...Summary: The Aluminum Company of America (Alcoa) had a very strong value based- culture. Every decision and every action an employee made must be aligned with the company’s values. Fred Fetterolf the president of the company in 1985, decided the company needed to document the values that all employees must live by: Integrity; Environment, Health and Safety; Customer; Accountability; Excellence; People; and Profitability. Alcoa had implemented a global ethics and compliance program, and the focus on health and safety was interwoven through the company’s program. This program included all the basic elements specified in the U.S Federal Sentencing Guidelines and Sarbanes-Oxley Act. The company made it clear that the program’s tools must be understandable by all employees, must support the company’s strong value system, and must be continually reinforced by management. A normal Alcoa day started out all business meetings with an identification of exits, the evacuation plans in the event of an emergency, and other safety procedures. However, some safety procedures differed among Alcoa’s various business, corporate headquarters required all of its units to meet the same overall goal: zero work-related injuries and illnesses. Alcoa’s management team supported the ethical principal that no employees should leave work in a worse condition than when they arrived. In 1996, one of Alcoa’s Mexican facilities had deteriorated, allegations coming from activist shareholders at the annual meeting...
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...Regression Analysis for Determining the Price of Alcan Stock [pic] Jason Scott May 1, 2006 Introduction In this project, we have developed a model using stepwise regression to predict the price of Alcan’s stock, based on the impact of eight independent variables on the price of Alcan’s stock. The company’s stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol AL. Of the eight variables we will be looking at, we are most interested in the impact that the price of aluminum has on Alcan’s stock. Alcan is the second largest producer of aluminum in the world, and may be one of the purest plays on aluminum, given that Alcan spent the mid 1990’s spinning off all operations not involved with the production of aluminum. If any company would reflect the impact of the change in aluminum prices, it would be Alcan. Additionally, we have a keen interest in this field as both of us are employees of a company recently spun-off from Alcan. The eight independent variables that we chose for our analysis, and our reasons for choosing them, are detailed below. Definition of Variables Dependant Variable Alcan (ALCAN) The dependent variable for our model is the monthly stock price of Alcan. Alcan is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol AL. The stock price is collected daily and these daily numbers are averaged together to give one monthly value. We have collected the monthly...
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...Alcoa Case Study Alcoa, as a company, has a strong commitment to safety. The CEO has publicly announced that safety was his top priority, and this could be evidenced in accident rates that were well below industry standards. The Mission Valley Plant was no exception. However, there had been some recent concerning events, and there is always room for improvement in the identification, analysis, recommendation, and implementations of a safety-centric environment. #1 There are seven key elements in Mission Valley’s approach to safety that have evolved since Paul O’Neill became the CEO of Alcoa in June 1987. * Safety is a top priority Immediately upon his arrival, Mr. O’Neill announced that his top priority for the company would be safety. It has been shown that Health, Safety, and Environment (HS&E) is more accepted and more easily enforced when driven from the top of an organization down. * Line managers’ involvement in safety The Mission Valley Works site covers 120 acres and employs 3,850 people, but there are only five employees whose job function is exclusively HS&E. Therefore, it is crucial that line managers spend a significant amount of their time concentrating on HS&E related issues. * Investigating the root causes of injuries Mission Valley’s approach to an incident investigation included assembling a diverse team of operators and supervisors, the development of a list of root causes, implementation of corrective actions...
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...understand regardless of functional specialization. Topics include financial analysis and planning, time value of money, valuation, capital budgeting, risk/return trade-offs, cost of capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning and decision-making purposes, (6) appreciate the complexities international business, and (7) demonstrate team skills by actively participating in group written cases. Course Materials Text: Background readings and problem sets are from Ross, Westerfield and Jordan (RWJ), Fundamentals of Corporate Finance, 8th Edition, Richard D. Irwin, Inc., 2008. You will sometimes find that the...
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...capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning and decision-making purposes, (6) appreciate the complexities international business, and (7) demonstrate team skills by actively participating in group written cases. Course Materials Text: Background readings and problem sets are from Ross, Westerfield and Jordan (RWJ), Fundamentals of Corporate Finance, 9th Alternate Edition, Richard D. Irwin, Inc., 2010 (ISBN 978-0-07-724612-9). You will sometimes find that the readings are not necessarily highly correlated with the cases. This is because the cases tend to bring together many aspects of finance at once. Be patient, the concepts will gradually...
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...Job Behaviors & Moral Yasmin Rodgers 4341 Lakefield Mews Drive Richmond, Va. 23231 Rodgers_Yasmin@yahoo.com 678-472-1088 GM591 Leadership and Organizational Behavior Professor Joseph Plumley October 9, 2011 TABLE OF CONTENTS I. Executive Summary…………………………………………………………..3 II. Background of Branch Banking & Trust Company ……………….………..3-5 III. Discussion of Current Business Issues…………………………………….....5-8 IV. Proposed Solution…………………………………………………………….9-11 V. Recommendations For The Executive Committee……………………………11-13 VI. References……………………………………………………………….…..14 Executive Summary Thru my research and writing, my plan is to create the preliminary steps and outline for BB&T to become one of the companies admired by others and to work on a long-term goal of making BB&T into company with a low turnover rate. The TCO A objective that I will be utilizing within my study of BB&T is as follows: Given that people make the difference in how well organizations perform, assess how an understanding of organizational behavior concepts and theories is a useful knowledge base for career success and for improving an organization's effectiveness. Background Of Branch Banking & Trust Company “BB&T Corporation, headquartered in Winston-Salem, N.C., is among the nation's top financial-holding companies with $157 billion in assets and market capitalization of $19.1 billion, as of March 31, 2011. Its bank subsidiaries operate approximately...
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...Chapter 8 Producer and Consumer Surplus consumer surplus — the value the consumer gets from buying a product less its price. producer surplus — the price the producer sells a product for less the cost of producing it. Burden of Taxation A tax paid by the supplier shifts the supply curve up by the amount of the tax. The loss of consumer and producer surplus from a tax is known as deadweight loss . Deadweight loss is shown graphically by the welfare loss triangle — a geometric representation of the welfare cost in terms of misallocated resources caused by a deviation from a supply/demand equilibrium. The cost of taxation includes the direct cost of revenue paid, lost surplus, and administrative cost. Interestingly, in terms of aesthetics, people have come to like the style of Paris roofs; it is one of the many things that makes Paris distinct. Including aesthetics complicates the analysis enormously. Economic reasoning is based on the architectural view that form follows function. Who Bears the Burden of a Tax? Taxes are like hot potatoes: Everyone wants to pass them on to someone else. Nobody wants to pay taxes, and there are usually large political fights about whom government should tax. For example, should the Social Security tax (mandated by the Federal Insurance Contributions Act, or FICA) be placed on workers or on the company that hires them? The supply/demand framework gives an unexpected answer to this question. Burden Depends on Relative Elasticity ...
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...Table of Contents 1 Introduction to Riveting 3 2 General Rivet Facts and Applications 4 3.1 Solid Shank Rivets 6 3.2 Special Rivets 8 4 Riveting Processes 10 4.1 Manual Process 10 4.2 Automated Process 12 4.3 Counter-sinking 13 4.4 Applying Special Rivets 14 References 17 List of Figures Figure Number Figure Description Page Number 2.11 Riveted metal sheets under shear loads …………………………………. 3 2.12 AN270 Mushroom Head Rivet, AN426 Countersunk Rivet .…… 3 2.13 Before and after of rivet being set into a drilled hole …………... 4 3.11 Example of a Solid Shank Rivet ……………………………..……………... 5 3.12 Example of a rivet Identification Number …………………………….. 6 3.13 Examples of other Rivet heads …………………………………………….. 6 3.14 Markings on Rivet Heads ……………………………………………………… 7 3.21 Example of a friction lock rivet …………………………………………….. 8 3.22 Example of a mechanical lock rivet ………………………………………. 8 4.11 Example of a Rivet Gun ………………………………………………………… 9 4.12 Example of a Bucking Bar ………………………………………….…………. 9 4.13 A depiction of the riveting operation ………………………………….. 10 4.14 Example of Riveting in teams ……………………………………...
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...Course Name: Principles of Accounting Course Code: F-103 |PLANT AND EQUIPMENT | University of Dhaka Plant and Equipment Submitted to: Ms. Nusrat Khan Lecturer Department of Finance University of Dhaka Submitted by: Group No. 09 Section “A” BBA 18th Batch Department of Finance University of Dhaka Date of Submission: April 23, 2012 GROUP PROFILE Group No. 09 Section “A” BBA 18th Batch Department of Finance University of Dhaka |SL No. |Name |Roll | |01. |Farhana Islam Ajanta | 18-045 | |02. |Khandakar Fazle Rabbi | 18-067 | |03. |Farid Molla | 18-115 | |04. |Sadia Sharmin Bristy | 18-123 | |05. |Md. Nowshad Molla | 18-133 | |06. |Sirazum Munira Haque ...
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...AHS RESEARCH MANUAL 2011 Student: __________________________ TERESA STERCHI KIM BROWN AHS LIBRARY CONTENTS PREPARATION OF THE RESEARCH PAPER........................................................1 SELECTING AND LIMITING THE TOPIC............................................................1 PREPARING A WORKING BIBLIOGRAPHY AND EVALUATING SOURCES…………….2 READING AND TAKING NOTES........................................................................3 DEVELOPING A WORKING OUTLINE/PLAN…………………………………………………….5 DOCUMENTING AND CITING SOURCES USING MLA STYLE……………..……………..7 WRITING THE PAPER…………………………………..…………………...........................18 MLA STYLE OF PARENTHETICAL/IN-TEXT CITATIONS………………………………….19 PLACING CITATIONS IN THE PAPER…………………………………………………………..21 FORMATTING AND TYPING THE REPORT USING THE MLA STYLE…………………26 TYPING THE WORKS CITED PAGE AND SAMPLE TITLE PAGE..........................29 PREPARATION Research is the process of gathering information from different sources on a particular topic. In daily life students may research buying a song on the Internet, buying a new MP3 player, an iPod, or any other product of interest. At school, students may have to research a historical topic, an author or literary work, or a contemporary issue and present their findings in a paper, PowerPoint presentation, or in a movie format. All of this is part of the process of asking questions, looking at the available information, and coming to a conclusion based...
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...AHS RESEARCH MANUAL 2011 Student: __________________________ TERESA STERCHI KIM BROWN AHS LIBRARY CONTENTS PREPARATION OF THE RESEARCH PAPER........................................................1 SELECTING AND LIMITING THE TOPIC............................................................1 PREPARING A WORKING BIBLIOGRAPHY AND EVALUATING SOURCES…………….2 READING AND TAKING NOTES........................................................................3 DEVELOPING A WORKING OUTLINE/PLAN…………………………………………………….5 DOCUMENTING AND CITING SOURCES USING MLA STYLE……………..……………..7 WRITING THE PAPER…………………………………..…………………...........................18 MLA STYLE OF PARENTHETICAL/IN-TEXT CITATIONS………………………………….19 PLACING CITATIONS IN THE PAPER…………………………………………………………..21 FORMATTING AND TYPING THE REPORT USING THE MLA STYLE…………………26 TYPING THE WORKS CITED PAGE AND SAMPLE TITLE PAGE..........................29 PREPARATION Research is the process of gathering information from different sources on a particular topic. In daily life students may research buying a song on the Internet, buying a new MP3 player, an iPod, or any other product of interest. At school, students may have to research a historical topic, an author or literary work, or a contemporary issue and present their findings in a paper, PowerPoint presentation, or in a movie format. All of this is part of the process of asking questions, looking at the available information, and coming to a conclusion based...
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...1. What decision/action/subordinate legislation do you wish to challenge? 2. Statutory interpretation a. Guiding principle/literal approach: ordinary/natural meaning b. Purposive: “interpretation that would best achieve the purpose or object of the Act” (s 15AA AIA) i. Extrinsic materials 3. More information? c. Seek reasons ii. ADJR s 13, 13A; AATA s 28; Migration Act s 430; AIA s 25D; L&B Linings d. FOI Application 4. Is internal review by an agency available/suitable? 5. Do you require tribunal review? e. Need: iii. Independent statutory right to obtain review (no common law right to MR) – AAT Act ss 25, 29 iv. Standing 1. Interests affected by the decision (AAT Act s 27(1)) or if applicant organisation/association, decision ‘relates to a matter included in the objects or purposes of the organisation or association’ (AAT Act s 27(2), (3)) v. Basis to argue for a different outcome on the facts f. Can only be challenged on error of law (JR) g. Broad, flexible powers vi. Not bound by rules of evidence – s 33(1) vii. Reviews decision in accordance with facts and circumstances at date of review 2. Reviews decision afresh as if original DM (de novo) viii. No side bears onus of proof (McDonald) ix. Balance of probabilities standard of proof applies (Epeabaka) x. Can seek out material/arguments...
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...Indian aluminium giant Hindalco acquired Atlanta based company Novelis Inc, a world leader in aluminium rolling and flat-rolled aluminium products. Hindalco Industries Ltd., acquired Novelis Inc. to gain sheet mills that supply can makers and car companies. Strategically, the acquisition of Novelis takes Hindalco onto the global stage as the leader in downstream aluminium rolled products. The transaction makes Hindalco the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia, as well as being India's leading copper producer. The case study attempts to analyze the financial and strategic implications of this acquisition for the shareholders of HINDALCO. The case explains the acquisition deal in detail and highlights the benefits of the deal for both the companies. Followings are the main issues to be discussed for critical review of this case: What is the strategic rational for this acquisition? Were the valuation for this acquisition was correct? What are financial challenges for this Acquisition? What is the future outlook of this acquisition? 1 HINDALCO - NOVELIS ACQUISITION: CREATING AN ALUMINIUM GLOBAL GIANT 'We look upon the aluminium business as a core business that has enormous growth potential in revenues and earnings,' 'Our vision is to...
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...Chapter 19 Performance and breach of Sales and Lease Contracts Case 19.1 352 N.Y.S.2d 784 76 Misc.2d 1080 MAPLE FARMS INC., Plaintiff, v. CITY SCHOOL DISTRICT OF the CITY OF ELMIRA, New York, Defendant. Supreme Court, Special Term, Chemung County. Feb. 1, 1974. CHARLES B. SWARTWOOD, Justice. This is a motion for summary judgment in an action for declaratory judgment whereby the plaintiff seeks, first, a determination that the contract wherein the plaintiff agreed to supply milk to the defendant school district at an agreed price be terminated without further liability on the grounds of legal "impossibility' or "impracticality' because of the occurrence of events not contemplated by the parties which makes performance impracticable and, second, a determination that the defendant school district has authority to unilaterally relieve the plaintiff of its contract without violating Article 8, Section 1 of the New York State Constitution. We commend counsel on the quality of their briefs. The background of this dispute is that the price of raw milk at the farm site is and has been controlled for many years in this area by the United States Department of Agriculture through the New York-New Jersey Market Administrator. The president of the plaintiff milk dealer has for at least ten years bid on contracts to supply milk for the defendant school district and is thoroughly conversant with prices and costs. Though the plaintiff avers that the defendant was aware of...
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...THE POWER OF HABIT Duhi_9781400069286_2p_all_r1.j.indd i 10/17/11 12:01 PM Duhi_9781400069286_2p_all_r1.j.indd ii 10/17/11 12:01 PM HABIT W h y We D o W h a t We D o and How to Change It THE POWER OF CHARLES DUHIGG Random House e N e w Yo r k Duhi_9781400069286_2p_all_r1.j.indd iii 10/17/11 12:01 PM This is a work of nonfiction. Nonetheless, some names and personal characteristics of individuals or events have been changed in order to disguise identities. Any resulting resemblance to persons living or dead is entirely coincidental and unintentional. Copyright © 2012 by Charles Duhigg All rights reserved. Published in the United States by Random House, an imprint of The Random House Publishing Group, a division of Random House, Inc., New York. RANDOM HOUSE and colophon are registered trademarks of Random House, Inc. ISBN 978-1-4000-6928-6 eBook ISBN 978-0-679-60385-6 Printed in the United States of America on acid-free paper Illustrations by Anton Ioukhnovets www.atrandom.com 2 4 6 8 9 7 5 3 1 First Edition Book design by Liz Cosgrove Duhi_9781400069286_2p_all_r1.j.indd iv 10/17/11 12:01 PM To Oliver, John Harry, John and Doris, and, everlastingly, to Liz Duhi_9781400069286_2p_all_r1.j.indd v 10/17/11 12:01 PM Duhi_9781400069286_2p_all_r1.j.indd vi 10/17/11 12:01 PM CONTENTS PROLOGUE The Habit Cure GGG xi PA R T O N E The Habits of Individuals 1. THE HABIT LOOP How Habits Work 3 31 60 2. THE...
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