Niccolo Machiavelli: About Liberal Countries

Italian philosopher Niccolo Machiavelli in Chapter V of his writing speculates upon political backgrounds of governing the empires and expresses his opinion about the most effective way to rule such parts of the empire, which previously were living under own system of laws and regulations. In Machiavelli’s opinion, the best political strategy to govern such principalities or cities would be establishing the system of strict control of the ruler and making new colonies obey the laws which were already existing in the empire. In case if by some reason it is impossible to hold the new colonies in bondage, the best and the safest way, according to Machiavelli, would be destroying such former liberal regions. He supports this idea with a number of specific historical examples that illustrate the truthfulness of his hypothesis. Ancient city of Sparta gained control of several colonies, including the cities of Thebes and Athens, but could not dominate there for some long period of time and eventually lost these cities, because the old order and laws were not abolished. However, the Roman Empire was following another tactic: in such colonies of the Romans as Numantia, Capua and Carthage the old system of laws and social order were dismantled and new regions were totally placed under the command of the Emperor. That is how the Romans succeeded in keeping those colonies under control for centuries. According to Machiavelli, this phenomenon can be explained by the necessity to suppress liberal thoughts and love to freedom of newly acquired colonies, because otherwise the spirit of liberty will cause the attempts to obtain independence or revenge. The philosopher also points on some advantages and benefits of being governed by some ruler for the colonies. First of all, the experienced head of the empire can establish political and economic order in a colony much easier and more effectively. Besides, the ruler can provide higher national security and protect the nation from possible civil misunderstandings, rebellions or military attacks, and so on.

Black Friday

Marketing strategies, paired with consumers’ need to locate the best deals on Christmas gifts has led to Black Friday being celebrated as a consumption ritual comparable in importance to Thanksgiving Day. (Thomas and Peters, 2011) How has Black Friday become the largest retail sales day of the year? What is it that drives people to artificially induced hyper consumption, almost like an annual ritual? Many scientist and psychologists have many different theories and conclusions of why Black Friday has become the biggest shopping day of the year. In this paper, I will take your through the research and conclusions that many psychologists have produced and the advantages and disadvantages of Black Friday. Dr. Stephanie Sarkis, Ph. D. explored the work of Jane Boyd Thomas and Cara Peters, professors at South Carolina’s Winthrop University, who spent two years in research trying to find common traits in Black Friday shoppers. They conducted thirty-eight extensive interviews with â€Å"experienced† Black Friday shoppers and found four recurring themes: 1. Familial bonding (multiple generations and close friends) 2. Strategic planning . The great race 4. Mission accomplished But how do the four themes they came up with relate to one another? Thomas and Peters figured that all the traits when analyzed together showed one commonality. They wrote, â€Å"the traits are coalesced around a military metaphor, and is a bonding activity Shoppers prepare for the ritual by scanning Black Friday ads, and they map out their stra tegy. † (Sarkis 2011) In essence, the family is a type of team that scans adds, plans their route and potential purchases, executes their plans by buying products, and rejoices in their accomplishments. When all of these traits are analyzed individually, they mean little to main the main outcome, bonding. But when all the traits are looked at collectively, they all contribute to the overall success and goal of bonding. Besides giving us a breakdown of bonding activities, the analysis also shows how the average consumer plan for Black Friday. Just as Sarkis found themes that make up this military metaphor, Byun, professor of consumer affairs at Auburn University came up with her own theory on why people react the way they do on Black Friday. Crowds create a sense of competition — such as when hundreds of shoppers are rushing to collect marked-down goods — they generate a different feeling entirely. Competition creates what’s called hedonic shopping value, or a sense of enjoyment from the mere process of buying goods. At certain levels, consumers enjoy arousal and challenges during the shopping process. † (Khazan 2011) In essence what Byun is saying is consu mers get more enjoyment because the crowds create an obstacle, which hinders the execution of the plans and preparations made. The crowds make getting what they want harder, which creates more value for the goods purchased. Just as Byun noted that crowds contribute to the Black Friday Craze, Kelly McGonigal, Ph. D. describes another factors that plays a big part in the â€Å"Black Friday frenzy†. Retailers, she notes, use innovative designs to lure customers into their stores and keep them there. McGonigal says â€Å"time pressure sales on limited products or scarce resources† triggers a negative physiological affect on the consumer. Scarcity for a certain commodity creates a sense of urgency to act now, a natural instinct to survive. This survival instinct can be related to hunting for some people. Black Friday is â€Å"hunting for women,† said Leisa Reinecke Flynn, professor of marketing and fashion merchandising at the University of Southern Mississippi. â€Å"It’s so much like deer hunting it’s hard to tell the two apart. † (Khazan 2011) Unfortunately, shopping on Black Friday is not motivated by survival instincts or a life in death situation. This paradox stimulates unusual behavior in consumers that creates disadvantages and potential dangers for those that are not necessarily into the hunt. The concept of Black Friday creates a â€Å"perfect storm† for consumer misbehavior. Misbehavior, as defined by Lennon, Johnson, and Lee is, â€Å"acts that violate accepted norms of conduct in consumption contexts. † (Lennon, Johnson, Lee, 2011) This compulsive behavior, or compulsive consumption, feeds off of the idea of scarcity. It induces people to act inappropriately harming others and often themselves. â€Å"For many, if not most compulsive purchasers, buying is a reaction to stress or unpleasant situations. Compulsive consumption is a type of consumer behavior which is inappropriate, typically excessive, and clearly disruptive to the lives of other individuals. (Ronald, Thomas, and Raymond 1987) Both hunting and shopping hinge on long-standing traditions and generally involve pursuing a goal as a group. Whether the group actually hits its target is secondary to the fun of the chase. Hunting and shopping as shown above are very closely linked and motivated by the idea of scarcity. Just like there are limited deer in the forest, there are limited goods in the stores. The result is paradoxical in nature. People are fraudulently deceived into acting compulsively. (Herpen, Pieters and Zeelenberg 2005) Just as Ronald, Thomas, and Raymond concluded that compulsive behavior negatively affects the lives of others, Peter McGraw, Ph. D. drew a similar connection. He focuses more on social trends and pressures being the root of the problem. In The Link between Thanksgiving Gluttony and Black Friday Insanity, McGraw makes a connection between Black Friday shopping and Thanksgiving Dinner. He explores the idea that once a year, people will consume more calories in one meal, than the average person consumes on a normal day. The next day they wake up, or sometimes not sleeping at all, and go shopping for hours on end. (McGraw and Warner 2011) Dr. McGraw’s research shows us that in a short period of forty eights hour there is over consumption of food on Thanksgiving and the hyper consumption or shopping on Black Friday. McGraw believes that the cause of this phenomenon is social influence and pressure. He writes, â€Å"One of the hallmarks of psychological science is that we are influenced by the actions of others—often more so than we’d like to admit. Sometimes we’re impelled to take positive actions, such as switching to reusable bags or cutting down on littering. Other times, social influence can be quite negative. When it comes to Thanksgiving and Black Friday, unfortunately, the influences skew more toward bad than good. † (McGraw and Warner 2011) In other words McGraw places responsibility of hyper consumption on social trends, pressures, and even perhaps familial rituals for the ever-popular Black Friday. Another concept of Black Friday is one of mutual benefit for both consumer and retailer. Consumers’ benefit from large discounts on all sorts of items including clothing, electronics, furniture, and literally any other commodity available on the market. Retailers’ benefit by getting out of the red zone, finally making a profit for the fiscal year. The opportunities available on Black Friday is what drove 212 million shoppers to stores during Black Friday weekend in 2011. (Wilson, 2010) Retailers experience surging sales during Black Friday and the days that follow. This monetary benefit is what drives their extensive promotion and deal offerings, further influencing the consumer’s willingness to partake in the shopping frenzy. In a society where a corporation or business’s main purpose is to grow profits for the benefit of its shareholders, a company’s number one purpose is to increase sales, in order to increase profits. According to a New York Times article written by Adam Davidson, approximately one fifth of retailer’s total annual sales are made during the holiday shopping season. (Davidson, 2011) In conclusion, we can see that shopping on Black Friday brings people together in one way or another. For some, it brings people together in a positive way. Families and friends are able to work as a team who plan, prepare and execute their plans to achieve their goals. For others, Black Friday shoppers experience the negative affects of other people’s behavior. There are also advantages and disadvantages for both the consumer and retailer. Consumers get amazingly cheap prices on products while retailers experience a massive surge in sales. However one may look at Black Friday, it is a day that cannot be ignored. It’s influence and popularity are ever growing and expanding. Reference Page Davidson, Adam. The Black Friday Effect: Let’s Stimulate the Economy with Inflation. † The New York Times, 16 Nov. 2011. Web. 30 Oct. 2012. Herpen, Erica van, Rik Pieters, and Marcel Zeelenberg (2005) ,†How Product Scarcity Impacts on Choice: Snob and Bandwagon Effects†, in Advances in Consumer Research Volume 32, eds. Geeta Menon and Akshay R. Rao, Advances in Consumer Research Volume 32 : Association for Consumer Research, Pages: 623-624. Faber, J. Ronald, O’Guinn, C Thomas, and Krych, Raymond. (1987) â€Å"Compulsive Consumption†, in Advances in Consumer Research Volume 14, eds. Melanie Wallendorf and Paul Anderson, Advances in Consumer Research Volume 14: Association for Sonsumer Research, Pages: 132-135. McGonigal, Kelly, Ph. D. â€Å"The Science of Willpower. † Comments on â€Å"Black Friday Shopping: How Stores Use Psychology to Fill Your Cart† N. p. , 19 Nov. 2010. Web. 30 Oct. 2012. . McGraw, Peter, Ph. D. , and Warner, Joel. â€Å"The Humor Code. † The Link between Thanksgiving Gluttony and Black Friday Insanity. N. p. , 21 Nov. 2011. Web. 30 Oct. 2012. . Ridgwar, Nicole, â€Å"Black Friday Sales Hit Record. † CNNMoney. Cable News Netwrok, 26 Nov. 2011. Web. 30 Oct. 2012. Sarkis, Stephanie, Ph. D. â€Å"Here, There, and Everywhere. † Black Friday: A Collective Consumption Ritual. N. p. , 20 Nov. 2011. Web. 30 Oct. 2012. . Thomas, Jane Boyd, and Peters, Cara. (2011) â€Å"An exploratory investigation of Black Friday consumption rituals†, International Journal of Retail Distribution Management, Vol. 39 Iss: 7, pp. 522 – 537 Wallendorf, M. , Arnould, E. â€Å"We gather together: consumption rituals of Thanksgiving Day†, in Journal of Consumer Research, (1991) Vol. 18 No. 1, pp. 13-31. Wilson, April. â€Å"By the Numbers: Black Friday Shoppers and Their Impact on the Economy. † The Luckie ReTink Tank. 23 Nov. 2011. Web. 30 Oct 2012. . Black Friday Marketing strategies, paired with consumers’ need to locate the best deals on Christmas gifts has led to Black Friday being celebrated as a consumption ritual comparable in importance to Thanksgiving Day. (Thomas and Peters, 2011) How has Black Friday become the largest retail sales day of the year? What is it that drives people to artificially induced hyper consumption, almost like an annual ritual? Many scientist and psychologists have many different theories and conclusions of why Black Friday has become the biggest shopping day of the year. In this paper, I will take your through the research and conclusions that many psychologists have produced and the advantages and disadvantages of Black Friday. Dr. Stephanie Sarkis, Ph. D. explored the work of Jane Boyd Thomas and Cara Peters, professors at South Carolina’s Winthrop University, who spent two years in research trying to find common traits in Black Friday shoppers. They conducted thirty-eight extensive interviews with â€Å"experienced† Black Friday shoppers and found four recurring themes: 1. Familial bonding (multiple generations and close friends) 2. Strategic planning . The great race 4. Mission accomplished But how do the four themes they came up with relate to one another? Thomas and Peters figured that all the traits when analyzed together showed one commonality. They wrote, â€Å"the traits are coalesced around a military metaphor, and is a bonding activity Shoppers prepare for the ritual by scanning Black Friday ads, and they map out their stra tegy. † (Sarkis 2011) In essence, the family is a type of team that scans adds, plans their route and potential purchases, executes their plans by buying products, and rejoices in their accomplishments. When all of these traits are analyzed individually, they mean little to main the main outcome, bonding. But when all the traits are looked at collectively, they all contribute to the overall success and goal of bonding. Besides giving us a breakdown of bonding activities, the analysis also shows how the average consumer plan for Black Friday. Just as Sarkis found themes that make up this military metaphor, Byun, professor of consumer affairs at Auburn University came up with her own theory on why people react the way they do on Black Friday. Crowds create a sense of competition — such as when hundreds of shoppers are rushing to collect marked-down goods — they generate a different feeling entirely. Competition creates what’s called hedonic shopping value, or a sense of enjoyment from the mere process of buying goods. At certain levels, consumers enjoy arousal and challenges during the shopping process. † (Khazan 2011) In essence what Byun is saying is consu mers get more enjoyment because the crowds create an obstacle, which hinders the execution of the plans and preparations made. The crowds make getting what they want harder, which creates more value for the goods purchased. Just as Byun noted that crowds contribute to the Black Friday Craze, Kelly McGonigal, Ph. D. describes another factors that plays a big part in the â€Å"Black Friday frenzy†. Retailers, she notes, use innovative designs to lure customers into their stores and keep them there. McGonigal says â€Å"time pressure sales on limited products or scarce resources† triggers a negative physiological affect on the consumer. Scarcity for a certain commodity creates a sense of urgency to act now, a natural instinct to survive. This survival instinct can be related to hunting for some people. Black Friday is â€Å"hunting for women,† said Leisa Reinecke Flynn, professor of marketing and fashion merchandising at the University of Southern Mississippi. â€Å"It’s so much like deer hunting it’s hard to tell the two apart. † (Khazan 2011) Unfortunately, shopping on Black Friday is not motivated by survival instincts or a life in death situation. This paradox stimulates unusual behavior in consumers that creates disadvantages and potential dangers for those that are not necessarily into the hunt. The concept of Black Friday creates a â€Å"perfect storm† for consumer misbehavior. Misbehavior, as defined by Lennon, Johnson, and Lee is, â€Å"acts that violate accepted norms of conduct in consumption contexts. † (Lennon, Johnson, Lee, 2011) This compulsive behavior, or compulsive consumption, feeds off of the idea of scarcity. It induces people to act inappropriately harming others and often themselves. â€Å"For many, if not most compulsive purchasers, buying is a reaction to stress or unpleasant situations. Compulsive consumption is a type of consumer behavior which is inappropriate, typically excessive, and clearly disruptive to the lives of other individuals. (Ronald, Thomas, and Raymond 1987) Both hunting and shopping hinge on long-standing traditions and generally involve pursuing a goal as a group. Whether the group actually hits its target is secondary to the fun of the chase. Hunting and shopping as shown above are very closely linked and motivated by the idea of scarcity. Just like there are limited deer in the forest, there are limited goods in the stores. The result is paradoxical in nature. People are fraudulently deceived into acting compulsively. (Herpen, Pieters and Zeelenberg 2005) Just as Ronald, Thomas, and Raymond concluded that compulsive behavior negatively affects the lives of others, Peter McGraw, Ph. D. drew a similar connection. He focuses more on social trends and pressures being the root of the problem. In The Link between Thanksgiving Gluttony and Black Friday Insanity, McGraw makes a connection between Black Friday shopping and Thanksgiving Dinner. He explores the idea that once a year, people will consume more calories in one meal, than the average person consumes on a normal day. The next day they wake up, or sometimes not sleeping at all, and go shopping for hours on end. (McGraw and Warner 2011) Dr. McGraw’s research shows us that in a short period of forty eights hour there is over consumption of food on Thanksgiving and the hyper consumption or shopping on Black Friday. McGraw believes that the cause of this phenomenon is social influence and pressure. He writes, â€Å"One of the hallmarks of psychological science is that we are influenced by the actions of others—often more so than we’d like to admit. Sometimes we’re impelled to take positive actions, such as switching to reusable bags or cutting down on littering. Other times, social influence can be quite negative. When it comes to Thanksgiving and Black Friday, unfortunately, the influences skew more toward bad than good. † (McGraw and Warner 2011) In other words McGraw places responsibility of hyper consumption on social trends, pressures, and even perhaps familial rituals for the ever-popular Black Friday. Another concept of Black Friday is one of mutual benefit for both consumer and retailer. Consumers’ benefit from large discounts on all sorts of items including clothing, electronics, furniture, and literally any other commodity available on the market. Retailers’ benefit by getting out of the red zone, finally making a profit for the fiscal year. The opportunities available on Black Friday is what drove 212 million shoppers to stores during Black Friday weekend in 2011. (Wilson, 2010) Retailers experience surging sales during Black Friday and the days that follow. This monetary benefit is what drives their extensive promotion and deal offerings, further influencing the consumer’s willingness to partake in the shopping frenzy. In a society where a corporation or business’s main purpose is to grow profits for the benefit of its shareholders, a company’s number one purpose is to increase sales, in order to increase profits. According to a New York Times article written by Adam Davidson, approximately one fifth of retailer’s total annual sales are made during the holiday shopping season. (Davidson, 2011) In conclusion, we can see that shopping on Black Friday brings people together in one way or another. For some, it brings people together in a positive way. Families and friends are able to work as a team who plan, prepare and execute their plans to achieve their goals. For others, Black Friday shoppers experience the negative affects of other people’s behavior. There are also advantages and disadvantages for both the consumer and retailer. Consumers get amazingly cheap prices on products while retailers experience a massive surge in sales. However one may look at Black Friday, it is a day that cannot be ignored. It’s influence and popularity are ever growing and expanding. Reference Page Davidson, Adam. The Black Friday Effect: Let’s Stimulate the Economy with Inflation. † The New York Times, 16 Nov. 2011. Web. 30 Oct. 2012. Herpen, Erica van, Rik Pieters, and Marcel Zeelenberg (2005) ,†How Product Scarcity Impacts on Choice: Snob and Bandwagon Effects†, in Advances in Consumer Research Volume 32, eds. Geeta Menon and Akshay R. Rao, Advances in Consumer Research Volume 32 : Association for Consumer Research, Pages: 623-624. Faber, J. Ronald, O’Guinn, C Thomas, and Krych, Raymond. (1987) â€Å"Compulsive Consumption†, in Advances in Consumer Research Volume 14, eds. Melanie Wallendorf and Paul Anderson, Advances in Consumer Research Volume 14: Association for Sonsumer Research, Pages: 132-135. McGonigal, Kelly, Ph. D. â€Å"The Science of Willpower. † Comments on â€Å"Black Friday Shopping: How Stores Use Psychology to Fill Your Cart† N. p. , 19 Nov. 2010. Web. 30 Oct. 2012. . McGraw, Peter, Ph. D. , and Warner, Joel. â€Å"The Humor Code. † The Link between Thanksgiving Gluttony and Black Friday Insanity. N. p. , 21 Nov. 2011. Web. 30 Oct. 2012. . Ridgwar, Nicole, â€Å"Black Friday Sales Hit Record. † CNNMoney. Cable News Netwrok, 26 Nov. 2011. Web. 30 Oct. 2012. Sarkis, Stephanie, Ph. D. â€Å"Here, There, and Everywhere. † Black Friday: A Collective Consumption Ritual. N. p. , 20 Nov. 2011. Web. 30 Oct. 2012. . Thomas, Jane Boyd, and Peters, Cara. (2011) â€Å"An exploratory investigation of Black Friday consumption rituals†, International Journal of Retail Distribution Management, Vol. 39 Iss: 7, pp. 522 – 537 Wallendorf, M. , Arnould, E. â€Å"We gather together: consumption rituals of Thanksgiving Day†, in Journal of Consumer Research, (1991) Vol. 18 No. 1, pp. 13-31. Wilson, April. â€Å"By the Numbers: Black Friday Shoppers and Their Impact on the Economy. † The Luckie ReTink Tank. 23 Nov. 2011. Web. 30 Oct 2012. . Black Friday

Financial Planning Term Paper Example | Topics and Well Written Essays - 1250 words

Financial Planning - Term Paper Example Under the traditional forecasting the fixed assets are increased as a percentage of sales. This cannot be entirely justified. It is possible that the fixed assets owned by the firm are sufficient in supporting the projected sales level i.e. if the company may have an excess capacity. In such cases the amount of fixed assets will not vary with the sales level rather it remains unchanged. The other expenses like cost of material, any other direct expense like wages etc are likely to increase as a proportion of sales only. Similarly, spontaneous liabilities like accrued expenses and accounts payable are a form of current liabilities that can be reasonably expected to vary as per the sales level. Therefore, for these items the forecast made on the basis of sales appears to be justified. The other types of liabilities like long term debt, notes payable, paid-in capital and common stock cannot be assumed to fluctuate with the sales level. The amount of retained earnings can be assumed to b e based on the net profit margin minus any planned dividend. Hence it can be said that all the items cannot be anticipated to vary with the level of sales. Even though some items of the financial statements like accounts payable can be reasonable assumed to vary with sales others like fixed assets cannot be anticipated to vary with sales as there is a possibility of a firm having unused capacity which can take care of the forecasted sales rise (Keown, p.108). 2) a. In case of rapidly rising sales the firm’s cash position may or may not increase. In case of most of the rise being in the form of cash sales then the cash position will increase, however, if the same is in the form of credit sales then the cash position may not immediately increase. b. A delay in payable payment will increase the cash position of the business. c. A more liberal credit policy will decrease the cash position as this would mean ‘extended credit period’ thereby blocking the fund in sales for long periods of time. d. Holding of large inventory is likely to reduce the cash position as the company may not be able to use entire amount of inventory in its production activities. Due to this the conversion of inventory into sales will take time with an immediate impact of reduced cash position. However an exception to this will be if the company is able to procure inventory on credit. e. A rise in the depreciation on fixed assets will not have any impact on the cash position. This is because depreciation does not involve any actual cash outflow for the business. f. Retention of higher percent of earnings would mean less cash dividend outflow. This is likely to increase the cash position of the business. 3) The recent financial crisis originated in USA and gradually spread across the worldwide financial markets. This squeezed the ‘credit’ as the financial institutions across the globe became wary of lending. The crisis had its roots in the ‘housing bubble ’ when the housing prices were booming in the domestic market in US. Induced by the increased demand for housing loans a number of derivative products like securitization, credit default swaps were issued. Buoyed by the low rate of interest and poor credit appraisal even the sub-prime borrowers were given loans. All was fine but once the rate of interest started rising these borrowers started defaulting. The market participants panicked with the fall of the financial giants

Recycling Plastic Assignment Example | Topics and Well Written Essays - 1000 words

Recycling Plastic - Assignment Example may not have been recycled as much can be attributed to the lack of specialized containers for plastics being insisted upon like there are special containers for glass bottles or even metallic bottles. The presence of such bins would act as a reminder to people to separate the plastics from the rest of the trash hence making not only recycling possible but increasing the number of plastics being recycled in the country (Kreiger, et al 2011). The other reason based on research that plastics are not recycled as much is because there are different types of plastics making it hard for people to know which plastics are supposed to be recycled or are able to be recycled and which ones cannot (Esterl, 2011). An example is having destroyed electronic equipment like a mobile phone that needs to be discarded, and then there are empty juice containers and water bottles as well as empty containers previously holding hair or body lotion and oils and plastics cutlery. All these are different types of plastics and people get confused as to what to put aside as plastic. They therefore end up throwing away some other types of plastics such as the electronic gadgets and hence this continues to reduce the amount of plastics being recycled. Talks by Mike Biddle have revealed that it is possible to recycle all types of plastics and hence people should not fear about sorting out their plastic trash and separating it. Anything that is made from plastic should be completely separated from the trash and when it reaches the recycling plant, the experts can be able to sort them out and follow Biddle’s 30 processes to extract the plastic and eliminate the impurities (Biddle, 2011). This revelation should act to increase the amount of plastics being recycled and reduce the amount being wasted for lack of knowledge. Research by Viscusi, Huber & Bell, (2012) reveals that in order to also increase the amount of plastics to be recycled, each home should be encouraged to have separate trash

Law for Business Assignment Example | Topics and Well Written Essays - 2000 words - 1

Law for Business - Assignment Example nless he is, in fact, specially authorized by the other partners; but this section does not affect any personal liability which may arise against any other partner who has so conducted himself as to give reasonable ground to the party dealing with the partner first mentioned for believing him to be so authorized1.There are rights that the third party has and enable the party to enforce agreements against the firm. The enforcement of a term by the third party is when the terms of the contract provides that the party is subjected to subsection and the term that is given by the firm significances to discuss a benefit that the party will obtain. Any claim that can be made by the third parties may not be well defended by the partnership since not all the partners were involved. The subjection that the third party is able to get may not apply when if on a proper coming to an agreement appears that the parties that were involved did not have the intention to have the term being enforceable by the law 2. In the enforcements that are made, the third party must be well identified by the partners in the contract with fine details including name and as a member of a given class or as answering a given description3. There is no need of the person to be in existence when the agreement of the purchases is entered into. The laws of third party involvement in a contract need the subject to be subjected to and also do it according to other relevant terms of the contract. In contracts that Steve involved in, there was no consideration of other terms of partnership that they were in. in exercising rights of enforcement by a third party, there is availability to the third party remedy that would be available to him if there was breach in the contract that was entered to if the third party was already part of the contract. The other rules that apply to the third party are with rules that relate to damages, specific performance and injunctions. There are terms of contracts that restrict

With specific reference to the UK economy over the past 20 years, Essay

With specific reference to the UK economy over the past 20 years, critically discuss the relative advantages and disadvantages of operating a floating exchange rate regime - Essay Example In a floating exchange rate system, the market forces determine the value of the currency; that is, by the interactions of several of banks, firms and other institutions seeking to sell and buy currency for the purposes of clearing transactions, arbitrage, hedging, and speculation. In October 1990, the UK joined the European Exchange Rate Mechanism (ERM), where the Sterling Pound was fixed against other currencies. In September 1992, UK left the ERM when the pound experienced sustained selling pressure, and the monetary authorities could no longer justify extremely high interest rates to maintain the value of the pound, when the domestic economy was under a deep recession. Since 1992, UK has adopted a flexible exchange rate system; there is no official intervention by the Bank of England to the currency markets to attain the desired level of exchange rate (Roderick & Paul 2004, p.143). The following are the key arguments in favor of a flexible exchange rate. First, reduced necessity for currency reserves; there is no target for an exchange rate level meaning there is little necessity for the Bank of England to hold large scale reserves of foreign currency and gold to use in possible official intervention, in the currency markets. However, in the real world, for example, in UK, the government always has some currency reserves, in case of balance of payments crisis, or the sentiment that the Sterling Pound is getting a bit too low or too high (Karl 2010, p.182). Second, useful tool of macroeconomic adjustment; a floating exchange rate may act as a useful instrument of macroeconomic adjustment. For example, depreciation of the currency should provide a boost in demand of net exports and thereby stimulate growth. This assumes that the higher wage claims or export prices do not dissolve the achievements from a low exchange rate as noted

Nursing research Essay Example | Topics and Well Written Essays - 1250 words

Nursing research - Essay Example In effect, the outcome was inappropriate positioning of the baby and the failure to ensure proper latch-on during breastfeeding. Hence, this contributed to discomfort in babies and mothers, which eventually led to inappropriate breastfeeding tendencies in mothers. In addition, it is crucial to point out that research studies pointed out that some mothers stopped breastfeeding their babies even before attaining the mandatory six months age. In effect, this program is essential in ensuring that the mothers breastfed their babies even after they attained the mandatory six months. Based on the foregoing, the outcomes of this program are: Proper latch-on technique for mothers who are breastfeeding their babies Effective positioning of the baby during breastfeeding in order to ensure that the mother and the child did not suffer from any discomfort Breastfeeding for a period not less than six months in order to ensure the breastfeeding tendencies were appropriate Outcome Measures and Target Description of the Target Effective Latch-on Outcome Measure The nurses in the facility did not know the appropriate latch-on technique. On the other hand, the healthcare facility will ensure that mothers developed the appropriate latch-on techniques during the process of breastfeeding. ... Baseline Data During the implementation stage of this program, 2 out of 10 nurses did not know the right approaches to latch-on babies during breastfeeding. Hence, the facility aims to achieve 100% effective latch-on technique among nurses in order to ensure a successful implementation. In the implementation stage, 15% of mothers who attended prenatal care were aware of the efficient latch-on technique. Hence, the program seeks to ensure that there was a 100% awareness of the effective latch-on technique used during breastfeeding. On the other hand, only 40% of antenatal mothers knew of the effective latch-on technique. In effect, the facility seeks to achieve 100% knowledge of the effective technique. Description of the Target Effective Positioning Outcome Measure The appropriate outcome measure in this case is effective position of the mother and the child during breastfeeding. In line with this, it is important to point out that only 50% of the nurses are aware of the effective po sition of the baby during breastfeeding. Hence, all nurses should be aware of the appropriate position in order for them to transfer the same to the mothers. Pregnant mothers should devise the appropriate posture and position during breastfeeding in order to ensure that there was no discomfort on the baby and the mother. Baseline Data Fifty-percent of the nurses should gain the skills and knowledge required for correct positioning of the mother during breastfeeding. More than 70% of the mothers attending prenatal care thought that breastfeeding did not require any correct or appropriate position. Thirty two percent of afterbirth mothers did not use the right position during breastfeeding and