Research Proposal on KFC Essay Example

Research Proposal on KFC Essay Kentucky Fried Chicken is the American chain of the fast food restaurants which offer fried chicken as the main meal. KFC was founded long ago at the beginning of the Great Depression and it was one of the first fast food restaurants which offer high-quality tasty food. With the run of time a great number of restaurants have been opened in North America but today the company has its restaurants nearly all over the world. There are thousands of KFC fast food restaurants in Europe and Asia, but their greatest concentration is in China. Although the company is American, it does not mean, that all chickens are provided from the USA to every corner of the world. Every fast food restaurant buys chickens at the local farms to make sure their production is always fresh. Nevertheless, there have been several cases connected with the poor quality of KFC food, which caused certain diseases and cost much for the company, but it is obvious that every company of the sphere of food experiences such unpleasant situations and one can not judge about the quality of the whole production on the single negative case. Every student who plans to be a successful businessman in future has to learn about the success and development of the world famous companies of different kind. Writing a research proposal on KFC one will have to read a lot about the origin of the company, its history, factors which made it possible to develop the chain of restaurants effectively. Moreover, one should think over what qualities the founder possessed to found his business during the difficult period of the Great Depression. When a student researches everything essential for the analysis, he will be able to judge facts critically and make wise conclusions. Moreover, if a student manages to offer something new connected with the topic, for example, some alternative method of the analysis of its success, he has to complete a convincing research proposal, which will persuade the professor that the topic is worth research. We will write a custom essay sample on Research Proposal on KFC specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Research Proposal on KFC specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Research Proposal on KFC specifically for you FOR ONLY $16.38 $13.9/page Hire Writer A well-organized paper should be carefully-formatted, properly composed and contain only reliable facts. Moreover, the information should be presented logically and the paper should not contain odd and unnecessary data. Evidently, most of student will manage to complete a successful research proposal which will meet all the requirements themselves, so they need good help of the expert. In the Internet students can easily find free example research proposals on KFC, which will be good models for writing. Every student who wants to see how to compose the paper correctly, format it and persuade the professor that the topic is worth attention, he will need to take advantage of a good free sample research proposal on KFC in the web. *** ATTENTION! Free sample research proposals and research paper examples on KFC are 100% plagiarized!!! At EssayLib.com writing service you can order a custom research proposal on KFC topics. Your research paper proposal will be written from scratch. We hire top-rated Ph.D. and Master’s writers only to provide students with professional research proposal help at affordable rates. Each customer will get a non-plagiarized paper with timely delivery. Just visit our website and fill in the order form with all proposal details: Enjoy our professional research proposal writing service!

Listening to Podcasts in German

Listening to Podcasts in German We discovered Annik Rubens and her five-minute Schlaflos in Mà ¼nchen podcasts first, and then it was about an hour with a Swiss-German dee-jay at jradio.ch in Zurich. (Cool to hear Schwytzerdytsch, the musics cool, but in English.) The variety of topics and sheer numbers of podcasts in German is amazing for such a relatively new phenomenon! People all around the world- including Austria, Germany, and Switzerland- are producing their own mini-radio shows on topics from art culture to porn, from daily life to rock, or world news politics. There are podcasts in German dialects and even kidspods for young listeners (Hà ¶rkultur fà ¼r Kinder). Youll find pro versions and podcasts by just plain folks. PodcastenaufDeutsch What is podcasting? Heres a definition in German: Der Begriff Podcasting meint das automatische Herunterladen von Audio-Dateien aus dem Internet. Meistens handelt es sich dabei um private Radio-Shows, die sich einem bestimmten Thema widmen. - podster.de (See the English explanation in the next paragraph.) Audio on the web is nothing new. However, das Podcasten is a new way of approaching online audio (and video). It really seems to be a good thing for language-learners. The term podcast is a play on words that mixes broadcast and iPod to come up with podcast. A podcast is a lot like a radio broadcast, but with some crucial differences. First of all, a podcaster doesnt need a real radio station. Anyone with basic recording and computer skills can produce a podcast. Second, unlike radio, you can listen to a podcast at any time and in any place. You can click on a podcast and listen to it immediately (just like streaming audio), or you can save it to your computer (and/or iPod) for later. Some podcasts require a free subscription and/or special podcast software (i.e., iTunes, iPodder, Podcatcher, etc.), but most podcasts can be heard using a normal Web browser set up for MP3 audio. The advantage of subscribing is that youll get your chosen podcast on a regular basis, just like a newsletter.  A lot of the podcasting software and services are free. You dont have to pay for anything unless you want to. The free iTunes software from Apple (for Mac or Windows) has support for podcasts and is perhaps the easiest way to subscribe to podcasts in German or other languages. How to Find German Podcasts The best way is to use iTunes or some other podcast directory. Podcast.net lists over 20 podcasts in German. Thats where I found Annik and Schlaflos in Mà ¼nchen, but shes also listed in iTunes and other directories. (Some podcasts listed under Deutsch may actually be in English, because its up to the podcaster to select the category.) Of course, there are also German podcast directories, including das deutsche Podcasting Portal - German podcasts. The iPodder.org site has a page for podster.de, but you need to download the free Juicer client (Mac, Win, Linux) to use it. You can also use Google.de or other search engines to find podcasts in German. Some Selected Podcast Sites in German Most podcasters have a Web site related to their podcasts, often with a forum for feedback and comments. Most will let you stream their MP3 podcasts, but if you want to subscribe, try one of the podcast clients such as iPodder. Annik Rubens: Schlaflos in Mà ¼nchen 3-5 minute daily podcasts1st Intergalactic Podcast Ralfs tgliche handvoll Minà ¼tchen à ¼ber einfach allesAudibleBlog.de Topics: Large variety (business, Kinder, usw.) DIE ZEIT and audio highlights (3-12 min.) from audible.deGnak Podcast Verschiedenes von Nicole Simone in Là ¼beck

Simon Everly PLC Financial analysis and decision making Essay

Simon Everly PLC Financial analysis and decision making - Essay Example INTERPRETATION OF LIQUIDITY RATIOS Liquidity of an organization is its ability to meet its short term duties (obligations), and it is amongst the major measures of organizations’ financial health (Brigham & Ehrhardt 2011). The liquidity ratios for Simon Everly PLC determined in this task involved: Current Ratio and Acid Test Ratio. Interpretation of the Current Ratio This ratio shows the ability of an organization to pay its short liabilities using its short term Assets (Brigham & Ehrhardt 2011). Current ratios of orgainzations should be equal to or more one (1). If the ratio is either equal to one (1) or more than one (1), the organization is capable of satisfying its short term obligations using its current Assets (Brigham & Ehrhardt 2011). A current ratio that is less than 1 (one), on the other hand, means that cannot satisfy the needs of its short term liabilities, and therefore, is facing liquidity problems (Brigham & Ehrhardt 2011). Simon Everly’s Current Ratio Th e current ratios for the organization as of the 2011/12 and 2010/2011 financial years were shown in the below: Current Ratio as of 2011/12 Financial year was 1.72. Current Ratio as of 2010/11 Financial year was 1.94. ... This shows that even though the organization’s current ratio liquidity was more than one (1), it was on the down trend, and if proper actions are not taken on time the organization may be faced with liquidity problems in future. The consequences of this downward trend can be solved by the proposed strategy to obtain more funds for additional investments. Interpretation of the Acid Test Ratio The use of current ratio alone is not sufficient to determine liquidity for organisations since it involve certain current assets such as inventory that may be hard to convert to cash. Therefore, Acid test ratio which eliminates these assets (Assets that are difficult to convert into cash such as inventories) will give the real picture of the organization’s liquidity (financial health) (Thukaram 2007). Its interpretation is same as that of current ratio. That is, if it is more than one the organization is financially healthy in terms of liquidity and vice versa if it is less than on e (Thukaram 2007). Simon Everly’s Acid Test Ratio The Acid Test ratios for the organization as of the 2011/12 and 2010/2011 financial years were shown in the below: Acid Test Ratio as of 2011/12 Financial year was 0.9055 Acid Test Ratio as of 2010/11 Financial year was 1.19. While the Acid Test Ratio for 2010/11 Financial year was more than one (favourable, 1.19), the one for 2011/12 Financial year was less than one (unfavourable, 0.9055). This means the organization was able to meet the all obligations of short term liabilities using its current assets during the 2010/11 financial year. As of the financial year 2011/12 the organization’s liquidity was questionable. Therefore, necessary actions are required in order to improve the organization’s liquidity. It is suggested that the

Fire in the Pioneers by James Fenimore Cooper Essay

Fire in the Pioneers by James Fenimore Cooper - Essay Example He artistically finds and positions fire strategically amidst the conflict thereby portraying his artistic prodigy. Forest fires in the novel epitomize the conflict between humans in the civilized society and the nature. In the several scenes, Cooper uses forest fires specifically to portray he role of humans in the destruction of massive forestlands thereby perpetuating environmental pollution. The forest fires spread fast and consume hundreds of hectares annihilating both animals and vegetation throughout the entire region. Most of the fires are results of human carelessness since malicious individuals who spark the fires simply to torment the rest of the society instigate some of the fires. Other forest fires on the other hand begin because of carelessness such as smokers and famers burning refuse in their gardens. Such shows of carelessness result in the destruction of the ecosystem as hundreds of hectares of forest cover burns away killing all the animals in such ecosystems (Cooper 54). The portrayal of the forest fires is tactical as Cooper uses such to build the extent and effects of environmental degradation. As the fires spread, the forests sustain the flow as massive bush land go up in flame owing to human laxity. The inability of the people to orchestrate timely response to the forest fires result in the loss of both the ecosystem and human life at times. Cooper uses the forest fires to sustain his sardonic criticism of the society and the relationship between humans in the civilized society and the natural wilderness thereby depicting the priorities of the humans. Apparently, the humans fail to recognize the position and role of the environment despite their technological advancement a feature that contributes to the people’s inability to curb forest fires before they destroy large tracts of

How precious metals relate to the economy Research Paper

How precious metals relate to the economy - Research Paper Example While gold remains the most popular investment vehicle for investors, silver, platinum, and palladium continue to hold strong interest. This research paper focuses on how these precious metals relate to the American economy and examines the price of the dollar in relation to these metals. This essay describes the history of the Western economy and banking structure, that was originally linked to gold through the gold standard. At a time in history all currency produced was held to a standard reserve of gold in the country’s central bank. However, recent decades have gradually witnessed a shift from this economic structure. Today precious metals operate in large degree like a currency, as they are subject to market inflations and deflations. There are many motivations for the purchase or investment in precious metals. In this context of understanding, this research paper reveales that precious metals largely function as a hedge for investors against fiat currency and volatile markets. In addition the nature of the historic relation between gold and currency is examined in terms of the gold standard. It’s noted that supporters argue going off the gold standards creates greater government volatility, while detractors argue that going off the gold standard creates the potential for a welfare state. Ultimately, it’s clear that both historically and in the contemporary environment precious metals and the economy are greatly intertwined.

Teaching Listening Skills In The Classroom English Language Essay

Teaching Listening Skills In The Classroom English Language Essay Introduction Because of requiring quality for teaching students, especially teaching listening skills in the classroom, assorted schools, colleges, and universities have tried to look for good strategies (Teaching listening skills), for this area is the most complicated to teach students, and then this issue has developed into a good subject for teachers and those institutions to be concerned about. On the other hand, these concerns are dealt with many books and journal articles with new strategies for teaching listening skills in the classroom these days. In online publication date: 29 July 2010 article written by Dorothy R. and Sid T. states Most teachers are aware that students listening skills are not what they once were. Our classrooms are filled with students who either do not listen or listen with their ears but not with their brains. (Dorothy R. Sid T. (2010, july 29). 56, 310-311). Instead, many more authors or writers in numerous books and journal articles can respond to this issue with out any hesitation. In order to answer this issue, authors and other teachers assert that copious strategies in abundant books and articles are much better than only one.Penny contends that in principle, the objective of listening comprehension in the classroom is that students should learn to function successfully in real-life listening is(Penny 1996, p 105).Moreover, a statement states that there is no one way of doing a listening skills lesson- it depends on such factors as the aim, the text type, the level of the students, etc.(Roger, Diane, Steve 1983, p89). Hence, studies of the strategies for teaching listening skills in the classroom according to various references- both books and journal articles- embrace a variety of techniques and strategies. I, however, now extract one of those to outline this. Depending on the journal article written by Dorothy R. and Sid T., it reveals that there are several ways of teaching listening skills in the classroom effectively (Dorothy R. Sid T. (2010, july 29). 56, 310-311). First, Call attention to careful listening will heighten childrens awareness of the importance of the skill. An oral check of student responses will call immediate attention to errors and eliminate paper checking for the teachers. Second, Taped selections can be played to students, followed by questions about their content. Questions that encourage beneficial listening skills include those that ask about cause and effect, sequence, main ideas, terminology, drawing conclusion, and the names of the main characters. In addition, Mrs. King a third-grade teacher in the Huntsville, Texas public school system starts the school year by telling the students that her very quiet voice is her teaching voice. She does not yell, and she insists on politeness speaking only with permission and not talking when others are speaking. As a result of this and other techniques, the noise level in her classroom is always low. Finally, exercises in careful listening habits are being learned by our television- oriented young people (Dorothy R. King (2010, july 29). 56, 310-311). These diverse approaches have been applied to peruse good strategies for teaching listening skills in the classroom, and how much the students understand those. This proof is shown that most of the students in listening class demand many strategies for improving their listening skills. Only studies, nevertheless, of Dorothy R. Sid T. are not sufficient for teaching listening skills in the classroom, for one skill requires a variety of strategies or techniques in order that instructors are convenient to impart knowledge to students effectively. Therefore, Roger, Diane, and Steve state that there is no one way of doing a listening skills lesson it depends on such factors as the aim, the text type, and the level of the students, etc.( Roger, Diane, and Steve 1983). Besides, the shortage of searching more information related to the strategies for teaching listening skills in the classroom is deplorable because it is advantageous to our skills (Teaching as career). Not only do you believe in one authors documents, but you also try to search the work of arts of others in order to have new ideas or techniques to teach the students both effectively and successfully. In conclusion, this study attempted to donate the knowledge base related to teaching listening skills by probing as many strategies for teaching listening skills in the classroom as possible to make sure that students are contented to accept those effectively. In order to apprehend this research clearly, you are asked a few questions as follows: 1. What are the strategies for teaching listening skills in the classroom? 2. With what benefits do they provide you? 3. How do these strategies respond to the students in the classroom and the real world? Annotated Bibliography 1. Æ’ËÅ" King, D. R Womack, S. T. (2010, july 29). Strategies for Teaching Listening Skills. The Clearing House: A Journal Of Education Strategies, Issues and Ideas, 56, 310- 311. Dorothy R and Sid T., in this journal article, show off teachers difficulty in teaching students listening skills because theirs are not what they once were, and the classrooms are filled with the students who do not pay attention to teachers explanation (Teaching listening skills). When listening, they use only their ears but not the brains. Therefore, the purpose of this article is focused on several strategies which can help teachers teach listening skills in the classroom successfully. Even though this article is not the most perfect one, it can provide good methods for dealing with this issue and my research, especially the strategies for teaching listening skills in the classroom, and then this tool is used to conduct the next one in general classes. Finally it is also able to help me to apply all the strategies in my study in order to improve the skills as teacher of English in the future. 2.Æ’ËÅ" Scrivener, J. (1994). Tearning Teaching. Great Britain: Macmillan Jim, in this book, offers several procedures and strategies that can help students improve their listening skills, such as task-based listening, the task feedback circle, how we listen, and listening ideas, which are effective to upgrade students listening skills in the classroom; also, it is really significant to the study because this research (Teaching listening skills in the classroom) is applied to the real world. This book also provides a great deal of information related to teaching listening skills for research, particularly the key points. Moreover these strategies can help many researchers and learners create more methods to conduct next research effectively. Last of all, they do assist me to use the key concepts of these strategies in my study successfully, and I also have a good opportunity to upgrade my knowledge teaching as career. 3.Æ’ËÅ" Ellis, R. (2003). Task-based Language Learning and Teaching. China: Oxford University Press. In this book (tasks, listening comprehension SLA), Rod shows that this chapter based on listening tasks has contributed to theory (as it concerns both listening and language acquisition), research methodology, and language pedagogy. These three key terms are really crucial to the research related to teaching listening skills; for example, Academic listening task research has shown that when learners lack relevant schemata their ability to take notes and comprehend a lecture suffers. Thus Rod offers a promising tool for investigating the micro processes involved in comprehending and language acquisition. These strategies are very much valuable for the study since it not only focuses on the classroom teaching but also concentrates on learners in general, and this task too is very useful to my study because it is the guideline to achieve either the next new research or the teaching listening skills in the classroom. 4. Æ’ËÅ" Ur, P. (1996). A Course in Language Teaching. Great Britain: Cambridge University Press Penny, in this book (Chapter 8: Teaching listening, Unit one), teaches about Real-life listening in the classroom. In the unit, he indicates three main steps to teach listening skills, such as Guidelines, Practical classroom application, and Implementing the guidelines: some specific practical implications. These key points are very essential, for they can make teaching listening in the classroom effective and beneficial. Furthermore it is able to provide a lot of information and new strategies to my study, which relates to the teaching listening research. Therefore this research can be applied not only in my classroom but also in the real world. 5. Æ’ËÅ" Pearse, E. Davies, P. (2000). Success in English Teaching. New York, Hong Kong: Oxford University Press. In this book, Paul and Eric provide the strategies for teaching listening skills; that is, the strategies generally recommended are: pre-listening, while-listening, and post-listening, which are absolutely useful to draw students attention on teaching listening class effectively. In addition this book classifies listening text in terms of learner control and some more activities that can help both teachers and learners achieve the objectives during their processes. All the strategies can be applied to all teaching listening classrooms not only one class as they are absolutely practical to all learners, in particular they are very crucial to my research study, for my topic is related to this area, and it can assist me to apply the strategies in the real classroom teaching. 6. Æ’ËÅ" Gower, R., Phillips, D., Walters, S. (1983). Teaching Practice Handbook. China: Macmillian,Heinemann. Roger, Diane, and Steve, in this book, raise good strategies related to the skills how to improve students listening skills, which help the students find it easier to embrace this area. In addition they say that there is no one way of doing listening skills lesson it depends on such factors as the aim, the text type, and the level of the students, etc. and they also give the example involving in guidelines on one way of conducting a listening skills lesson which is divided into three sections before listening, first listening, and second listening; i.e. all these are included with its feedback too. These strategies are applied to implement classroom teaching, in particular these key points used to do the survey on students understanding of listening skills effectively. They will also help me to conduct the authentic research on my field- teaching as career successfully. 7. Æ’ËÅ" Hedge, T. (2000). Teaching and Learning in the Language Classroom. China: Oxford University Press. In this book, Tricia tells a lot about the strategies related to teaching listening skills in the classroom. First he talks about the role of listening in the ELT curriculum, such as pre-listening task and listening note taking, which can be assumed that listening ability will develop automatically through exposure to the language and through practice of grammar, vocabulary, and pronunciation. Next he shows what we know about listening process bottom-up processes and top-down processes in listening, which can be applied with real knowledge of learners. Furthermore he also indicates the purpose of listening; i.e. it refers to conversation of a personal kind in which the listening is reciprocal or participatory and so on, especially designing listening activities for the classroom, which is really vital to the academic course because I need this for my teaching listening classroom. All these key strategies will make my research study more and more advanced as teacher of English. 8. Æ’ËÅ" Peterson, P. W. Teaching English as a Second or Foreign Language. (M. C. Murcia, Ed.) the USA. Pat W., in this book, indicates a few prompts related to the strategies for listening skills. First he shows the types of strategies specific to listening comprehension, such as categories of metacognitive, cognitive, and socioaffective strategies, which are very important to the study because each has a various function in teaching listening methods. Next, he spots a development view of listening skills. In this section he focuses on profile of the beginning, intermediate, and advanced-level student in listening good strategies which can be segregated for teaching in each class. Moreover he sets the goals for them Bottom-up and Top-down processing, Goals and exercise types, and beginning, Intermediate, advanced-level learners which can make teachers easy to teach them successfully. All these strategies are valuable to the study, for they are classified differently. I hope that these will not only help me teach my students in the class but also be helpful to my MA research program . 9. Æ’ËÅ" Hadfiekd, Jill Charles. (2008). introduction to teaching English. Portugal: Oxford University Press. In this book, Jill and Charles show the explanation to the stages of a listening lesson set up as follows: First he talks about before a listening Lead-in method engages learners interest, introduce the topic and context, activate learners background knowledge, help the learners to predict what the speakers might say, and introduce some key words and expression; also, Language focus introduces some key vocabulary, and other words. Second it is about during a listening lesson; that is, Tasks show that you should aim to repeat the listening several times with a series of listening tasks. Finally it is about after a listening lesson; i.e. Language focus concentrates on some of the language in the text, such as new vocabulary, and Transfer uses the listening and the language work as the basis for work in a different skill. These strategies are really practical to the study. Even though they are not the perfect ones, they show off good advantages to teachers in order to implement these t echniques in the classroom successfully. Also they will be useful to me because I become a teacher of English and I have to use these as my teaching tools. 10. Æ’ËÅ" Fernandez-Toro, M. (2005). The role of paired Listening in L2 listening instruction. Language Learning Journal, 31, 3-8. Maria, in this journal article, mentions much of the difficulty related to the fact that listening processes cannot be easily observed and shown because they all take place inside t he listeners mind. She, however, indicates that paired listening offers a number of potential benefits, both as a diagnostic tool and as a valid learning exercise in itself. Moreover, this research is also profitable for the study, for the writer shows not only the problem to the skills but also the good methods applied to deal with its issues. Thus, this article is really useful to my research because I can use these strategies to operationalize all good points in my own study.

A Happier Tomorrow in Today Will Be a Quiet Day Essays -- Today Will B

A Happier Tomorrow in Today Will Be a Quiet Day  Ã‚     Ã‚   In the story "Today Will Be a Quiet Day" written by Amy Hempel, one may be inclined to believe that there is a tone of depression or sadness among the father and the two children. This is shown in the opening sentence, while the three are stalled in traffic on the Golden Gate Bridge. The boy states, "I think if the quake hit now the bridge would collapse and the ramps would be left" (Hempel 1202). We also learn that the boy had a best friend who committed suicide about a year before. Finally, the fact that a mother is not mentioned leaves the reader with a suspicion that the parents may be divorced, separated, or even worse, the mother may be deceased. Even though these incidents probably make the reader feel as if a disaster is likely to occur, there is also ample evidence to show that the family is moving on in their lives, and happier times are yet to come. First, the father decides to take the day off and spend some time with his children. He lets his son and daughter skip their music lessons and they all take a trip...

Economic Exposure Essay

This report reviews the foreign exchange exposure of Eurojet due to the future development plans and growth of the low cost airline company, this report also highlights the various risks Eurojet, faces in operating in different countries identifying, measuring, and managing the various foreign exchange exposures that might be faced by Eurojet. However, some of these issues will be analysed differently. Foreign Exchange Exposure: According to Buckley (2004, pg.135) foreign exchange exposure means that a firm has assets, liabilities, and profits or expected future cash flow streams such that the home currency value assets, liabilities, profits or the present value in the home currency terms of expected future cash flows changes as exchange rate change. ISSUE 1: foreign risk exposure management Identifying Eurojet foreign exchange risk For Eurojet the risks that might arise currently for being an international business is the concentration of Eurojet airlines with significant exposures in Euro areas (Dublin Dusseldorf, London-Stanstead, Milan, Brussels,) and North Africa, means that they need to be aware of this risks before they analyse, and agree on what to do about it. Therefore, this exposure occurs due to their currency movements in operating centres, which may alter their home currency (Buckley, 2004, pg.143) giving rise to exchange rate fluctuations and risks. Therefore Eurojet exposure to exchange rate fluctuations will come in three forms: transaction exposure, economic exposure, and translation exposure. In addition, these different exposures will be analysed by applying to Eurojet. Transaction exposure Transaction exposure occurs because; a payable or receivable is denominated in a foreign currency (Buckley, 2004). It is also a cash flow exposure including sale of an asset and the receipt of the payment. Within this time interval exchange rates might change, and will exposed Eurojet to a risk either positive or negative, which will have an impact on Eurojet exposure to international contractual transactions to exchange rate fluctuations. Eurojet transaction exposures will therefore have an impact on the exchange rate fluctuations in the value of committed cash flows. From Eurojet income statement (appendix 2-note 5), due to the contracts for the supply of  fuel and oil to Eurojet invoiced in US foreign currency (dollars). It could be analysed that Eurojet will be faced with currency risk. This is going to affect the price of fuel cost due to exchange rate movements. So the current price of fuel cost is â‚ ¬18887million, so to get the fuel cost in dollars. It will be â‚ ¬188 7 divided by US$1.59686 (current exchange rate value in dollars) will equal to US$1181694075- this is how much eurojet have to pay in dollars to get fuel supplied to their airlines, which is certain. However, there is also an issue of uncertainty as to what the fuel cost in dollar will be in the future. Due to dollar invoicing of fuel, the dollar price will vary with the exchange rate. Although eurojet can lock in the dollar price on its current orders, it has no idea what the will be the dollar costs of its future orders of fuel. This also explains the volatility of fuel prices, as when eurojet buys fuel they have to pay for it immediately. So they will need to hedge fuel price to stablise fuel costs. However, losses due to transaction exposure merely result in lower sales revenue. Eurojet also faces currency risks as regards to the British pound sterling. From the case study, 40% of Eurojet revenues come from its London-Stanstead operations, this means that a change in pound sterling will hugely affects Eurojet profitability. In calculation, (40% of â‚ ¬4884m=1953.6) to get the real revenue, we say 1953.6 divided by â‚ ¬1.19683(currency exchange rate) = £1632.312024-so therefore, this is Eurojet revenue from its London-Stanstead operations. To measure transaction exposure, Eurojet will need to project the net amount of inflows or outflows in each foreign currency, and determine the overall risk of exposure to those currencies (Pilbeam, 2006). And then it will measure any gains or losses that may arise from the settlement of existing financial obligations whose terms are included in the foreign currency. Economic exposure According to Tesar and Dominguez (2006), factors such as firm size, multinational status, foreign sales, international assets, and competitiveness and trade at the industry level may influence economic exposure of the companies Economic exposure the impact of long-term currency exposure and analyses the health of a company’s business in the long run. The changes registered in the expected future cash flows depend of the  change in the position the company holds In the case of Eurojet foreign operations and competition, managing economic exposure will involve all aspects of the company. Economic exposure will arise in all markets for Eurojet against US dollar, British pound, Swiss Franc. This arises because Eurojet has its costs base in Euros whereas competitors might have theirs in British pound, US dollar etc. Although it is difficult to reduce economic exposure, Eurojet can reduce the risk by offering same as competitors. Airlines, like many industrial companies, are potentially exposed to risks resulting from adverse movements in interest rates, foreign currency prices, and commodity prices, particularly fuel prices. Airlines’ fuel price exposures are particularly transparent because oil is a widely traded global commodity, and the poor economic condition of airlines (partly as a result of higher fuel prices) has frequently been in the news since the terrorist attacks of September 11, 2001 Translation exposure Under the FASB 52, Eurojet translation gains and losses of â‚ ¬138 million will be included in their stockholders equity. So therefore, when the Euro strengthens, the consolidated earnings of Eurojet will be unfavourably affected by the translation exposure, and when the euro weakens the consolidated earnings are favourably affected. Also from Eurojet income statement, it could be analysed that currently eurojet concentrates on local sales and has little foreign competition, although obtains foreign fuel supply from the US (-denominated in foreign currency) this will likely be hurt by depreciated local currency. As in the case of translation exposure the MNC can have an equal amount of exposed foreign currency assets and liabilities. By doing so the company will be able to offset any gain or loss it may have due to changes in the exchange rates of that currency, also known as balance sheet hedging. (Eiteman, Stonehill, & Moffett, 2007) Management of foreign exchange exposure/risks Eurojet Foreign exchange risk management will focus on identifying areas in the operations of Eurojet, which may be an issue to foreign exchange exposures, evaluating and analysing the exposure, and choosing the right  approach to manage the risk to the final performance of Eurojet. Before establishing hedging policies, Eurojet will need to measure its economic exposure. In order to do that a eurojet can invest some of its resources in evaluating its exposure, i.e., identifying the set of environmental contingencies affecting and relevant to the creation of shareholder value (Miller, 1998). This identification allows the assessment of alternative environmental scenarios and consequent adoption of improved strategic decisions by the company. Furthermore, Froot et al. (1993) analysed that firms find hedging more valuable when the connection between investment opportunities and cash flows resulting from hedgeable risks is lower. For Eurojet, it could be implied that hedging will increase their value and investment opportunities, which are available when fuel prices are high (and internal cash flow is low as a result). In addition, hedging can assist Eurojet ability to invest by negotiating with US aircraft manufacturer in advance of delivery of some of the aircraft. In essence, Hedging might preserve Eurojet internal cash flow to meet future commitments to purchase aircraft. In dealing with economic exposures efficiently, a MNC may have to diversify either its finance or its operations. It can diversify its operations by either moving to locations where the cost of production is low, or having a flexible supplier policy, or changing the target market for its products and the types of products it deals in. As it can be illustrated from the 1994 example of Toyota, when a strong Yen made Japanese exports to US more expensive, it decided to shift its production from Japan to US, where it achieved comparatively lower costs of production, enabling it to compete in the US car market. (Eun & Resnick, 2007). ISSUE 2 Firstly, for Eurojet expanding to more routes, this will mean more revenues as regards to cash inflows and outflows. And Eurojet achieving their business objective of airline ambitious growth plans. One of the Risks eurojet is mostly likely to face is operating risk, which it will incur from the US dollar. This also reveals that exchange rate has been a big challenge for the airline industry. The instability of an exchange rate makes it  impossible for airlines to match in transaction and timing of foreign currency expenses. Furthermore, in extending its route network Eurojet might incur a net cash outflows in currencies (dollars and rubbles) when operating in US and Russia (Moscow and St Petersburg) which will create a higher exposure to exchange rate. As Eurojet currency (â‚ ¬) will represent a net cash outflows on the balance sheet thereby giving rise to translation exposure due to the increase in proportion of earnings as generated by these foreign subsidiaries ((Muller, 2005). So therefore as eurojet wants to operate in US and Russia areas, if they want to fly from other European locations they will need to approach government to deal with US and Russia Eurojet also face the risk of weather turmoil in Russia, compounded with the volatility of risk in Euro-dollar exchange rate. Also in expanding to Russia areas, there are some legal issues due to tightening regulations from government authorities. As non-refundable tickets, charging for meals, and hiring of foreign pilots ISSUE 3: Firstly, due to Eurojet opportunity for network growth, by ordering 200 aircraft from US, and China manufacturer. Here Eurojet will be considered to be an importer, and their exchange rate risk will be limited to net cash flows in US and China currency. Eurojet transaction risk will arise in the US (dollar) and China (yen) order received immediately for the manufacture of 200 aircrafts to Eurojet, payable within 10 years. Also, the quantity of US dollar and China yen price is already known. This means that the transaction risk will concern the euro value of the dollar payment in 10 years, and the China quotes the yen value of the dollar payment in 10 years-as the price of china aircraft in Renminbi . To buy the C900 aircraft offered by the Chinese manufacturer, eurojet might face exchange rate risk as they will need the dollar to buy the Chinese aircraft. In calculation, this will be 116,307.5m Renminbi divided by 6.12287CNY= US$18995.5854-this is how much it will dollars to pay for China aircrafts. Furthermore, Eurojet will also face exchange rate risks, as their transaction risk arise from their euro currency denominated imports in the same ways as US and China foreign currency denominated exports. Eurojet economic risk will be subject to variations of its costs induced by exchange rate fluctuation. This is  also going to have an impact on Eurojet exchange rate variations on their stock market return, and controlling the return for their entire market (Dohring, 2008). So therefore euro appreciation will increase Eurojet share value because it is eurojet-operating currency. Also the exposure of Eurojet to US aircraft payment is 65% when measured over a 10 year period this can be quite difficult, to hedge as Dohiring (2008) identified that long term exposures are difficult to hedge than short term exposures as they could increase over the time horizon under consideration. Risks involving short-term transactions can be dealt with using financial instruments but long-term risks often require changes in the operations of the company. In the case of Eurojet, importing aircrafts from US and China. Eurojet will have to pay in the currency of the US manufacturer (US dollars), therefore it is Eurojet who carries the risk as they have to buy dollars in order to pay the manufacturers. However, Eurojet can pay in its own currency (Euros) but this might mean that China manufacturer will carry the risk most as they have to change the Yen from dollars. Furthermore, as Eurojet wants to contract out much of its production to US (including fuel supply) and China manufacturers, this means that Eurojet will face currency risk and uncertainty as US and China manufacturers are billing in their local currencies, There is also an issue of uncertainty as to what the dollar cost of its orders will be, both now and in the future. If it insists on dollar invoicing, the dollar price will likely vary with the exchange rate. Hence, although Eurojet can lock in the dollar price of its current orders, it has no idea what will be the dollar costs of its future orders Furthermore, adding new aircrafts means that Eurojet needs more crew members, pilots and maintenance engineers, this will impact on the Eurojet profitability as the expenditure will go up. Eurojet will also face political risk due to significant foreign financing, foreign suppliers or customers, and international transactions or assets are relatively exposed to adverse changes in currency controls, capital flow barriers, and other laws and regulations (Graham, 2012). The probability of expropriation can differ across industries. Firms whose cash flows are particularly sensitive to general economic conditions may be exposed to political risks due to their broad impact on the economy. APPENDIX 1 The main objectives of the Bretton Woods system are to achieve exchange rate stability and promote international trade and development According to David Ricardo, with free international trade, it is mutually beneficial for two countries to each specialize in the production of the goods that it can produce relatively most efficiently and then trade those goods. By doing so, the two countries can increase their combined production, which allows both countries to consume more of both goods. Any foreign currency (ie non euro) denominated transactions may give rise to transaction exposure if there is a delay between entering the contract and settlement Eurojet addition of 200 aircrafts of its existing operations reveals a strategic move by Eurojet. Bringing new flights will also require upgrading of its scheduling and reservation application, this is mostly related to change management, so Eurojet will need to understand the risk, which could arise due to it. However, as the number of fleets go up, Eurojet will face the challenge of domestic aircrafts been rested for a short period. Inappropriate handling of this issues will lead to operating risk where the charges to be paid to authority will increase. Therefore Eurojet need to make sure that its scheduling application is proficient enough to take this challenge. There’s also a risk, which might arise due to social acceptance from Eurojet passengers if this happens, Eurojet will have to educate its customers more on the usefulness of its new aircrafts may be by offering at discounted rates. Eurojet will need to implement on the job and off the Traning programs for its new crew members and maintenance engineers. So they can learn how to operate the new fleet. For new employees the training will include, training for B737 or C900 depending on which option it wants to buy. However, the aim of achieving this will generate some additional training costs for Eurojet, but it help Eurojet to enjoy its process driven operation rather than having its driven people operation Russia climbed eight places to the 112th position in The World Bank’s 2013 Doing Business Rankings, up from 120th in 2012. Tax payment and contract enforcement fueled this improvement. However, despite this progress, Russia’s overall ranking for doing business remains relatively average. According to recent estimates†¨by the Central Bank of Russia, approximately US$54.1 billion of private capital was invested out of the country in 2012. This is†¨an improvement on the US$80.5 billion of outward investment recorded in 2011, which suggests that some of the Government’s efforts to improve this situation have been successful. Also, the traditional literature on the choice of he invoicing currency of international business trade. Grassham law 1973, starts from the observation that trade in manufacturing goods between industrial countries is mostly invoiced in the exporters currency Exchange rate changes can also impact on the level of competitiveness of the firms that are exposed to exchange rate risk, or affect the value of their net assets denominated in foreign currencies It is widely believed that changing exchange rates affect the competitiveness of firms engaged in international competition. According to Luehrman (1991), a falling home currency promotes the competitiveness of firms in home country by allowing them to undercut prices charged for goods manufactured abroad. Many simple partial equilibrium models (e.g. Shapiro) predict an increase in the value of the home country firm in response to a real drop in the value of the home currency. Economic theory suggests that under a floating exchange rate regime, exchange rate appreciation reduces the competitiveness of export markets; it has a negative effect on the domestic stock market. Conversely, if the country is import denominated, exchange rate appreciation may have positive affect on the stock market by lowering input costs. Financial hedging may be a more cost-effective strategy than operational hedging for many firms since it doesn’t involve major redeployment of resources like building factories in other countries. One likely risk to be faced by Eurojet is the financial crisis. Involved with the foreign currency exchange markets. It is also evident from the case study that due to eurojet current and future operations it is already dealing with more than one national currency especially in extending its routes to US travels. So therefore, the changes in the foreign exchange rates will affect eurojet profitability. Also this risks arises because of currency movements may alter in home country values(Buckley, 2004), which depends on various variables such as the interest rate parity, government policies purchasing power parity on exchange rates Is there any direct evidence that risk management increases firm value? The answer is yes, but the evidence is fairly limited as yet. A number of more recent studies show a clearly positive correlation between higher share values and the use of derivatives to manage foreign exchange rate risk and interest rate risk. And one study provides fairly compel-ling evidence that the use of commodity price derivatives by commodity users increases share values. But studies of the hedging by commodity producers provide no clear support for the argument that risk management adds value. At a minimum, whether hedging adds value appears to depend on the types of risk to which a firm is exposed to. Given investment patterns in the airline industry, the value premium suggests that hedging allows airlines more ability to fund investment during periods of high fuel prices. The constructive relation between hedging and value further suggests that investors view such investment as positive net present value projects. We find that The interaction between hedging and capital expenditures captures a large majority of the hedging premium. We also examine a two-stage system in which hedging impacts value through its effect on capital expenditure. Given investment patterns in the airline industry, the value premium suggests that hedging allows airlines more ability to fund investment during periods of high jet fuel prices. The positive relation between hedging and value further suggests that investors view such investment as positive net present value projects. We find that the interaction between hedging and capital expenditures captures a large majority of the hedging premium. We also examine a two-stage system in which hedging impacts value through its effect on capital expenditures. The results of this procedure also suggest that the hedging premium is largely attributable to the effect of hedging on capital investments. The results of this procedure also suggest that the hedging premium is largely attributable to the effect of hedging on capital investment. However, from airline industry research it could be assumed that Eurojet is faced with the following financial risks; change in fuel prices, foreign currency exchange fluctuations, and changes in interest rates. An increase in fuel price, which is due to increase in demand from emerging economies like India and China. And decline in supply is due to major disruptions in oil production and refinery. REFERNCES http://onlinelibrary.wiley.com/doi/10.1111/j.1755-053X.2006.tb00131.x/pdf http://onlinelibrary.wiley.com/doi/10.1111/j.1755-053X.2006.tb00131.x/pdf http://onlinelibrary.wiley.com/doi/10.1111/j.1745-6622.2005.00042.x/pdf http://onlinelibrary.wiley.com/doi/10.1111/j.1745-6622.2005.00042.x/pdf David A. Carter, Daniel A. Rogers, Betty J. Simkins 2008 http://onlinelibrary.wiley.com/doi/10.1111/j.1755-053X.2006.tb00131.x/pdf http://onlinelibrary.wiley.com/doi/10.1111/j.1755-053X.2006.tb00131.x/pdf http://www.ey.com/Publication/vwLUAssets/2013-Russia-attractiveness-survey-Eng/$FILE/2013-Russia-attractiveness-survey-Eng.pdf http://ec.europa.eu/economy_finance/publications/publication11475_en.pdf

Privatization of Education System Essays

Privatization of Education System Essays Privatization of Education System Essay Privatization of Education System Essay The existing education system in Bangladesh does not seem very efficient to build ideal future citizens as there are lots of problems associated with it. The subject of argument is that whether privatization of the public institutions can be a solution to this problem or not. Privatization refers to the transfer of ownership or shifting the sector balance without redesigning the existing institutions from the government to the private hands. In fact, I believe that the education system in Bangladesh should be privatized to bring overall effifiency. There are numerous reasons behind my decision to take my stand on the privatization factor. The most important one is that- the privatized education system will establish a stable state in the entire process.. This is necessary because of the unstable political situation in our country. Every time the government changes and the new one has the tendency to make changes over the previous policies which resists both the teachers and the students to become skilled on a particular system. For example, our present govt has introduced a new pattern called creative analysis in the primary and secondary level. Again, The government changes the policies sometimes to become popular among people. For example, in the recent years our government has taken initiatives to increase the literacy rate. So steps have been taken to make people literate only leaving other important issues that increase the potential of the students. Moreover, often flexibility is maintained to increase the number of gpa 5 holders in the board examination . As a result the standard of eduacrion is not maintained properly. Another thing to be considered is that every year the number of students are increasing in the schools ,colleges and universities and capacity of the public institutions are not increasing proportionately. So a large number of students do not get chnces anywhere.. We should also concentrate on this problem while arguing on this topic that – if the public institutions cannot accommodate all students then where these students will go for further studies? Should we let them drop out? People on the other side might say that privatization of the education system will increase the cost to a large extent but I can suggest them to think about an education system that will be handled by the intellectual parties and partially funded by the government as a cost reduction method. The supports behind my opinion given in the above paragraphs prove that privatization of the education system in Bangladesh will prevent the alarming condition. Some people will not agree with me but there is really no valid reason for opposing the privatization factor because It will provide all the students with better management and if the government gives enough financial support then it will be reachable for all the students.

Greenpeace History essays

Greenpeace History essays Greenpeace History The year 1996 is a year of celebration for greenpeace. They are celebrating their 25th year anniversary. Everything startde in 1969; Members were part of the Dont make a wave committee in vancouver. This committee was founded by Jim Bohlen. He was a forty-three year old American and was a composite-materials researcher. Another founder of the committee was Irving Stowe; he was a Philadelphia lawyer. A jew who had joined the Quaker religion. Paul Cote, a canadian lawyer in his mid twenties who had just gotten out of shool when he joined the committee. During this year, the United States had chosen to test its nuclear arsenal in Amchtka, which is a small island off the west cost of alaska. This was a home for many animals including eagles, falcons, endangered sea otters,etc... These three men decided to produce means to end nuclear testing in Amchitka.Next they decided to sail a boat theyd name it Greenpeace because they wanted the earth to be green and yhey wanted peace. It was Bill Darnell who came upwith that name. Suddenly, more peaple joined the commitee to stop nuclear testing in Amchitka, including Terry Simmons, a cultural geographer. Bohlen and Stowe were attracting journalist, columnist, writer, anyone who had somthing to do in the media. It took them two years to get them ready for their journey towards justice for a land. Bohlen and cote were in charge of fiding a boat. Meanwhile, Stowe took care of fiding the money. He used contacts from the United States; he was a very serious man and did everything possible to get the money they needed, he even organized a benefit concert which made seventeen thousand dollars. The first boat they found Phylis Cormack was first seen as old and used that wasnt going to be capable of sailing to Amchitka, so they werent sure of using this boat; it would carry twelve crew members and ...

Health, Safety, and Nutrition for the Young Child Research Paper

Health, Safety, and Nutrition for the Young Child - Research Paper Example Developmental toys are essential for young children because they support the child’s learning process and have the added advantage of being less likely to cause unintentional injuries. (Herr, 2001). The guidelines which need to consider when selecting toys for young children are as follows:1. It is important to consider the child’s age, interests, and developmental abilities when selecting an appropriate toy. Developmental skills should be given foremost importance because the toy should be able to enhance his problem solving and reasoning skills.  2. High-quality construction features are important to consider such as durability, stability, and good design.3. Select toys that young children can use on their own with minimal parental supervision.4. Avoid selecting toys which have small pieces in order to eliminate the chances of choking. (Marotz et al, 2005).The pop-up farmhouse is a great toy for young children. The toy is safe and is not too heavy for the child to l ift. Pop up farmhouse can be used with minimal adult supervision because the toy is not made of small pieces. The toy is a good developmental item because it enhances the child’s imagination and dexterity. Moreover, it is great for eye coordination and is a good tool for familiarizing children with the sounds of farm animals. Therefore, I would advise parents to select this toy for their young children.  The Inch WormThe Inch Worm is an excellent toy for enhancing a child’s dexterity and locomotory skills.

Banana Trade Essay Example | Topics and Well Written Essays - 2250 words

Banana Trade - Essay Example The global banana trade is largely monopolized by three American and one British company and this, in itself, incited both policy and retaliatory policy. Indeed, as the report shows, trade policy is often influenced and shaped by a myriad of complicated factors and not necessarily by domestic economic interests. As Ahearn (2001) explains, on January 1, 1993 the member states of the European Union created the Single European Market (SEM), at which time, a long list of customs, tariff, and non-tariff barriers were removed among the twelve European nations comprising the Union at the time. Many national laws and policies affecting trade were also removed and replaced with hundreds of new rules and regulations that were consistent in all member states. Among these new regulations was the CMO for bananas, which arose from a concern on the part of certain member states, most notably France and Britain to safeguard the position of banana producers in several small and fragile economies in Africa and the Caribbean that heavily rely on the production and export of bananas. Although the U.S. neither produces nor exports bananas, US-based multinational corporations such as Chiquita Brands International, Inc. (Chiquita) and Dole Foods Inc. (Dole) operate mostly in Central and Latin American countries that were disadvantaged by the EU's banana import system. In September 1994, the United States filed a format complaint under the General Agreement on Tariffs and Trade (GAIT). Despite repeated rulings under the GATT and later under the World Trade Organization (WTO) dispute settlement procedures in 1993 1994, 1997, and 1999 that the European banana import system was illegal under international trade law. The EU failed to make the CMO for bananas compliant with WTO rules. As a result, the WTO authorized the U.S. to impose retaliatory sanctions on $191 million worth of EU exports. The Clinton Administration began to impose 100 percent customs duties on selected European goods in March 1999 (Ahearn, 2001). It took another two yean before the EU and the U.S. eventually reached an agreement that included increased market access guarantees for Latin American producers and the establishment of a tariff-only system beginning in 2006. 3 Introduction Although they involve only a small portion of the transatlantic trade economy a series of persistent trade disputes have caused much antipathy for the United States - European Union trade relationship. It took almost eight years for the dispute over the EU's single banana market regime, generally referred to as the Common Market Organization (CMO) for bananas to be finally resolved in April 2001. The EU-US banana trade dispute emerges as an extremely interesting area of investigation for obvious reasons. The first is that neither the EU nor the US are banana growers or exporters, in which instance the trade in question