turnover because of pricing strategies. Delta Air Lines, Inc. asset turnover ratio was increased over the last few years and was highest in 2010. This ratio indicates that over the last few years, the company has not been able to effectively use their assets to generate sales.A third type of financial ratios is the profitability ratios that measure the degree of success and failure of a company during a given period of time. The profit margin on sales measures how much out of every dollar of sales a company usually keeps as earnings . Delta Air Lines, Inc. profit margin on sales had increased gradually over the last few years. While this is a positive indication, the company generally has a lower profit margin than other companies in its industry. The rate of return on assets shows how profitable a company uses its assets during a period of time. Delta Air Lines, Inc. as a low rate of return indicating an inefficient use of assets to generate earnings. This company’s return on assets has increased over the last three years, indicating an increase in profitability. The rate of return on common stockholder’s equity measures a company’s profitability in terms of how much profit the company generates with the money shareholders have invested. Delta Air Lines, Inc. has a rather low rate of return on equity and has not shown consistent growth over the last few years. This indicates less profit per dollar invests, as well as a decrease in company profitability.The next ratios are the basic earning s per share and the diluted earnings per share. Basic earnings per share are the portion of a company’s profit allocated to each outstanding share of common stock. Diluted earnings per share expand on this idea by including any dilutive securities. Over the last three years, Delta Air Lines, Inc. basic and dilutive earnings per share have increased, indicating an increase in the company’s profitability. The last profitability ratio is the payout ratio, which is the percentage of earnings paid out as dividends to common stockholders. Delta Air Lines, Inc. ayout ratio cannot be calculated due to the fact that this company has no cash dividends. The last type of ratios used for financial analysis is the coverage ratios. Coverage ratios measure the degree of protection for long-term creditors and investors. The debt to total assets ratio shows the proportion of a company’s assets that are financed through debt. Companies with high debt to total asset ratios are said to be â€Å"highly leveraged†, and would be in danger if creditors start to demand repayment of debt. Delta Air Lines, Inc. ratio is on the low side and has been consistently low over the last three years.This could be an indication that many of the company’s assets are not financed through debt, which is good for the company. The times interest earned ratio or TIE is used to measure a company’s ability to meet its debt obligation. It is usually quoted as a ratio and indicates how many times a company can cover its interest charges on a pretax basis. Failing to meet these obligations could force a company into bankruptcy. The next ratio, the cash debt coverage ratio, indicated a company’s ability to repay its obligations from net cash provided by operating activities without having to liquidate the assets employed in its operations.Delta Air Lines, Inc. is very low which means that liquidation of assets would be required to repay current obligation. The last ratio we must analyze is the book value per share. Book value per share is the amount each share would receive if the company were to liquidate in the basis of amounts reported on the balance sheet. Delta Air Lines, Inc. book value per share has fluctuated significantly over the last few years but increased from 2009 to 2010, which is a good indication. Disclosure of Note Items Standard Applied and Application Delta Air Lines, Inc. ses Generally Accepted Accounting Principles (GAAP) for all of their financial reporting, disclosure, and statement analysis. Delta Air Lines, Inc. flies globally after its merge North West. The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U. S. (GAAP). The company’s Consolidated Financial Statements include the accounts of Delta Air Lines, Inc. and their wholly-owned subsidiaries. As a result of the Merger, the accounts of Northwest are included for all pe riods subsequent to the Closing Date.Preparation of these find financial statements require estimates and assumptions affecting the reported amounts of assets and liabilities at the date of the consolidated financial statements, reported amounts of revenues and expenses during the reporting period and related disclosures of contingent assets and liabilities. Item 1: Equity Disclosure of stockholder’s equity requires a company to disclose changes in the separate accounts comprising stockholder’s equity in order to make financial statements sufficiently informative.These changes may be disclosed in separate statements or in the basic financial statements or notes. In October  2009, the Financial Accounting Standards Board issued â€Å"Revenue Arrangements with Multiple Deliverables. † The standard revises guidance on the determination of when individual deliverables may be treated as separate units of accounting and the allocation of consideration among separate ly identified deliverables. It also expands disclosure requirements regarding an entity’s multiple element revenue arrangements. Item 2: DebtIn terms of long-term debt, disclosure generally must indicate the nature of the liabilities, maturity dates, interest rates, call provisions, conversion privileges, restrictions imposed by creditors, and assets designed or pledged as securities. It is recommended that companies show any assets pledged as a security for the debt in the assets section of the balance sheet. The fair values for all long-term debt should be disclosed if a practical estimation can be made. Lastly, it is required that companies disclose future payments for sinking fund requirements and maturity amounts of long-term debt during each of the next five years.This type of disclosure allows users of financial statements to evaluate amounts and timing for future cash flows. Any off-balance sheet accounting that a company may do is required to be included in the notes in extensive detail. In Note 5, Delta Air Lines, Inc. acknowledges debt and gives specific details regarding its terms and conditions. For example, during 2010, the company recorded a $391  million loss on extinguishment of debt, of which $304  million related to a non-cash write-off of debt discounts that were recorded as part of purchase accounting.In the 2010 annual report, the company includes a table summarizing scheduled maturities of the company’s debt, including current. The nature of this disclosure aligns with the GAAP requirements. Item 3: Income Taxes Delta Air Lines, Inc. accounts for deferred income taxes under the liability method. They recognize deferred tax assets and liabilities based on the tax effects of temporary differences between the financial statement and tax bases of assets and liabilities, as measured by current enacted tax rates. A valuation allowance is recorded to reduce deferred tax assets when necessary.Deferred tax assets and liabilities are recorded net as current and noncurrent deferred income taxes on the Consolidated Balance Sheets. The income tax provisions are based on calculations and assumptions that are subject to examination by the Internal Revenue Service (the â€Å"IRS†) and other taxing authorities. Although the positions they have taken on previously filed tax returns are reasonable, they have established tax and interest reserves in recognition that taxing authorities may challenge these positions, which could result in additional liabilities for taxes and interest.This company reviews and adjusts the reserves as circumstances warrant and events occur, such as lapsing of applicable statutes of limitations, conclusion of tax audits, a change in exposure based on current calculations, identification of new issues, release of administrative guidance or the rendering of a court decision affecting a particular issue. They adjust the income tax provision in the period in which the facts that give ri se to the revision become known. Item 4: Earnings per ShareBasic earnings per share (EPS) are net income divided by the weighted average number of common shares outstanding during the period. Diluted EPS includes the incremental shares assumed to be issued upon exercise of stock options and the incremental shares assumed to be issued under performance shares and restricted stock unit arrangements. For the 2010, 2009, and 2008 EPS computations, 18 million, 26 million, and 12 million stock options were excluded from the calculation of weighted shares for diluted EPS because their affects were ant dilutive.Item 5: Accounts Receivables Accounts receivable primarily consist of amounts due from credit card companies from the sale of passenger airline tickets, customers of the company aircraft maintenance and cargo transportation services and other companies for the purchase of mileage credits under the company’s SkyMiles Program. Delta Air Lines, Inc. provides an allowance for unco llectible accounts equal to the estimated losses expected to be incurred based on historical chargeback’s, write-offs, bankruptcies and other specific analyses.Bad debt expense and write-offs were not material for the years ended December  31, 2010, 2009 and 2008. Item 6: Cash and Cash Equivalents Short-term, highly liquid investments with maturities of three months or less when purchased are classified as cash and cash equivalents on the Consolidated Balance Sheets and are recorded at cost, which approximates fair value. Restricted cash and cash equivalents on the Consolidated Balance Sheets are primarily held to meet certain projected self-insurance obligations and are recorded at cost, which approximates fair value.According to Note 2, at December  31, 2010 and 2009, the company recorded $407  million and $419  million, respectively, in restricted cash, cash equivalents and short-term investments and $33  million and $16  million, respectively, in other noncurr ent assets on the Consolidated Balance Sheets. Item 7: Short-Term Investments Investments with maturities of greater than three months, but not in excess of one year, when purchased are classified as short-term investments on the company’s Consolidated Balance Sheets.At December 31, 2010, the short-term investments are treasury bills recorded at cost, which approximates fair value. At December  31, 2009, the short-term investments were invested in a money market fund that was recorded at fair value and liquidated in an orderly manner in 2010. According to Note 2 in the 2010 Annual Report, at December  31, 2010, short-term investments on the Consolidated Balance Sheet consisted of treasury bills and were recorded at cost, which approximates fair value. During the year ended December  31, 2010, Delta Air Lines, Inc. eceived $77  million from an investment in a money market fund that was liquidated in an orderly manner, $71  million of which was recorded in short-term investments on the Consolidated Balance Sheet at December  31, 2009. This investment was classified in Level 3 of the three-tier fair value hierarchy due to uncertainty regarding the timing and expected amount of the distribution. Item 8: Revenue Recognition Delta Air Lines, Inc. recorded the sales of passenger tickets in air traffic liability on the Consolidated Balance Sheets.Passenger revenue is recognized when they provide transportation or when the ticket expires unused, reducing the related air traffic liability. The company periodically evaluates the estimated air traffic liability and records any adjustments in their Consolidated Statements of Operations. These adjustments relate primarily to refunds, exchanges, transactions with other airlines and other items for which final settlement occurs in periods subsequent to the sale of the related tickets at amounts other than the original sales price.This company is required to charge certain taxes and fees on passenger tickets , including U. S. federal transportation taxes, federal security charges, airport passenger facility charges and foreign arrival and departure taxes. These taxes and fees are legal assessments on the customer for which Delta Air Lines, Inc. acts as a collection agent. Because they are not entitled to retain these taxes and fees, they do not include such amounts in passenger revenue. The company records a liability when the amounts are collected and reduce the liability when payments are ade to the applicable government agency or operating carrier. Item 9: Goodwill and Other Intangible Assets Delta Air Lines, Inc. applies a fair value-based impairment test to the net book value of goodwill and indefinite-lived intangible assets on an annual basis and, if certain events or circumstances indicate that an impairment loss may have been incurred, on an interim basis. The annual impairment test date for goodwill and indefinite-lived intangible assets is October 1. They value goodwill and i dentified intangible assets primarily using the income approach valuation technique.These measurements include the following significant unobservable inputs: the projected revenues, expenses and cash flows, an estimated weighted average cost of capital, assumed discount rates depending on the asset and  a tax rate. These assumptions are consistent with those hypothetical market participants would use. Since the company is required to make estimates and assumptions when evaluating goodwill and indefinite-lived intangible assets for impairment, the actual amounts may differ materially from these estimates. Changes in assumptions or circumstances could result in impairment.Factors which could cause impairment include, but are not limited to, negative trends in our market capitalization, an increase in fuel prices, declining passenger mile yields, lower passenger demand as a result of the weakened U. S. and global economy,  interruption to the operations due to an employee strike, t errorist attack, or other reasons,  changes to the regulatory environment and  consolidation of competitors in the airline industry. According to Note 4, during 2008, Delta Air Lines, Inc. experienced a significant decline in market capitalization primarily from record high fuel prices and overall airline industry conditions.In addition, the announcement of their intention to merge with Northwest established a stock exchange ratio based on the relative valuation of Delta and Northwest It was determined that these factors combined with further increases in fuel prices were an indicator that a goodwill impairment test was required. As a result, they estimated fair value based on a discounted projection of future cash flows, supported with a market-based valuation. The company determined that goodwill was impaired and recorded a non-cash charge of $6. 9  billion for the year ended December  31, 2008.Item 10: Inventories Inventories of expendable parts related to flight equipmen t are carried at moving average cost and charged to operations as consumed. An allowance for obsolescence is provided over the remaining useful life of the related fleet for spare parts expected to be available at the date aircraft are retired from service. The company also provided allowances for parts identified as excess or obsolete to reduce the carrying costs to the lower of cost or net realizable value. These parts are assumed to have an estimated residual value of 5% of the original cost.Conclusion Closing Statements In summation, Delta Air Lines, Inc. is not a highly profitable company. Although it is currently a major airline in the United States and grew through the addition of routes and the acquisition of other airlines, they are not performing so well due to the economic recession. The current economic environment has taken a toll on the company, like most companies throughout the United States in the last few years. Delta Air Lines, Inc. is not as liquid as it would li ke to be, and the coverage ratios are being affected.Over the last few years, the company’s profitability has increased in all facets. If this trend continues, Delta Air Lines, Inc. will be on its way to becoming more liquid and therefore, more financially stable. Delta Air Lines, Inc. management seems to be trying to efficiently utilize all its resources but is falling short in placing this company in a promising financial position. If this company continues to conduct their business in the same manner and direction as they have thus far, then they will fall short of continuing to be a profitable and successful company for years to come.