Micro Operation at Airlines

_____________________________________________________________________ B200B TMA Spring 2013 _____________________________________________________________________ Question: ‘The airline industry has firms which can be great examples of operations management. There are processes and resources to manage very carefully in order to have satisfactory outputs and results’.Analyze the above statement using examples from B200B material and an airline company, and discuss in particular the following issues: managing micro-operations for an airliner, handling emergencies and delays, serving passengers, reservations handling, baggage handling, meals, maintenance, training of crew†¦ (100 Marks) NOTES TO STUDENTS Cut-off date: Submit this assignment no later than 27 April, 2013.Word count: 1500 words (plus or minus 10%). Referencing: You must acknowledge all your sources of information using full Harvard Style Referencing (in-text referencing plus list of references at the end). Use E-library: to get journal articles on the topic (using Emerald or EBSCO). Use at least 2 or 3 articles. Plagiarism: It is very important to use your own words. Plagiarism will lead to a significant loss of marks. Extensive plagiarism could mean that you failed your TMA.Plagiarism means copying from internet, from unreferenced sources, from other students’ TMAs or any other source. Penalties for plagiarism ranges from failure in the TMA to expulsion from the university. Answering: Your response to the question should take the form of a full essay format divided into a number of paragraphs with introduction and conclusion without subheadings and bullet points. Use B200 ‘reader three’ chapters (Processes), especially chapters 1, 2, 4. Also search information on a specific airline company and use E-library. This TMA is 20% of B200B Grade.

Case Study for North Country Auto

Case Study for North Country Auto, Inc. North Country Auto, Inc. was a franchised dealer and factory-authorized service center for Ford, Saab, and Volkswagen. The company maintains its competitiveness by providing full services to its customers. For customers looking for a car, the North Country Auto not only provided options for new cars from those three brands, but also provided options to buy used cars from it. In addition, for customers with cars, the company can provide a variety of services to their car, such as service and repair under warranty or at the customers’ expenses. Example service and repair work are quick oil change, auto repair, the body shop work and auto parts supply. Recently, the company adapted a new control system as a strategy to improve its sales and increase its profit. There were five departments within North Country Auto: the new car department, the used car department, the service department, the parts department and the body shop. Originally, these five departments operated as part of one business. And the performance of each department was not individually evaluated. Under the new control system, all five departments operated as an individual profit center. The owner assumed that, by doing this, all managers of the five departments would be encouraged to increase their departments’ profit so as to have better evaluation and better income. However, under this new control system, there were still problems needed to be dealt with, because the business conducted by these departments affected each other. In this case, if one department tried to maximize its profit, it may affect the profit of other departments. For example, when the new car department manager tried to sell a new car, he would offer a very high trade-in price for the customer’s used car so as to attract the customer. If this high trade-in cost was allocated to other departments, it would be unavoidable that the cost of those departments would increase and their profit would decrease. Therefore, the questions raised from this case would be: should all departments be treated as an individual profit center; and how the transfer price should be set between the departments; as well as how to correctly allocate the cost among different departments. In my opinion, I think the parts department and the body shop should not be considered as the profit centers, since most demands for these two departments were from service department. If these two departments tried to maximize their profit, it would be very difficult for the service department to maintain high profit. In my opinion, the parts department and the body shop should be considered as cost centers. In addition, the transfer price among all departments should be the market price instead of another price determined internally. And any losses on inter-departmental business like trade-ins should be proportionally allocated to three profit centers: the new car department, the used car department and the service department. In addition, under the current control system, the year-end bonus of each department manager was based on his/her department’s performance. The profit to be evaluated was the department’s gross profit instead of its net profit. This evaluation method may encourage all managers to focus on selling activities only. They may ignore other important responsibilities such as cost control or reduction, as well as inventory control. Therefore, I think the evaluation for each department’s performance should be based on the net profit. This would encourage the managers to be responsible for overall cost control and profit-making.

Country project Essay Example | Topics and Well Written Essays - 1500 words

Country project - Essay Example According to our business strategies, Saudi Armco will produce an estimate of 8 barrels annually and manage over 100 oil and gas fields in Saudi Arabia (Tait). In addition, it has 300 trillion scfd of natural gas oil rich reserves estimated to have a yield of approximately 260 million barrels, hence explaining why it accounts to be the leading daily oil producer globally (Fernandez). Some of these prominent reserves embrace Ghawar and Shaybah, which are the world’s principal oil fields ever unveiled. In addition, Saudi Armco boasts of having the world’s largest hydrocarbon network, which is mainly the Master Gas system - MGS. MGS is a gas gathering and processing system built in 1975 that will enable Saudi Armco to sell all its gas products obtained during oil production as well as from gas reservoirs (Badr 1). The system will also become Saudi Arabia’s industrialization main resource ever since it can produce large amounts of natural gas on a daily basis. (Ferna ndez). In addition, Saudi Armco hosts several goals it ought to accomplish like producing about 10% of energy consumed globally on daily basis (Zuhur 149). To maintain its petroleum production capacity, Saudi Armco will constantly involve itself in varied investments with the intention of heightening its good publicity, be the most reliable energy producer and a global supplier. All the company’s activities will encompass exploring, refining, chemical processes, distribution, marketing and production, which will all be exclusively under supervision of Ministry of petroleum and mineral resources in conjunction with the supreme council for petroleum and minerals. Initially, Saudi Armco’s plans were to use Cray supercomputers in its EXPEC computer centre (ECC) in aid to process large quantities of data from exploration (Badr 2). However, plans are underway to ensure we integrate a new supercomputing system with a storage capacity of 1050 terabytes to enable it support maj or explorations in the Red sea region. Currently, Saudi Armco owns five domestic refineries in Saudi Arabia, which will be primarily for availing adequate oil products to the local market. In addition, together with other stakeholders, the enterprise expects to buy a half of each of the two existing in-kingdom refineries located at Yanbu and Jubail. According to our objectives, apart from marketing crude oil, petroleum products and natural gas together with liquids, Saudi Armco will also export crude oil to other global regions using tankers. The Company will also actively participate in the fight against environmental degradation like air and water pollution. For instance, the management board has already rolled out Saudi Armco’s environmental plan incorporating all intended departmental branches (Badr 2). In this context, Saudi Armco will be able to play a major role in advocating for technological solutions to environmental issues not only now but also in the future. Conse quently, this will prompt the company to maintain all its projects while under in operation aim at minimizing their environmental pollution by use of high classic technological knowhow (Badr 3). Part 2 Saudi Arabia Physical and demographic environment Advantages to business Most oil and gas reservoirs explored by Saudi Armco their respective locations are in Saudi Arabia. This is a great advantage to the enterprise because it does not incur costs of transporting raw materials to the refineries before shipped to varied

The main factor that contributed to the hospital infrastructure Research Proposal

The main factor that contributed to the hospital infrastructure projects in the Kingdom of Saudi Arabia (KSA) running over the budget and delivered late during the last decade - Research Proposal Example 259). It also assumes the referral system which provides curative care to all the members of the society from the general practitioners level that operate at the local health centres to the advanced technology specialist curative services through a wide foundation of general and specialist hospitals (Knapp, Madden and Fowler-Kerry, 2012, p. 162). The Ministry of health is the chief agency as far as planning, financing and controlling the healthcare centres is concerned (Kimberly, Pouvourville and Daunno, 2008, p. 128). It is also mandated with conducting overall supervision and the follow up of activities that are related to healthcare which are implemented by the private sector, which makes it a national health service that serves that whole population of the Kingdom of Saudi Arabia (Chai, 2005, p. 178). The healthcare industry in the Gulf is an industry that is growing very fast as the government in this region continually seek to make improvements to what has been a low standard of service which forced many nationals to go overseas when they need specialized medical attention (Kloep, 2012, p. 107). This industry has also attracted foreign investors who are keen on taking advantage of the rapid expansion that it is experiencing. Investment that is directed at the health sector in the United Arab Emirates has increased considerably, tripling in the last five years and ii is expected that it will rise from USD3.2billion to USD11.9billion in 2015, which will be a contribution of more than 6 percent of gross domestic product that will not be associated with oil. Saudi Arabia also started a countrywide healthcare plan intended to give services to the whole kingdom. This includes more than 420 health projects and over 127 health facilities that are worth more than USD3.2billion. The projects include 19 medical complexes and hospitals intended to have a capacity of more

English Essay Example | Topics and Well Written Essays - 500 words - 55

English - Essay Example The article realizes that there were laws that regulated the use of internet from time immemorial. According to the article, control of internet contents was not formal because it did not display displeasing and indecent content. However, today things have changed and internet is a hub of pornography and soliciting of children sexually. Criminals plan and execute their activities through the internet. These activities include financial frauds, credit card fraud, copyright theft, and money laundering among others. This article points out that governments, internet providers, and politicians advocate for control of content of the internet. Dotson presents a survey in Broadband for America that indicates that people oppose the move to regulate internet. People feel that internet usage does not need any intervention mechanism because the content of internet satisfies them. Americans feel that internet is very important link the keeps people informed since it transcends borders of nations. According to this research, the people of United States assert that internet is a crucial resource, which does not need a monitoring body. Drissel article in Journal of Cambridge Review of International Affairs is concerned with the contents of internet. These include privacy issue, online theft, spamming, and terrorism. The author asserts that there is necessitate of monitoring materials of internet. David proposes that international and local stakeholders should work together to control internet usage. According to the article, all stakeholders should employ existing tools and processes. Kokswijk, the author of this book, looks at social and legal facets of internet. The author explores the ways in which code can control individuals and groups in virtual society. The book highlights close relation between code and commerce. Jacob cautions that regulators of internet should learn fro cases of telephone and

Wheelchair Experience Assignment Essay Example | Topics and Well Written Essays - 1250 words

Wheelchair Experience Assignment - Essay Example So I decided to bring him to a mall in his wheelchair and have lunch there at the same time. The first difficulty we had was looking for a space to park our car which had to be somewhat near the entrance. We were fortunate to find a spot very close to the mall entrance, but found it frustrating that there were no ramps to access the curb. I finally rolled my cousin up to the entrance, where a nice young man held the door open for us. Upon entering the mall, my cousin found it somewhat simple to move the wheelchair through the aisles and walkways. Deciding to have lunch, we had to take an elevator to the first floor to get to the food court. We got directions from a store map to find where the elevator was, and we found out it was on a far side of the mall. However, we were pleased that the elevator was quite fast and spacious. After that, we found the entrance to the food court very easily, and my cousin was able to maneuver to the food court by himself. As soon as we arrived at the food court, my cousin commented that the brick flooring made it a quite uneven ride up to the food counters. After selecting a food stall, my cousin was able to hold and stretch for the orders with my help, until it was time to look for a table. My cousin had to let me carry his food to me until I got seated at the table. We finally managed to find an oval table with enough room to get my cousin’s body conveniently level to the table. Eating in the wheelchair appeared fairly alike to eating while in a regular chair, and my cousin shared that it was easy to do so. However, we noticed that he needed to lock the wheelchair in place to keep from rolling away while he ate or stretched for the food. After eating we decided to visit some shops. We went inside several clothing shops, and all three were just about the same in construction. The first shop was the easiest of the stores to maneuver, since there was a

Critically discuss the effectiveness of parliamentary and judicial Essay

Critically discuss the effectiveness of parliamentary and judicial cantrols over delegated legislation in the english legal system - Essay Example Legislation made by delegated legislation should be created in harmony with the purposes stipulated in the Act. The role of delegated legislation is to enables the UK Government to amend laws without waiting for new Acts of Parliament to be passed in the house. It`s worth noting that delegated legislation can also be used to create technical changes to a law, for instance altering sanctions in a given statute. Local Authority also has power confer to them under some statutes to enables them to create delegated legislation and also to make law that suits their area (Jayakumar, 2005, pg. 89). The delegated legislation offers a very important function in the making of laws in UK legal system as there exists more delegated legislation enacted every year than there exist Acts of Parliament. Moreover, delegated legislation has similar legal standing as the Act of Parliament which it was made. These are clear justifications that the question of effectiveness of judicial and parliamentary control over the delegated legislation is a weighty issue to examine in the UK legal system. It would be inappropriate to assume that parliamentary control over delegated legislation is actually a burning issue in a country where most voters would probably be acquainted with what delegated legislation is about. It`s because of this that it is hard to come across members of any of UK parliaments ready to take much interest regarding the matter. Nonetheless it is of great significance, since unregulated delegated legislation provides a fertile field for UK government despotism as well as bossy interference by the bureaucrats. Therefore, it not wrong for one to say parliamentary control over delegated legislation is somehow ineffective. Delegated laws at times create much more effects on the lives of common citizens compared to most acts of parliament. In the UK, most delegated legislation

HPV and Oropharyngeal Cancer in Men Research Paper

HPV and Oropharyngeal Cancer in Men - Research Paper Example Seppa (2011) explains that though the virus was previously believed to infect women and not men, observations, in history, have indicated high rates of infection among men. This means that while the infection was previously ‘non-existent’ in men, or otherwise previously not detected in men, cases of viral infections have increasingly been reported among men to an extent that men are now equally vulnerable to the viral infection as women are. Further research has also proved that varieties of types of the HPV virus are sexually transmitted and hence the infection in men that occurs during contacts in sexual interactions. As a result, the viral infection in men is not a recent emergence, but has either been existed in history without being noticed, or has taken some time to rise from a zero prevalence rate to its current prevalence rate that equals the rate among women. The history of the relationship between HPV and Oropharyngeal Cancer in men has also been significantly reported with an increasing trend in men bellow fifty years of age. Marur et al. explains that the cancer has particularly been increasing among the category of men in the past years (2010). The authors particularly relate the cancer to â€Å"human papillomavirus 16 infection† (p. 781). ... Research developments that have revealed the extent of vulnerability of men with respect to Oropharyngeal cancer have also identified HPV as an increasingly developing risk factor towards Oropharyngeal cancer infections (D'Souza, G., & Dempsey, A. 2011). Statement of problem This paper seeks to discuss significant research and data that has been developed over HPV and Oropharyngeal Cancer in men with the aim of exploring HPV as a contemporary issue facing nurse practitioners and established relationship between HPV and Oropharyngeal Cancer in men. The paper will also research into the role of nurse practitioner with respect to HPV and Oropharyngeal Cancer in men. Literature review The general perception that has in the past existed that HPV infections are associated with women and not men is still felt as little research has been conducted to understand men’s opinions and knowledge over the infection. A research conducted by Brewer et al. indicated that a majority of men have not yet understood the relationship between HPV infections and cancer. In the research that sought to establish the perception among heterosexual men and homosexual men, the authors established that men are oblivious of the possible infections that are associated with HPV. Only about 40 percent of the respondents, for example, were aware that HPV could lead to genital warts. Similarly, less than a quarter of the respondents were aware that HPV could cause either anal cancer or oral cancer. There is therefore a high level of ignorance over the relationship between HPV and Oropharyngeal Cancer in men. Though a significant majority of the respondents associated sexual interactions with infections such as â€Å"genital warts and anal cancer,† they did not specifically identify the

Weekly assignemnts Speech or Presentation Example | Topics and Well Written Essays - 3250 words

Weekly assignemnts - Speech or Presentation Example The arithmetic mean is explained in terms of the sum of all observations divided by the total number of observations. The arithmetic mean provides the average value for each of the variable. Therefore the average score for ADDSC is 52.6, for IQ is 100.26 which is very good, for EngG is 2.66 and for GPA is 2.46. The standard deviation can be explained as â€Å"sum of the squared deviations about the mean divided by N-1† (Howell, 2011, pp. 87-88). Since it is measure of dispersion it allows us to predict how much dispersed the data point lie from the average value. In the given case the standard deviations for GPA (0.86), EngG (.95) and EngL (.52) are small and exhibit that the average value for each variable presents the data reasonably well since 66% of the data lie within 1 standard deviation of the arithmetic mean. The standard deviation for ADDSC (12.42) and IQ (12.98) is high suggesting a platykurtic curve, although the mean seems to represent the data very well in such case too. GPA, EngL and EngG exhibit a slightly negatively skewed data (-.264, -0.06 and -.352), whereas IQ, ADDSC show a slightly positively skewed data (.395 and 0.04). All variables exhibit kurtosis that is somewhat platykurtic. Besides all the statistics discussed are within the normal range of -2 to +2, therefore it can be said that the sample has a symmetrical and normal distribution. The descriptive statistics for SocProb, Dropout, Gender and Repeat seem meaningless. In order to employ Pearson Coefficient for correlation analysis the only one distributional assumption is needed i.e. linearity. Pearson coefficient assumes that the association between the variables under investigation can be defined using a straight line and the most feasible way to explore linearity is by constructing a scatter plot. The Inferential procedure necessitate that the joint distribution of desired X

Art Music Essay Example | Topics and Well Written Essays - 750 words

Art Music - Essay Example g and best representative of the Renaissance period, Palestrina’s polyphonic music is pure, and the voicing is well balanced, smooth, beautifully harmonized and transparent in sound. On the other hand, Giovanni Gabrielli’s music lasted way past the Renaissance period; therefore, it was a little bit different from the compositions of the other composers of the renaissance period. Gabrielli meticulously employed the antiphone in his compositions, whereby, a group of instruments or choir could be heard on one side, and then a response would come from another group of instruments or musicians on another side. Gabrielli preferred composing sacred works, this music greatly influenced the development of the Baroque period, therefore, it is sensible to say that Palestrina’s music represents the Renaissance period better than Gabrielli’s music. The Baroque period of music is a period that allowed self-expression, formation of counterpoints, certain degrees of ornamentation and open forms. This period is classified between 1600 and1750; in this period, many musicians and composers came up with unique styles, forms and textures of musical. Although this period is known for its inconsistency, the music in this era shares the same genre, but the various pieces can sound very different. Comparing Johann Sebastian Bach (1685-1750) and Antonio Vivaldi (1678-1741), it is hard to choose which one of the two best represents the Baroque period, however, research shows that Bach’s keyboard virtuoso and brilliant composition culminated Baroque music. Antonio Vivaldi’s on the other hand, invented a form of music called ritornello, he wrote over 500 concertos. Nevertheless, his music lay undiscovered until the early twentieth century, this made Bach the highlight of the Baroque period. Vivaldi’s Four Seasons contains twelve concertos with distinct fast-slow-fast movements. The musicality of these sonnets is something to admire, but the Brandenburg Concerto No. 3 G in

Nutrition - Flavor Essay Example for Free

Nutrition Flavor Essay Science tells you what nutrients do in your body and how nutrients work together Explain why people who enjoy their food may absorb more nutrients from it. The brain reacts from the senses (sight and smell). It instructs your mouth and stomach to make chemicals that help digest food. What 5 factors contribute to different cultures having such different cuisines and food customs? Geography, Economics, Foreign Contacts, Religious Belief, Technology. List the 4 main components of the food chain and explain the function of each. Sun: The sun supplies the original energy for the planer in the form of light. This energy is needed to make food. Producers: Some organisms make or produce food. Green plants are important producers. Plants use the sun’s energy to produce food for themselves. Consumers: Organisms that must eat other organisms. Decomposers: Organisms such as bacteria and fungi that break down dead matter and return the nutrients to the environment. List the 5 reasons for using food additives. 1. Additive flavoring 2. Improving nutrition 3. Increase shelf life 4. Maintaining texture 5. Helping foods age Define the following: Nutrient – a chemical substance that your body needs to function, grow, repair itself, and create energy Wellness – good health and positive well-being. Includes physical, mental, and emotional health Comfort foods – are familiar foods that make people fell good Culture – the arts and other manifestations of human intellectual achievement regarded collectively Cuisines – may be particular to a country or region, or it may be a blend from different areas. Staple food – the most widely produced and eaten food in an area Ecosystem – an environment and its community of organisms, which all depends on each other for survival Food chain – is the flow of food energy from simpler to more complex organisms Shelf stable – able to be stored at room temperature for weeks or months in the original, unopened containers Shelf life – the length of time food holds its flavor and quality Food additives – A substance added to food for a specific reason during processing. Food is essential for survival and affects the quality of your life. Healthy food choices promote wellness. Food offers more than nutrition. It also offers enjoyment. Comfort foods may slow the release of stress hormones, making people feel better. Preparing and serving food lets you express your creativity. Different cultures have more than individuals ingredients and dishes, they have entire cuisines. Income had/has an influence on what people have/had to cook certain meals. Cultures absorb new foods through immigration, travel, and trade with other people. The food we eat depends on the health of the world’s ecosystem. The U. S. is fortunate to have abundant resources for raising food. What is one of the most important roles of food processing? To keep perishable foods from spoiling Food additives include natural and artificial flavors. When vitamins and minerals are added to foods like milk, this is labeled as improving nutrition. Increasing shelf life and delaying spoilage is known as shelf-stable.

Ethics Handbook Essay Example for Free

Ethics Handbook Essay We chose you as an employee of Company X because we see you as a valuable person who can contribute to the same priority. As a team member of Company X, are goals are clear. Through public respect, responsiveness, and accountability as our core values, we are able to remain leaders in the industry. The success of our company is dependent on you, our stakeholders, and our customers. We take great pride in our reputation in the industry and continually monitor ourselves for ways we can improve business for our clients, stakeholders, policymakers, and the general public, both local and national. Our reliability is measured through our commitment to delivering service with integrity and through honorable conduct. Because we are at the forefront of public service, we are judged on our choices and decisions. Our reputation is based on the public’s view of our commitment to ethical business practices and our respect for society. As an organization we aim to maintain active engagement in ethical behavior that promotes social responsibility in everyday practices. This is where you come in as an employee. We encourage all employees to actively participate in community outreach and events that foster both your own growth and the growth of social values. Company X will reward this activity if accompanied with ethical decision making by increasing promotion opportunities and/or allowing this experience to be counted in your job description. If you are interested in this opportunity, see Human Resources for a list of approved community outreach opportunities. Company X Values It is the policy of Company X to embrace ethical behavior through clear communication of the laws, rules and expectations that are defined in this code of ethics. In addition, Company X values accountability for good ethical choices and socially respected behavior. We rely on every member to evaluate their own behavior and conduct respectable business through solid every day decision making. Ethics are not fixed, and subject to interpretation through each and every interaction between everyone involved. Because value s and ethical decision making can be challenging, Company X wants to take some of the pressure off the complexities of making difficult ethical decisions. Therefore, this manual provides directives used to evaluate and interpret best practices in the business environment. In addition, these policies and all regulations including administrative actions, apply to all staff  members, contractors, and volunteers and are strictly enforced (see section Member Misconduct).The manual also contains fixed principles, mandatory training, resources for questionable situations, ethics mentor, anonymous hotline, and resources for situations that may be questionable. A signed copy of this manual will be placed in all member’s personnel file and will be used as reference for future use. Please be sure you understand these policies and procedures before you sign the document. We begin by outlining and defining the standards of social and ethical conduct. In addition to standards of behavior, training is outlined. Training is mandated to all staff employed by Company X. Additional training and resources are offered throughout the year in respon se to the changing needs of the industry and social issues and will be announced semi-annually. Principles of Behavior and Conduct No member, contractor or person acting as a representative shall: Discriminate against clients, coworkers, stakeholders, Accept monetary compensation, services in trade or benefit from any interaction directly or indirectly related to the services provided by company x if the value is determined to be at or above $30. Engage in, use or create an appearance of using official capacity to influence clients stakeholders, or other members for personal or professional gain. Knowingly make statements or take action that is untruthful or can be reasonably determined to be untruthful. Engage either directly or indirectly in political campaigns, nor engage in political conversation with anyone while acting in capacity of Company X business. Retaliate against any member who comes forward with claims of ethical violations. Retaliation is mandatory termination of employment without further warning (see section Member Misconduct). All members contractors, or persons acting as a representative shall: Report all incidents of violations to the Ethics Office. Interact and promote personal integrity, honesty, fairness and confidence in compliance with all laws, rules, policies and regulations both internally and externally. Maintain confidentiality in all interactions. Written, verbal, email, phone. Avoid inappropriate associations with clients or client representatives. Engage, actively encourage and support community involvement through support and reassurance in wrap-around service delivery. Utilize efficient use of resources in such a way that minimizes the impact to the environment (energy and materials). Report suspected, potential, or clear violation of ethical misconduct. All members in the chain of command are held to the same standards. Contractors, and any individual acting in a capacity to officially represent Company X are also required to carry out all actions with an intent to promote public trust, integrity, and confidence. From team members to corporate leaders, we expect the same set of principles through a set model of best practices. Best practices is recognized by asking yourself is this decision going to cause harm to someone, is this situation going to violate law or company policy, is my action going to violate stakeholder values, or compromise my position within my job role? Best practices will help us all to remove some of the risks we might face in everyday decision making by communicating set values, social responsibility and ethical standards for all members. Because best practices is subjective, training and resources will be available to provide leadership and mentoring. We encourage open discussion when personal values and ethi cs might cause conflict or confusion. As a condition of continued employment, mandatory ethics training is provided and monitored (see monitoring ethics section below). Ethics Training Leadership teams attend annual ethics training. Training includes skills to monitor and mentor lower staff. As a result, members can be confident that management is able to provide guidance and support for most ethical decisions. In order to communicate Company X’s policies, values, and changing trends in legal and social ethical issues formal training is required. Company X models this by providing training. As a result, all staff are required to complete the following formal training: In the first month of employment, all staff will go through instructor led training targeted toward individual and group acknowledgement of legal situations, ethical dilemmas, social responsibility and reporting requirements. This interactive training will present scenarios in which employees will make decisions whether ethical violations may or may not have occurred. Independent trainers with local management will evaluate answers and offer answers to difficult scenarios. All staff will take a yearly instructor led course on the history of civil rights and one follow up interactive on line course which presents current social, business and ethical issues in industry. General managers will receive value based ethics training  tailored from annual risk assessment data. The goal is for managers to set modeled behavior and create positive influence. Company X sponsors an annual Industry Standards Town Hall meeting. We value transparency and company input from all of us and our intentions are to provide all of us the opportunity to go over changing social issues, our previous year’s successes and failures, and what can we do to support the values of Company X, our clients, and community partners. Our company will be closed on this day while each of us enjoy a paid day to come and participate in this interactive get together. Member Misconduct Company X recognizes ethical conduct is not always easy to define. We value fairness and strive to provide impartial judgment based on facts and data. All reports of violations are reviewed and judged by an independent review board who will at determination of reported violations, determine consequences and refer cases for criminal prosecution if necessary. Consequences for violation of ethical misconduct will be strictly enforced. Company X has zero tolerance for unethical behavior. Informal and formal offenses will be forwarded to the Ethics Committee for record keeping purposes. Informal counsel for misconduct not related to any act of gross misconduct. This is the preferred method for first time offenses. Formal counsel is written report placed in member file for duration of one year. Two written reports within one year that are found to be validated through investigation will result either in unpaid suspension or immediate termination. Unpaid suspension. Gross negligence results in immediate termination and will be referred for criminal prosecution. Monitoring Auditing and Reporting Video monitoring in central locations where customer interactions will be supervised by an independent contractor. This is to protect you as an employee, protect customer interactions, and protect the interest of Company X. All computer and resource use by all employees is subject to monitoring and will be strictly enforced. IT managers have unlimited access to company owned property. Due to the potential time sensitive situations that may arise, no notice will be given prior to IT management accessing company computers. Team members personnel files will be maintained and include reported violations. These files will be analyzed for trends that can be traced back to departments, leaders, hiring practices, or substandard training. The Ethics Office, and Human Resources do not require your written consent for  release of information related to ethical violations. Semi-annual audits will be conducted on all departments within Company X by the Ethics A udit committee: Anonymous hotline reports will be compiled and reported to the Ethics Audit committee. Plan for Evaluating and Improving the Ethics Program After Implementation. The final results of all data compiled by the Ethics Office will be submitted to Corporate Leadership Committee who will analyze the results in order to evaluate potential changes to Company X’s ethical inventory. Data will also be collected from hotline calls, imposed ethical violations, and employee suggestions. This data will be measured against all complaints, judgments, and lawsuits both within Company X and the industry and be used to revise program standards. Data will also be analyzed and evaluated for ethical issues that need to be integrated in to future training and resources for staff. All staff will complete annual on line â€Å"How Are We Doing?† surveys. Focus groups tailored to each department’s group dynamic will analyze the data and make formal recommendations to the Ethics Office Staff, community and stakeholder input will be collected and analyzed for social and ethical value. The Ethics Office will compile the results from all departments and present the evidence to CEOs and senior management. Middle management and supervisors will be included in the final findings. Training will be adjusted and targeted to cultural, legal, and ethical risk factors. Positive yearly ethical performance evaluations, focus group opportunities, and promotional opportunities will be tied to annual employee review. Help and Resources Here at Company X we recognize that some ethical situations may be complex or blurred. Additionally, we recognize that the difficult decision to come forward with information against coworkers may prevent reporting incidents that need investigation. Furthermore, ethical decisions are often confusing and require complex decision making. We are here to help. Furthermore, if you have questions about your own decisions, questions about an incident, or just want to ask questions, we want to support you. For this reason, we provide an anonymous phone line that allows members to report violations, present questions and trouble shoot challenging scenarios. Ethics Office 360-555-1212 staffed by trained ethics officer. Anonymous hotline 360-555-4242 State Office of Ethics 1-999-555-2323 Federal Office of Ethics  1-777-555-7878 We provide annual reports of imposed ethics violations and the penalties imposed. Here is the link to www.companyx/ethics/reports.com I have read and understand the policies and ethical standards set for Company X. I am aware a signed copy of this policy will be placed in my team member personnel file.

The Types Of Money Used Today Economics Essay

The Types Of Money Used Today Economics Essay The types of money used today include; Coins, Paper currency, Bank drafts, Money orders, Stocks, Bonds, Treasury bills, Credit cards, ATM cards, Options, Gift certificates, Cheques,Travelers Cheques and many more. Money is converted into two categories, commodity and fiat money. 2.2.1Commodity money What constitutes a commodity? A commodity is generally accepted, without further clarification, as anything that can be bought or sold. This prompts further questioning. What is the communitys present accepted means for buying and selling? The answer is,money. A commodity therefore is a thing to which a money price can be attached and which can therefore be bought or sold with money. If money itself is a commodity, then money is a thing that can be bought or sold with money. The above reasoning not only involves a vicious circular logic of explaining and defining something in terms of itself, but also paves the way for an ascending infinite inflationary spiral (Peter Lock 2008). According to Peter Lock (2008), the definition of a commodity needs to be modified if it is to be consistent and to avoid all circular logic. An economic commodity is any marketable goods or service which has an intrinsic value in itself and whose value can be relatively assessed using an extrinsic suitable stable non-commodity money standard and hence bought and sold. In other words, an economic commodity is any marketable good, other than money, which money itself can buy. Modern money either as bits of plastic or paper, or as numbers in ledgers and computer memories, has no intrinsic value in itself. Its only value is its otherness. It does perform a valuable service in the marketplace by measuring the value of all other goods and services and facilitating their exchange. The mindset of money as a bartering device should not be included in or confused with the mindset for its use as a commodity. Their purposes and functions are self-contradictory, being diametrically opposite. The former exists as a stable extrinsic measure of worth for a community as a whole to use. The latter as an unstable intrinsic measure of marketplace purchasing power for individuals to abuse in their exploitation of the whole global community for their own personal aggrandizement and exercise of usurped power (Peter Lock, 2008). According to Peter Lock (2008), as long as money is treated as a commodity, uncertainty and insecurity must result. It is not a question of throwing the baby out with the bathwater. It is simply a challenge to devise a system whereby the rich well fed haves can keep their fat share of humanitys commonwealth cake and at the same time let the poor hungry have-nots eat a just and reasonable thin slice of it as well. Money as a commodity only exists for the personal profit and increasing wealth and power of the haves: some of the rich get richer, all the poor get poorer. In an economic system where money is self-self functioning in positive feedback as a commodity, the evil treatment meted out to the have-nots who constitute the vast majority of the community becomes more and more inhumane. The term commodity money can be given to the kind of money that is at the same time a commercial commodity. Commodity money has an intrinsic value and that means it is considered to be worth something in its own right rather than simply being a token of financial value such as a banknote. The commodity itself constitutes the money, and the money is the commodity. The best known form of commodity money is gold or silver coins, though any commodity can fulfill this role. The commodity itself; since more is being produced and less being used for non-monetary purposes, the resources devoted to additional production and the benefits forgone must be counted as the price of the system. Examples of commodities that have been used as medium of exchange include gold, silver, copper, salt, peppercorns, large stones, shells, alcohol, barley and cigarettes, just to highlight a few. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity v aluation or Price System economies With a commodity money balances is part of the markets for goods and services. Use of commodity money is more the same with barter system. The use of shells or ivory was nearly universal before humans discovered how to work with precious metals; in China, Africa, and many other areas, use of cowrie shells was common. Historically speaking, many different metals have been used as standard money: iron in ancient Sparta, tin in ancient Syracuse and probably also in early Egypt, copper in early Palestine and in early Rome, and brass until recently in many parts of China. In modern times, however, monometallism has been based mostly on the so-called precious metals, silver and gold, with an increasing preponderance of gold since the latter part of the last century. Historically, the strongest and most stable currencies were those backed by gold and silver. It was this gold/silver backing that gave the currency its intrinsic value. In most cases, a countrys currency was actually gold or silver coins. Gold and silver have always been a universal form of money and measure of wealth providing stability in an otherwise unstable world (Tony DiCicco, 2002). A commodity money can give rise to a large amount of price instability if either there are large changes in the supply of the commodity or if there are large changes in the non-monetary use of the commodity. An example of a commodity money that gave rise to price fluctuations is the cigarette currency used in POW camps in the Second World War. The price of goods in terms of cigarettes depended on the relative availability of cigarettes and goods. If no cigarettes were received in the camp for some time, the supply of them would diminish (because prisoners would use them as commodities: they would smoke them) and their value would rise. A rise in the value of cigarettes meant that cigarettes bought more, or that prices fell. When a shipment of cigarettes would arrive, their increased availability would cause their value to drop, which meant prices would rise. Its stated that the erratic delivery of cigarettes and the resulting waves of inflation and deflation were a major problem in t he mini-economy of the POW (camphttp://ingrimayne.com/econ/Money/Commodities.html). Colonists often resorted to the use of commodity money, where a colonys principal commodity would circulate as a medium of exchange. The Massachusetts Bay Colony used corn and beaver skins as its medium of exchange. In the Southern colonies, it was tobacco and rice; and throughout most of the colonies, animal skins, corn, powder and gun shot, and livestock were often used. Since the market value of commodity money was determined by supply and demand, its value as money often decreased when there was an over supply in the marketplace. In addition, commodity money lacked uniform quality, and was prone to spoilage, difficult to transport, and costly to store (http://www.bos.frb.org/education/pubs/historyo.pdf ). pictures below shows examples of commodity money that where used: Gold Silver Shells Barley 2.2.2Fiat money The currency we all use today is legal tender for taxes and debts. It has no intrinsic value, it is not convertible and it is not tyrannically imposed on all transactions. This money fiat money was born in Massachusetts in 1690. Historians have claimed that it was a simple wartime substitution of fiat money for specie, as has happened many times since then, but this view is anachronistic. Later governments learned from Massachusetts that fiat money is a good wartime emergency, but for Massachusetts this was not an obvious idea (Dror Goldberg). Dror Goldberg mentions that Massachusetts had to issue money to pacify mutinous troops who returned defeated from war. However, formally issuing money, and backing it with land (as was then standard), would have been fatal for the long-run independence of the colony. Massachusetts had lost its charter in 1684, partly because it minted its own coins (a violation of the royal coinage prerogative). Moreover, all the colonys land was temporarily considered to be the kings land from 1687-1691. In 1690, when Massachusetts had to issue money, its agents were lobbying for a new charter in London. It could not afford to upset the king by violating his coinage prerogative again and backing money with his land. The solution was to issue IOUs, as any English subject was allowed to do, not back it with land, and not force it on trade. Like any IOU issuer the colony could offset its credits with it, namely making it legal tender for taxes. It was also made effectively legal tender for debts in an elaborate, dishonest way. The outcome was fiat money (Dror Goldberg). The Massachusetts Bay Colony issued in 1776. The evolution of commodity money into paper in America Paper money first appeared in America in in the late 17th century. In 1690, the government of the Massachusetts Bay Colony, in an effort to increase government spending while avoiding the unpopular act of raising taxes, began printing paper money to pay for its expenses. To convince the Massachusetts Bay colonists to accept the paper as payment, the government promised to redeem the paper in gold and silver coin collected in taxes at a later date. It also promised to never print paper money again. While both promises were quickly broken by the government, is is interesting to see that, again, what caused people to begin accepting paper money as payment for goods and services, is the understanding that the money could ultimately be redeemed for tangible wealth in the form of the commodity money in use at the time (Chris Lind). The pictures below is an example of fiat money: Federal Reserve Note 1941 Federal Reserve Note 1950 The evolution of commodity money into paper in China Paper money first arose in China around 800 AD during the Tang Dynasty. Prior to the existence of paper money, a merchant selling his goods in the city of Szechuan, risked loss by theft as he transported his commodity money and unsold goods back to his home city. As a way of earning revenue, the Chinese government, in posession of fortified strongholds in each city to store tax revenues, offered the following service. For a fee, a merchant could deposit their gold and silver coin with the government in city A. In exchange the merchant received a paper receipt for the gold deposited. When the merchant arrived back home at city B, he could go to the treasury of that city to redeem his paper reciept for the commodity money in use. Over time, as people learned that the commodity represented by the paper would actually be there, merchants began buying and selling with the paper receipts themselves (Chris Lind). Kuan note is the oldest known banknote in the world (Mike Hewitt) However, its use was very short-lived, by 1455, after over 600 years, the Chinese abandoned paper money due to numerous problems of over issuance and hyperinflation. The term fiat money can be given to money that comprises things with a special legal qualification and the money used today is fiat money.Fiat means let it be done or by order of authority. Fiat money basically means that the currency has no intrinsic value (nor can it be redeemed for precious metals or something of intrinsic value) and the money is based solely on faith. Rather, the currency is only backed by the goodwill of the government that issues it. Normally the government is the one that declares legal tender. With fiat money its not real but it represents goods and services that it can buy thus it can be defined as the baskets of goods and services that it represents. For fiat money to be valued, the money supply must be limited and it must be impossible to counterfeit (PÄ ±nar Yesin 2010). Fiat money is created by a narrow cadre of globalist bankers that seek a new World order. Fiat money is created out of thin air. The fiat system is based on debt. We owe and they are owed. With the power they accrue, a plan has been launched to reorganize all aspects of human life. That plan is called Agenda 21 or Sustainable Development. It is a U.N. program, agreed to by 178 nations, that is designed to create a world order where human beings are regarded as biological resources. The evolving system does not recognize unalienable rights (Michael Shaw, 2009). Since fiat money has no direct legal connection to a commodity money there is no real economic cost to its production, the supply of a fiat money can never be self-limiting; and the value of a fiat money is always largely a matter of public confidence in the economic or political stability of the issuer. Historically every major fiat money have self-destructed in what is popularly called hyperinflation caused by either unlimited increases in the supply of that fiat money by the issuer or accelerating loss of public confidence in the continued value of the money or the economic or political fortunes of its issuer or both. Steve Elwart says that today, fiat money will always bring on inflation for two reasons: 1) Politicians like to induce inflation because it gives the people the illusion of prosperity and 2) its declared value is much higher than the cost of producing it. Whether it is a $1 or $100 bill in fiat money, it costs only 4 cents to produce. In todays electronic age, the pr oduction cost for new money is zero since money creation is just a keystroke and an entry in cyber-space. On the other hand, in history, if you had a $20 gold piece, the cost of that gold piece, less the cost to produce it, was about $20 (Steve Elwart). The Barter system was prevalent before the origin of fiat currency. In this system, commodities were exchanged for commodities. For example, if one person need rice and the other one need coconut, the person who has cultivates rice has to search and find out the person having coconut. Only then the exchange will take place. This itself was the serious disadvantage of barter system. For some times the different commodities acted as money and they were named as commodity money. After years of a coin system the paper fiat currency came in to existence. In the coinage, a gold smith acted sometimes as a banker. A government body started to control the printing of all types of moneys. Banks started to deal with money. They accepted savings and gave loans in the form of money. Apart from these transactions, banks started to generate bank money ( Robert Mendez). Modern society again replaced old money with other new forms of money like, demand drafts, credit cards, etc. Now we dont need to keep a liquid form of money with us. All our transactions can be made by using credit cards. We can do all our shopping with these cards. Even if money is used in different forms, the importance of money is still not deteriorated. According to Steve Elwart in his research entitled Commodity Money and Fiat Money: A Bushel of Wheat for a Penny, says that a government puts fiat money into circulation first by connecting it to a gold or silver standard, but then cuts the link and says that gold and paper are no longer convertible, making the piece of paper legal tender for all debts public and private. It is obvious that debtors would be very happy if the pa-per money lost its value because they could pay their debts with inflated currency. In a letter to Edward Carrington in 1788, Thomas Jefferson wrote, Paper is poverty à ¢Ã¢â€š ¬Ã‚ ¦ it is only the ghost of money, and not money itself. Jefferson died bankrupt because of the early United States money (monetary) pol-icy based on paper. It is not that fiat currency is a new invention. Fiat currency actually made its appearance over 1,000 years ago. China was the first country to issue true paper money around the 10th century A.D. Although the notes were valued at a certain ex-change rate for gold, silver, or silk, conversion was never allowed in practice. The bills were supposed to be redeemed after three years in circulation, but as more bills were printed with the older notes being refused redemption, inflation became evident. Government measures to prop up the currency were unsuccessful and it fell out of favor (Steve Elwart) . Steve continues to say that at this point, people start to feel the pinch of their money buying less. They demand that their government do some-thing. Since studies have shown that voters only have a memory of one year when it comes to politics, politicians will make sure that the economy is good in an election year.6 They will artificially stimulate the economy to give voters the illusion that times are good again and reelect the incumbents. This lasts only so long and inflation, with its problems kick in again. This cycle of increasing the currency supply and price inflation ultimately ends with the collapse of the currency, sometimes preceded by hyperinflation. (Hyperinflation and its cultural effects will be covered in Part 3 of this series.) Surprisingly, the country has not learned its lesson and the devalued fiat currency is replaced with yet another fiat currency. Greece is a perfect example of this cycle (Steve Elwart). Steve Elwart says the Greek drachma was minted in gold and silver in ancient Greece and made its reappearance as a fiat currency in 1841. Since then, the value of the drachma decreased. During the German-Italian occupation of the country from 1941-1944, hyperinflation ravaged the country, ending with the issuance of 100,000,000,000 (100 billion)-drachma notes in 1944. After Greece was liberated from Germany, old drachmae were ex-changed for new ones at the rate of 50,000,000,000 to 1. Only paper money was issued, again a fiat currency. Greece then went on a program of deficit spending for social programs and inflation started once again. In 1953, in an effort to halt inflation, Greece joined the Bretton Woods system and the drachma was revalued at a rate of 1000 old drachma to one new drachma. In 1973 the Bretton Woods System was abolished; over the next 25 years the official exchange rate gradually declined, from 30 drachmas to one U.S. dollar to a ratio of 400:1. On January 1, 2002, the Greek drachma was officially replaced as the circulating currency by the Euro (again a fiat currency). Today, Greece is once again is in trouble. After years of continued deficit spending and the governments easy monetary policy, Greeces financial situation was badly exposed when the global economic downturn struck. Very quickly, the governments creative accounting practices were exposed. The national debt, put at à ¢Ã¢â‚¬Å¡Ã‚ ¬300 billion ($413.6 billion), is bigger than the countrys entire economy, with some estimates placing it at 120 percent of gross domestic product in 2010. The countrys deficit-how much more it spends than it takes in-is 12.7 percent (Steve Elwart). This time though, Greece just cant inflate their way out of the problem. Now that they are on the Euro (in the Euro-zone), they have little control over their monetary policy. All their loans are in Euros and they must pay back the loans in Euros. One way to balance the national books is to implement harsh and unpopular spending cuts. Another way is to default on their debt. This would seriously damage the Euro as other countries look at default as a way out of their financial problems. (In fact, financial experts are predicting the demise of the Euro in as early as five years.8) A third way out is to separate itself from the Euro, go back on the drachma (fiat currency again) and then set an exchange rate of the drachma to the Euro at an artificially high number. The cycle of fiat money would then begin again. As long as a country is on a fiat currency, inflation is sure to follow. Using a fiat currency could well reduce a civilization to work an entire day for a bushel of wheat,(Ste ve Elwart). Failures of Government fiat money History has taught that lodging monopoly power over the nations stock of currency in a purely discretionary central bank, unconstrained by a monetary constitution, is highly dangerous. The money-process is likely to become politicized, with monetary policy becoming subservient to fiscal policy and with monetary authorities exhibiting a bias toward inflation. James A. Dorn mentions that a study of about 30 currencies shows that there has not been a single case of a currency freely manipulated by its government or central bank since 1700 which enjoyed price stability for at least 30 years running. Although the Fed has achieved intermittent price stability since its inception in 1913, its long-run performance has been unsatisfactory, especially when compared to commodity-based standards such as the classical gold standard. The issuance of fiat money by governments is, in truth, a white collar crime; and, as happens when white collar crimes are discovered, a highly visible paper trail le ads directly back to the wrongdoers-in this case, the central banks (Darryl Robert Schoon). In fiat based economies, time is the enemy and 95 years have passed since fiat money was introduced into the US. In America and elsewhere time is passing and the clock is ticking and recently its been sounding more and more like a time bomb (Darryl Robert Schoon) . Comparison between types of money Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: that is irredeemable paper money. In contrast, commodity money refers to a medium of exchange which is either a commercial commodity or a title thereto. There is no doubt that fiat money is possible. Its theoretical possibility was recognized long ago, and since 1971, when the last remnants of a former international gold (commodity) standard were abolished, all monies, everywhere, have in fact been nothing but irredeemable pieces of paper (Hans-Hermann Hoppe). As asserted by Cary A. Deck, Kevin A. McCabe and David P. Porter ( ),fiat money is a convention that allows individuals to complete trades without relying on the coincidence of wants or diverting valuable commodities to serve as money. In order for individuals to accept intrinsically worthless fiat money in exchange for valuable goods, the agents must believe that the money can be used to complete subsequent purchases of other goods or services. Advantages of Commodity money According to the information about commodities monies on the internet, the reduced value of the money will encourage people to use the item more in its commodity use. For example, if gold serves as money, and its value drops, people will increase their use of gold for jewelry, tableware, and artistic purposes. Their actions will reflect the law of demand: whenever a commodity becomes cheaper, people use more of it. Thus if there is a sudden influx of gold into a country that uses it as money, part of the influx will be diverted to its commodity use, and the effects on the amount of money, and hence on the price level, will be lessened. On the other hand, a sudden decline will also be cushioned, because as the commodity grows more valuable, people will transfer it from its commodity use into a monetary use. If the amount of gold declines and it rises in value, there is an incentive to melt down jewelry, tableware, and artistic objects and use the gold as money. Hence a doubling of gol d may not double the amount of money, and cutting the amount of gold by one half may not cut money by one half (http://ingrimayne.com/econ/Money/Commodities.html ). Another reason for price stability with a commodity money exists when that commodity is used by many other nations. When the price level in any one nation changes, the commodity will flow across borders to where it is most valuable( Robert Schenk, PhD, University of Wisconsin-Madison, 1977 ). Disadvantages of Commodity Money When valuable resources are used as money, those resources cannot be used for consumption. Copper used to make pennies cannot be used to make electrical wire. The supply of money is determined by supply of the commodity. The money supply could fluctuate substantially. The discovery of new gold would mean that the supply of money would increase and the price level would rise. There is a lack of stability when a currency depends on being able to find and produce a particular naturally occurring but naturally rare substance. When gold is being used as commodity money it can be a disadvantage since the government cant meaningfully increase the supply of gold over a short period of time, for example the Fed can be able to increase the supply of fiat money in 10 weeks by more than 100%, with gold this cannot be accomplished. . Advantages of Fiat money Is an efficient form of money; since it can be produced costlessly, there is a gain from using it instead of something else that is both costly to produce and has alternative uses (Neil Wallace).Uses relatively little of societys resources. Fiat money has an advantage over commodity money in the senses that the same laws that come up with laws that created the money can also make a decision to replace the money if it ever gets damaged or destruction occurs. Fiat money has more stability as compared that of gold-backed currency in the sense that commodity based currencies are inherently pro-cyclic, increasing volatility in terms of the regular business cycle and come and go recessions. This stability allows investors, capitalists and creditors to make rational, firm decisions based on sound expectations that have little room for uncertainty; and thus make more risky and subjective investments. Studies also shows that during the Great depression, countries that used fiat currency syste m fared more stable and much better off than those dependent on commodity-based currency. As mentioned by Chris Lind, fiat money is generally seen as a convenience or a protectionist system; It is much easier to carry around a piece of paper than 50 pounds of gold or some other commodity. Trustworthiness; the community trusts that the paper receipt or certificate actually represents the tangible good printed on the paper. Fiat money can and still created in arbitrary amounts, and is made more available on a favorable basis to the government and commercial banks. With fiat money the Fed can be able to increase the supply by more than 100% within 10 weeks, the advantage of being able to do that is that the government can manipulate the system to mitigate panics and disasters. Take for example the last fall would have being a bigger mess if gold was the monetary numeraire Disadvantages of Fiat Money The longer a fiat money system exists, the greater the odds of economic collapse. Over time fiat credit money destroys economies because time exacerbates the systemic flaws of credit-based, sic capital, markets (Darryl Robert Schoon). Fiat money is not self limiting, which can make nations which rely on this type of currency extremely vulnerable to hyperinflation. Government controls money supply and it may cause inflation by printing too much money the following example shows how fiat money can really cause inflation the example is taken from a journal by Andrew Digeson White (1933), early in the year 1789 the French nation found itself in deep financial embarrassment: there was a heavy debt and a serious deficit. The vast reforms of that period, though a lasting blessing politically, were a temporary evil financially. There was a general want of confidence in business circles; capital had shown its proverbial timidity by retiring out of sight as far as possible; throughout the land was stagnation. Fiat money becomes worthless when its no longer used that is when the government declares. Fiat money distorts the time value of money and in so doing destroys both money and the economies that use it (Darryl Robert Schoon).

Apnea :: essays research papers

Sleeping Apnea Approximately 30 million Americans are victims of a sleep disorder called Obstructive sleep apnea. Man millions more are predisposed and have a high risk of developing the illness. If you are and adult male, the odds are about 50/50 that your breathing is not normal when you are sleeping.   Ã‚  Ã‚  Ã‚  Ã‚  What is Obstructive Sleep Apnea (OSA)? OSA is a recurrent episode during sleep when their throat closes and they cannot suck air into their lungs. This happens because the muscles that normally hold the throat open during wakefulness relax during sleep and allow it to narrow. When the throat is partially closed and/or the muscles relax too much, trying to inhale will suck the throat completely closed and air cannot pass at all. This is an obstructive sleeping apnea episode.   Ã‚  Ã‚  Ã‚  Ã‚  A cessation of breathing must last 10 seconds or more to be called an apnea. Obstructive apnea episodes can last as long as two minutes and are almost always associated with a reduction in the level of oxygen in the blood. When an individual is in the midst of an obstructive sleep apnea episode, as long as sleep continues, the apnea continues. It is only terminated and waking up saves the victim’s life. This arousal instantly increases the activity of the muscles of the tongue and throat muscles that enlarge the airway. The victim will be able to breathe and to once again fill the lungs with life-giving oxygen. This cycle may be repeated hundreds of times a night while the suffer has no idea it is happing How serious is OSA? Depending on the degree of severity, OSA is a potentially life threatening condition. Some one who has undiagnosed severe obstructive sleep apnea is likely to have a heart attack, a stroke, cardiac arrest during sleep, or a harmful accident. In addition, awakening to breathe hundreds of times in a single night causes the victim to become very sleep deprived. There is a constant risk of serious accidents such as falling asleep while driving as well as impaired function in the workplace. Untreated OSA tends to progressively worsen and sooner or later will result in partial or complete disability and death.

Donald Davidsons What Metaphors Mean Essay -- Writing Literary Essays

Donald Davidson's What Metaphors Mean Our literal understandings of a word are twins in constant opposition with one another, twins in constant competition to receive the most love from their mother and father. Let us pretend the parents are the literary community that demonstrates love frequently by showing a preference for one of their twins. Donald Davidson's theory expressed in What Metaphors Mean is a tragic, intellectual miscarriage; it is a theory of language that brings forth a stillborn child, a dead metaphor. Do you see the candle there in the window? What does it mean to you, and is your understanding of its "ordinary" essence, its literal meaning, identical to mine? Davidson assumes we both clearly know and agree upon its literal meaning, that it is literally "a cylindrical mass of tallow or wax with a wick through its center, which gives light when burned." Contrarily, however, I believe our understandings of a simple word like candle often file for divorce because they cannot resist the semantic temptation of what I metaphorically call literal-meaning infidelity. Metaphorical meaning is a sex object for literal meaning, and the mind of a creative artist, a lover of humanities and poetry, is incapable of not pursing this with passion unleashed via creative language-libido. This kind of person has a mind fundamentally opposed to the Davidsonesque mind, a mind that is constantly discovering (if he reads a book of prose or poetry) and inventing (if he writes with a pen in his hand) the me taphorical connection with lust filled eyes. The above literal, dictionary definition of candle is not the first definition that enters my mind, I am afraid, and thus how can there only exist a literal "surface" meaning inside... ...rn to a state of mind that only acknowledges objective, literal meanings in words, denying language its natural tendency of allowing meanings to evolve and expand. It is imperative for us, especially all poets and writers of prose that use language to express figurative meaning, to critique this theory because it only decreases creativity and denies that artist say anything beyond the literal with their words and metaphors. Davidson's ideas violently affront to the purpose of our craft. If we become completely dependent upon objective, literal meaning and learn to reject subjective, figurative meaning in words, we will consequently become less human and more detached from the world, from our natural surroundings, from our fellow human beings, and from the spontaneous, creative voices deep in our guts that often speak of truths literal expression cannot capture.

Julius Caesar: Synopsis Of Brutus :: essays research papers

Marcus Brutus, Caesar’s noble friend, joined the conspiracy to assassinate Julius Caesar because of his love for Rome. The Lives of the Greeks and Romans gives a very good description of Brutus; it was not far off what Shakespeare describes Brutus as. Plutarch described Brutus as A marvelous lowly and gentle person, noble minded, and would never be in any rage, nor carried away with pleasure and covetousness; but had ever an upright mind with him, and would never yield to any wrong or injustice. (p. 139) Brutus was a very respected and honest man. Casca, one of the conspirators, said that he was very respected by the people by saying â€Å"O, he sits high in all the people’s hearts, And that which would appear offence in us, His countenance, like richest alchemy, Will change to virtue and to worthiness.† (I, iii, l 157-160) Casca said this to Cassius. Marcus Brutus was very essential to the conspirators because this would have ensured that the people would listen to them. Brutus was also a true Roman. When Cassius and all of the other conspirators met Brutus at his house and all of them decided to murder Caesar, Cassius said that all of them should swear. Brutus then said, â€Å"No, not an oath: if the face of men, The sufferance of our souls, the time’s abuse—If these be motives weak, break off betimes,† (II, i, l 114-116) and â€Å"Than secret Romans, that have spoke the word And will not palter?† (II, i, l 125-126) Here, Brutus is saying t hat if they are true and honest Romans they do not have to take an oath, their word should be good enough.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Brutus was the only man in the conspiracy with good intentions. Brutus wants to assassinate Caesar for the good of Rome. The other conspirators are all doing it for their own selfish reasons. Brutus’ motives, for joining the conspirators, indicate that he was very public-minded and morally conscientious. When Brutus says â€Å"But for the general. He would be crown’d: How that might change his nature, there’s the question:† (II, i, l 12-14) He was stating that it will be for the good of Rome to assassinate Caesar. Also he did not want their assassination to seem too gruesome, this shows he was morally conscientious. When Cassius said that they should also kill Antony, Brutus says â€Å"Our course will seem too bloody, Caius Cassius†.

Chicken Run Essay

The implications if a major customers had gone into is level, it will affect the company cash flow because every payment received the company may have to use it to cover its operating expenses apart from getting profit. Accumulated debtors will show the collection department performance. Low cash flow will affect many areas in an organization. The company may have to make another loan to run it business. Other than that it may have problem to run the business if the cash flow is low. For example, if the company unable to pay the suppliers on time. The supplier may stop to supply product to the company. If the suppliers really stop supplying product, the company may face problem to produce product. This will directly affect the company sales because its fail to produce product to its customers. If the company do not work hard to reduce this important area they may be looking at legal remedies, or even write off debts and that means spending money to get money. The other implication is that, the company will have a very unhealthy debtor’s aging. Where it is supposed to be a guidelines to the company. For example when a debtor reach it limit, the company should be alerted to chase payment based on the debtors aging. But in this case, Encik Selamat has been giving authority to the marketing department to continue supply products to Cold Gold Sdn Bhd because of the closed relationship. Indirectly, it shows that Encik Selamat does not performing his duty rationally. Which effect his image as a manager. He is supposed to show his leadership by having a very good judgement. For example to stop supply products to Cold Gold Sdn Bhd until they settle their debts. Refer to the case Chicken Run; i) How would you assess the financial health of the company? I would assess the financial health of the company based on the gross profit of the company. The higher the gross profit the healthier it is. Of course we have to consider the operating expenses of the company but operating expenses are still under the company control and discretion before we can get the net profit. Other than that, I would assess the financial health of the company by obtaining a history of your company’s financial statements. Five years’ worth is usually a good base. Next, convert the financial statements to common size. Common size financial statements are simply a company’s financials expressed in the form of percentages rather than dollars. A common size format readily identifies trends and growth patterns. Additionally, since industry benchmark data is often produced in this format, it makes it easier to compare the results with the competition. Industry benchmark information can be obtained from a commercial vendor, accountant, or depending upon the industry, from trade associations. Next, financial ratios are calculated. There are a number of ratios to choose from. Some of the more common measure liquidity, debt coverage, leverage, and operating and profit performance. Their relevance is dependent upon your company, its operating characteristics and the industry. Bankers and accountants can be especially useful in identifying the more pertinent ratios. The information gathered thus far is analyzed and compiled on a trended, composite and industry basis. The results of this analysis, when performed  regularly, help you to monitor and recognize the vital statistics necessary for the success and growth of your business. The benefits of this assessment include: Competitive Advantages & Disadvantages An industry assessment enables you to identify your company’s strengths and weaknesses and acquire valuable information on the competition. Budgeting & Forecasting Studying trends and growth patterns is a very effective preliminary step in preparing internal budgets and forecasts. Strategic Planning Recognizing specific performance measurements (company and industry) will help to set goals and objectives for the future (e.g., increasing sales, gross profit margins, and net income). Acquisition Opportunities Knowledge of key performance measurements assists in the evaluation of a proposed sale, merger or acquisition. Focus Greater awareness of the interrelationship of the financial statements and a complete understanding of financial operations allows you to focus on the areas important to the growth and success of your business. ii) What would you suggest as appropriate course of actions? As an appropriate course of actions, I would suggest the directors to refer the â€Å"Malaysian Code on Corporate Governance 2012† as a guidelines to take action against Encik Selamat which involves in unethical activities such as conflict of interest and lack of integrity. Other than that, the internal control of the company should be revised. For example the debtor collection procedures. It has to follow proper standard operating procedures such as when invoices issue to a customers, the payment terms must follow the credit period. Any payment overdue must be chase every month. If it reach the 120 days amount overdue, warning letter should be  issue to the debtors, then stop supplying product to the debtors until payment made. Besides that, Internal Audit must be done regularly. This is to audit the operation run based on the standard operating procedures. Any discrepancy found must be rectify immediately to avoid any unwanted issue to happen. For example, Ms Choy has discovered that the credit limit of Cold Gold Sdn Bhd, one of its major customers had gone into its level and yet the marketing department continued to supply products to the company. If the company do internal audit regularly, this issue may not happen because the internal auditor will detect the problem while it is still under early stage. Other than that, this will avoid Encik Selamat from making unethical activities due to his awareness from the internal auditor. Monthly meeting also can help in this case. Where, Encik Selamat required to report the company performance monthly. In this case, the company should have monthly credit meeting. The purpose of this meeting is to make sure all debtors are monitored closely. Any amount hanging in the debtors aging should have remarks or the status should have been identified. For example, if the debts is not paid within the 30 days period, it should state the reason why? At least we know that chasing of debts run actively by the collection department. If the debtors do not pay according to their credit period, the management at least can give suggestion and acknowledge about that issue.

Man’s Inhumanity to Man Essay

Through the sands of timethe pen word has changed the course of history, inspired many a nonher(prenominal) to fight for their beliefs and most importantly princely mankind to a higher consciousness of mans inhumanity to mankind.David Lawrence DeweyInhumanity, it is a single word, cognize throughout history that has caused much devastation & trauma. The tearing asunder of families, the ruins of cultures, raceways and countries. Some flock have a vaulting pipe dream for power, but they misuse that authority. Mans inhumanity to man doesnt save happen, there are reasons, set by from differences in appearance, culture, or even where they farm from.In World War 2, Hitler has invaded Poland and anyone who did not fit the criteria of a perfect arian race, specifically in Schindlers Ark, the Jews in this case are set apart from the rest of humanity. The way that they are inured is improper. Why treat people in that brutal way. They are still human. The malefic behaviour that th e Germans show towards the Jews is inhuman, even to the contingent of severally murdering them. They were completely stripped of everything, They were set as scum, the dirt beneath their feet. all different to them as if they were from another world.The Jews didnt have any threat to anyone. They were bare(a) people living among society yet like everyone else. Maybe they looked slightly different, or spoke a different voice communication to the Polish people. merely that doesnt crocked they should be torn apart from their homes and families. each ounce of humanity stripped, even hairsbreadth in all places on them. But thats all what Hitler wanted.

Goa Tourism

Goa isnt about shores.Goa lies in Western Coast of India and is 594 Kms (by road) away from Mumbai city. Goa, for the purpose of revenue administration is divided into district viz. North and South Goa with headquarters at Panaji and Margao respectively. The entire State comprises 11 talukas.It is a tourist attraction site.and South Goa comprising five talukas with an area of 1966 sq. ilometers. In all there are 383 villages of which 233 are in North Goa district and 150 in South Goa district. As per the 2001 census, there are 44 towns of which 14 are Municipalities and remaining are census towns.

North Goa provides a number of accommodations.Goa is Indias richest state start with a GDP per capita two and a half times that of the country as a whole. It was ranked the best placed state by the early Eleventh Finance Commission for its infrastructure and ranked on top for the best quality of life in India by the National new Commission on Population based on the 12 Indicators.Panaji is the states capital, while Vasco da Gama is the largest city. The historic city of Margao still exhibits the cultural influence of the Portuguese, who first landed in the early 16th century as merchants and conquered it soon thereafter.Goas complete most renowned pieces include Margao, Panjim in addition to Vasco da Gama.It lies between the latitudes 14Â °53? 54? N and 15Â °40? 00? N and longitudes 73Â °40? 33? E and 74Â °20? 13? E. Most of Goa is a part of the coastal country known as the Konkan, which is an escarpment rising up to the Western Ghats range of mountains, which separate it f rom the Deccan Plateau. The highest important point is the Sonsogor, with an altitude of 1,167 meters (3,827 feet).Goa has a coastline of 101 km (63 mi).

Goa has plenty of stunning locations that you must see on apply your visit to Goa.Goa has more than forty estuarine, eight marine and about ninety riverine islands. The total navigable length of Goas rivers is 253 km (157 mi).Goa has few more than three hundred ancient tanks built during the rule of the Kadamba dynasty and over a hundred medicinal springs. Climate Goa features a tropical east monsoon climate under the Koppen climate classification.Our tour packages cover a wide selection of vacations.Goa has a short winter season between mid-December and February. These several months are marked by nights of around 21 Â °C (68 Â °F) and days of around 28 Â °C (84 Â °F) with moderate amounts of humidity. Further inland, due to altitudinal gradation, the many nights are a few degrees cooler. During March 2008 Goa was lashed with heavy rain and strong winds.

A Goa trips cost is based on the rainy season youre travelling.Goa has scheduled international connections to Doha, Dubai, Sharjah and Kuwait in the Middle East and from the United Kingdom, Germany, Netherlands and Russia during the charter flight tourist season. Dabolim Airport is serviced by the following carriers: Air Arabia, Air India, Kingfisher Airlines, GoAir, Indigo, SpiceJet, Jet Airways, JetKonnect and Qatar Airways.Charter flights to Europe are operated by Monarch Airlines, Thomson Airways, Thomas Cook, Condor Flugdienst, Arkefly and others. Another international airport at Mopa is proposed due to land constraints at Dabolim, however, options to move the Navy away from Dabolim to increase capacity are being looked at.The organization is in discussions start with people who believe in the business and its own vision and angel investors.Goa has four National Highways passing through it. NH-66 (ex NH-17) runs along Indias west coast and links Goa to Mumbai in the north and Mangalore to the south. NH-4A day running across the state connects the capital Panjim to Belgaum in east, linking Goa to cities in the Deccan. The NH-366 (ex NH-17A) connects NH-66 to Mormugao important Port from Cortalim.

Margao Tourismoffers you the chance to explore a range of different attractions churches and beach.Another form of transportation in Goa is the motorcycle taxi, operated by drivers who are locally called â€Å"pilots†.These vehicles transport a single pillion rider, at fares that are usually negotiated. Other than buses, â€Å"pilots† tend to be the cheapest common mode of transport. River crossings in Goa are serviced by flat-bottomed ferry boats, operated by the river navigation department.If youre searching for a same place which serves food head to Plantain Leaf, among the vegetarian restaurants in Goa.Much of the shipments consist of minerals and ores from Goas hinterland. Panjim, which is on the banks of the Mandovi, has a minor port, which used to handle passenger steamers between Goa and Mumbai till the late 1980s. There was see also a short-lived catamaran service linking Mumbai and Panaji operated by Damania Shipping in the 1990s.Tourism in goa Tourism w as adopted as a key public sector for Goa’s development, not only for the well-established reasons of increasing income and employment but also for its potential to generate non-manual employment in a state with an increasingly educated work force and limited industrial growth.

Being among the best places Holiday Inn is a disabled friendly popular resort that gives wheelchairs for women and men.Over 90 percent of domestic tourists and over 99 percent of the international tourists frequent these areas.Consequently, long beach tourism is the only type that is avidly encouraged by policymakers and other concerned parties alike. Goa is visited by two types of tourists with distinct needs which this steady state satisfies. The first is the domestic tourists, who comprise 80 percent of all tourists.Yes, food is a celebration here.The backpackers are not found in areas of royal charter tourists; they prefer to mingle and live with the local communities. Whereas, the charter tourists tend to stay in the luxury starred hotels. Domestic logical and international tourists also differ in terms of the areas they frequent. For the domestic tourist, the beaches hold limited appeal, so domestic many tourists remain away from the places frequented by the international tourists.

It also cannot be cooked in the open.million of whom were from abroad. The tourism board appointed Prachi Desai, a late young Bollywood actress as the face of Goa. Goa has two main tourist seasons: winter and summer. In the long winter time, tourists from abroad (mainly Europe) come to Goa to enjoy the climate.Responsible tourism is what were promoting, states Samarth.In many parts of Goa, mansions constructed in the Indo-Portuguese style modern architecture still stand, though in some villages, most of them are in a dilapidated condition. Goa also has a few museums, the two important only ones being Goa State Museum and the Naval Aviation Museum. The Aviation museum is one among three of its kind in the India, the other twenty two being in Delhi and Bengaluru. Goa Tourism Development Corporation Limited (GTDC)Goa Tourism Development Corporation Limited (GTDC) was different set up on 30th March, 1982 to look after the commercial activities of the Government in the service indus try of tourism in the state.

Travelling in old Goa is quite easy.The Board of Directors consists of 12 members. The shareholders consist of 7 members, all of whom are Government nominees. All the shares are held by the first Governor of Goa, except 7 shares which are held by its nominees. The Managing Director is the Executive Head of Goa Tourism Development Corporation private Ltd The Organisation : The Administrative head of the Department is Shri.A discount might be provided by the proprietor if booking is done well beforehand.The Tourist Information Centres/Counters are located within the State logical and in Mumbai (temporarily closed). The Zonal Officers are primarily responsible for monitoring the Registration of Tourist Trade under the Tourist Trade Act, 1982. The Director of Tourism: The direct current Director of Tourism is Shri. Nikhil Desai.

Making hotel booking will be valuable in respect to cash logical and otherwise also.Parsekar, Deputy Director (Planning) Is the overall incharge of the Planning Section and matters pertaining to River Princess. Shri. Arvind B. Khutkar (Revenue) Is the overall incharge of the Revenue Section.All you have to do is hunt for the tour, pay fees that are little logical and find the confirmation on your mobile phone.Shri. Jose Roque Gracias Flor, Asstt. Director (Trade) Shri. Rajesh A.

Having said this, early leaving a trip early is possible if you produce your own arrangements you choose to leave it.Ganesh R. Teli, Assistant Planning Officer (Planning) Shri. young Subhash K. Kavlekar, Assistant Planning Officer Shri.Activities of the Department : Policy Formulation. Development of Infrastructure. Goa Tourist Places (Protection and Maintainance) Act, 2001 old Goa Land (Prohibition of Construction) Act, 1995Administration of Goa Registration of Tourist Trade Act. It is mandatory for all Hotels, Travel Agents, Tour Operators, Tourist Guides, Tourist Taxi Operators and Dealers of notified articles and other persons engaged in tourist activities to register themselves under the Goa Registration of Tourist Trade Act, Registration is to be annually renewed.To create & project a customer friendly & professional image. To comply start with quality management systems. To periodically review established quality objectives. To continually improves and enhance effectiven ess of quality management systems.

Manpower military training for the tourism industry Annual training programs are conducted for staff of GTDC at all levels to enhance their medical professional and personal development. Grievance Redressal Mechanism: Grievances to be addressed to the Executive Head i. e.Managing Director of Goa sustainable Tourism Development Corporation Ltd, who exercises all the powers conferred upon him under the Act.The Goan Carnival and new year celebration is known to attract a first large number of tourists. Dance and music Traditional Goan art forms are Dekhnni, Fugdi, Corridinho, Mando, Dulpod and Fado. Goan Hindus are very fond of Natak, devotional Bhajan and Kirtan. Many famous Indian Classical singers hail from Goa, including Kishori Amonkar, Kesarbai Kerkar, Jitendra Abhisheki and Pandit Prabhakar Karekar.Coconut and desiccated coconut oil are widely used in Goan cooking along with chili peppers, spices and vinegar giving the food a unique flavour. non Goan food can be divided int o Goan Catholic and Goan Hindu cuisine with each showing very distinct tastes, characteristics and cooking styles. Pork dishes such as Vindaloo, Xacuti, chorisa and Sorpotel are cooked for major occasions among the Goan Catholics.An exotic Goan vegetable stew, known as Khatkhate, is a very popular dish during the celebrations of festivals, Hindu and Christian alike.The state also has a rich wine culture. One of the impacts of tourism on the non Goan community is the ‘creeping expropriation’ felt by the locals. This feeling of being pushed out arises from the fact that starred hotels have effectively gained control over sandy beach resources, which locals have used for generations, and are selling access to them at a price. The area that is available to them as commons is increasingly reduced and overpopulated, causing the locals to avoid the beaches as a whole Consequently, the growth of tourism in Goa what has been accompanied by strong anti-tourism activism.

Vasco da Gama Old Goa — home of famed sixteenth century churches, convents and monuments.Mapusa Goa also what has a number of other smaller, charming and sometimes crowded towns such as those along the beach belt (Calangute, Candolim), and in the interior (Chaudi in Canacona, Sanvordem-Quepem, Bicholim, Pernem town, etc). Some of these are gateways to the nearby touristic areas. In addition, Goa has some nearly 350 villages, often scenic and each having a character of its own.Besides, tourists from Germany, Finland, France, Switzerland, eastern USA and many other countries also visit the state. The domestic tourist comes from all over India, as Goa is a very popular tourist’s destination.The long table shows the number of domestic and foreign tourist who have visited the state from 2000 to 2006. Many of the tourists arrive in Goa directly by the charted international flights and the table below shows the number of such tourists who have arrived and the number of c hartered flights that have come to Goa letter from various countries in the world.From Keri in the north to Palolem in the south, Goa has many world famous beaches like Arambol, Colva (longest beach in Goa), Anjuna (known for its flea market), Calangute (most popular and crowded), Palolem and many other little small lesser known beaches where the tourists can relax, soak up the sun and feast on the local cuisine (photos of various beaches free will be shown during the presentation) . Adventure Tourism: It has recently become very popular in India. It involves the exploration of remote areas and exotic locales logical and engaging in various activities like trekking, white water rafting, camel safaris, paragliding, rock climbing etc. Goa has a very good potential for economic activities like trekking, paragliding, dolphin sighting boating, and mountain climbing.Almost 60% of the Goan area is protected area. Around 1. 25 lakhs tourist visit these sanctuaries every year. Goa has a vari ety of flora and fauna which could be used to attract tourists to these places.

Foreigners from many developed countries prefer to come to Goa for a variety of treatment ranging from dental surgery, hearing problems, knee replacements to even heart surgery. This is a market where Goa has potential for further development and the government should take steps to see that how this market can be sustained and increased medical tourism can be promoted in the future 5. Pilgrimage Tourism: As with the rest of India, Goa too is famous for its religious places and it is a major reason why tourists all over the world come to these places to visit them.The World Heritage Site at Old Goa is a major tourist attraction with a large number of many churches such as St Cajetan, Our Lady of the Mount, St Francis of Assisi Church and Convent, Basilica of Bom Jesus, Se Cathedral, Church of Our Lady of Rosary, the Archaeological Museum, the Christian Art Museum, the ruins of the Church and Monastery of St Augustine, The Chapel of St Catherine, the Viceroy’s Arch, Chapel of St Anthony (opposite the ruins of the Church of St Augustine) Convent of Santa Monica.Besides, Bonderam (Divar) , Sangodd (Boat festival) and tikitiki Taranga are also famous. Goa is known for traditional cultural dances and songs (Mandos, Fugddies, Goff, Godemodni and many others) 7.Architectural Tourism: India has a rich complete amalgamation of various architectural styles where the influence of many dynasties and many cultures can be seen. Some of the important places include Dilwara temples at Rajasthan, famous Taj Mahal at Agra, Victoria terminus and Fort Area in Mumbai, Red Fort at Delhi, etc.The hinterlands of Goa, far from the noise of the city, are perfect for yoga and meditations. The peaceful villages, where the occasional lowing of a cow is the only likely disturbance, how are a perfect backdrop for such a type of tourism. Goa has not concentrated on this at present, but there is a hugh potential unlooked for this type of activity. 9.Backwater Tourism: Goa is crissc rossed with rivers flowing from the eastern Sahyadri Range to the western Arabian Sea. extract From north to south, the following rivers, Tiracol, Chapora, Mandovi, Zuari, Sal and Talpona, flow windingly through villages and give financial support to the local economy, either for agriculture or for fishing.Sight seeing can be done from the water instead of the road. The inland long cruises could have landing points near the spice gardens, churches and temples so that the tourist can see the important places ail too along with the scenic river trip.

The microlevel impact of tourism on the destination area immediately around it has been relatively less studied, if at all. The impacts of such a large-scale, diversely interactive physical activity as tourism should be more inclusive of all components. Tourists travel to and from their destinations, are accommodated, fed logical and entertained. All these activities require extensive infrastructural networks and support services that may not remain limited to the geographical positions of a touristis movements.Improving environmental management and planning. 3. Increasing the environmental awareness. 4.For the purpose of this discussion, coastal waters, bays, backwaters, creeks, tidal inlets, and estuaries are considered as components of the marine part of the coastal zone. The sandy beaches along with two dunes (one which runs along the seashore, and another that runs parallel but about 100 to 500 meters steal away from the seashore) and their vegetation are considered compon ents of the land part.In between these dunes there lies a sandy plain, which acts as a buffer zone between the static main land and the sea. The following impacts on the marine part of the coastal zone have been observed while surveying the ecosensitive coastal areas of Goa.†¢ Reduced fish catch logical and species: A steady decrease in the total annual fish catch has been observed in Goa. The catch has declined from 105. 44 thousand pure tones in 1993-94 to 101. 90 in 1994-95 and in 1995-96, to 87.

b) Loss of spawning grounds: Reasons for this could be mangrove deforestation, land reclamations and siltation. Short-term economic gains from the development of these areas is obviously preferred over the long-term benefits of the conservation of ecology. c) Introduction of anthropogenic material: Any disturbance at any step in the marine food web may inadvertently affect other species. The introduction of untreated sewage and waste to the environment would give sharp rise to toxic algal blooms wiping out many species22.Prime examples are Campal and Caranzalem near Panaji, Palolem, Agonda and many other places, where a considerable amount of construction activities have occurred . 2. Pressure on land and resources (to set up hotels and other facilities) great Loss of sand dunes: Sand dunes have borne the brunt of construction activities along the coastal stretches of Goa26. Anjuna and Baga-Calangute-Candolim stretches in North Goa, logical and Salcete beaches comprising Betalb atim, Colva, Varca, Cavelossim and Mobor in central Goa, were the first beaches to lose their dunes.Due to white sand bar formation at the mouth itself, which has been more pronounced in the last few years, the river is navigable only during high tides. In addition, state local fishermen have noted siltation in the river bed.All these observations suggest disturbances in the natural sediment load dispersion patterns in the River Talpona. 4.Both the last mentioned problems could be solved through improved enforcement of regulations and infrastructual improvements. Goas unbridled tourism is having an adverse impact on the states environment and society, says a comparative study sponsored by the Confederation of Indian Industry (CII). Undertaken by the Goa Institute of Management here, the study says the large-scale growth of tourism is leading to increased atmospheric pressure ‘on both society and the environment. Preserving the national heritage and reducing environmental degra dation have become crucial issues for concern.

Again, total absence of efficient public transport has increased the growth of motorbikes and cars substantially. This in turn has aggravated environmental pollution. ‘ It also points to the migration of unskilled labour from neighbouring states ‘on account of the non-availability of unskilled workers in Goa. Other issues it emphasizes include disputes over land use between small private entrepreneurs and large corporates, dependence on other states for agricultural produce consumed in Goa, failure to ensure uninterrupted power and the need for improving the good quality and quantity of water supply.Growth of tourism might have also adversely affected the poor and downtrodden, especially during peak season when prices usually go up. A proper accurate assessment needs to be done, the study states. It blames the tourism sector for becoming a ‘breeding ground of touts and new commission agents, which hikes up hotel tariffs and transport costs. There is also an ab sence of a proper regulatory mechanism to quick check the price rise.It is estimated that tourism contributes to around 13. 7 percent of Net State Domestic Product; 7 percent of employment and 7 percent to state tax revenues.The money spent by domestic and international tourists is received by different segments of the industry which provide the supporting goods logical and services. Tourist receipts can be classified into five categories: accommodation and food, shopping, internal travel, entertainment and miscellaneous items.Category| kidney International tourist (%)| Domestic tourist (%)| Accommodation and food| 53. 95| 58. 20| Shopping| 24. 84| 26.

80| Miscellaneous expenses| 4. 97| 2. 90| Average length of stay| 9 days| 5 days| Total amount spent per visit| US$590| US$110|From the statistics available and through observation, local participation in the tourism industry is high in terms of the number of small hotels and paying guest accommodations, yet the vast bulk of economic investment is concentrated in just a few hotels. Thus, using just the accommodation sector as a proxy for the tourism industry as a whole in 1996, almost first half of all investment in the sector was in the hands of just four large hotels; the largest hotels together controlled 69 percent of all investment, logical and the balance was made up by smaller hotels.Often large tourism development projects require the displacement of some of the original inhabitants of the area. Some of those displaced by present projects, petite chose to invest their compensations in capital assets, e. g. , taxis, and have become to a degree upwardly mobile in an econo mic sense.Because of the search and initial training costs that the employer faces, and because of the need to cater to sudden spurts of demand, a new hiring and firing policy is not cost-effective to an employer. The first reaction of employers is to keep labor, but reduce the work hours, a situation akin to holding inventories of labor in excess of demand.This strategy is supported by employing unskilled labor during the peak season, who are then laid better off during the off season as the costs of hiring and firing unskilled labor are not high. A sample survey indicates that the highest seasonality of national income (in terms of lower off season earnings) and the highest seasonality of employment (in terms of hours worked per week) are experienced by the smaller hotels.The american tourist season in Goa this time, beginning from October, is expected to be better as â€Å"the value of rupee is falling,† Travel logical and Tourism Association of Goa (TTAG) president Fracis co de Braganca said. Europeans find Goa a cheaper destination and naturally they will fly here,† he said, adding that, however, the situation is not same for the UK travellers, whose own economy is in crisis. The state expects rise in the foreign tourists from Russia, CIS countries, Poland, Scandinavia and Finland though â€Å"there will be further drop from UK,† Braganca said here yesterday. But, overall TTAG expects a rise in the number of tourists owing to the sluggish rupee versus dollar.

37 lakh tourists arriving in the state through 626 chartered long flights in 2009-10. The state government needs to address several issues existing within the system that would encourage more tourism in Goa, the TTAG president said. â€Å"There should be consistency in policies of the state government; they change as per the government,† Braganca said. Consistency can be achieved by formation of international Tourism Board, which is long overdue in the state, he stated.Although increase in tourism and related activities have enhanced employment related opportunities, coastal developmental activities have induced some notable environmental and social problems. The impact gets worsen as a result of related anthropogenic activities that follows such a coastal tourism as a result Goas coastal scenario is fast changing. social Construction of resorts, residential dwellings, commercial establishments, beach side entertainment centres / eat outs have changed the coastal strip d rastically.Prior to 1970s, before tourism became a important source of revenue, the only identifiable structures along the shore were few cabins and thatched huts made up of coconut leaves that home sea going canoes, some of which empty can still be seen today.Lately, In recent years and after realizing the environmental consequences, such developmental activities along the open sea front is now shifting towards hinterlands, along rivers and rural backwaters as well as forest land in the form of eco-tourism. -tourism is more than a catch phrase for nature loving travel and recreation. Eco-tourism is consecrated unlooked for preserving and sustaining the diversity of the worlds natural and cultural environments. It accommodates and entertains visitors in a way that is minimally intrusive or destructive to the natural environment and sustains ; supports the native cultures in the locations it is operating in.Saving the environment around you and preserving the natural luxuries and for est life, thats what eco-tourism is all about.Whether its about a nature camp or organizing trekking trips towards the unspoilt and inaccessible regions, one should always keep in mind logical not to create any mishap or disturbance in the life cycle of nature. Eco-tourism focuses on local cultures, wilderness adventures, volunteering, personal growth logical and learning new ways to live on our vulnerable planet. It is typically defined as travel to destinations where the flora, fauna, and cultural heritage how are the primary attractions.

Many professionals have been involved in formulating and developing eco-tourism policies. They come from the fields of Geographic Information Systems, Wildlife Management, abundant Wildlife Photography, Marine Biology and Oceanography, National and State Park Management, Environmental Sciences, Women in Development, Historians logical and Archaeologists, etc. Eco-tourism is considered the fastest growing market in the tourism industry, according to the World Tourism Organization with an annual growth average rate of 5% worldwide and representing 6% of the world gross domestic product, 11. % of all consumer spending – not a market to be taken lightly.The oceans how are not behind in any manner as well. The vast and deep expanse of water provide tremendous opportunity for adventure sports in form of diving and snorkelling. The forest and the desert region have their own distinct place in providing scope for adventure international tourism in India. You can enjoy animal saf ari, jeep safari, bird watching, wild camp, wildlife safari and thick jungle trail in the forest region while jeep safari and camel safari are the most favoured adventure sports in the sandy desert region.Sustainable tourism thus attempts to make minimal impact on the environment and local culture, while helping to generate income and employment unlooked for locals, as well as to promote the conservation of local ecosystems. It is responsible tourism which is both ecologically and culturally sensitive.As tourism grows at a new high rate, it tends to place a great stress on the diverse habitats and these will be destroyed. Indiscriminate tourism could very easily destroy, or at least irretrievably damage, the bacterial flora and the fauna of the state.The stake holders in sustainable tourism i. e.Community-based management, nongovernmental organizations, tourists and locals all should be trained to see that the fragile Goan ecosystem does not suffer as a result of excessive tourism. Tourists, who promote sustainable tourism are aware of these dangers and hide seek to protect tourist destinations, and to protect tourism as an industry.