Essay --

A1. Documents ïÆ' ¼ Fourth quarter balanced scorecard attached with excel spreadsheet. ïÆ' ¼ Balance sheet attached with excel spreadsheet. ïÆ' ¼ Income statement attached with excel spreadsheet. B1. Adequacy of Funds According to Ralph Estes’ Dictionary of Accounting (1981), a pro forma financial statement is described as â€Å"a financial statement created on events and transactions that are assumed, but has not yet happened.† On the other hand, a historical financial statement gives organizations financial measurements on how well the company has performed in the past. For that reason, without financial statements it would be difficult for management, investors, executive board members, and customers to analyze and evaluate how well a company does financially. The format in pro forma financial statements are similar to historical financial statements, but primarily focuses on the future theories and not past factual financial information. Also, a budget is a financial disposition to control future aspects in operations of money. Therefore, having a financial budget is extremely important especially when starting a business. During my simulation, I focused more on using a financial budget throughout to predict how much money I would spend during the expansion process of building the company. I kept my financial risk managed, so the company would not have any debt in the process. Unfortunately, this also backfired against me when I needed to invest more for the future of the company. The two points in my balanced scorecard are how well I did against the average companies. (Below is part of the final Balanced Scorecard for Investment in Future and Financial Risk). Average Typhoon Investment in Future 85.62 1.00 Financial Risk 0.91 1.00 Now... ...tion provided a purchase of the market search, but could have used a better overview of what tools or directions a business owner could use to succeed. There are many ways to achieve the ultimate goal of perfection towards the customer’s expectation in my simulation and benchmarking would have been an impactful improvement to achieve quality assurance goals. That being said, in the simulation there should be some evaluation of defects of the units that were sold to the customers. In a few of the quarters, feedback review of the quality of the product would also be another part of the simulation. Therefore, the quality assurance from the customer’s standpoint is vital in order to gain revenue and manufacturing growth for a company. Benchmarking would be an impactful improvement towards new business owners for this simulation to achieve quality assurance goals.

Agency problem and its solutions

Principal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example, in a large corporation, shareholders would hire managers to help them to organize the company in dairy business. However, agency problems may arise because of the conflict interest and asymmetry information between principals and agents, which lead to agency costs. In this essay, I would like to use the agency theory introduced by Jensen and Meckling (1976) to analysis that to what extent that agency cost would damage shareholder’s wealth maximisation and what actions shareholders could take to correct it.Agency problems and main causes of itFirst of all, there might to conflicts of interest or different goals between principals and agents, the agent would act as their best self-interest but not principal’s. Secondly, there is asymmetry information between principals and agents, managers may have more i nformation than principals or they could hide their actions. Thirdly, there is uncertainty in the outcome. The outcome may not just depend on managers’ effort but also other factors like good luck or high market’s expectation lead to increase in share price.Agency costsAgency cost incurred when the managers do not attempt to maximise firm’s value and the cost to monitor manager and constrain their behaviours. Agency cost is the sum of three types of costs, cost of designing the contract, cost of enforcing the contract (monitoring and bonding) and residual loss if contract is not optimal.Solutions of agency problems Monitoring Management compensation Incentive compensationThere are two major principal agent model, adverse selection and moral hazard. Adverse selection occurs when one of the parties, usually the  agent, has better relevant information prior to the contract. This hidden information will be used opportunistically to optimize the utility gained from entering the contract. In moral hazard the principal is unable to observe the agents actions after signing the contract. This causes the agent not to take the full consequences of his actions and thus he can use this hidden information to act opportunistically and maximize his own profit. In most cases the principal will have to carry the costs of this behaviour. ï » ¿Agency problem and its solutions IntroductionPrincipal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example, in a large corporation, shareholders would hire managers to help them to organize the company in dairy business. However, agency problems may arise because of the conflict interest and asymmetry information between principals and agents, which lead to agency costs. In this essay, I would like to use the agency theory introduced by Jensen and Meckling (1976) to analysis that to what extent that agency cost would damage shareholder’s wealth maximisation and what actions shareholders could take to correct it. Agency problems and main causes of it.First of all, there might to conflicts of interest or different goals between principals and agents, the agent would act as their best self-interest but not principal’s. Secondly, there is asymmetry information between principals and agents, managers m ay have more information than principals or they could hide their actions. Thirdly, there is uncertainty in the outcome. The outcome may not just depend on managers’ effort but also other factors like good luck or high market’s expectation lead to increase in share price.Agency costsAgency cost incurred when the managers do not attempt to maximise firm’s value and the cost to monitor manager and constrain their behaviours. Agency cost is the sum of three types of costs, cost of designing the contract, cost of enforcing the contract (monitoring and bonding) and residual loss if contract is not optimal.Solutions of agency problems Monitoring Management compensation Incentive compensationThere are two major principal agent model, adverse selection and moral hazard. Adverse selection occurs when one of the parties, usually the  agent, has better relevant information prior to the contract. This hidden information will be used opportunistically to optimize the utili ty gained from entering the contract. In moral hazard the principal is unable to observe the agents actions after signing the contract. This causes the agent not to take the full consequences of his actions and thus he can use this hidden information to act opportunistically and maximize his own profit. In most cases the principal will have to carry the costs of this behaviour.

Is It the Author, or His Content Essay - 1404 Words

Orson Scott Card’s novel, Ender’s Game, has been the most popular science fiction novel since its release is 1985. While the book is essentially a fantasy, it contains a lot of scientific and philosophical information that are both manifest and latent. The issue that critics argue over may not necessarily refer to the plot of the book, but rather to its moral dynamics. In this literary analysis, we will analyze Ender and his sibling’s relationship by referencing the Personality Development theory, and the history of many historic biblical saints. But first, the author himself will be analyzed in order to understand what influenced him to write such a popular book. As an author, professor, columnist, and political activist, Orson Scott†¦show more content†¦For instance, in his book Ender’s Game, the main character, Ender Wiggin, and his siblings, Valentine and Peter Wiggin, all share two major similarities. They all are named after historical saints, and wholesomely reflect what psychologist Sigmund Freud refers to as parts of the personality. The key element in Freud’s Personality Theory, is the Ego which operates â€Å"on the reality principle, [and] seeks to gratify the id’s impulses in realistic ways† (Myers). In the novel, Ender symbolized the ego, and developed into a young man that shared his brother Peter’s â€Å"ruthlessness† and his sister Valentine’s â€Å"compassion† (Card). The relationship that Ender had with his siblings was established at the start of the book, but was not made obvious until towards the end when Ender admitted that â€Å"in the moment when [he] truly understand[s] [his] enemy, understand[s] him well enough to defeat him, then in that very moment [he] also love[s] him† (Cars). Ender struggled with the battle of loving his enemy throughout the entire novel. Although he was forced to defeat his enemy in order to protect himself, he ultimately hated himself afterwards. A key scene that portrayed this issue was when Ender was confronted by Bonzo, his old team leader, and seven other boys while in the bathroom. Ender was aware of Bonzo’s plan to kill him, so to avoid hurting him, Ender asked him not to provoke a fight. Instead, Bozo attacked him. Ender had noShow MoreRelatedToday’S Major Media Platforms Are Defining And Developing1365 Words   |  6 Pagesdefining and developing what constitutes the Internet’s version of free speech. As a new form of expression emerges through the use of social media platforms, policymakers must regulate the censorship of posted content while still protecting the integrity of the user’s First Amendment rights. 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Abraham Lincoln And His Impact On The World - 1131 Words

Andrew Ringate Mr. Hett Hour 4 April 1, 2016 Abraham Lincoln and his impact on the world Abraham Lincoln was born February 12, 1809 in Hodgenville, Kentucky but he grew up on the western side of the United States; he was self educated and eventually became a lawyer in Illinois. He was the 16th President of the United States; he was president from March 1861 until his assassination by John Wilkes Booth in April 1865. Lincoln led the United States through its Civil War, which was the United States bloodiest war and an event often considered its greatest moral, constitutional, and political crisis. In doing so, Abraham Lincoln impacted world history for many reasons including abolishing slavery, preserving the union, and by changing the presidency. Lincoln didn t believe slavery was morally correct. There was one large problem with that; it had already been approved by the highest law in the current United States: the Constitution. This law was also approved by the Supreme Court of the time. The nation’s founding fathers, who also struggled with addressing slavery, did not flat-out write the word â€Å"slavery† in the Constitution, but they did many things include key clauses that were protecting the institution, including a fugitive slave clause and also the three-fifths clause, which allowed Southern states to count slaves as â€Å"partial people† for the purposes of representation in the federal government. During a three-hour speech in the fall of 1854 located in Peoria,Show MoreRelatedThe Legacy Of Abraham Lincoln1203 Words   |  5 PagesAbraham Lincoln was president during the 1860 s .Some states in our country argued over slavery. The northern states fought the southern states in the Civil War. When the Civil ended ,Abraham Lincoln was killed he had kept the United States together as one nation. After Abraham Lincoln died ,people wanted a memorial for him. It took almost 50 years before it was built. It was decided that the memorial should look like a temple from Greece. It was also decided that there would be a statue of sRead MoreAbraham Lincoln Has Been An Iconic Figure Of The United1538 Words   |  7 PagesAbraham Lincoln has been an iconic figure of the United States. Abraham Lincoln is viewed as a political icon. He was an idealized and iconic figure in the American culture. His efforts to ends the slavery and bringing the United States to a completely new culture certainly made him a political icon. He is the only American President that is on the list when we talk about the iconic personalities. He has acquired a culturally significant stature in the American society. The movies have been madeRead MoreLincoln s Representation Of Lincoln1640 Words   |  7 Pagesof research on how Abraham L incoln has been illustrated in motion pictures. Yet, movies have a dominant clout on how Lincoln’s images has been established in American popular culture. 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He believed. â€Å"those who deny freedom to others deserve it not for themselves.† WhenRead MorePresident Abraham Lincoln : Greatest President Of American History1516 Words   |  7 Pages2014 President Abraham Lincoln: Greatest President in American History President Lincoln said the following about the South in his Inaugural Address, In your hands, my dissatisfied fellow countrymen, and not in mine, is the momentous issue of civil war. The government will not assail you.... You have no oath registered in Heaven to destroy the government, while I shall have the most solemn one to preserve, protect and defend it.(Freidel and Sidey 2006) President Abraham Lincoln is look upon asRead MoreThe Battle Of Gettysburg And The Civil War970 Words   |  4 Pageswords at the Battle of Gettysburg. A two-minute speech that made such an emotional and passionate impact on the men then and future. He created a dramatic tone to empower, motivate, and engage in the new found nation where men were created equal. A purpose of his speech was about the birth of a new nation, but also about the people who fought for their lives to make it happen. Lincoln opens up his speech to the men who not only fought for their lives but the fallen men who gave up their lifeRead MoreEvolution Of Lincoln s Policy On Slavery Essay1573 Words   |  7 PagesStates. Abraham Lincoln was the great man of his generation just as well as he is considered a great man in history today. He made a huge difference that impacts us greatly today still. He is one of the main reasons to why we do not have slavery around anymore, along with some help of other people back then that supported him. Even though, racism still exist today it is not as horrifying and sickening as to how it was before back in the 1800s. 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However, at the time when his country needed him most, a tragic and sudden death strikes him. He is assassinated. He left a legacy that endured due to his unique humane personality as a leader of the union and a liberator of the slaves. His insistence of howRead MoreEssay abou t The Reconstruction Era: The Planted Seeds1231 Words   |  5 Pageswords of Abraham Lincoln cleared the way of a desolate trail of violence and pain, yet he was determined to accomplish his plans of abolishing slavery and creating equality. The Civil War, began in 1861 and ended in 1865, yet it was known as one of the bloodiest wars America has ever walked through compared to other American Wars (â€Å"Civil War Facts†). After the Civil War the Reconstruction Era rose up and flourished into a luminous path of freedom for slaves in America. The president’s impact on the

The Speech The Communication Drought - 1500 Words

Majdi Khader Ms. Bowers Writing 1, Section #25 29 September 2014 The Communication Drought Imagine, walking past a table full of teenagers with no type of conversation or interaction occurring. No verbal conversation involved even though they still text each other while sitting right next to one another. Communication among this generation has taken a completely different turn compared to any other generation. For several people in past generations, communicating with family and friends meant sending letters and cards by mail and usually receiving a letter back for about a week later. They would pick up the cell phone paying for long-distance calls and could only talk to one person at a time. Teenagers passed hand-written notes to their friends in class. For the last decade, technology has changed the way in which people communicate, mainly due to the advent of the Internet. Instead of mailing letters, we are writing e-mails and rather than sending messages through text, we Snapchat. Many people have previously thrown their la ndline phones out the window and exchanged them with applications that can be found on a majority of cell-phones. We are able make free video calls to anybody in the entire world over the Internet by using popular applications such as Skype, Face Time, etc. However, the younger generations have been unable to remember how to correctly spell and write complete sentences because of the amplified use of messaging on trending apps such as Facebook,Show MoreRelatedFranklin D. Roosevelt. During The Great Depression In The1745 Words   |  7 Pagesexample of his effective communication skills occurred in 1932, during his presidential campaign. FDR presented a speech to the Commonwealth Club in San Francisco. The speech addressed FDR’s belief that change was possible. The country had lost hope when the economy collapsed in 1929, but FDR was willing to restore this by positively communicating his ideas. 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General purpose: to inform. Specific purpose: After hearing my speech, my audience will know more what climate change is, what causes it and its effects now and in the future. Thesis Statement: Climate change is a very important issue that affects all of us, we need to know more about this issue. Organization pattern: Cause and effect. Introduction:Read MoreThe Nature Of Science, Agriculture Practices, Fracking And Irrigation Practices2197 Words   |  9 Pagessmall mountains, but because of the mercury that has entered the water, there was danger to crop production, danger to wild life, and danger to humans. Our misuse of technology advancements also plays a part in California’s drought. There are many reasons for this drought: from global warming to groundwater pumping, but this is all being restricted now. Californians are facing mandatory cuts in water use, which is leading to thirsty crops, which are needed for our nations grocery shelves. CaliforniansRead MoreDiscourse Analysis : A Discourse Analyst1802 Words   |  8 Pages Discourse analysis is another method that can be used to analyze topics regarding international relations. This theory uses multiple approaches to analyze any written or oral piece of communication to look for semiotics within. Usually the particularly communication being analyzed is of speeches, communiquà ©s, and press releases which are produced by world leaders and politicians. This analysis looks to find the meaning and significance behind the words being used. What is being said directly?Read MoreDifferent Theories That State The Humans Are Biological And Symbolic Species1555 Words   |  7 Pagescreated it seems that language was present; in order to eloquent these symbolic significances. In another reading, Liberman states that human language as a comparatively recent evolutionary innovation that added two powerful devices, speech and syntax, to older communication systems. (Liberman, Uniquely Human, 1) Liberman mentions that the hominids from the earlier times did not have the structure that humans had. The anatomical differences from a chimpanzee and homo-sapiens, show that it was multifacetedRead MoreThe And Reason For Jared Diamond s Literary Work Guns, Germs, And Steel : The Fates Of1588 Words   |  7 Pagesenabled the Europeans to slaughter the natives without losing many of their men. - Literacy was also a crucial yet overlooked element in the conquest of the New World. Writing became a source of important communication and collection of data for Europeans much more accurate and reliable than speech. Whenever they came across the first Native Americans, they wrote about the behaviors and actions of these unfamiliar people and passed on the information to each other. Therefore, although Pizarro had neverRead MoreAdvertising of Hard Liquor on TV in The United States Essay2437 Words   |  10 Pagesalcoholic beverage not defined as beer or wine. Laws Constitutional The right to advertise is constitutionally protected commercial free speech under the First Amendment. This fact is being upheld in a recent commercial free speech decision by the Supreme Court. The case of 44 Liquormart, Inc. vs. Rhode Island upholds the industrys commercial free speech rights by insuring that beverage alcohol is allowed the same protection under the First Amendment as other legal products and services. InRead MoreThe Effects of Buddhist Teachings Essay2522 Words   |  11 Pagesthe path to enlightenment or someone who is a disciple of the Buddha (Ariyaratne). Wealth is not in itself denounced as wrong, only attachment to wealth and desire for wealth, or wealth gained in ways that go against precepts such as avoiding wrong speech, or taking what is not freely given. Right livelihood, as one of the stages of the eightfold path, involves avoidance of trade in weapons, drugs or human beings, for example. But wealth rightly gained is seen as a reward and giving or being generosityRead MoreEmergency Operations in the United States2357 Words   |  9 Pageshazards, and finally, context hazards. Natural hazards are extreme geophysical and biological events. Earthquakes, volcanic eruptions, landslides, avalanches, storms, tropical cyclones, hurricanes, tornadoes and hail (in old times â€Å"acts of God†). Droughts, floods diseases and wild fires round out â€Å"Natural Hazardsâ₠¬ . Any one of those on a large scale in either impact duration or both could be considered a â€Å"Natural Disaster† Modern news media commonly report on items from the technological hazards list

Reasons for Lack of Development in Laos Free Essays

string(90) " and a number of species of mammal, bird, and plant have been threatened with extinction\." In South East Asia, in the centre of the Southeast Asian peninsula, lies the land-locked country Laos. The country that is now the Lao People†s Democratic Republic (LPDR, or Laos) has a slightly greater land area than Uganda and is bordered by several countries. On the north lies China, on the north-east Vietnam, on the south it is bordered by Cambodia, on the west by Thailand, and on the north-west by Burma. We will write a custom essay sample on Reasons for Lack of Development in Laos or any similar topic only for you Order Now These neighbours have, to varying degrees, influenced Laotian historical, cultural, and political development. The recorded history of Laos began in the fourteenth century with Fa Ngum (reigned 1353-73), the first king of Lan Xang. Prior to this, Laos was inhabited by Mongols. Under Fa Ngum, the territory of Lan Xang was extended and it remained in these approximate borders for another 300 years. In the 1690†³s conflicts arose with Burma, Siam (Thailand), Vietnam, and the Khmer kingdom, and they continued in the eighteenth century ending in Siamese domination. Early in the nineteenth century, Siam held authority over much of the territory of contemporary Laos, which then consisted of the principalities of Louang Phrabang, Vientiane, and Champasak. Siam at the time sought to extend its influence in Indochina since it faced conflicts with France, which then had established a protectorate over Vietnam. By the end of the nineteenth century, France had replaced Siam as the dominant power on the South East Asian peninsula. In 1890, Laos was integrated into the French colonial empire of Indochina as a group of directly ruled provinces, except for Louang Phrabang, which was ruled as a protectorate. The French ruled indirectly through the king of Louang Phrabang and a hierarchy of royal officials, although the French resident supervisor always had the final word. The French in 1946 signed an agreement with the king of Louang Phrabang that established him as king of a unified Laos within the French Union. The French granted internal rule over a united Laos in 1949 and most of the nationalist leaders, who had fled at the time of the French reoccupation, returned to the country. However, Laos remained part of the French union. In 1954, independence was recognised by the Geneva Conference. In the following years the Pathet Lao, a group of pro-Communist nationalists that was aided by North Vietnam, gained strength as a rival to the Royal Lao Government (RLG). Coalition governments in 1957 and 1962 lasted only a very short time, and fighting intensified between the two sides. Meanwhile Laos became increasingly involved in the conflict between the United States and Communist forces (Vietminh) in Vietnam. In 1964, the United States began bombing Laos with the aim of stopping the flow of troops and supplies along the Ho Chi Minh Trail, which ran from North Vietnam through Laos to South Vietnam. The bombing continued for several years and caused immense damage. In 1973 a cease-fire was finally arranged in Laos and the following year a coalition government was formed. In 1975, after the Communist victories in Vietnam and Cambodia, the Pathet Lao took control of government and in December the Lao People†s Democratic Republic was declared. After that the American aid was withdrawn, Laos formed special relationships with the Union of Soviet Socialist Republics (USSR) and Vietnam, which stationed many thousands of troops and advisers in the country. But by 1986 the state of the economy was so poor that the government introduced major reforms, including making the majority of public enterprises independent of state control. One of the government†s aims was to decrease dependence on Vietnam, and in more recent years it has also established better relations with neighbouring Thailand, as well as other countries such as the United States, which has agreed to extend development aid in return for a crackdown on the drug trade. Laos is largely mountainous and forested, and only about 4 percent of its total land area is arable. With about 54 per cent covered with forests, the country is made up of a mountainous area extending north and south throughout most of the country and a small area of lowland on the southern and south-western borders. The mountainous area covers about nine-tenths of the country and can be divided into a northern section and a southern section. The northern section has heavily forested mountain ranges and plateaux cut by deep, narrow valleys and gorges, and the south section contains more barren forested limestone terraces. The principal river of Laos, the Mekong, enters in the north-west from Thailand and flows south along the border between Thailand and Laos before entering Cambodia. The offshoots of the Mekong rise in the mountains and flow through deep valleys. The climate of Laos is tropical, but there are wide variations in temperatures within different areas, mainly because of the variations in elevation. However, the principal climatic features are determined by the monsoons. The wet summer season takes place from about May to October, while the cool season lasts from about November to February. The remainder of the year is hot and humid. Laos has extensive forest resources, and although there has been a considerable deforestation in recent years, about half of the country is still covered with forests. There exists a so-called slash-and-burn agriculture which means that forests are burned in order to create fields for growing crops. The consequence if this is that the soil fails to fertilise, the lands are therefore abandoned and even more trees are cut down in another location. Together with poor forest management, the slash-and-burn methods are the main reasons behind the deforestation. Another negative consequence of the reduced forest resources, together with the changes in cultivation, is the deterioration in Laos† abundant water resources. Less than one-third of the rural population has access to safe drinking water. Recently, Laos has also had great environmental difficulties with its wildlife. About 70 percent of the wildlife habitat was lost during the 1980s, and a number of species of mammal, bird, and plant have been threatened with extinction. You read "Reasons for Lack of Development in Laos" in category "Essay examples" The population as of 1996 was estimated at approximately 4. 9 million people. The population growth rate is relatively high, it is estimated at about 2. 9 percent per year. However, child and infant mortality rates are also high, and life expectancy averages less than fifty-two years. The population density of Laos is quite low, with more than 85 percent of the population being rural, living in small villages of less than 1,000 people. Rural life is dependant of the changing agricultural seasons, such as conditions of drought or flood. Those staying in urban areas mostly live in the Mekong River valley towns and those of its offshoots. Vientiane, the capital and largest city of Laos, is also the centre of a very limited industrial sector. The effects of recent economic reforms have been rather limited and mainly concentrated to the Vientiane plain. There is a great lack of recent statistics of Laos and many of them are not very reliable. Nonetheless, it is safe to say that Laos is one of the poorest countries in the world, with a gross national product (GNP) estimated to range from US$295 to US$350 per inhabitant and a gross domestic product (GDP) of US$206 per capita. The Laotian economy is heavily influenced by the weather since it is mainly based on agriculture, which employs most of the population. The main crop is rice but corn, vegetables, tobacco, coffee, and other foods are also grown. It has been said that Laos has a largely unskilled work force and that it needs development. Advancements such as these are particularly important for two areas with potentially high foreign exchange earnings; agro-forestry and hydropower. Forestry has been a source of economic benefit despite the lack of a modern transportation network. Laos† other many resources include gypsum, tin, gold, and iron ore, but the potential for the exportation of these resources has not yet been realised. However, the government is attempting to expand industrial activities. By far, imports surpass exports. The country has to import manufactured goods, medicine, and machinery. Laos exports electricity from its hydroelectric power stations, wood products, textiles, coffee, and tin, but these commodities are all very limited. Laos is also a major producer of opium. The economy depends heavily on foreign aid which comes mostly from Western nations. Some of the aid that the government receives is used to stop the drug trade. Today the literacy rate of Laos is approximately 57 percent. The education and social services of the country are primitive, although some improvements have been made lately. The LPDR has made a commitment to five years of universal primary education, but limited financial resources and a lack of trained teachers and teaching materials have restricted educational opportunities. Enrolments have increased, however. Western health care is largely restricted to the more â€Å"urban† areas, due to the difficulties of transportation. Similarly, improvements in health care are constrained by finances and the limited numbers of trained health care workers. About 85 per cent of the Lao are Theravada Buddhist and many Lao, especially the highland mountain peoples, practice animism. Buddhism has long been a strong force in Lao culture and remains a major influence in everyday life, despite a Communist government. Even top officials worship in the Buddhist tradition. Each Lao village has its own temple, called a wat, which is the centre of festivities and rituals. The Laotian culture is closely knitted with its religion. Buddhist temples in every village serve as intellectual centres. The life of the Lao peasant is organised around religion, and most activities are directed by the Buddhist calendar. Louang Phrabang and Vientiane are known as â€Å"Cities of a Thousand Temples† and have many examples of traditional Buddhist art and architecture. There are various reasons for the poor economic state and welfare position of Laos. The main reasons are three: political, economical, and geographical. The location of Laos has often made it a buffer between more powerful neighbouring states, as well as a crossroads for trade and communication. Migration and international conflict have contributed to the present ethnic composition of the country and to the geographic distribution of its ethnic groups. On the other hand, this position has also often meant that the country has been a target for conflicts and considerable pressure. Its neighbours, such as Thailand (Siam) and Vietnam, have tried to influence and exploit Laos† weak position for their own interests, which in turn has been of great detriment for the country. As in most other underdeveloped countries, Laos has not had the capacity to exploit successfully its human and natural resources. The educational level of the population has stayed relatively low, and its rich natural wealth has not been developed in an appropriate manner. The weak political leadership has resulted in a mismanagement of the economy and of the potential possibilities of its population. Laos is the only landlocked country in South East Asia, and this naturally faces the country with great problems. Its natural resources are mostly unexploited or unsurveyed. Because of its mountainous topography, Laos has few reliable transportation routes. This inaccessibility has historically limited the ability of any government to maintain a presence in areas distant from the national or provincial capitals. It has also limited interchange and communication among villages and ethnic groups. The Mekong and Nam Ou rivers are the only natural channels suitable for large-draft boat transportation; furthermore, from December through May low water limits the size of the craft that may be used over many routes. The Khong falls at the southern end of the country also prevent access to the sea. Despite all the negative aspects of the Laotian political and economical environment that has been described above, many experts predict a relatively happy future for the country in the longer perspective. The country is today in peace and harmony, at least in comparison with the conditions ten or twenty years ago. There is no open threat from its neighbours, and no open rebellion from forces within the nation. The expectations from the donors community have grown, and many observers have great hopes that the economic development will go for the better in the coming years, partly as a consequence of the for relaxed conditions in Laos. How to cite Reasons for Lack of Development in Laos, Essay examples

Henry Ford is a genius 1211 words Essay Example For Students

Henry Ford is a genius 1211 words Essay Henry Ford was a genius in many aspects of our everyday life. He changed industry, production, and everybodys lifestyle. Many people know about him inventing some of the first automobiles, but what came out of it for America was a new encouragement for technology and an easier lifestyle for the average American. Also Henry Ford has changed the perspective of industries around the world. His invention of the assembly line and his five-dollar a day wage for the average worker brought about a total new change in factories. Fords style and ingenuity helped America to be more prosperous and created a large amount of opulence for America in the early 1900s, all because of one mans creativity and determination to achieve a dream that would help out the common man and the entire world. Henry Ford was born on July 30, 1863, on a farm a few miles from Detroit. As a boy Henry was very creative and liked to work with tools. However, he hated doing chores and he always wanted to make things easier to do in life. This would be Henrys motto in life,always wanted to make things easier to do in life, at home or work. Ford was so creative that in 1893, he built his first engine and in 1896, he completed what he called the quadricycle, which ran for several years and sold it for $200. Ford had his second car finished in 1898 which was lighter and stronger than most cars around then. Soon enough many automobile companies were looking for somebody like Ford to help get their company going. However, Ford would go into automobile racing and then build his own car company. Fords years in automobile racing was his way to improve the car and a chance to test it under competition. Soon though, he would get out of racing by a tough minded and ambitious James Couzens, who developed plans for a car company. Couzens was able to start out the company with $28,000 in cash, and $21,000 in notes. The Ford Motor Company came out with the model A, the model B, and the model K in their beginning years. However, most of these cars were too expensive for the common man. So Ford decided that he would make a car that was affordable to the ordinary worker. For a few years, Ford and his technicians began building their next and most important car in history. In 1908, Ford brought out for the first time the Model T. It was an ugly car, seven feet high with false doors and a crank. Even though it was ugly and simple, it was modern and affordable. Actually, it was ahead of its time. The car could generate its own electricity for ignition and it had a planetary transmission which allowed women and children to drive it. It was easy to operate and had the most efficient gasoline gauge of its time. The greatest thing that came out from the Model T, was its influence in all of America. Since the Model T was the first affordable car, which reached a low of only $260 in 1925, it allowed the average American to own a car now. One thing the Model T helped in was the improvement of the roads. With more people out on the roads, many roads were now being paved, and highways and bridges were being built for cars. Also farmers saw the Model T effective, soon the rural population was brought into the mainstream of technology. It was such a popular car, that over fifteen million were sold all over the world. However, the most important thing the Model T did, was its impact on connecting the people of America. .u42dce79f050530eb542fcb8b0019e9c4 , .u42dce79f050530eb542fcb8b0019e9c4 .postImageUrl , .u42dce79f050530eb542fcb8b0019e9c4 .centered-text-area { min-height: 80px; position: relative; } .u42dce79f050530eb542fcb8b0019e9c4 , .u42dce79f050530eb542fcb8b0019e9c4:hover , .u42dce79f050530eb542fcb8b0019e9c4:visited , .u42dce79f050530eb542fcb8b0019e9c4:active { border:0!important; } .u42dce79f050530eb542fcb8b0019e9c4 .clearfix:after { content: ""; display: table; clear: both; } .u42dce79f050530eb542fcb8b0019e9c4 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u42dce79f050530eb542fcb8b0019e9c4:active , .u42dce79f050530eb542fcb8b0019e9c4:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u42dce79f050530eb542fcb8b0019e9c4 .centered-text-area { width: 100%; position: relative ; } .u42dce79f050530eb542fcb8b0019e9c4 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u42dce79f050530eb542fcb8b0019e9c4 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u42dce79f050530eb542fcb8b0019e9c4 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u42dce79f050530eb542fcb8b0019e9c4:hover .ctaButton { background-color: #34495E!important; } .u42dce79f050530eb542fcb8b0019e9c4 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u42dce79f050530eb542fcb8b0019e9c4 .u42dce79f050530eb542fcb8b0019e9c4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u42dce79f050530eb542fcb8b0019e9c4:after { content: ""; display: block; clear: both; } READ: The Starbucks Experience EssayBridges, roads, and highways were starting to be built for automobiles. Women were starting to leave the house now more because the Model T was easy to drive. Families could now go on trips and see America. Access to places was easier now, which led to the building of more stores, restaurants, and companies. This car was such a great impact, that the lifestyle we know today was created a lot by one automobile. The Model T, was the most affordable car of its time, but how Ford was able to make it so affordable was by his production ingenuity. The one greatest invention in industry is the assembly line. Henry Ford had a theory that if cars were manufactured all alike, they could be turned out in larger numbers at a lesser cost. That is why the Model T came only in black and they were all built the same way. Ford had the whole thing figured out. If they produced cars more inexpensively this would make them available to other people, which would lead to more cars bought. This would require better roads and create more customers which would lead to more cars bought and more reduced prices for cars. However, Ford had to figure out a way to produce cars more inexpensively and quickly. Ford decided to install the moving belt. This allowed more than one man to try to put together a part for the car. As the belt moved along one man would have a certain job to do for that part, then it would move on to the next person. For example, the magneto would take one man twenty minutes to assemble it, but with the moving belt the process took only five minutes. Their first attempt to assemble an entire car by the assembly line was done by putting the frame on skids and pulling it from one of the building by a rope. As the frame moved along a group of workers walked by installing parts into the frame. Soon the number of man hours was reduced from 15 1/2 to 1 /2 hours. This fascinating process in industry led to the affordability of the Model T and the process in almost every industry, to produce their products quicker and easier. Fords ingenuity in industry was greater than just his inventions, but also his business-type approach to the workers. Ford knew that in 1913, there was growing tension from the 13,000 employees at Detroit. Ford figured out a way to win their affection, he would buy it. On January 5, 1914, Ford announced his five-dollar a day wage for the workers, also he reduced the workday to eight hours. The average worker then in the U.S. made less than two-dollars a day. Many big industrialists thought he was dangerous and crazy. The publisher of the New York Times said Hes crazy, isnt he? Dont you think hes crazy? Ford argued that good pay makes good workers, and well paid workers could buy more cars. Soon millions of men poured into Detroit to try to get a job. Ford had the most effective way to keep his workers happy and still keep his company prosperous. He showed many industries how to run their company in a new style without losing any profits and the ability of increasing production also. Henry Ford was one of the most creative and determined people in the world. He had an attraction for the common people, to make their life easier and more simple. Ford did all this by the invention of the Model T. Even tough, this was not the first car, this was the first affordable car. Also, without the assembly line and the five-dollar a day wage, the affordability of the Model T would not be accomplished. Many of Fords great accomplishments had changed the whole entire lifestyle of America and made it into what we know today.