Wednesday, November 27, 2019
Margaret Preston history essays
Margaret Preston history essays In a period of time where many of Australias artists were woman, a time confused with wars that had been and wars that were to come, a time when art was pure and true one particular female artist rose above the rest, and her name was Margaret Preston. Born in Adelaide in early 1875 she lived a long eighty eight years, and in those years provided some of the greatest and most unique art Australia had ever seen. She moved around a lot in her childhood, jumping from city to city along the eastern coast but at the fairly young age of nineteen was suddenly brought back to the city of her birth to be by her sailor father as illness lead to his death in 1894. It was back in Adelaide where she took up her major art training at the Adelaide school of design, and also landed her first job as a teacher. She very much enjoyed this job, as it had nothing much to do with her personal art. The reason this was good for her is because she strived to create her art strictly for pleasure rather than profit, something she well achieved. Of course, if it wasnt money she was getting she would gladly accept praise, and to see just how well her works where doing in the world she planned a trip to England and Europe in 1904 and stayed a three years that were anything but short to her. She hated the art in Europe, and the feeling was mutual: over there her art wasnt quite as impressive as shed hoped, to put it kindly. The people were admiring paintings that she thought terrible, and that was on a good day. Soon after this unpleasant experience she turned to the learning of Japanese art at the Musee Guimet and came to happily accept that there is more than one vision in art. After coming to this acceptance she took quite a liking to a very decorative style as used by the Ile de Noirmouter artist, Norman Carter. She finally tied the knot with George Preston (her maiden name being McPherson) in Australia ...
Saturday, November 23, 2019
10 Steps of Glycolysis
10 Steps of Glycolysis Glycolysis literally means splitting sugars and is the process of releasing energy within sugars. In glycolysis, glucose (a six-carbon sugar) is split into two molecules of the three-carbon sugar pyruvate. This multistep process yields two molecules of ATP (free energy containing molecule), two molecules of pyruvate, and two high energy electron carrying molecules of NADH. Key Takeaways: Glycolysis Glycolysis is the process of breaking down glucose into two molecules of pyruvate. It produces ATP and is the first stage of cellular respiration. Glycolysis can occur with or without oxygen. In the presence of oxygen, glycolysis is the first stage of cellular respiration. In the absence of oxygen, glycolysis allows cells to make small amounts of ATP through the process of fermentation. Glycolysis takes place in the cytosol of the cells cytoplasm. However, the next stage of cellular respiration, known as the citric acid cycle, occurs in the matrix of cell mitochondria. Below are the 10 steps of glycolysis. Step 1 The enzyme hexokinase phosphorylates - adds a phosphate group to - glucose in the cells cytoplasm. In the process, a phosphate group from ATP is transferred to glucose producing glucose 6-phosphate. The equation is: Glucose (CStep 2 The enzyme phosphoglucoisomerase converts glucose 6-phosphate into its isomer fructose 6-phosphate. Isomers have the same molecular formula, but the atoms of each molecule are arranged differently. The equation for this step is: Glucose 6-phosphate (CStep 3 The enzyme phosphofructokinase uses another ATP molecule to transfer a phosphate group to fructose 6-phosphate to form fructose 1, 6-bisphosphate. The equation is: Fructose 6-phosphate (CStep 4 The enzyme aldolase splits fructose 1, 6-bisphosphate into two sugars that are isomers of each other. These two sugars are dihydroxyacetone phosphate and glyceraldehyde phosphate. The equation is: Fructose 1, 6-bisphosphate (CStep 5 The enzyme triose phosphate isomerase rapidly inter-converts the molecules dihydroxyacetone phosphate and glyceraldehyde 3-phosphate. Glyceraldehyde 3-phosphate is removed as soon as it is formed to be used in the next step of glycolysis. The two equations for this step are: Dihydroxyacetone phosphate (CNet result for step Nos. 4 and 5: Step 6 The enzyme triose phosphate dehydrogenase serves two functions in this step. First, the enzyme transfers a hydrogen (H-) from glyceraldehyde phosphate to the oxidizing agent nicotinamide adenine dinucleotide (NAD) to form NADH. Next, triose phosphate dehydrogenase adds a phosphate (P) from the cytosol to the oxidized glyceraldehyde phosphate to form 1, 3-bisphosphoglycerate. This occurs for both molecules of glyceraldehyde 3-phosphate produced in step 5. The two equations for this step are: A. Triose phosphate dehydrogenase + 2 HB. Triose phosphate dehydrogenase + 2 P + 2 glyceraldehyde 3-phosphate (CStep 7 The enzyme phosphoglycerokinase transfers a P from 1,3-bisphosphoglycerate to a molecule of ADP to form ATP. This happens for each molecule of 1,3-bisphosphoglycerate. The process yields two 3-phosphoglycerate molecules and two ATP molecules. The equation is: 2 molecules of 1,3-bisphoshoglycerate (CStep 8 The enzyme phosphoglyceromutase relocates the P from 3-phosphoglycerate from the third carbon to the second carbon to form 2-phosphoglycerate. The equation is: 2 molecules of 3-Phosphoglycerate (CStep 9 The enzyme enolase removes a molecule of water from 2-phosphoglycerate to form phosphoenolpyruvate (PEP). This happens for each molecule of 2-phosphoglycerate. The equation is: 2 molecules of 2-Phosphoglycerate (CStep 10 The enzyme pyruvate kinase transfers a P from PEP to ADP to form pyruvate and ATP. This happens for each molecule of phosphoenolpyruvate. This reaction yields two molecules of pyruvate and two ATP molecules. The equation is: 2 molecules of phosphoenolpyruvate (CEnd Result MediaForMedica l /UIG / Getty Images A single glucose molecule in glycolysis produces a total of two molecules of pyruvate, two molecules of ATP, two molecules of NADH, and two molecules of water. Although two ATP molecules are used in step Nos. 1 through 3, two ATP molecules are generated in step No. 7 and two more in step No. 10. This gives a total of four ATP molecules produced. If you subtract the two ATP molecules used in step Nos. 1 through 3 from the four generated at the end of step No. 10, you end up with a net total of two ATP molecules produced.
Thursday, November 21, 2019
Organization Behavior Essay Example | Topics and Well Written Essays - 500 words - 2
Organization Behavior - Essay Example ation behavior has moreover enabled me realize the impact of personality on the performance of the organization, the value of employee motivation and leadership, and how to create effective team and groups within the organization. Furthermore it has enabled me learn the different organizational structures, the individual behaviors, attitudes and learning perspectives, the different perceptions created by the various organizations on the employees and the clients, the different designs and the development of effective organization and different job designs (Latham, 2012, p.8). Moreover, I have learnt the impacts of culture on organizational behavior, the importance of management of change, management of conflict and stress, the different organizational development and their cultures while also learning the transactional analysis. I have also realized the different group behavior, power, and politics, the different job designs and the various emotions and reactions of people to various situations. I have also realized the arena of organization behavior is not contingent upon inferences founded on instinctive frames of mind but endeavors to gather facts concerning a subject in a scientific way under meticulous c onditions. I have also known that the organizational behavior uses facts and construes the outcomes so that the conduct of a discrete and cluster can be directed as desired (Latham, 2012, p.8). The study of organizational behavior has enabled me to use some of the principle. One of them is the effect of decision-making. I have realized that not all the decisions that are made by an individual or the company will be appealing to all of them. I have learnt that the decisions face resistance in several ways. Consequently, in my decision-making, I have learnt how to make decisions which considers everyone in my group work, as well as in my personal decisions. This is through the normative process, which concentrates on how decisions should be made, descriptive
Wednesday, November 20, 2019
SWOT Anaylsis on France Essay Example | Topics and Well Written Essays - 500 words
SWOT Anaylsis on France - Essay Example The government interferes in all business affairs, discouraging the businesses to take up further projects or innovate at their own will. The government provides protection to all the employees hence suppressing the competitive spirit required for growth. Furthermore, the system makes it highly difficult for a young talented worker to climb the corporate ladder unless he has the required experience and is part of the hierarchy. The political framework is semi-presidential i.e. both the prime minister and president show involvement in the workings of the system. The reason why this democracy stands out is its origination as a social democracy. The people are allowed to vote for their representatives while also being able to enjoy economic equality. Moreover, the French political system is associated with a noticeable economic advantage. Since the government controls all the businesses, i.e. all businesses have been nationalized, the working class gains in the form of cheaper healthcare and other benefits. To a certain extent, this form of governance also allows the business to consider the overall progress of the society thereby encouraging them to incorporate the best business practices that is going to benefit the larger population.
Sunday, November 17, 2019
Arthur Miller Essay Example for Free
Arthur Miller Essay Arthur Miller was born in New York City on October 17th, 1915. His parents were both immigrants in the United States and lead a prosperous life because of the success of his fathers clothing manufacturing business. But the arrival of the disastrous Wall Street crash distorted his business along with the rest of the American economy. As the result, Miller worked as a warehouseman. A View from the Bridge was in a single act in its first version and was produced this way first in verse in 1955. This was then revised and was extended into a two-act play in 1956 when it was presented at the Comedy Theatre in London. In this assignment I will be discussing the role of the protagonist in A View from the Bridge, and I will look into his downfall and the part that he played in it. I will also be looking at the Aristotelian elements of a tragedy that Miller has used, and I will be highlighting and explaining the important dialogue and stagecraft. The play is set in a domestic area of New York called Red Hook and he describes it as the slum that faces the bay on the seaward side of Brooklyn Bridge. It has its roots in the late 1940s when Miller became interested in the everyday lives and work of the dockworkers of New Yorks Brooklyn harbour, where he had previously worked. He described it as a dangerous and mysterious world at the waters edge that drama and literature had never touched where many people worked and were poorly paid, exploited by their bosses, and importantly many were immigrants to the United States. This led to them being treated unequally and they faced racism as the whites were considered as a powerful race. Other factors that played a part in Miller writing this play was the Cold War, which occurred during the 1940s and which affected the economy and arose censorship and freedom. During this time a young lawyer friend of Millers also told him a story about a longshoreman who had ratted to the Immigration Bureau on two brothers, who were living illegally in his very own home. He also visited Sicily a few years later where he say huge levels of poverty that played a part in him including characters of Italian origin and keeping poverty as one of the main themes of this play. These above factors were the entire cultural context that led to Miller writing yet another very influential play A View from the Bridge. This play is a modern tragedy and Miller has followed the rules of a tragedy written by the famous Greek Philosopher Aristotle in a book called Poetics. This book stated that for a play to be a tragedy it should have certain characteristics. Miller has followed these Aristotelian features carefully and this can be seen in the play. Firstly, a prologue accompanies the play in order to make it easier for the audience to concentrate more on the actual lesson being taught by the play rather that getting confused. Alfieri acts as the chorus/narrator, the audiences interpreter of events; he is both commentator and participant in the play and punctuates the action. He introduces new themes and at the same time informs us about the present events and reminds us of past events. He creates interest in the audience by giving them clues and signs of future events, for example we know that the play will end in someones death as he mentions sat there as powerless as I, and watched it run its bloody course. A sense of inevitability is also created in Aristotelian tragedies that can be seen in the above dialogue where Alfieri feels powerless and suggests that this has happened before and is therefore retrospective. Another device known as hubris is also used which is a point in the play of no return and creates immense inevitability. The audience is made to feel a purging of emotions, which is a device known as catharsis. This along with pauses between dialogue and dramatic irony, which is when the audience knows more than the characters, creates tension and heightens their sympathy for some characters or heightens hatred for others. Stage Directions have been used well and they build on dialogue and show how the characters are feeling. Miller has also used stagecraft to an extensive level, and he uses the stage and effects such as lighting to symbolise conflict and other things. For example, the stage consists of the Carbone household and Alfieris law office which represents a conflict between natural and constitutional law, a main theme of the play. This is also an effective use of unity of time and place as the main places of action have been put closely to avoid confusion. Tragedies are also meant to teach and are therefore didactic. For example, community bonds and effects of betrayal are highlighted when Eddie recites to Catherine a fable about former neighbour Vinny Bolzano who had snitched to the immigration about his uncle. He uses this as a warning to Catherine and to make it clear to her the consequences of telling anyone about the illegal entry of Beatrices cousins. They should also involve universal truths so that people can relate to the play with real life. This play teaches many universal truths such as how to love, natural and constitutional law and the community. There is also a unity of time and place which is a device used so that it is easier for the audience to understand the action and so that they can focus on the morals taught by the play. Miller has carefully set up the tragic heros role in this play, in a way so that he matches the description of Aristotles tragedy characteristics. The protagonist isnt famous or rich, but he is seen to have the potential to become great. He also has a fall, which in this case is his death and is caused by a flaw or an error of judgement that is also occurs here. The fall also inspires pity and terror in the audience and in the process teaches them. The other characters are also affected by this fall but in the end there is a restoration of order.
Friday, November 15, 2019
Against School Dress Codes and Uniforms Essays -- Clothing Clothes Sch
The Debate Between School Dress Codes and Uniforms The debate over school uniforms and dress codes has been going on for years and is still widely debated and talked about in the education system. Each side of the argument has many supporters. There are many pros and cons to each side so it is hard to really know what the right choice is. In Three Cups of Tea written by Greg Mortenson and David Oliver Relin education is the main focus of the book. Although most of the book takes place half way across the world many topics are relevant to the school systems today in America. In the book the girls received, ââ¬Å"crisp new school uniforms neatly folded inside its cellophane wrapperâ⬠and they are completely overjoyed to hold their first set of new clothes ever (194). The history of the topic helps bring light to the decisions that are being made in schools, as well as discussing pros and cons associated with the implementing uniforms or not. Both sides to the argument bring valid points to the table and must be heard by e ducators, parents, students and government officials in order to come to the correct decision on whether school uniforms and dress codes should be implemented in Americas school systems. School uniforms and dress codes should not be placed the school system because it violates the first amendment and uses funding that the school systems do not have available to them. Many people think that school uniforms are a thing of the past, however this is only partially true. According to Wendell Anderson research analyst and writer for the ERIC Clearinghouse on Educational Management, says that in the 1950s and 60s ââ¬Å"dress codes prohibited girls from wearing slacks [and] stipulated the length of girlsââ¬â¢ skirts. Blu... ...ying the Uniforms Too.â⬠The New York Times 4 Sept 2007. Jones, Jacqueline, et al. Created Equal A social and Political History of the United States. New York: Pearson Longman, 2006. Kohn, Alfie. What to Look for in a Classroomâ⬠¦and Other Essays. San Fransisco: Jossey-Bass Publishers, 1998. Lambeck, Linda. ââ¬Å"Parentsââ¬â¢ views sought as uniforms debated.â⬠Connecticut Post 6 April 2008. Motsinger, Carol. ââ¬Å"Ironing out policies on school uniforms, Some parents object on basis of rights, cost.â⬠USA Today 6 August 2007, final edition: 3A. Smith, Richard. ââ¬Å"School Dress Code Would Be Worth It.â⬠Hernando Times 12 March 2008, page 2. Viser, Matt. ââ¬Å"City Councilors May Press For A School Dress Code.â⬠The Boston Globe 27 Sept 2006, third edition: B1. Zernike, Kate. ââ¬Å"School Dress Codes vs. a Sea of Bare Flesh.â⬠The New York Times 11 Sept 2001.
Tuesday, November 12, 2019
Product Launch Plan -Team-Mkt 571
Altadena Computer: Product Launch Plan Team X MKT 571 Altadena Computer: Product Launch Plan Product Description Product Positioning Targeting Market Needs In 2009 approximately 870,000 full-time students were attending Canadian universities. The highest percentage increase of enrollment for undergraduates was in British Columbia (6. 4%) and the highest percentage increase of enrollment for graduate students was in Prince Edward Island (38. 1%) (AUCC. ) With so many students, Altadena Computers has a large base to target and market their special brand of customized laptops. Because of to the economic downturn the prediction in Canada reflects more people returning to college to increase their job marketability. In 2009, an increase of 4. 1% in undergraduate programs and an increase of 7. 2% in graduate programs validate the predictions. Altadena aims to provide quality merchandise that lasts longer than a few years, replacing the laptop will not be a concern for the student. Altadena employees rely on the students to guide them in designing the perfect laptop. Channel Strategy Market Potential Below is data collected by World Bank of Internet user percentages for United Kingdom and Canada. The trend of Internet use has significantly increased, doubling in the past decade. In 1990, domestic and international Internet usage was merely nonexistent and has steadily progressed past the year 2000. In 2007, Canadaââ¬â¢s Internet usage inclined to 72. 8% while the United Kingdom ascended at 71. 7% and is steadily increasing into 2008. {draw:frame} Case # 1 ââ¬â Domestic Location ââ¬â Canada In 2007 Canadaââ¬â¢s population reached 33. 0 million. Using the population data, Altadena Computers can estimate potential buyers within Canada. Internet percentages will be valuable in determining the average annual consumption and a measureable selling price of $950 per laptop. This price may be considered an expensive pecuniary; however, Altadena Computers must realistically visualize price and profits of the investment. At a selling price of $950 per laptop, customer base of 3,300,000, and an annual consumption of 10 percent of Internet users, 7. 28%, Altadena Computerââ¬â¢s market potential is calculated at $228,228,000. Case #2 ââ¬â International Location ââ¬â (United Kingdom) SWOT Analysis (Canada & England) SWOT Analysis (Canada & England) Threats and opportunities are equally justifiable. Yes, Altadena Computers may be a new player in the game but that does not determine a disqualification for Altadena Computers. This only symbolizes a significant role on behalf of Altadena Computers to orchestrate diligence and effective market strategies to compete with existing and forthcoming competition. Currently, management anticipates threats because of increasing competition, transportation costs, pecuniary regulations enforced by the government, and demographic shifts in the market. However, as there are threats, opportunities also exist. Altadena Computers does more than provide college students with cost effective, premium service laptops, Altadena Computers is providing essential tools and contributing to societyââ¬â¢s development. Consider Canadian Internet usage in 2008. According to the Publications section of the World Fact Book, ââ¬Å"Internet usage in 2008 was 25. 086 million users from a population of 33. 487 million residents. â⬠Most Internet users are ââ¬Å"educatedâ⬠meaning they have at least an undergraduate degree. Therefore, it is imperative that Altadena Computers provide this service to college students because laptops are in high demand for students. Competition In a market of such magnitude, competition is expected to be fierce and strong. Dell, Hewitt Packard, Wal-Mart, MicroCenter, and Fryââ¬â¢s are some of the few dominant competitors in the industry. With the exception of Dell Computers, conveniences these businesses present are their ability to showcase products and provide instant gratification. Customers can assess the product and leave with their merchandise. Although instant gratification is necessary for some consumers, not all customers require their product instantly. Some would prefer to build their laptop necessities and incur offering provided by Altadena Computers. The logic here is not to dismiss the competition; for the possibility of that occurring is relatively short lived. Altadena Computers is a new and emerging business in the industry. Many lessons can be learned that can be applied that were previously encountered by the competition. Marketing Objectives and Strategy Pricing Market Communication: Canada and England Communication in marketing channels can serve as the process by which influential information is conveyed, shared decision making is encouraged, programs are created, power is put into effect and commitment and loyalty are built. Communication is the bond that holds together channels of distribution. Marketing communication builds awareness of a business, its products and the businessââ¬â¢s position through customer interaction materials such as brochures, press releases, web sites and other forms of direct, indirect and interactive marketing. Marketing communication represents the ââ¬Å"voiceâ⬠of the brand and is one way to establish a dialogue and build relationships with consumers (Kotler & Keller, 2007, p. 279). Altadena Computer Company must have an in-depth understanding of the companyââ¬â¢s target audience and the process of buying, selling, and communicating to customers. Marketing communications are the means by which firms attempt to inform, persuade, and remind consumersââ¬âdirectly or indirectlyââ¬âabout the products and brands they sell (Kotler & Keller, 2007, p. 279). The marketing communication mix consists of six major modes of communication (Kotler & Keller, 2007, p. 279): Sales Promotion is short-term incentives to encourage trial or purchase of a product or service. Public relations and Publicity are programs promoting or protecting company or product image. Direct marketing is the use of mail, telephone, fax, e-mail, or solicit response or dialogue from specific customers and prospects. Personal selling is face-to-face interactions with prospective purchasers for the purpose of making presentations, answering questions and procuring orders. Publicity: Canada and England Distribution Strategy: Domestic and International A distribution strategy describes how a business will generate and persuade demand for a product or service. Distribution Strategy involves shifting products for point of formation to points of utilization by the end user, in a cost-effective method. Distribution strategy will identify how a business will manage the brand. Distribution strategies come is various forms: (1) manufacturer ? consumer, (2) manufacturer? retailer? consumer, or (3) manufacturer? wholesaler? etailer? consumers. The process can involve longer channels including agents and brokers Types of Distribution Channels Canada and England Distribution Strategy The primary distribution for Altadena Computer domestic and international customer will be manufacturer to customer. The customer will have access live assistance to make orders and ask questions, through the Altadena Computer website or with a customer service representative that has the knowledge and ability to service Altadena Computer customers. Altadena Computers Distribution Strategy Altadena Computers must take advantage of the distribution opportunities. For example, gaining permission from domestic and international educational institutions to place brochures in the building were students have access to the information. Another distribution opportunity is setting up a demonstration area at domestic and international universities and colleges to provide information and a glimpse at the product to the potential customer. Customers preferring to buy online will have to fulfill orders and allow Altadena Computers to sell directly to customers. Customers can also engage in another distribution strategy with Altadena Computers specialized customer service representatives to close deals. Altadena Computers distribution program will focus on the needs of the customer. Financial Information Market Research Conclusion References Association of Universities and Colleges of Canada (2009. ) Retrieved March 7, 2010 from http://www. aucc. ca/publications/media/2009/enrolment_10_22_e. html https://www. cia. gov/library/publications/the-world-factbook/geos/ca. html https://www. cia. gov/library/publications/the-world-factbook/geos/uk. html Common Wealth (2009) United kingdom. opulation. Retrieved 3-7-2010 http://www. thecommonwealth. org/YearbookHomeInternal/139560/ Kotler, P. & Keller, K. (2007). A Framework for Marketing Management (3rd ed. ) New Jersey: Pearson-Prentice Hall. Kotler, P. and Keller, K. L. (2006) Marketing management (12th Ed. ) New Jersey: Pearson- Prentiss Hall. Statistics Canada (2009) Population and demography. Re trieved 3-7-2010 http://www41. statcan. gc. ca/2008/3867/ceb3867_000-eng. htm World Bank, World Development Indicators (2010) Internet_ users as percentage of _ population. Retrieved 3-7-2010 http://www. google. com/publicdata
Sunday, November 10, 2019
Causes and Prevention of Poor Health Essay
In many countries, especially the United States, behaviors leading to poor health start early in life. The three ââ¬Å"leading causes of preventable death in the United States are smoking, obesity, and alcohol abuseâ⬠(Science Daily, 2006). Along with these problems, ââ¬Å"a lack of exercise, drug abuse, and sexually transmitted diseases were prominent in young adultsâ⬠(Science Daily, 2006). Some reasons for these problems are children and young adults spending more time inside playing video games and watching television instead of going outside to play or to participate in a sport. Often young adults are left to take care of themselves after school and during the summer vacation, and their diets tend to suffer. Smoking, alcohol use, and drug use are all glorified in movies and on television, and some young people feel that they need to copy those actions to make themselves ââ¬Å"coolâ⬠in the eyes of others. Insufficient sexual education at home and at school contributes to disease and unwanted pregnancy. To change these behaviors, more must be done to teach children to take care of their bodies. Even a small child can be taught to enjoy good foods, at the very least in school lunches, and can be taught that playing is more fun than watching television. Because some children live in areas where outside play is limited, schools and non profit organizations should step in and offer plenty of physical education and after school activities. After school activities and school vacation programs can also help with the drug, alcohol, and smoking problems. Having good role models demonstrate clean lifestyles and teach the dangers of harmful activities may cause some children to never start them. Finally, sex education must be provided in some form before children feel the urges to become sexually active. Programs that teach young people how difficult it is to care for a child and how devastating a sexually transmitted disease can be, and in some cases how deadly they can be, need to start early and be carried through all the years of schooling. Children must be made aware of how special their bodies are, and how they can carefully tend to them to make them strong, healthy, and last for a long time. The earlier they can be taught this, the less poor health there will be in the United States.
Friday, November 8, 2019
Pepsico Ethics and Compliance Essays
Pepsico Ethics and Compliance Essays Pepsico Ethics and Compliance Paper Pepsico Ethics and Compliance Paper PepsiCo Ethics and Compliance FIN/370 ââ¬â Finance for Business PepsiCo Ethics and Compliance PepsiCo Inc. is a world leader in the beverage and snack food industry. Founded in 1965, the company has grown to become a household name. PepsiCo employs more than 285,000 employees worldwide, and has revenues of more than $60 billion (Our History, 2011). PepsiCo prides itself on social and environmental responsibility, and maintains a commitment to ethical business practices. Role of Ethics and Compliance in PepsiCoââ¬â¢s Financial Environment The management at PepsiCo realizes that reputation hinges on adherence to ethical policies as seen in the public eye. Because of this, PepsiCo has interwoven ethics throughout the companyââ¬â¢s policies and procedures, its training practices, and its timely and accurate financial reporting. As evidence of such, in 2010 Ethisphere Magazine ranked PepsiCo one of the worldââ¬â¢s most ethical companies. The magazine also placed PepsiCo in the top 25% for compliance performance among beverage industry competitors in the Dow Jones Sustainability World Index (Ethisphere, 2010, Sec. 0). PespiCoââ¬â¢s letter to the Shareholders (2010) states, ââ¬Å"our actions- the actions of all our associates- are governed by our Worldwide Code of Conductâ⬠¦the Code and our core values enable us to operate with integrity- both within the letter and the spirit of the lawâ⬠(p. 102). The letter further states that Pepsi Co is ââ¬Å"committed to providing timely, accurate, and understandable information to their investorsâ⬠(p. 102). PepsiCo displays its ethical commitment by maintaining strong controls over financial reporting, exerting rigorous business oversight, and requiring strong and effective corporate governance from its board of directors. The company is committed to providing investors with financial results that are ââ¬Å"complete, transparent, and understandableâ⬠(Annual Report, 2010, p. 102). To ensure adherence to these ethical principles, PepsiCo employs an independent registered public accounting firm to audit its financial statements and those of its subsidiaries. The firm also audits PepsiCoââ¬â¢s internal control over financial reporting according to the guidelines set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Audits are conducted in accordance with the Public Company Accounting Oversight Board (Annual Report, 2010). PepsiCo has some of the highest standards for maintaining corporate governance. PepsiCo shareholders elect members of its board of directors annually. Outside advisory firms help watch over the company and give advice to the board of directors. Some of the advisory firms include Institutional Shareholder Services and Governance Metrics International. PepsiCo maintains strict company standards and accountability, and holds all employees responsible for their actions. Ethics Training and Code of Conduct PepsiCo conducts regular code of conduct training to keep the company in harmony with legal and ethical compliance. The PepsiCo brand is recognized worldwide, and company leaders are very conscious about maintaining a strong ethical company. PepsiCoââ¬â¢s has translated its code of conduct training into 38 languages, and this tool helps the company maintain the highest ethical behavior worldwide. PepsiCo prides itself on reporting earnings to the shareholders through ethically sound financial statements. PepsiCo demonstrates to the business world a commitment to honesty and compliance with industry standards, along with the stiff regulations of the SEC, Security Exchange Commission. PepsiCo reports all financial dealings and strives to report correct statements to its shareholders (Silverblatt, 2010). Business Ethics Leadership alliance PepsiCo is a member of the Business Ethics Leadership alliance (BELA), an organization committed to raising public awareness of the importance of ethics in business. BELA promotes development of higher standards of corporate compliance and sharing best practices. Other members include Walmart, United Airlines, GE, and McDonaldââ¬â¢s. Through BELA, PepsiCo and approximately 50 other companies demonstrate the importance of integrity over a bigger bottom line. To be a member of BELA, a company must be able to prove its dedication to stringent policies to weed out corruption, waste, and demonstrate procedures to lead its employees effectively. BELAââ¬â¢s goals are to affirm a public commitment to certain ethical principles and compliance practices, and to provide public resources for BELA members to uphold their commitment and other companies to follow their lead Ethisphere, 2011). PepsiCo is ââ¬Å"strongly committed to delivering sustained growth through empowered people acting responsibly and building trustâ⬠(Worldwide Code of Conduct, 2011, para. 2). Pepsi seeks not only to be a dominant company in the food and beverage industry but also a leader in conducting ethical business behavior. PepsiCo Financial Analysis Financial stateme nts provide management and investors information on the financial health of the organization, and how its assets are financed. They must be clear, unbiased, and conform to generally accepted accounting principles. Ratio analysis of financial data gives insight into the liquidity, asset utilization, profitability, and leverage of an organization. This analysis can be used to compare an organization with its competitors and industry leaders (Mayo, 2007). Current ratio=Current assetsCurrent liabilities Period Ending| Dec 25, 2010| Dec 26, 2009| | | | Total Current Assets | 17,569,000| 12,571,000| Total Current Liabilities | 15,892,000| 8,756,000| Current Ratio | 1. 11| 1. 44| The current ratio in the year ending December 2010 was 23% lower than the previous year. This indicates a reduction of liquidity from the prior year. PepsiCoââ¬â¢s current ratio is lower than the industry average of 1. 2 and the SP 500 average of 1. 4 (Pepsico Inc (PEP. N), 2011). Debt Ratio= Total debtTotal assets Period Ending| Dec 25, 2010| Dec 26, 2009| Total Liabilities | 46,989,000| 23,044,000| Total Assets | 68,153,000| 39,848,000| Debt Ratio | 69%| 58%| The firmââ¬â¢s debt ratio increased 11% in the year ending December 2010 over the previous year. This means that PepsiCo financed more of its assets with debt in 2010. From a shareholders perspective, this can be a positive indicator. Because the firm has not added equity through stock sales, stockholders may expect a larger share of the profits returned as dividends. PepsiCoââ¬â¢s debt ratio is higher than the industry average and the SP 500 average (Pepsico Inc (PEP. N), 2011). Return on Equity ROE= Net incomeOwners equity Period Ending| Dec 25, 2010| Dec 26, 2009| Net Income | 6,320,000| 5,946,000| Total Stockholder Equity | 21,273,000| 16,908,000| Return on Equity | 29. 9%| 35. 4%| PepsiCo experienced a 17. % decline in their ROE from 2009 to 2010. This indicates a reduction in total returns paid to stockholders. Because the net income increased by $374 million and retained earnings increased by nearly $3. 3 billion during the same period, the decreased ROE is likely a result of the increased use of debt rather than equity to finance operations. PepsiCoââ¬â¢s ROE is lower than the industry average of 34. 7, but higher than the SP 500 aver age of 28. 2 (Pepsico Inc (PEP. N), 2011). AR Turns=Total RevenueNet Receivables Period Ending| Dec 25, 2010| Dec 26, 2009| Total Revenue | 57,838,000| 43,232,000| Net Receivables | 6,323,000| 4,624,000| AR Turnover| 9. 15| 9. 35| Days Receivable=365AR Turnover Days| 365| 365| AR Turnover| 9. 15| 9. 35| Days Receivable| 39. 9| 39. 0| | | | Days receivable increased slightly in 2010 to 39. 9. This means that it takes PepsiCo almost a full day longer to collect revenue other companies owe. If this trend were to continue, it could negatively affect PepsiCoââ¬â¢s cash flow. $6. 3 billion in net receivables represents 9% of the companyââ¬â¢s total revenue. Compared with the industry average of 35. days, and the SP 500 average of 37. 5 days, PepsiCo could improve in this area (Pepsico Inc (PEP. N), 2011). Conclusion PepsiCo is recognized as an industry leader, and prides itself on making smart business decisions in an ethically sound way. The company has taken a top down approach to ethics, and is making every effort to instill this philosophy in its employees. Although PepsiCoââ¬â¢s current ratio is b elow the industry average, its debt ratio and receivable turns are higher. The decline in ROE also reflects somewhat negatively on PepsiCoââ¬â¢s current financial situation. None of these indicators alone is enough to raise concern; however, management must evaluate these trends and internal processes to ensure they make decisions that maintain profitability and continue to return profits to company shareholders. References 2010 Annual Report. (2010). Retrieved from PepsiCo, Inc. : pepsico. com/ Download/PepsiCo_Annual_Report_2010_Full_Annual_Report. pdf Ethisphere. (2011). Business ethics leadership alliance. Retrieved from ethisphere. com/bela/ Mayo, H. B. (2007). Basic finance: An introduction to financial institutions, investment, and management, 9th ed. Mason, OH: Thompson Higher Education. Our History. (2011). Retrieved from PepsiCo: pepsico. com/ Company/Our-History. html Pepsico Inc (PEP. N). (2011). Retrieved from Reuters: reuters. com/ finance/stocks/financialHighlights? symbol=PEP. N Silverblatt (2010). Investing in Ethics. Retrieved on Oct 23, 2011 from http://money. usnews. com/ money/blogs/Fund-Observer/2010/03/25/investing-in-ethics Worldwide Code of Conduct. (2011). Retrieved from PepsiCo, Inc. : pepsico. com/Company/Worldwide-Code-of-Conduct. html
Tuesday, November 5, 2019
How to Come Up with an Iconic Character Name in 12 Steps
How to Come Up with an Iconic Character Name in 12 Steps How To Come Up With A Character Name: an Author's Guide Before youââ¬â¢ve even started your novel, youââ¬â¢re in danger of stalling on one crucial detail: how to come up with a character name.Will you choose a short, blunt name, like James Bond? A memorable one, like Holden Caulfield? Will you go with self awareness, like Artful Dodger, or absurdism, like Ignatius Reilly? Or, perhaps, will you pick no name at all?Coming up with character names shouldnââ¬â¢t be impossible, but it is important. To help you navigate this all-important choice, we drummed up 12 steps. But first, let's unpack why you might not want to simply pick a name out of a hat.Why do names matter?Think of any character from any book. Got one? We're willing to bet they arenââ¬â¢t named ââ¬Å"John.â⬠For a name to stick in the readerââ¬â¢s head, it should be as thoughtful as every other aspect of your novel. Character names are to characters as titles are to books, so if youââ¬â¢re blindly putting finger to phone book when picking one, youââ¬â¢re d oing it wrong.Fortunately, itââ¬â¢s not too hard to do right. In reality, a character name has just a few things to establish:Clarity: Helps the reader differentiate between the major players.Character: Reveals personality and the type of character without needing to say more than a word.Bankability: The right name can make your character iconic.As for how to choose a character name yourself, thatââ¬â¢s a whole other question - one weââ¬â¢ll take a crack at answering next. Pop Quiz: Do you know the three reasons that character names matter? How to come up with a character nameYou deserve more than common sense advice that you could come up with yourself: only give names to important characters, for instance, or avoid common names. These are 12 top shelf tricks to mastering the art of naming a character. Did you come up with any character names you're particularly proud of? Show them off in the comment box below!
Sunday, November 3, 2019
Discussion 2 Week 7 Award Fee Contracts Assignment
Discussion 2 Week 7 Award Fee Contracts - Assignment Example 2. Discuss whether contractors provide better work with an award fee. Include in your discussion on whether or not they are incentivized by the better profit potential of an award-fee contract. Support your position with an example. One strongly believes that contractors provide better work with an award fee. As defined, an award fee ââ¬Å"is an amount of money that a contractor may earn in whole or in part by meeting or exceeding subjective criteria stated in an award fee planâ⬠(US Government Accountability Office, 2009, p. 1). It is a form of motivation or incentive that contractors could avail for exceeding expectations or exhibiting exemplary performance. For instance, a contractor is supposed to complete a painting of a government building in two weeksââ¬â¢ time using total costs of materials amounting to $50,000. If the contactor is able to complete the project in one weekââ¬â¢s time and with savings amounting to $5,000, then, the contractor could be given an award fee. The provision would enable the contractor to gain a positive image, in addition to the award fee and would be considered a plus factor for future contracting projects. US Government Accountability Office. (2009, August 3). 1. From the e-Activity, discuss whether or not the agencies mentioned took any actions that reflected the suggestions provided by the Office of Management and Budget. If you think actions were taken, state what actions were taken and explain why those act. Retrieved from gao.gov:
Friday, November 1, 2019
The Biography Of Blue Jeans Essay Example | Topics and Well Written Essays - 1000 words
The Biography Of Blue Jeans - Essay Example The basic motive of this project is to show that the blue jean, which had been widely used by working class individuals as an inexpensive and long-lasting piece of clothing, saw a boom in interest from all classes of society when it began appearing in Hollywood films as the clothing of choice for the eraââ¬â¢s biggest heroes, the cowboys. ââ¬Å"Western movies from Hollywood elevated ââ¬Ëauthenticââ¬â¢ cowboys, who were often portrayed wearing the garment, to mythic status. Just as Easterners were beginning to appreciate the tremendous comfort and durability of the new clothing style, World War II forced changes in manufacturing techniques. However, soldiers preferring to wear blue jeans while relaxing overseas helped further change the image of the blue jean from a working class, working style pant to one of relaxation and leisure, as well as of the natural abundance and enviable condition of the American lifestyle. After the war, Hollywood again helped to spread the popula rity of the blue jean by clothing their popular ââ¬Ëbad boysââ¬â¢ such as James Dean in Rebel Without a Cause and Elvis Presley, in the popular garment, immediately associating it with the rebellious youth. Today blue jeans enjoy an unequaled status among the clothing styles of the world. Blue jeans have become the comfort clothing of the world. Recognized as an art form and enjoying numerous types of treatments from painting, stonewashed, acid dying and fancy stitching, blue jeans have proven themselves to be as versatile as they are long-lasting.
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