The Effect Of Minimum Wage On The Economy Of The United...

In a world governed by the rule of currency has major effect toward the amount an individual owns. In the world economy labor is required in order to supply services to whomever is willing to buy. The amount of money distributed and earned throughout the economy feeds the nation s GDP which shows the stability of the overall economy of that nation. There is an imaginary cycle that must be established in an economy in order to balance both labor and revenue in order to stabilize a country economy. Labor is an important service that must be available and balanced in an ever growing population. For example there cannot be a larger number of residents than there is labor or else there will be a definite increase in poverty. In the United States there is a set law of minimum wage which has an effect on companies and how they manage their labor force. The increase of the minimum wages will affect the overall distribution of hours available therefor hurting the amount of labor needed. Minim um also has a major effect on teenagers who are just beginning to work. If the minimum wage rises there will be an increase in an unemployment. If unemployment suffers the first to be affected will be teenager who are looking for jobs and work experience which will be very important in their near future. The upside of minimum wage is that for those employers who keep their jobs they will earn more income which may increase the distribution of earnings in the economy. I believe that if theShow MoreRelatedThe Effect Of Minimum Wage On The Economy Of The United States932 Words   |  4 Pagesrule of currency has a major effect toward the amount an individual owns. The current world economy, labor is required in order to supply services to whomever is willing to buy. The amount of money distributed and earned throughout the economy feeds the nation s GDP, which shows the stability of the overall economy of that nation. There is an imaginary sequence that must be established in an econo my in order to balance both labor and revenue to stabilize a country’s economy. Labor is an importantRead MoreThe Effects of a Minimum Wage Law655 Words   |  3 PagesWhat are the Effects of a Minimum Wage Law? A minimum wage is the lowest amount of money per hour that the government of the country assigns employers to pay their employees. The minimum wage is based on an idea that the employers have a responsibility for their employees to live in a reasonable standard of living. The minimum wage laws have directly effect to most industries because of the potential of decreasing their budget. As a result, the minimum wage is still an issue that people researchRead MorePros And Cons Of Raising The Minimum Wage1122 Words   |  5 PagesSince 2009, the federal minimum wage rate for employees has been $7.25 per hour. In retrospect, this is hardly enough pay to take care of one’s self-- let alone a family with children. If a person were to add up the average cost of living for one week and then compare it to the average amount of money earned in minimum wage for that week, it would be apparent that there is little to no extra money for emergency situations. Increasing the minimum wage has been a major controversial issue; DemocratsRead MoreThe Federal Minimum Wage Essay1035 Words   |  5 Pagesto the United States for centuries is the American dream: Prosperity, Luxury, Opportunity, and so on. Unfortunately for many, this dream has been squandered by the receding economy of an indebted country. As inflation runs rampant, the value of the U.S. dollar decreases, lowering the value of household and business incomes. This economic recession has led many, especially those who only earn the minimum wage, to poverty. According to the United States Department of Labor, â€Å"The federal minimum wageRead MoreThe Effects Of Minimum Wage On The Economy1391 Words   |  6 PagesThe Effects Minimum Wage on the Economy The controversial topic about increasing minimum wage is debated countless times over the years. Minimum wage is the lowest wage an employer can pay an employee permitted by law. The contemporary federal minimum wage is $7.25. Minimum wage applies to all domestic workers but teenagers are the main receivers of minimum wage. Minimum wage has a major effect on the economy. The question is are the effects positive or negative. There are many arguments on whetherRead MoreMinimum Wage Of The United States Of America And Australia1031 Words   |  5 Pagesthis globalization era, as various countries see growth in their economy, there has also been significant differences in the wages set to employees in different countries. The lowest wages set by the law that are fixed to a particular amount which is also defined to be the price floor below which workers shall not sell their labor, has its own effects. The minimum wage law came into force as a matter of social justice amongst the low-wag e workers, also to reduce exploitation and see that workers canRead MoreEffect Of Raising Minimum Wage1215 Words   |  5 PagesEffects of Raising Minimum Wage The minimum wage in this country has been a controversial issue. Many people believe it will help reduce poverty and boost the economy. However, they are not looking at the downfalls this will bring to our country. This could make the unemployment population rise, it will raise prices of other things, and would have little effect on reducing poverty. Raising the minimum wage would have a negative influence on our country. This movement throughout our countryRead MoreMinimum Wage Should Be Raised910 Words   |  4 Pagesmaximize the American Dream on the minimum wage† (Benjamin Todd Jealous). In 1938, minimum wage was created by the federal government in order to protect workers by ensuring a minimum of twenty-five cents per hour worked. Though President Roosevelt had the right idea in protecting the workforce, something needs to be done to ensure that Americans are getting a reasonable amount of money for the amount of hours they have worked. As Benjamin Todd Jealous stated, minimum wage is not enough for the averageRead MoreMinimum Wage And The Wage Essay1204 Words   |  5 PagesThe minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communit ies that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poorRead MoreMinimum Wage During The Great Depression1419 Words   |  6 PagesThe Minimum Wage Battle In the United States, the minimum wage was passed during the Great Depression in 1938 to protect the buying power of normal workers in a period in which the â€Å"unemployment rate was still a very high 19 percent† (Sklar, 2009, p. 1). Since that time, there has been significant debate about the controversial topic of raising the federal minimum wage. The federal minimum wage law was created to eliminate unfair practices of sweat shops and manufacturing companies during this time The Effect Of Minimum Wage On The Economy Of The United... In a world governed by the rule of currency has a major effect toward the amount an individual owns. The current world economy, labor is required in order to supply services to whomever is willing to buy. The amount of money distributed and earned throughout the economy feeds the nation s GDP, which shows the stability of the overall economy of that nation. There is an imaginary sequence that must be established in an economy in order to balance both labor and revenue to stabilize a country’s economy. Labor is an important service that must be available and balanced in an ever growing population. For example, there cannot be a larger number of residents than there is labor or else there will be a definite increase in poverty. In the United States, there is a set law of minimum wage, which has an effect on companies and how they manage their labor force. The increase of the minimum wages affects the overall distribution of hours available, therefore, hurting the amount of labor needed. Conversely, minimum wage also has a major effect on those who recetly entered the workforce. If the minimum wage rises, there will be an increase of the unemployment rate. Correspondley, as the unemployed suffer, the first to be affected will be incoming laborers who are looking for jobs and work experience which is essential for their future. However, the upside of increasing minimum wage is that for those employed who keep their jobs they will earn more income which may increase theShow MoreRelatedThe Effect Of Minimum Wage On The Economy Of The United States905 Words   |  4 Pagesrule of currency has major effect toward the amount an individual owns. In the world economy labor is required in order to supply services to whomever is willing to buy. The amount of money distributed and earned throughout the economy feeds the nation s GDP which shows the stability of the overall economy of that nation. There is an imaginary cycle that must be established in an economy in o rder to balance both labor and revenue in order to stabilize a country economy. Labor is an importantRead MoreThe Effects of a Minimum Wage Law655 Words   |  3 PagesWhat are the Effects of a Minimum Wage Law? A minimum wage is the lowest amount of money per hour that the government of the country assigns employers to pay their employees. The minimum wage is based on an idea that the employers have a responsibility for their employees to live in a reasonable standard of living. The minimum wage laws have directly effect to most industries because of the potential of decreasing their budget. As a result, the minimum wage is still an issue that people researchRead MorePros And Cons Of Raising The Minimum Wage1122 Words   |  5 PagesSince 2009, the federal minimum wage rate for employees has been $7.25 per hour. In retrospect, this is hardly enough pay to take care of one’s self-- let alone a family with children. If a person were to add up the average cost of living for one week and then compare it to the average amount of money earned in minimum wage for that week, it would be apparent that there is little to no extra money for emergency situations. Increasing the minimum wage has been a major controversial issue; DemocratsRead MoreThe Federal Minimum Wage Essay1035 Words   |  5 Pagesto the United States for centuries is the American dream: Prosperity, Luxury, Opportunity, and so on. Unfortunately for many, this dream has been squandered by the receding economy of an indebted country. As inflation runs rampant, the value of the U.S. dollar decreases, lowering the value of household and business incomes. This economic recession has led many, especially those who only earn the minimum wage, to poverty. According to the United States Department of Labor, â€Å"The federal minimum wageRead MoreThe Effects Of Minimum Wage On The Economy1391 Words   |  6 PagesThe Effects Minimum Wage on the Economy The controversial topic about increasing minimum wage is debated countless times over the years. Minimum wage is the lowest wage an employer can pay an employee permitted by law. The contemporary federal minimum wage is $7.25. Minimum wage applies to all domestic workers but teenagers are the main receivers of minimum wage. Minimum wage has a major effect on the economy. The question is are the effects positive or negative. There are many arguments on whetherRead MoreMinimum Wage Of The United States Of America And Australia1031 Words   |  5 Pagesthis globalization era, as various countries see growth in their economy, there has also been significant differences in the wages set to employees in different countries. The lowest wages set by the law that are fixed to a particular amount which is also defined to be the price floor below which workers shall not sell their labor, has its own effects. The minimum wage law came into force as a matter of social justice amongst the low-wag e workers, also to reduce exploitation and see that workers canRead MoreEffect Of Raising Minimum Wage1215 Words   |  5 PagesEffects of Raising Minimum Wage The minimum wage in this country has been a controversial issue. Many people believe it will help reduce poverty and boost the economy. However, they are not looking at the downfalls this will bring to our country. This could make the unemployment population rise, it will raise prices of other things, and would have little effect on reducing poverty. Raising the minimum wage would have a negative influence on our country. This movement throughout our countryRead MoreMinimum Wage Should Be Raised910 Words   |  4 Pagesmaximize the American Dream on the minimum wage† (Benjamin Todd Jealous). In 1938, minimum wage was created by the federal government in order to protect workers by ensuring a minimum of twenty-five cents per hour worked. Though President Roosevelt had the right idea in protecting the workforce, something needs to be done to ensure that Americans are getting a reasonable amount of money for the amount of hours they have worked. As Benjamin Todd Jealous stated, minimum wage is not enough for the averageRead MoreMinimum Wage And The Wage Essay1204 Words   |  5 PagesThe minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communit ies that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poorRead MoreMinimum Wage During The Great Depression1419 Words   |  6 PagesThe Minimum Wage Battle In the United States, the minimum wage was passed during the Great Depression in 1938 to protect the buying power of normal workers in a period in which the â€Å"unemployment rate was still a very high 19 percent† (Sklar, 2009, p. 1). Since that time, there has been significant debate about the controversial topic of raising the federal minimum wage. The federal minimum wage law was created to eliminate unfair practices of sweat shops and manufacturing companies during this time

Different Perspectives On Cultures And Subcultures...

There’s no question that individuals have dramatically different perspectives on the cultures and subcultures throughout modern societies. Throughout the last seven years, I’ve had the great privilege of being a member of Troop 1 in the Boy Scouts of America. After successfully completing the requirements for Cub Scouts, (a division of the Boy Scouts of America), I was able to cross over the rustic, wooden bridge at the Cub Scout Crossover ceremony with hesitancy about my future scouting career. On the advancement trail, a Cub Scout progresses from rank to rank, learning new skills along the way. Each of the ranks and awarding in Cub Scouting has its own requirements. As the individual advances through the ranks, the requirements get more challenging, to match the new skills and abilities as the Scout grows older and more responsible. Soon after graduating from Cub Scout Den 6, the First Congregational Church located in the heart of eastern Maine would serve as the meet ing place for all Boy Scout meetings and troop-related activities. The upstairs room of the First Congregational Church of Brewer has served as the dedicated meeting place of Troop 1 for 107 years. The significance of this meeting place dates back to October 25, 1919, when the Boy Scouts (then known as the Congregational Scouts), registered with the Boy Scouts of England and received their Scout badges from England. The troop has remained active at this location ever since, with the exception of a time lapseShow MoreRelatedSubcultures And Its Influence On Contemporary Society1562 Words   |  7 PagesHistorically, subcultures found its definition originating in the early 1800s, with examples such as bohemia and another example(ref). Whether subcultures still have an identifiable existence in today’s contemporary society is contentious pertaining to its difficulty in actual measurement. It is important to look from a historical perspective at the features that define a subcul ture, and gives it the unique identity that constitutes some discernible traits that differ from conventional society. This isRead MoreThe Apostle Of The Gospel And The Relationship Between Jews And Gentiles Essay821 Words   |  4 PagesRomans was written, Rome was the epicenter of the ancient world and contained a myriad of subcultures. One of the more recognizable verses in Romans; â€Å"For I am not ashamed of the gospel, because it is God’s power for salvation to everyone who believes, first to the Jew, and also to the Greek† (Romans 1:16), proves Paul’s devotion his mission that everyone preach the Gospel to everyone who believes throughout the world. The Natural World: Romans was written in Corinth during the Winter of AD 56/57Read MoreTrainspotting: Drug Addiction and Drug Subculture Essay1535 Words   |  7 PagesBritish youth culture by considering a large number of issues such as the critiques of consumerism, Thatcherism, class stratification and gender identities. The film portrays the lifestyle of a group of young drug addicts which places its emphasis on youth culture and links it to the drug subculture, and while also involving female characters in this drug subculture it manages to successfully relate the issues of drugs and gender. Therefore I will attempt to trace the links between youth culture, genderRead MoreSex Sexuality And Its Effect On Society1458 Words   |  6 Pagesconvergence of primary sources, such as court cases and diaries, and secondary sources such as essays and books, it is possible for historians to piece together the history of same-sex sexuality in Canada, and more specifically, Alberta. Althoug h society has progressed to become more accepting and understanding, there are also many things that remain constant from early 20th century Alberta to Alberta today. Power Authority Almost every relationship has an unequal distribution of power, but thisRead MoreCulture Is The Second Social Construction875 Words   |  4 PagesCulture is the second social construction that emerged while writing section one. Culture is â€Å"a complex collection of values, beliefs, behaviours, and material objects shared by a group and passed on from one generation to the next† (Ravelli and Webber, 2013, p.119). Culture is not negative or positive views of people it is a neutral reflection of humans. No one is born with a culture because culture is learned and shaped, as people grow older. Culture develops between people by interacting and sharingRead MoreSociology : Sociological And Scientific Study Of Human Behavior And Social Interaction1037 Words   |  5 PagesGiven the many theories and ideas that have influenced the development of sociology, it is possible to misunderstand what sociology truly means. As humanity enters into the 21st century, the study of society has become more relevant than ever. In this day and age where everybody is part of a society, it is crucial to understand the social dynamics invisible to the naked eye. Sociology provides critical insight into what problems our world currently faces and what we can do to prevent further problemsRead MoreSociology3032 Words   |  13 Pages Introduction The sociological perspective is described as seeing the general in the particular. In this essay I will attempt to apply the sociological perspective to analyze song lyrics from the first verse of the song My Block by Tupac Shakur (see appendix for lyrics). Tupac (1971-1996) is the most famous gangster rap artist of all times. He was well known for his lyrics and their ability to express the grief of the Black community. He was an advocate for Black rights and very much againstRead MoreStudent s Social Background And Their Connections Within Society1531 Words   |  7 Pagesa student’s social background and their connections within society. Julie Matthews regards education being concerned with the transmission of culture, values, beliefs, knowledge and skills (2013,p166). Social insights into learner’s backgrounds can expose how and why student’s act and think in a particular way. Developmentally the sociology of education has provided numerous theories, the fu nctionalist perspective, the conflict perspective, Forms of Capital and the Virtual Backpack Theory, which contributesRead MoreCulture And Cultural Norms And Values2214 Words   |  9 PagesWhat is Culture and Identity? This assignment will analyse the different types of cultures in society, these cultures will include high culture, low culture and pop culture. This assignment will also look at different types of identities in relation to cultural norms and values, discuss the links between the media and leisure industries in relation to identity. According to (Kidd Teagle, 2002, p114) culture is discribed as the way of life of a social group including their values, norms, behaviourRead MoreOutline and assess the view that crime and deviance are socially constructed1021 Words   |  5 Pagesdeviance. Cultures differ from one society to another and the general consensus of right and wrong can also evolve throughout time. Definitions of crime and deviance can evolve with factors such as time, pace and society. However the general definition of crime is that its an act that breaks the law and deviance refers to behaviour that most people see as differing from acceptable social norms or standards of society. The purpose of this Essay is to outline and assess what each perspectives view of

How Has Modern Technology Improved Peoples Lives free essay sample

The major achievements of technology have left man spell-bound and every part of the world today is enjoying the comforts provided by technology. Thanks to technology, all the countries are interlinked and we are now living in a global village. Modern technology has greatly improved peoples lives through different fields such as medicine, work, education, industry as well as warfare. However, we cannot say that technology is all good in itself. It is a two-edged sword and we have to see to what extent it has really helped improved peoples standard of living. Technology based on life science has been of a great help in the field of medicine. This technology has led to many useful applications such as X-rays and shots among others. X-rays help in showing cavities and shots may prevent mumps and measles. With modern technology, it is possible to keep looking for new drugs and even organ transplant has been facilitated through technology. We will write a custom essay sample on How Has Modern Technology Improved Peoples Lives or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Pasteurization,  vaccination  and many more life-saving discoveries are all thanks to modern technology. With modern technology, we are living in an era of industrialization and modernization. This has shown man the labor-saving machines which can work better and more efficiently than man. Machines are now doing the job of man and the labor force has been considerably reduced since a machine can do the job of several people at a time. This has given man more leisure time and has freed him of working continuously for several hours. Man now has more time for his family and for relaxing himself. Mechanization, which has been due to technology, has improved mans life by giving him more time to recognize himself in this modern world. Technology has always influenced peoples lives. Mass media, which are the offspring of technology, have greatly affected peoples lives and will always have an influence on man. Mass media comprise the television (TV), radio, cinema, satellite transmission among others. The TV, as we all know, is a major source of information as well as entertainment. It plays a very important role in our lives by bringing the world news into our homes and by making us participate in almost every world event. We cannot deny the fact that the radio is an important tool for man and cinema is the most common means of a family outing or a date. Another technology which is under constant debate is that of genetic engineering and its application to food. This technology is known to have existed for thousands of years and has improved food yield, production of milk, quantity of meat and others over the years. Without this technology, modern life as we know it now would have been very different. Thanks to the increased food production, we can sustain the ever-growing population of the world and can fight famine in certain parts of the world. Nuclear technology and sophisticated gadgets are also parts of the modern technology that have improved mans life to a certain extent. With nuclear weapons and sophisticated guns, criminals and terrorists are easily punished and crime can be reduced. Other sophisticated gadgets such as  mobile phones  facilitate communication and computers allow distances between countries to be overcome. Sophisticated gadgets have seen the lives of people improve and we are now living in a better world. Although technology has improved peoples lives, we cannot say that it is only good. There is a limit to everything and even man has to respect this fact. But man is always bent on doing something new and ends up spoiling all. Mechanization has robbed man of his daily bread and has left him jobless. He now has no way of supporting his family. Mass media have their bad effects too. TV causes addiction and everybody seems to be much interested in watching the big box rather than having a stroll around. Sitting in front of the TV for long hours can cause obesity and the violent scenes shown on the TV greatly influence a person. Nuclear technology has also seen major death rates whereas sophisticated gadgets have their own disadvantages such as exposure to pornography and the misuse of mobile phones among others. After considering the various aspects of modern technology, we cannot say that it is all good or bad. Man has to know how to use it for his benefit and should not abuse its use. On the overall, technology HAS improved mans lives but man should not be a slave of it!

When Quality Control Gets in the Way of Quality free essay sample

Total Quality Management (TQM) is a comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback. TQM requirements may be defined separately for a particular organization or may be in adherence to established standards, such as the International Organization for Standardizations ISO 9000 series. TQM can be applied to any type of organization; it originated in the manufacturing sector and has since been adapted for use in almost every type of organization imaginable, including schools, highway maintenance, hotel management, and churches. As a current focus of e-business, TQM is based on quality management from the customers point of view. Four sequential categories TQM processes are divided into four sequential categories: plan, do, check, and act (the PDCA cycle). In the planning phase, people define the problem to be addressed, collect relevant data, and ascertain the problems root cause; †¢in the doing phase, people develop and implement a solution, and decide upon a measurement to gauge its effectiveness; †¢in the checking phase, people confirm the results through before-and-after data comparison; †¢in the acting phase, people document their results, inform others about process changes, and make recommendations for the problem to be addressed in the next PD CA cycle. We will write a custom essay sample on When Quality Control Gets in the Way of Quality or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page THE TOPIC MEANS: When there is an over-emphasis or over-doing in the process of quality control, it will narrow the path towards quality of the product or service concerned. Statistical control Many organizations use statistical process control to bring the organization to Six Sigma levels of quality, in other words, so that the likelihood of an unexpected failure is confined to six standard deviations on the normal distribution. This probability is less than four one-millionths. Items controlled often include clerical tasks such as order-entry as well as conventional manufacturing tasks. Traditional statistical process controls in manufacturing operations usually proceed by randomly sampling and testing a fraction of the output. Variances of critical tolerances are continuously tracked, and manufacturing processes are corrected before bad parts can be produced. Company quality During the 1980s, the concept of â€Å"company quality† with the focus on management and people came to the fore. It was realised that, if all departments approached quality with an open mind, success was possible if the management led the quality improvement process. The company-wide quality approach places an emphasis on three aspects :- 1. Elements such as controls, job management, adequate processes, performance and integrity criteria and identification of records 2. Competence such as knowledge, skills, experience, qualifications 3. Soft elements, such as personnel integrity, confidence, organisational culture, motivation, team spirit and quality relationships. The quality of the outputs is at risk if any of these three aspects are deficient in any way. The approach to quality management given here is therefore not limited to the manufacturing theatre only but can be applied to any business activity: †¢Design work †¢Administrative services †¢Consulting †¢Banking †¢Insurance †¢Computer software †¢Retailing †¢Transportation It comprises a quality improvement process, which is generic in the sense it can be applied to any of these activities and it establishes a behaviour pattern, which supports the achievement of quality. This in turn is supported by quality management practices which can include a number of business systems and which are usually specific to the activities of the business unit concerned. In manufacturing and construction activities, these business practices can be equated to the models for quality assurance defined by the International Standards contained in the ISO 9000 series and the specified Specifications for quality systems. Still, in the system of Company Quality, the work being carried out was shop floor inspection which did not control the major quality problems. This led to quality assurance or total quality control, which has come into being recently. Total quality control Total Quality Control is the most necessary inspection control of all in cases where, despite statistical quality control techniques or quality improvements implemented, sales decrease. The major problem which leads to a decrease in sales was that the specifications did not include the most important factor, â€Å"What the customer required†. The major characteristics, ignored during the search to improve manufacture and overall business performance were: †¢Reliability Maintainability †¢Safety As the most important factor had been ignored, a few refinements had to be introduced: 1. Marketing had to carry out their work properly and define the customer’s specifications. 2. Specifications had to be defined to conform to these requirements. 3. Conformance to specifications i. e. drawings, standards and other relevant documents, were introduced during manufacturing, planning and control. 4. Management had to confirm all operators are equal to the work imposed on them and holidays, celebrations and disputes did not affect any of the quality levels. . Inspections and tests were carried out, and all components and materials, bought in or otherwise, conformed to the specifications, and the measuring equipment was accurate, this is the responsibility of the QA/QC department. 6. Any complaints received from the customers were satisfactorily dealt with in a timely manner. 7. Feedback from the user/customer is used to review designs. 8. Consistent data recording and assessment and documentation integrity. 9. Product and/or process change management and notification. If the original specification does not reflect the correct quality requirements, quality cannot be inspected or manufactured into the product. For instance, all parameters for a pressure vessel should include not only the material and dimensions but operating, environmental, safety, reliability and maintainability requirements. To conclude, the above forms the basis from which the philosophy of Quality Assurance has evolved, and the achievement of quality or the â€Å"fitness-for-purpose† is â€Å"Quality Awareness† throughout the company. †¢ QUALITY CONTROL CHARTS In all production processes, we need to monitor the extent to which our products meet specifications. In the most general terms, there are two enemies of product quality: (1) deviations from target specifications, and (2) excessive variability around target specifications. During the earlier stages of developing the production process, designed experiments are often used to optimize these two quality characteristics; the methods provided in Quality Control are on-line or in-process quality control procedures to monitor an on-going production process. General Approach The general approach to on-line quality control is straightforward: We simply extract samples of a certain size from the ongoing production process. We then produce line charts of the variability in those samples, and consider their closeness to target specifications. If a trend emerges in those lines, or if samples fall outside pre-specified limits, then we declare the process to be out of control and take action to find the cause of the problem. These types of charts are sometimes also referred to as Shewhart control charts (named after W. A. Shewhart who is generally credited as being the first to introduce these methods). Interpreting the chart: The most standard display actually contains two charts (and two histograms); one is called an X-bar chart, the other is called an R chart. In both line charts, the horizontal axis represents the different samples; the vertical axis for the X-bar chart represents the means for the characteristic of interest; the vertical axis for the R chart represents the ranges. For example, suppose we wanted to control the diameter of piston rings that we are producing. The center line in the X-bar chart would represent the desired standard size (e. g. diameter in millimeters) of the rings, while the center line in the R chart would represent the acceptable (within-specification) range of the rings within samples; thus, this latter chart is a chart of the variability of the process (the larger the variability, the larger the range). In addition to the center line, a typical chart includes two additional horizontal lines to represent the upper and lower control limits (UCL, L CL, respectively); we will return to those lines shortly. Typically, the individual points in the chart, representing the samples, are connected by a line. If this line moves outside the upper or lower control limits or exhibits systematic patterns across consecutive samples, then a quality problem may potentially exist. Establishing Control Limits Even though one could arbitrarily determine when to declare a process out of control (that is, outside the UCL-LCL range), it is common practice to apply statistical principles to do so. Elementary Concepts discusses the concept of the sampling distribution, and the characteristics of the normal distribution. The method for constructing the upper and lower control limits is a straightforward application of the principles described there. The general principle for establishing control limits applies to all control charts. After deciding on the characteristic we want to control, for example, the standard deviation, we estimate the expected variability of the respective characteristic in samples of the size we are about to take. Those estimates are then used to establish the control limits on the chart. COMMON TYPES OF CHARTS The types of charts are often classified according to the type of quality characteristic that they are supposed to monitor: there are quality control charts for variables and control charts for attributes. Specifically, the following charts are commonly constructed for controlling variables: †¢X-bar chart. In this chart the sample means are plotted in order to control the mean value of a variable (e. g. , size of piston rings, strength of materials, etc. ). †¢R chart. In this chart, the sample ranges are plotted in order to control the variability of a variable. †¢S chart. In this chart, the sample standard deviations are plotted in order to control the variability of a variable. †¢S**2 chart. In this chart, the sample variances are plotted in order to control the variability of a variable. For controlling quality characteristics that represent attributes of the product, the following charts are commonly constructed: †¢C chart. In this chart (see example below), we plot the number of defectives (per batch, per day, per machine, per 100 feet of pipe, etc. ). This chart assumes that defects of the quality attribute are rare, and the control limits in this chart are computed based on the Poisson distribution (distribution of rare events). †¢U chart. In this chart we plot the rate of defectives, that is, the number of defectives divided by the number of units inspected (the n; e. . , feet of pipe, number of batches). Unlike the C chart, this chart does not require a constant number of units, and it can be used, for example, when the batches (samples) are of different sizes. †¢Np chart. In this chart, we plot the number of defectives (per batch, per day, per machine) as in the C chart. However, the control limits in this chart are not based on the distribution of rare events, but rather on the binomial distribution. Therefore, this chart should be used if the occurrence of defectives is not rare (e. g. , they occur in more than 5% of the units inspected). For example, we may use this chart to control the number of units produced with minor flaws. †¢P chart. In this chart, we plot the percent of defectives (per batch, per day, per machine, etc. ) as in the U chart. However, the control limits in this chart are not based on the distribution of rare events but rather on the binomial distribution (of proportions). Therefore, this chart is most applicable to situations where the occurrence of defectives is not rare (e. g. , we expect the percent of defectives to be more than 5% of the total number of units produced). All of these charts can be adapted for short production runs (short run charts), and for multiple process streams. Out-Of-Control Process: Runs Tests As mentioned earlier in the introduction, when a sample point (e. g. , mean in an X-bar chart) falls outside the control lines, one has reason to believe that the process may no longer be in control. In addition, one should look for systematic patterns of points (e. g. , means) across samples, because such patterns may indicate that the process average has shifted. These tests are also sometimes referred to as ATT runs rules or tests for special causes. The term special or assignable causes as opposed to chance or common causes was used by Shewhart to distinguish between a process that is in control, with variation due to random (chance) causes only, from a process that is out of control, with variation that is due to some non-chance or special (assignable) factors. As the sigma control limits discussed earlier, the runs rules are based on statistical reasoning. For example, the probability of any sample mean in an X-bar control chart falling above the center line is equal to 0. 5, provided that: (1) the process is in control (i. e. that the center line value is equal to the population mean), (2) consecutive sample means are independent (i. e. , not auto-correlated), and (3) the distribution of means follows the normal distribution. Simply stated, under those conditions there is a 50-50 chance that a mean will fall above or below the center line. Thus, the probability that two consecutive means will fall above the center line is equ al to 0. 5 times 0. 5 = 0. 25. Accordingly, the probability that 9 consecutive samples (or a run of 9 samples) will fall on the same side of the center line is equal to 0. 5**9 = . 0195. Note that this is approximately the probability with which a sample mean can be expected to fall outside the 3- times sigma limits (given the normal distribution, and a process in control). Therefore, one could look for 9 consecutive sample means on the same side of the center line as another indication of an out-of-control condition. Refer to Duncan (1974) for details concerning the statistical interpretation of the other (more complex) tests. Zone A, B, C. Customarily, to define the runs tests, the area above and below the chart center line is divided into three zones. By default, Zone A is defined as the area between 2 and 3 times sigma above and below the center line; Zone B is defined as the area between 1 and 2 times sigma, and Zone C is defined as the area between the center line and 1 times sigma. Process Capability Indices For variable control charts, it is often desired to include so-called process capability indices in the summary graph. In short, process capability indices express (as a ratio) the proportion of parts or items produced by the current process that fall within user-specified limits (e. g. , engineering tolerances). For example, the so-called Cp index is computed as: Cp = (USL-LSL)/(6*sigma) where sigma is the estimated process standard deviation, and USL and LSL are the upper and lower specification (engineering) limits, respectively. If the distribution of the respective quality characteristic or variable (e. g. , size of piston rings) is normal, and the process is perfectly centered (i. e. , the mean is equal to the design center), then this index can be interpreted as the proportion of the range of the standard normal curve (the process width) that falls within the engineering specification limits. If the process is not centered, an adjusted index Cpk is used instead. For a capable process, the Cp index should be greater than 1, that is, the specification limits would be larger than 6 times the sigma limits, so that over 99% of all items or parts produced could be expected to fall inside the acceptable engineering specifications. For a detailed discussion of this and other indices, refer to Process Analysis. In recognition of these efforts, the company has received a number of excellence awards for its management practices and quality standards. In 1998, Hino Motors Ltd. , and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding sponsors. This decision to invest in Hinopak at a time when the countrys economy was passing through a depression and the sale of commercial vehicles was at an all time low reflects the confidence our Principals have in our company and their commitment to the Pakistani market. It is the enduring success of Hinopak that has made the Hino name and symbol of quality reliability and Hino vehicles a prize possession for its owners. By continuing to move forward and staying alert to ever-changing market social needs, Hinopak will continue to be a successful and well-respected corporate citizen of Pakistan. MISSION The mission of Hinopak Motors Limited is to provide the society with safe, economical, comfortable and environment friendly means of transportation by manufacturing and supplying commercial vehicles and services. To achieve this mission, we commit ourselves: To our individual institutional and international customers: to deliver high quality, safe, durable, reliable, comfortable, environment–friendly and economical products and services to their total satisfaction. To our employees: to foster corporate culture of mutual trust; respect for fundamental human rights at work; opportunities for professional growth and personal welfare so that they are proud of being a member of the â€Å"Hinopak Family†. †¢To the community and our nation: to contribute in economic and social development by providing means of transportation and by progressive localization of the vehicles. To the shareholders: to act in compliance with the norms expected of a subsidiary of the Toyota Group of companies and make a meaningful financial return to the shareholders. VISION â€Å"Total Customer Satisfaction, a set vision for the company. In pursuit new concepts have been introduced such as a mobile workshops, 3S/2S dealership facilities, training and free service camps for the vehicle owners and drivers†. Corporate Features Building on seventeen years of success, the Hinopak continues to play a leading role in marketing commercial vehicles with superior a nd advanced Japanese technology. Market Leader in Pakistan, holding over 65% of the truck and bus market share. First Pakistani automobile company and Hino affiliate to receive ISO-9001 certificate. Voluntary initiative for ISO 14001 certification. First company to export buses from Pakistan. Recipient of Quality Excellence Awards. First automotive company to introduce 3S concept in heavy-duty commercial vehicles market. First company to supply busses under Urban Transport Scheme in Pakistan. Recipient of Employers Federation of Pakistans Golden Jubilee Award for Human Resource and Industrial Relations. Recipient of Corporate Excellence Award from Management Association of Pakistan. Recipient of Employers Federation of Pakistans Golden Jubilee Award for Excellence in Productivity. Hinopak; Committed to Excellence Hinopak Motors Limited assembles, manufactures and markets world renowned Hino diesel trucks and buses in Pakistan. The Company has held the top position in the domestic market for medium and heavy-duty vehicles for 15 consecutive years and is highly acclaimed for quality and technological excellence. Backed by Hino’s expertise Hinopak has achieved standard of quality and excellence that rival the best in the region. With over 33,000 vehicles on road, Hino has gained 70% market share making it the largest manufacturer in medium and heavy-duty truck and bus industry in Pakistan. Hinopak’s product range has been designed and built in Hino’s traditions of automotive excellence to be the leader in its category and the main emphasis has been given to passengers’ safety comfort. Latest News Hinopak introduces Modern, Elegant and Reliable Bus Lineup or Comfortable and Safe Journey Hinopak has recently introduced new, modern, elegant and reliable models of Hino Roadliner Supreme air-conditioned Super Luxury Bus, Hino Senator Pride air-conditioned luxury coach and Rapidliner Deluxe Coach. These models have been designed and built in Hinopak’s traditions of automotive excellence to be the leader in its category. These new models are produced in line with international standards for passengers’ safety comforts and can be matched with any foreign made bus while they are also highly competitive in terms of cost. To demonstrate these models to the transporters, Hinopak has held displays all over Pakistan those displays were attended by large number of transporters and bus operators who appreciated the new models. Sponsors Hino Motors Ltd. , Japan Founded in 1910, Hino Motors, Ltd. is Japans oldest motor vehicle manufacturer. Since introducing Japans first automobile in 1908, Hino has been developing and manufacturing superior vehicles that serve business and society. Over the years the range of Hino’s trucks and buses has made their mark in over 140 countries worldwide. Today Hino Motors is the leading manufacturer of medium and heavy-duty commercial vehicles in Japan and the 2nd largest in the world. In this age of high technology, globalization and advanced data communication, individual values are diversifying. Hino is dedicated to putting the customers first and maintaining high standards of quality. Toyota Tsusho Corporation (TTC) Established in 1948, Toyota Tsusho Corporation (TTC) is a trading company within the Toyota Group. TTC has an extensive network of representative offices all over the world and offers a vast variety of goods and services to its customers. As a leading player in the automotive business TTC provides additional support to Hinopak with its expert advice and knowledge of world markets. Backed by the strong network of Hino Motors, Limited Japan and the versatility of Toyota Tsusho Corporation (TTC) that provides us the competitive edge, we at Hinopak believe in giving our customer the very best and we pledge to continue for â€Å"Total Customer Satisfaction†. Export Market Hinopak is proud to be Pakistan’s first automobile company to export buses. After successfully establishing itself as the market leader at home, Hinopak proceeded to explore its product potential for the export market. This quest met with initial success when it made its first historic sale well over a decade ago, in 1990 Hinopak exported its first bulk order of buses to U. A. E. Follow up orders were soon placed, ensuring the satisfaction of customers at home and abroad. This entry into the export market was an important milestone for Hinopak and lead Pakistan into an exciting new era for the automotive industry, fulfilling Hinopak’s commitment towards the economic growth of Pakistan. PRODUCT LINE Buses The largest Manufacturer of Buses in Pakistan, Hinopak is fully-equipped to design and manufacture a wide range of Bus Chassis and all types of Bus Bodies. Hinopak’s Bus Line Up includes the Roadliner Supreme Luxury Bus for long journeys, Citiliner Intercity Buses, Citiliner Urban Buses and the luxury Senator Coach and Rapidliner Deluxe Coaches. Hinopak delivers only the safest most reliable products and remains the Pioneer in supplying the largest number of Urban Buses those are successfully facilitating the commuters of Punjab and Sindh. The new Bus line up is built upon reliable AK1J and RK1J (Rear engine bus) Series that offer straight and kick up frame options for intercity and intra-city usage. Both newly introduced series can be suitable for a wide variety of bus bodies. The kick up frame for inter-city operation offers more space for storage and luggage while the larger door s and low boarding height of the straight frame allow passengers greater comfort and convenience. Trucks The New Hino 500 Series is a dynamic combination of power, economy, style and safety. Vast improvements in engine technologies have allowed us to create Engines with more horse power while offering lower fuel consumption. These dynamic new vehicles featuring revolutionary technologies such as multi valves engine, new air intake system, turbocharger with intercooler, overhead cams, heavy duty clutch, synchronized transmission and power steering promise to change the face of transportation with new standards in comfort, luxury, safety and especially economy.

cubiculum essays

cubiculum essays Cubiculum: the bedroom of a Roman villa The Romans often thought the bedroom as a less important room compared to the rest of the house, even if all the grooming and dressing activities took place there. Thus it became a small room, quite crapped, thanks to the low vaulted ceilings. The average Roman bedroom was about 6 feet wide. The bedroom itself inside was not filled with much furnitures. A bed or a sleeping sofa to sleep on, a chest to put ones belongs, and a little footstool near the bed. The flooring would often be covered in mosaics, in a certain pattern that would eventually led or frame where the bed sits. Some bedrooms, like the ones discovered in Pompeii, would have a bed niche. The windows themselves were even smaller; they usually were three by two feet. And if the bedrooms were on the first floor, the windows would not look at onto the streets, located near the atrium. Yet the room would nevertheless be situated towards the westward side, so that the windows would catch the morning sunrays. If the rays were bothersome, they did have shutters to block out the light and create a more dimmed, night-like environment. Sometimes, there would be a small antechamber in front of the bedroom chamber, where a personal servant would rest there, the antechamber was known as the procoeton. The Roman bedroom was often known to be small and more public compared to the Greek bedrooms. They were often located off the atrium, the entrance hallway, or connecting to the living room, for socializing reasons. They had bedrooms for the members of the family as well as for their fellow guests. The bedrooms during the daytime were used as a place to hold daytime private meetings, a place to have friends over, or to hold a confident business trading. - tcnj.edu/~anchouse/bedroom.html - roman-empire.net/society/soc-house.html ...

Free sample - Christian Ethics. translation missing

Christian Ethics. Christian EthicsFirst of all the notion of Christian ethics should be defined. Christian ethics or moral teachings of Christianity, determines the moral compass of human behavior. Human behavior based on Christian ideas about the nature and destiny of man, his relationship with God. Christian ethics can be called a theory of Christian action. Ethics of Christianity Expressed in the Christian ethos, a certain style of life, diverse in its manifestations and peculiar   of individuals and large social groups of Christians. For me, ethics is limited to human relationships, with a view to equip the society so that all its members with a diversity of interests not to upset each other, but only the joy, and so that everyone can develop the right attitude to itself and its role in specific situations. [1] Throughout my life, I try to follow the moral principles taught by my parents and chosen by myself. I had not any religious upbringing, but think I know how to differ good and bad. As morally and ethically educated person I am able to keep such destructive emotions such as aggression, greed, boundless self-assertion, and try to guide them to safety to the public channel. All my principals that I follow I tried to put into the list and have got the following: concern for the welfare of others; respect the rights of others to be independent; reliability and honesty; voluntary submission to the law (with the exception of civil disobedience); fairness; rejection of an unfair advantage over others; philanthropy, the opportunity to benefit; prevention of harmful consequences. For example, professional associations have codes of ethics rules, which specify the desired behavior within the context of professional practice, such as medicine, law, accounting, engineering or forestry. I understand that these recorded in writing setting determine the default behavior, which is usually based on the principles of professional ethics. I have next ones: impartiality and objectivity; honesty, complete exposure; confidentiality; due diligence (duty of care); precise execution of professional duties; avoid potential or apparent conflicts. Lets’ analyze the notion of family ethics. In my understanding and according to my vision the concept of ethics in relation to the family used in the sense of morality, family, morality, and is regarded as an estimate breeding family members individually, and the moral climate of the family as a group. I think the brightest example of the qualities that I try to bring up is reflected in situation of family conflict. According to my principles I try never figure out family relationships with outsiders; make a stand for my loved ones, do not tell anybody about the facts, defaming my family, trying to stop a fit of anger, not to generalize and exaggerate, try to concede, not to clash over trifles. From the viewpoint of Unification, the relationship of people in society are the projection of the relationship between family members at home. For example, if there is a difference between people under the age of twenty or more years, their relationship must be characterized by love of older to younger, as their children, and the younger should respect their elders, as their parents. If the age difference is ten years or less, leading to love the younger men as their younger brothers or sisters, and younger - to respect their elders, as their older brothers or sisters. From this perspective, the family ethic is the foundation for all types of ethics. In transferring the family ethics in society, she turns into a social ethic, in transferring it to the corporation, it becomes a corporate ethics, in transferring it to the state it becomes a state ethics. Thanks to this, the true values have affirmed (virtues). In the state public figures must love his people, and people should respond to them respectfully. At school, teachers should love their children and their work, and students - respect their teachers. At the societal level senior must protect younger and younger - to respond to them respectfully. At the level of heads of institutions or enterprises should have a good lead subordinates, and subordinates - well follow the instructions of superiors. The love between brothers and sisters in the family, transferred to society, the state and the world, becomes the love of colleagues, neighbors, fellow citizens and humanity in general, in this love I try to   embody such horizontal values (virtues), as a peace-loving, tolerance, a sense of duty, loyalty, courtesy, humility, compassion, cooperation, service to the cause and understanding. However, today's society, the state and the world thrown into chaos. The reason for this is the weakening of the ethics of family relations, serving as the basis for all types of ethics. Consequently, the path to salvation lies through the public approval of a new family ethic, a new view of it. To accomplish this, we can save from destruction of the family, can save the world.[3] As I am a student of medical college (the clinical department), I can affirm that the ethics has its reflection on the process of teaching and studying at the college. Teacher on the faculty is also a physician. Therefore, what kind of physician he appears before the students, largely determines the ethics of the teaching process. There occur simultaneously paternalistic and partner relationships. Paternalistic - because the teacher gives what he knows, teaches skills that are owned. Ethical conflicts do not arise if the teacher knows a lot and can teach. In today's higher medical school it is becoming increasingly difficult to do. Each teacher comes out of this predicament in their own way: by virtue of his education, mastered teaching ethics, temperament and character. Learning process may be accompanied by violation of certain principles and norms of ethics and law. Another factor that reflects ethic norms in my studying is learning a subject of ethics on business classes. I have noticed that particular business ethics course shows us that this discipline can be â€Å"done† separately from management, finance or other sphere of business or studying. To my mind such idea\theory seems to be totally wrong. Every theory of business, we are familiar with during the learning process, contains elements and assumptions about what the role of humans in this theory, why it is necessary and what is a good result. Finally we can conclude that there are no ethically neutral theories or situations, they always contain some principles – moral or immoral, and they can never be free of them. So, during my classes I try to differentiate what is good or bad, how can I be successful together with my principles and Christian ethics norms. I believe I should follow the rules set in place by society (for the most part) and follow my conscious. I think mo st people know right and wrong, it is just a matter what they choose to do. Therefore it is wrong to think that in the learning process and in the business we can be taught any theory, and then add to them moral and ethical standards. They are already installed and we are entitled to choose one for ourselves in accordance with our beliefs. On our business ethics class we are taught basic qualities such as human dignity on one hand, and that any person is the part of the mechanism which provides profit and is a part of successful deal. [2] I think it is appropriate to say about professional ethics as a part of the process of studying ethics. Human activities are so diverse that the universal moral standards are often inadequate to regulate human behavior in specific areas of activity. Professional ethics refers to the implied or explicitly defined set of rules or codes of conduct that guide decision-makers in their various professional roles. This kind of role morality often provides beneficial effects on the resolution of ethical disputes arising in the course of professional activities. Most ethical dilemmas associated with different types of professional ethics, include some kind of contradiction between functionally differentiable and universal ethics. I have summarized my general principles and norms, based on degree of my beliefs: there is an ethical scale of human actions. Actions are good and bad, worthy and unworthy. Quality of a person is determined by what and how he's doing. Anyone who behaves with dignity, and respect is commendable, one who behaves in an unworthy manner is worth of censure, resentment and contempt; the good is natural and normal, the evil is random and unnatural. A decent man behaves adequately not because he is forced to some external factors, or hoped to receive from it any benefit, but simply because the opposite is unnatural and disgusting; there is justice. For good to yourself you should render the good, for evil - evil. Recompense good for evil (i.e. charity) is possible, but not as a rule, but as an exception to the rule. When applied to power relations: a violation of the law must be followed by punishment; there is a difference between "my" and "others". My (own family, own people, own country) - it is something for which I am responsible, something that I must take care, ha ving the duty to protect first and foremost, what is required to give preference to the "others". If we speak about the community, I believe that basic ethic norms here are: allowed everything that is not directly violating the rights of others; the rights of all people are equal. I try to follow them trough whole my life. Now educated man is a rarity in our daily lives, especially among young people who aspire only to the visual appeal. And yet these people are, and they are needed members of any company. Indeed, morally and spiritually strong person is very uncommon. To achieve maximum results and to become well-mannered person I learned from childhood. From the childhood parents brought me a sense of patriotism, love of family and, of course, good taste. This is best taught by own example that they did. In later years I took up self-education. I believe that self-education is the way to the formation of character, conscious development of valuable human qualities, and desire for self-education occurs only when there is a desire to achieve something, be useful to society, to become a person. The emphasis is on self-development, which leads, on the one hand, to achieving personal goals, and on the other hand, to "non-consumptiveness" towards others. Of course all the Christian imperatives amplified: "do not kill", "do not steal", "Do not lie," "sympathize and help others." And these basic facilities will not be violated in the name of God. I believe that people who live in my community are only looking out for themselves and I will do anything to get ahead, trying hard not to be involved with the community. I think the important thing for a modern society is the freedom of man and condemnation of violence and intolerance. Unlike religion, where justification for violence in the name of God is possible, modern morality rejects any violence and intolerance. Traditional society simply overwhelmed with immorality and lack of spirituality, including stringent violence against women and children, all dissenters and "violators of tradition." Modern morality requires a person to develop and achieve success with own efforts. But it does not say how to do it, only encouraging people to permanent seeking, to overcoming themselves and the voltage of their forces. Instead, modern morality gives a person the feeling that he was the creator of the future and one of the builders of himself and the entire world. In addition, self-development, increasing of professionalism leads to the attainment of wealth, gives prosperity in this life. Undo ubtedly, modern morality destroys many senseless rules and prohibitions, and in this sense makes life easier and more enjoyable. But at the same time modern morality imposes tough-to-person claim to be the person itself rather than go on about their own animal instincts or gregarious. This requires a manifestation of moral reason, but not primitive emotions such as aggression, revenge, and desire to subjugate others. And it is not easy just being tolerant, to overcome in yourself personal and public facilities. [4] As far as I believe in free will, morality, responsibility, and that man was created for interpersonal relationships, I make three assumptions: 1) the person is responsible to God 2) he is responsible to society 3) he is responsible to those who currently are in the relationship (to family or single person). Direct connection of ethics with the practice of life is clearly seen in the so-called professional ethics, which is a system of moral claims to professional activities of man, as was pointed earlier. One of the types of professional ethics is the ethics of business relationships. It emerged relatively late on the basis of the total labor morale. The business ethics takes place in the practice of business. It includes the ethics of management (management ethics), ethics of business communication, ethics of behavior, etc. I see two main viewpoints on the relation of universal ethical principles and business ethics: 1) the rules of conventional morality to business does not include or refer to a lesser extent. 2) business ethics based on universal ethical standards (to be honest, do no harm, keep one's word, etc.) that are specified in the light of a specific social role of business in society. Most of the tenets and norms that underlie the ethical culture of the modern economy, modern moral attitude toward work and business have its roots in the Protestant ethic. During the Reformation, the Western European countries have experienced important spiritual revolution, the essence of which was a new understanding of labor and wealth. According to representations of the ideologues of the Reformation of Luther and Calvin, work is not punishment, but divine vocation, destiny of man. The purpose of work is not redemption of sin and salvation from the sin of idleness, but the acquisition and multiplication of wealth, the accumulation of property, and the pursuit of profit. Rethinking the role of labour, along with the installation for maximum profit, financial success led to a new assessment of the role of property and wealth in human life. In the Protestant ethic property is important as a basis and foundation of individual liberty.[2] Many businessmen believe that their business can be considered as a concretization of the principles of Christian doctrine and Christian precepts. However, the rapid development of South-East Asia has clearly shown that, although the basis of people's lives in the East very different religious teachings and moral values of the market economy in general are common to all capitalist countries, irrespective of religious employers. Generally accepted ethical standards throughout the world are considered compliance with the sovereign immunity of private property, respect for the law, loyalty to a given word, the cult of fair competition, participation in charity events, providing credit, based on trust; scruples and concern for own reputation and the reputation of the firm, etc. I believe that independent choice of ethical standards and their degree of compliance in the business is a private affair of each individual. The problem of business ethics is now becoming more urgent. I will try to follow respect and trust of members of the company to each other based on social responsibility, transparency and good management. Subject of labor is central to Catholic social thought, as Church believes the work being central category of mankind. The reflection of the work of God is the work of people. Ethics of labor is that man finds his own dignity, strengthens the family and society. I strongly believe this thesis and hope that I will stay unshakeable in my principles. References   Ã‚  Ã‚  Ã‚  Ã‚   Jerry Fleming. Profit at Any Cost? Baker Books, 2003.   Ã‚  Ã‚  Ã‚  Ã‚   Larry Burkett, Nelson Reference. Business by the book: The Complete Guide Of Biblical Principles For The Workplace. Updated edition, 1998.   Ã‚  Ã‚  Ã‚  Ã‚   O.F. Williams and J. W. Houck. Full value: Cases in Christian business ethics, San Francisco, CA: Harper Row, 1978.   Ã‚  Ã‚  Ã‚  Ã‚   Todd Albertson. The Gods of Business: The Intersection of Faith and the Marketplace. Trinity Alumni Press, 2007.

Airline Operations Essay Example | Topics and Well Written Essays - 2500 words

Airline Operations - Essay Example As a report a year after the 9/11 attacks stated, "the costs of the terrorist attacks have been borne disproportionately by a few industries, especially airlines, tourism and insurance" (Makinen, 2002, p. 2). First of all, no airlines flew anywhere in the United States for one week after the 9/11 attacks. This involved a backlog in flights and plane maintenance/positioning that took months to overcome once flights started. The US Congress gave the airlines access to $15 billion, in the form of $5 billion in short-term emergency assistance and $10 billion in loan guarantees. However, the attacks of 9/11 seem to have sped up economic woes that were already occurring, and led to major reorganizations such as the Chapter 11 bankruptcy of US Airways (Makinen, 2002, p.2). Reports for airline finances in 2002 were dismal, with US Airways filing for bankruptcy and United Airlines soon following suit. However, several airlines such as JetBlue reported better earnings than expected, solidifying a trend that had been occurring in recent years. One of the major results of th... One of the major results of the 9/11 attacks, and one that has yet to fully return to normal, was the rapid decrease in the amount of business travel on airlines. Business travelers were some of the most profit-making customers for airlines, and these often offset the barely breaking even or loss-making performance associated with vacation related and other consumer travel. This loss of business travel may be related to the fact that telecommunications technology has meant that real-time meetings through video conferencing has become the norm rather than the exception. The fact that 9/11 occurred, making business travelers less certain about flying because of safety concerns may have compounded a situation that was already occurring with the rapid advance in communications technology. Large corporations have also learned that they "don't need to pay those higher, unrestricted fares . . . there is always going to be some business travel that needs flexibility to change flight plans . . . but the policy of many large corporations will be to book in advance to save money or to justify it when you don't" (Corridore, 2004, p.1). The traditional airlines such as United and American have also been facing great competition from low-cost competitors such as Jet Blue, that have started to move into transcontinental flights. For example, JetBlue offers numerous non-stop California-East Coast flights for little more than $100 one-way. A customer can also change their flight (through changing the time or just canceling) up to a minute before the flight with a nominal ($25) charge and the remaining balance to be used for future flights (jetblue, 2006) . The increased use of web-sites that have been created from scratch with the idea of making buying/changing a flight very

Contemporary Issues Portfolio Essay Example | Topics and Well Written Essays - 2250 words

Contemporary Issues Portfolio - Essay Example Some recently published organisational studies and other market research surveys also justify the promotion of ethics and social responsibility in business. In order for promoting ethics and social responsibility in the organisational environment, today most of the companies perform community based services and publish a corporate sustainability report periodically. These concepts are of greater importance in online business sector too. This paper will analyse the contemporary ethical and social responsibility challenges Facebook is facing and how the organisation is addresses those problems. Managing ethics and social responsibility Business ethics and social responsibility are two broad and interconnected terms which play a significant role in determining the level of reputation of an organisation. The concept of business ethics represents a set of principles and standards that make an organisation’s business conducts acceptable to its different groups of stakeholders. †Å"Business ethics is defined as rules of business conduct by which the rightness/proprietary of the business operations/activities may be assessed or judged† (Prasad 2005, p.426). ... In a business context, stakeholder groups including customers, government, competitors, general public, and other interest groups determine the acceptability of behaviour. The collapse of Enron, one of the biggest ethical disasters in the 21st century, is a good example of how unethical business practices may affect an organisation (Trevino & Nelson 2010, p.3). Ken Lay and Jeff Skilling, the former CEO’s of Enron, intentionally tried to deceive the firm’s stakeholders by hiding the actual state of financial affairs of the company. Evidently, it is necessary to promote and manage business ethics in an organisational environment. For this purpose, primarily the management should foster ethical behaviour among its employees. Setting business goals and periodical performance appraisal are effective strategies to manage business ethics successfully. Another important thing is that the organisation has to develop well defined codes of business ethics and decision rules. In th e area of online business, managing business ethics is becoming a complex task because internet based illegal and unethical practices like password theft are increasing each day. Therefore, online marketers have to give specific focus to the promotion of business ethics. Social responsibility is an ethical ideology that obliges business organisations to make notable contributions to the overall welfare of the society rather than focusing only on profit maximisation efforts. â€Å"Social responsibility is a management philosophy that includes contributing resources to the community, preserving the natural environment, and developing or participating in non-profit programmes designed to promote the

Pilinut Essay Example for Free

Pilinut Essay Our company engages into pilinut business. Pili tart is a very profitable product, it has the so called 3C’s of Bicol pili nut: Competitive (market); Capability (financial); and Capacity (production) (Melchor A Aguilar). Because the Philippines is the only country where the fruit has market. No other country process pili in commercial quantity, meaning, we have the monopoly of processed pili in the foreign market, this kind of business has a very high potential of being successful especially if it will engage in exporting. There are many producers and processors of pili tart in the Bicol region, but this will be very few compared to the world market. Only few of these processors are into exporting business. Pili are very nutritious even as confection. Nutritionally, the kernel is high in calcium, phosphorous, and potassium, and rich in fats and protein. (DOST), so there is no issue to health concious. Our products will be of superior quality associated with the right price so that almost every body can afford it. We will produce product using ingredients of high quality so that it is guaranteed to be tasty and delicious. We will provide products that are not health and environmental hazard but instead a pilinut product that everyone can enjoy and environmental friendly that undergo in the right procedure. We will produce different pilinut products that are best for export, which does not easily spoil, and remain fresh even on long period of time. Pilinut for ordinary people may not be so important, but for a business person like us, pilinut has a long way to go and has a very large market to serve. Profit from this business may be abundant due to the monopoly of the products. We can start at a small capital but the comeback will be great. In not more than three years, we will regain our investment from this business and still continue to grow.

Natue of Science :: essays research papers

Science Report (Nature of Science) Aim To find out the effect of the thickness of a biscuit on the ability of the biscuit to support a finite amount of weights Apparatus o  Ã‚  Ã‚  Ã‚  Ã‚  Weights o  Ã‚  Ã‚  Ã‚  Ã‚  Biscuits o  Ã‚  Ã‚  Ã‚  Ã‚  Thread Background Information â€Å"Biscuits are designed to be strong so that they do not crumble easily.† (http://www.nzmaths.co.nz/Number/CrossStrand/biscuits.htm) A biscuit consists of flour, oil and other ingredients, which are packed together into a brittle solid. Therefore, biscuits can stand up to a finite amount of weight before it breaks. Hypothesis The thicker a biscuit, the more weights it can support. Variables Independent o  Ã‚  Ã‚  Ã‚  Ã‚  Increment of Thickness o  Ã‚  Ã‚  Ã‚  Ã‚  Method of applying weights o  Ã‚  Ã‚  Ã‚  Ã‚  Type of Biscuit o  Ã‚  Ã‚  Ã‚  Ã‚  How the Biscuit/Biscuits are placed Method of Control (Independent Variables) o  Ã‚  Ã‚  Ã‚  Ã‚  Increment of Thickness – Regular increment of 1 biscuit thickness o  Ã‚  Ã‚  Ã‚  Ã‚  Method of applying the weights – Placing the weights gently onto the biscuits, increasing the weight by 100g each time, until the crackers break. o  Ã‚  Ã‚  Ã‚  Ã‚  Type of Biscuit – Use identical Khong Guan Cheese Crackers o  Ã‚  Ã‚  Ã‚  Ã‚  How the Biscuit/Biscuits are placed – The biscuits will be strung tightly together and hung on a hook. (Refer to diagram 1.1) Dependent o  Ã‚  Ã‚  Ã‚  Ã‚  The number of weights that can be hung on the biscuits Procedure 1)  Ã‚  Ã‚  Ã‚  Ã‚  Drill a hole in the middle of the biscuit with a needle. 2)  Ã‚  Ã‚  Ã‚  Ã‚  Hang the weight holder on the biscuit. 3)  Ã‚  Ã‚  Ã‚  Ã‚  Place 100g weights one by one, until the biscuit breaks (Refer to diagram 1.1) 4)  Ã‚  Ã‚  Ã‚  Ã‚  Repeat the experiment with 2,3,4 and 5 biscuits 5)  Ã‚  Ã‚  Ã‚  Ã‚  Repeat the experiment 3 times 6)  Ã‚  Ã‚  Ã‚  Ã‚  Calculate the average weight required to break the biscuits of different thickness 7)  Ã‚  Ã‚  Ã‚  Ã‚  Plot a graph to identify the main trend of this experiment. 8)  Ã‚  Ã‚  Ã‚  Ã‚  Formulate a conclusion from the results. Margin of Error As the weights obtained are 100g weights, they are not precise. Therefore, if a biscuit breaks when a 200g weight is hung on it, it does not mean that the biscuit breaks at 200g. It is just an approximate amount. To utilize a spring balance would have caused the results to be more accurate. Secondly, whenever a new weight is added to the weight holder, the position of the set-up shifts a little. Natue of Science :: essays research papers Science Report (Nature of Science) Aim To find out the effect of the thickness of a biscuit on the ability of the biscuit to support a finite amount of weights Apparatus o  Ã‚  Ã‚  Ã‚  Ã‚  Weights o  Ã‚  Ã‚  Ã‚  Ã‚  Biscuits o  Ã‚  Ã‚  Ã‚  Ã‚  Thread Background Information â€Å"Biscuits are designed to be strong so that they do not crumble easily.† (http://www.nzmaths.co.nz/Number/CrossStrand/biscuits.htm) A biscuit consists of flour, oil and other ingredients, which are packed together into a brittle solid. Therefore, biscuits can stand up to a finite amount of weight before it breaks. Hypothesis The thicker a biscuit, the more weights it can support. Variables Independent o  Ã‚  Ã‚  Ã‚  Ã‚  Increment of Thickness o  Ã‚  Ã‚  Ã‚  Ã‚  Method of applying weights o  Ã‚  Ã‚  Ã‚  Ã‚  Type of Biscuit o  Ã‚  Ã‚  Ã‚  Ã‚  How the Biscuit/Biscuits are placed Method of Control (Independent Variables) o  Ã‚  Ã‚  Ã‚  Ã‚  Increment of Thickness – Regular increment of 1 biscuit thickness o  Ã‚  Ã‚  Ã‚  Ã‚  Method of applying the weights – Placing the weights gently onto the biscuits, increasing the weight by 100g each time, until the crackers break. o  Ã‚  Ã‚  Ã‚  Ã‚  Type of Biscuit – Use identical Khong Guan Cheese Crackers o  Ã‚  Ã‚  Ã‚  Ã‚  How the Biscuit/Biscuits are placed – The biscuits will be strung tightly together and hung on a hook. (Refer to diagram 1.1) Dependent o  Ã‚  Ã‚  Ã‚  Ã‚  The number of weights that can be hung on the biscuits Procedure 1)  Ã‚  Ã‚  Ã‚  Ã‚  Drill a hole in the middle of the biscuit with a needle. 2)  Ã‚  Ã‚  Ã‚  Ã‚  Hang the weight holder on the biscuit. 3)  Ã‚  Ã‚  Ã‚  Ã‚  Place 100g weights one by one, until the biscuit breaks (Refer to diagram 1.1) 4)  Ã‚  Ã‚  Ã‚  Ã‚  Repeat the experiment with 2,3,4 and 5 biscuits 5)  Ã‚  Ã‚  Ã‚  Ã‚  Repeat the experiment 3 times 6)  Ã‚  Ã‚  Ã‚  Ã‚  Calculate the average weight required to break the biscuits of different thickness 7)  Ã‚  Ã‚  Ã‚  Ã‚  Plot a graph to identify the main trend of this experiment. 8)  Ã‚  Ã‚  Ã‚  Ã‚  Formulate a conclusion from the results. Margin of Error As the weights obtained are 100g weights, they are not precise. Therefore, if a biscuit breaks when a 200g weight is hung on it, it does not mean that the biscuit breaks at 200g. It is just an approximate amount. To utilize a spring balance would have caused the results to be more accurate. Secondly, whenever a new weight is added to the weight holder, the position of the set-up shifts a little.

National Institute of Business Management Essay

1. Describe the basic assumptions of Economics. 2. Discuss the vital functions of an economy. 3. Write an essay on the features of capitalist economy. 4. Explain the various assumptions on which all demand schedules are prepared. 5. Write an essay on Localization of Industries. 6. Describe the kinds of price elasticity of demand. 25 x 4=100 marks Answer of Question 1- Basic assumption of econimoics Economists have generally looked for some fundamental assumption about human behaviour from which most of the principles of economics can be ultimately deduced. Every decision maker in an economic systems-wheter he is a consument or producer, whethre is a house hold or a firm is assumed to have in a rational manner and go in for maximum gain. Economic rationality presupposed that every person knows his interest and selects that course of action, which promises him the greatest amount of statisfaction. The economists have, generally assumed that human beings are rational and that they are influenced by maximization principle for example every consumer is said to maximize his satisfaction with a given amount of expenditure, every producer maximizes his output and mizimizes his cost. Every seller minimizes his profit, as so on. But reationality and maximization principles are based on the further assumption of perfect knowledge, every rational consumenr for example knows  the differnent possiable alternative open to him and will choose that alrernative that promises maximum satisfaction. However, rationality is conditioned and influenced by habits and social. Habits acquired over a number of years influence the consumers in the choice of goods. Likewise, social customs infulence guide and modify economic behaviour of individuals. The assumption of economic rationality does not carry and moral or ethical implication. Rationality implies that is a period of acute shoratege, producers and distributors would raise the price and secure higher profit marigns. Such a behaivor may be condemned from the social point of view. But economically it is justified. At the same time, it is neccesasary to distinguish between individual rationality and social rationlaity. But from the social point of view, this may not be rational and proper, for bombay is already overcroweded with a high density of population, besides there are so many backward areas, which need industrialization from the social point of view it would have been better that the new factory is set up away from bombay, there is thus a possibility of clash between individual rationally and social rationalily. Anwer of Question no :- 2 Economy An economy refers to the financial system of the region, province or nation. â€Å"It is a system by which folks get a livelihood.† For instance the â€Å"Economy includes farms, factories, mines, shops, banks, roads, railways, aircrafts, offices, schools, cinemas etc., which grants the people with the goods and services which they also use themselves or sell overseas in order to be able to buy imports.† Sir John Hicks â€Å"An economy consists of nothing else but an enormous cooperation of workers or manufacturer to make things and do things which clients want.† The Vital Processes of An Economy Production, consumption and growth are vital factors of economics. Economies might differ in the organisation but all perform these three functions which  are discussed below. 1. Production -The First vital process of an economy is manufacture which must go on incessantly. â€Å"Production comprises any action, and the stipulation of any service, which satisfies and is likely to satisfy a want.† In this wider sense, production includes products produced on farms like rice, wheat, fruits and vegetables and those manufactured in the factories like clothes, electronic goods, electrical items etc. It also includes the services of shopkeepers, traders, transporters, actors, doctors, civil servants, teachers, engineers and akin to who help in fulfilling the needs of the people in the economy through their services. But production eliminates certain goods and services though they satisfy human needs. It includes, domestic work done within the family by the housewives, husband and children, production of hobby articles like paintings, production of vegetables in the kitchen garden. The last is voluntary work. John Hicks defines â€Å"Production is any acti vity directed to satisfaction of other people’s wants through exchange.† Thus production means exchange of goods for consideration of money. 2. Consumption -The second vital process of economy is consumption. It means the use of financial goods and services in the pleasure of human needs. The consumption that goes on in the fiscal may be of different types. Prof. Hicks organized it into two grouping – single-use goods and durable-use goods. Single goods are those which are used in a single act. Such goods are food stuffs, cigarettes, matches, fuel etc. durable use goods are those which can be used for a substantial period of time. It is unimportant whether the time is short or long. Such goods are pens, bicycles, clothes, fans, furniture etc. Prof. Brown defines as â€Å"For every kind of completed goods, in reality there is a kind of channel or rather a system of pipeline, elongating from the unique sources of resources used to the consumer.† The accretion of stock of such goods is called inventory investment. 3. Growth -Economic growth is â€Å"the process whereby the real per capita income of a country increases over a long period of time.† We itemise the factors which lead to the growth of an economy.† Growth of population predominantly  working population is the first cause of growth. A rapidly growing population in relation to the growth of the national product keeps the output per head at a low level. On the other hand, the enhancement in the productivity per head of developed economies like United States has been much higher because of their low rates of their national product. Technical acquaintance and development are the twin features in mounting productivity per head. Technical knowledge and development are autonomous It is technical knowledge which brings about new means of production, leads to innovation and growth of new equipment. The supply of savings is another factor that determines the growth rate of economy. Borrowing from abroad is another source of capital for the growth of economies. External borrowing is resorted to for two reasons. To supplement low domestic savings and to get foreign currency for the purpose of importing capital for development purposes. Thus all economies whether they are capitalist, socialist or mixed perform these important functions of production, consumption and growth. Central Problems of Economy There are five fundamental questions relating to the problem of economy and they are discussed below. 1. What to Produce and in What Quantities? To make a decision of what goods and services are to be created and the volume of productivity has to be determined and this is the first problem relating to economy. This involves allotment of scarce resources in relation to the composition of total productivity in the economy. Since resources are inadequate the society has to decide about the goods to be produced. If the society gives significance to the production of more consumption goods now, it will have less in future. A high precedence on capital goods implies consumer goods now and more in future. But since resources are inadequate, if some goods are produced in abundance, some other goods will have to be produced in smaller quantities. It will therefore have to choose among mixture which will give higher level of satisfaction. 2. How to Produce these goods? The next problem is how to fabricate these goods. That is the techniques and  methods to be applied in the production of the necessary goods. This problem is principally dependent on the accessibility of resources within the economy. If land is available in abundance, it may have widespread cultivation. If the labour is in abundance, it may use labour demanding techniques while in case of labour shortage, capital intensive techniques may be used. On the other hand easy consumer goods and small outputs necessitate small and less costly machines. Further it has to make a decision of what goods and services are to be created in the public sector and that in private sector. 3. For Whom are the Goods Produced? The third basic problem is for whom the goods and services are to be produced. That is the allotment of goods among the members of the society. The allotment of basic customer goods or supplies and lavish comforts and among the household takes place on the basis of among the allocation of country’s income. A rich person may have a large share of the lavish goods and a poor person may have more amounts of the basic consumer goods he needs. 4. How efficiently are the resources being utilised? This is one of the significant basic problems because of having made the three earlier decisions, the society has to see whether the capital it owns are being utilised fully or not. In case the resources of the financial system are lying idle. It has to find out ways and means to use them fully. If the idleness of resources, say man power, land or capital is due to their male allocation, the society has to adopt such monetary, fiscal or physical measures where this is corrected. In an economy where the available resources are being fully utilised, it is characterised by technical competence or full employment. To maintain it at this level, the economy must always be increasing the productivity of some goods and services by giving up something of others. 5. Is the Economy Growing? The last and the most imperative problem is to find out whether the economy is growing through time or is it sluggish. Economic growth takes place  through a superior rate of capital configuration which consists of restoring existing capital goods with new and more productive ones by adopting more well-organized production techniques or through modernization. Economic growth enables the economy to have more of both the goods. Answer of Question no: – 5 Manufacturing is the second largest type of production after primary production activity ‘of hunting, fishing, mining, lumbering, farming etc. Manufacturing has undergone a big change as a result of advancement of science and technology. From the making of few simple items, like hand made cloth, khandsari, mustard oil, agricultural implements etc. manufacturing to-day involves highly technical and complex machines, equipments and tools for the assembly of automobiles, ships, aircrafts, space ships, agricultural machines, computers and so on. For centuries, manufacturing had been a household work and items like agricultural implements; weapons etc. were produced on a small-scale. But with the increasing demand due to increase in population, it took the form of cottage industry and later, large scale manufacturing industries. Manufacturing is related to processing and altering the raw materials of agriculture, forests and that of minerals into finished or partially finished products. The agro raw materials which are transformed into finished products are cotton, wool, jute, sugarcane etc. and that of minerals are iron ore, copper, manganese, mica etc. Presently, the most important manufacturing industries are those which bring together manufactured items of different industries to make complicated machines and equipments required in means of transportation, agriculture, mining, military warfare etc. Development of industries is of utmost importance to man. In fact, their development is considered to be an index of a country’s economic prosperity and strength. The location of manufacturing industries depends upon a number of geographical and economic factors. These factors are known as factors of localization of industries or agglomeration of industries. The most important factors are: (i) Raw material. (ii) Source of Power. (iii) Labour. (iv) Means of transportation. (v) Market. (vi) Other factors like climate, Government Policies, capital, water, land etc. (i) Raw Material. Among the factors influencing location of an industry, close proximity to raw material availability of regular supply of cheap raw material are of utmost significance. Therefore, industries are set up close to or in the regions where raw material is available in plenty. This speaks for the localization of jute industry in West Bengal, Sugar industry in U.P and concentration of heavy industries in the states of Chattisgarh and West Bengal. If the raw material is heavy and of small value, the industries are set up in the regions of raw material. Iron smelting, brick making, cement manufacturing are best examples. Iron and Steel Plants at Jamshedpur (Jharkhand), Rourkela (Orissa), Bhilai (Chhattisgarh) and Durgapur (West Bengal) have been set up near the sources of raw material i.e., Iron ore. (ii) Source of Power. All types of manufacturing industries depend upon one or the other sources of power. It may be coal, oil, electricity, gas etc. In the industries, especially those of ferrous metallurgy, coal is the main source of power; therefore, these heavy industries are closely tied down to coal fields. The iron and steel industry of India in the Damodar Valley of Chattisgarh at Jamshedpur is located near the coal fields of Raniganj and Jharia. (iii) Labour. Modern industry requires large labour force, both skilled and unskilled. The availability of cheap labour in a region is an important factor determining the localization of industries. Different types of industries require different types of labour force. For example, watch-making, electronics, aeronautics, computers etc. require highly skilled labour, whereas, on the other hand, cotton textile manufacturing, sugar making, jute textile etc. employ more of unskilled labour. The development of the plantations in Assam and cotton textiles in Maharashtra are attributed to the availability of cheap efficient labour. In these regions it has also been seen that industrial centres tend to attract more industries, because plenty of labour is available in these centres, for example, Mumbai and Kolkata have become industrial cities of the country mainly because of availability of plenty of  labour in and around these mega cities. (iv) Means of Transportation. Industries depend upon efficient and cheap transportation system, which is essential for the movement of raw material as well as the finished products. They may be rail, road or water. Railway junctions are considered to be the most suitable sites for the localization of industries. These enjoy benefits of easy transportation from different directions. Similarly sea ports also develop as industrial centres because of availability of facilities of water transportation for export and import of products. (v) Market. Market is an important factor in determining localization of industries. Goods are manufactured to be sold in the market. Industries are generally set up close to urban centres. Sometimes, dense population may not prove to be solid market for the disposal of the different industrial products. If the people are poor, the purchasing capacity also becomes poor. In some of the Asian countries, where people are poor, industries which are engaged in the manufacturing of cheap and essential goods like coarse cloth find an adequate market. This explains why under-developed countries, though densely populated are poor in manufacturing industries. (vi) Other Factors. (a) Climate Climate also plays a part in the location of industries. The stimulating cool temperate climate is more suitable for the development of industries because this type of climate adds to the work efficiency of the labour force. This is one of the major reasons why temperate latitudes have well-developed manufacturing industries rather than the tropics or the desert or the Tundra regions. Climate plays a significant role in location of cotton textile manufacturing industries. The cool and humid climate helps in spinning of yarn and weaving of cloth processes. Development of film industry at Mumbai is due to favourable climate. (b)Capital. Development of industries requires a large capital investment. It may come from any source, local or foreign. Banks and other financial institutions play an important role in the growth of industries from time to time. (b) Government Policy. In order to give boost to industries in the country, the government gives certain guidelines, tax exemptions, electricity at concessional rates, subsidies, rail link etc., if these are set up as per government plan. Mohali, an industrial town near Chandigarh has come up on the industrial map of India because of Government policies. Thus Government Policy plays a significant role in determining place of location of an industry. If the Government bans import of foreign cars, the automobile industry is bound to flourish in that country. (d)Early Start. There is a tendency to set up new units in the area, where that industry is already much developed. It is because the area has been enjoying benefits of developed means of transport, financial institutions, banking facilities, availability of skilled labour and marketing ease. Hosiery industry got concentrated at Ludhiana can be cited as one example of role of early start. (e) Personal Preferences. Personal whims, prejudices of an entrepreneur and preferences also matter sometimes in the setting up of an industry in an area, ignoring all the economic and commercial considerations. In a democratic set up, sometimes political matters also initiate the establishment of certain heavy industries in certain regions. The setting of a Railway Coach Factory at Kapurthala in Punjab has been set up due to political interests rather than economic considerations. Construction of oil refinery at Bhatinda is another example of a political decision. Localization of industries at a place gives rise to a number of problems also. These are: (i) High cost of living. (ii) Shortage of living space. (iii) Sky high land prices. (iv) Traffic jams. (v) Pollution. (vi) Growth of slums. Some of the industries are highly localized in the country. These are due to combination of a number of geographical and socio-economic factors already discussed above. The examples are: 1. Sugar Manufacturing: U.P. and Bihar. 2. Jute Textiles: West Bengal. 3. Cotton Textiles: Maharashtra and Gujarat. 4. Cement Industry : M.P. and Rajasthan. 5. Iron and Steel: Jharkhand and Orissa. 6. Cinematography Mumbai 7. Leather goods: Kanpur, Agra. 8. Hosiery: Ludhiana. 9. Sports goods: Jalandhar. 10. Computers: Bangalore, Hyderabad, Gurgao Answer of Question no :- 6 Different types of Elasticity of Demand After knowing what is demand and what is law of demand, we can now come to elasticity of demand. Law of demand will tell you the direction i.e. it tells you which way the demand goes when the price changes. But the elasticity of demand tells you how much the demand will change with the change in price to demand to the change in any factor. Different types of Elasticity of Demand: 1. Price Elasticity of Demand 2. Income Elasticity of Demand 3. Cross Elasticity of Demand 4. Advertisement Elasticity of Demand 1. Price Elasticity of Demand: We will discuss how sensitive the change in demand is to the change in price. The measurement of this sensitivity in terms of percentage is called price Elasticity of Demand. According to Marshall, Price Elasticity of Demand is the degree of responsiveness of demand to the change in price of that commodity. Types of Price Elasticity of Demands: a) Perfectly Elastic b) Perfectly Inelastic c) Relatively Elastic d) Relatively Inelastic e) Unit Elasticity Factors influencing Price Elasticity of Demand: a) Nature of Commodity b) Availability of Substitutes c) Number of Uses d) Durability of commodity e) Consumer’s income Practical significance of Price Elasticity of Demand: a) Importance to the business b) Important to Government 2. Income elasticity of demand: In economics, the income elasticity of demand measures the responsiveness of the quantity demanded of a good to the change in the income of the people demanding the good. It is calculated as the ratio of the percent change in quantity demanded to the percent change in income. For example, if, in response to a 10% increase in income, the quantity of a good demanded increased by 20%, the income elasticity of demand would be 20%/10% = 2. 3. Cross elasticity of demand: In economics, the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good. It is measured as the percentage change in quantity demanded for the first good that occurs in response to a percentage change in price of the second good. For example, if, in response to a 10% increase in the price of fuel, the quantity of new cars that are fuel inefficient demanded decreased by 20%, the cross elasticity of demand would be -20%/10% = -2. 4. Advertisement Elasticity of Demand: The degree of responsiveness of quantity demanded to the change in the advertisement expense of expenditure. Ea= Change in quantity demanded x original advertisement expenses Change in advertisement expenses original quantity demanded Important factors influencing Advertisement: 1. Promotional elasticity of demand will be affected, depending on whether it  is a new product or the product with a growing market. 2. The amount a competitor reacts to the firm’s advertisement. 3. The time interval between the advertisement expensed or expenditure and the unresponsiveness of the sales. 4. The influence of non-advertisement determinants of demands such as trends, price, income etc. Uses of Advertisement Elasticity of Demands: 1. It helps the manager to decide the advertisement expense. If the advertisement is more than one, which means incremental revenue exceeds incremental expenses, then increased expenditure on advertisement can be justified. 2. The fire should observe the saturation point, where advertisement pays nothing or does not help in increasing sales revenue