...disconsolate. We would not be able to live to fullest, experience God’s creatures.Also, the simplest thing: to live the live for ourselves, and the people we love.To dedicate our life for something or someone we love and value. This conclusion was supported by the founding documents created by the founding fathers, which succeeded in establishing a strong constitution,in creating a powerful government, however failed in creating a racial equality for all Americans throughout the generations. Freedom means we are able to follow our deepest values and exercise our judgment, even when others disagree or disapprove (Englishforums.com). Therefore, James Madison once said: “The happy union of these states is a wonder; their constitution a miracle; their example the hope of Liberty...
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...BACKGROUND The British Petroleum (BP) which was originally called the Anglo-Persian Oil Company is a multinational British company headquartered in London, United Kingdom. It was founded in 1909 to explore the oilfields of Persia (now Iran). British Petroleum is one of the world’s leading international oil and gas companies. Its services are mainly to provide their customers fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday items. BP operates at the frontiers of the energy industry. The company uses world-class assets, technology, capability and know-how to meet energy needs and deliver long-term value. BP’s business model is to create value across the entire hydrocarbon value chain which starts with exploration and ends with the supply of energy and other products that are fundamental to everyday life. The company is focused on finding, developing and producing essential sources of energy, and turning these sources into products that people need. As a global group, the company’s interests and activities are held or operated through subsidiaries, branches, joint ventures or associates established in – and subject to the laws and regulations of – many different jurisdictions. By operating across the full hydrocarbon value chain, the company believes they can create more value for shareholders, as benefits and costs can often be shared by their two segments. They can develop shared functional excellence more efficiently...
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...In an open economy there are major differences in the transaction between a domestic and a foreign business as compare to that between businesses of the same country. For example, an Australian or a US importer would generally have to pay a Japanese exporter in yen, a German in Euros, and a British in Pounds. For these reasons both the Australian and the US importer will have to buy these currencies with dollars in the foreign exchange market, which determines how many dollars will be needed in an exchange for each currency. In the world economy the difference between making business domestically and internationally differs under many distinct levels. However, for the purpose of this essay this paper will focus on foreign exchange respectively in context of international business under fixed and floating exchange rate. Conducting business both domestically and internationally involves understanding the foreign exchange market, and selecting the best exchange rate system for your business. This paper has three distinct purposes. First it will outline a clear definition of both fixed and floating exchange rate system. Second, it will discuss the costs and benefits of both systems. And finally it will state the most preferred and widely used system between the two systems. An exchange rate is the rate or the price at which one currency is worth when converted into that of another. In a foreign transaction, the foreign exchange market is where these activities take place. In definition...
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...CONSTITUTIONAL AND ADMINISTRATIVE LAW LAWS 1112 Y (1) UNIVERSITY OF MAURITIUS ACADEMIC YEAR 2011/2012 Lecture 1 DEFINITION AND SCOPE OF CONSTITUTIONAL LAW * The role of law * “Law is not merely a matter of the rules which govern relations between private individuals (for example between the employer and employee or between landlord and tenant). Law also concerns the structure and powers of the state.” A W Bradley and K D Ewing: Constitutional and Administrative Law * Constitutional Law has the basic role of governing the structure and the powers of the state. It therefore organises the powers of the state in an attempt to prevent abuses of power by those in power. * Emergence of Constitutional Law - Enlightenment * The term “constitution” was coined recently with the emergence of the new nation state. During the 18th of century, political revolutions in France and the US led to the emergence of the new nation state and the need was felt for a document reflecting the beliefs and the political aspirations of the heralders of the new political and legal order. * Major ideologies (constitutionalism, Thomas Hobbes, Jean-Jacques Rousseau, John Locke) started perceiving power of the state and freedoms of individuals as being conflicting such that only a proper balance between the two would lead to political and social stability. According to those ideologies, to maximise individual freedoms and liberties, the power of the state had...
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...ORGANIZATIONAL INFORMATION SYSTEMS Case Analysis – Tale of Two Airlines PROBLEM STATEMENT Neglect and inconsistency in applying standard operational strategies and procedures can make a significant difference in meeting the expectations of passengers, affects passenger loyalty and have potential consequences on the ability of an airline to retain existing customers and attract new ones. In the information technology age “technology is only a small enabling piece of a total service concept.” How can an airline cause information technology, operations strategy, management control, empowered/unempowered work force, and service management to come together to produce customer satisfaction and long term customer loyalty?. In analysing the case, let’s examine some of the issues that were encountered during his travel, the reasons for these issues and what could have been done differently to provide a hassle free travel experience. It is a fair expectation and assumption that when a comparison is made with quality services and the impact of the use of information technology in 1985 versus 1995 there should be a distinct difference due to the era and the stages of advancement in information technology. It is therefore assumed that whatever service was provided in the 1980’s would have been improved ten years later. This leads us to examine: * Was the assumption made by Professor McPherson to think that it was possible for the network between airlines to make it feasible...
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...in Indo-Pak relations? What steps in your opinion can the two countries take to develop and sustain cordial relations in the twenty-first century? Introduction “Indo-Pak rivalry is the uncompromising struggle of two ways of life, two concepts of political organisation, two conflicting ideological foundations, two scales of values, and two spiritual attitudes that find themselves locked in deadly conflict, a conflict in which Kashmir has become both symbol and battleground, making the Indo-Pak rivalry an enduring one (Ashok 2012, 1)”. This essay will argue that the key reasons underlying the continued hostility in Indo-Pak relations are due to an antithetical idea of state identity. This essay will first outline the origins of the Indo-Pak conflict in order to give historical context to the conflict. It will be argued that the predisposing conditions for the conflict are a fundamental ideological difference in state construction which is closely linked to the second condition being the irredentist/anti-irredentist relationship between India and Pakistan. This essay will firstly consider the differences in state identity by outlining the fundamentals of Indo-Pak state construction with particular focus on why India and Pakistan feel their ideological existence is threatened by the other. Subsequently, the irredentist/anti-irredentist relationship will be outlined and considered in the context of the enduring dispute over Kashmir. Following this, a potential resolution to this...
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...Professional Values and Ethics Integrity is defined as personal ethics and values of the individual involved in the decision-making process. This can create different paths to success, depending on the choices made toward each individual goal. Gandhi explains that looking into a person's thought process presents who he or she is in the present and future. He is the perfect example on ethics and values because of the way he set his goals and how he implemented to obtain his goals. Using peaceful and non-violent resistance to battle the British policies influenced other to follow his ideas, and this drove the British out of India. Later people were able to use this idea to help persuade the United States government to change the civil rights policy. Martin Luther King Junior used the same type of ideas that worked for Gandhi to help gain support to change certain laws during the 1960's (Prabhu, 2001). Ethics and values are greatly influenced by what goals and how individuals develop over time into a success. Values are what individuals cherish and work for to meet their goals in life. Values are also defined as relative worth, merit, and of most importance to that person. Values could also be described as moral principle and beliefs of a person. Ethics is derived from the Greek word ethikos, which means customs or character of a person. Ethics involves defending, developing, and recommending, the differences between right or wrong. Ethics can be addressed by asking...
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...Advancement of Green Politics Within Government: The Cases of Germany and Great Britain Since their formative years, Green parties have seen increasing success in advancing environmental interests in European politics. They key factor in determining a Green party’s capacity to implement its policy aims is the context of the political system in which it operates. This is reflected in the relative electoral success of the German Greens, Alliance ’90/The Greens, as compared with the difficulties faced by the British Greens. Many analysts consider the German Greens “the strongest example of the impact of Green politics on Western European political systems” due to its impact within German government (Burchell, 2002, p. 52). The Green Party in the United Kingdom is considered a minor party—defined as “a party with no elected seats in Parliament” (Birch, 2009, p. 53). This represents the greatest challenge to the British Greens’ political efficacy. The German and British Green parties were established in extremely different political climates, and they gained different levels of influence within government as a result. The emergence of the German Greens in the twentieth century coincided with the rise of new social movement protests during the 1960s 1970s. This movement brought about a heightened awareness of social and environmental problems among new-left student populations, as well as citizen action groups, that helped set the stage for a “Green challenge within the electoral...
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...stocks, and shareholder's satisfaction. This paper attempts to determine how the British American Tobacco Bangladesh Company Ltd. (BATBC) uses its dividend policy to increase the value of the firm and the impact of dividend policy on its stock price. We tried to illustrate and analyze net income, earning per share, cash dividend, stock dividend, dividend payout ratio and right share for empirical analysis of dividend distribution of British American Tobacco Bangladesh. The expectations of dividends by shareholders helps them determine the share value, therefore, dividend policy is a significant decision taken by the financial managers of any company. 1.2 Introduction: Dividend Policy is concerned with taking a decision regarding paying cash dividend in the present or paying an increased dividend at a later stage. The firm could also pay in the form of stock dividends which unlike cash dividends do not provide liquidity to the investors; however, it ensures capital gains to the stockholders. The expectations of dividends by shareholders helps them determine the share value, therefore, dividend policy is a significant decision taken by the financial managers of any company. British American Tobacco Bangladesh Company Ltd. is the market leader in cigarette manufacturing companies in Bangladesh. BATBC is a company faced with multifarious challenges of tobacco manufacturing industry. British American Tobacco Bangladesh Company Ltd. (BATBC) is one of the pioneer cigarette...
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...A decrease in the level of a currency in a floating exchange rate system due to market forces. Currency depreciation can occur due to any number of reasons – economic fundamentals, interest rate differentials, political instability, risk aversion among investors and so on. Countries with weak economic fundamentals such as chronic current account deficits and high rates of inflation generally have depreciating currencies. Currency depreciation, if orderly and gradual, improves a nation’s export competitiveness and may improve its trade deficit over time. But abrupt and sizeable currency depreciation may scare foreign investors who fear the currency may fall further, and lead to them pulling portfolio investments out of the country, putting further downward pressure on the currency. 1. Reserves and Borrowing. If the value of an exchange rate is falling and the government wants to maintain its original value it can use its foreign exchange reserves – e.g. selling its dollars reserves and purchase pounds. This purchase of Pound sterling should increase its value. 2. Borrow The government can also borrow foreign currency from abroad to be able to buy sterling. 3. Changing interest rates (In UK this is now done by the MPC) higher interest rates will cause hot money flows and increase demand for sterling. Higher interest rates make it relatively more attractive to save in the UK. 4. Reduce Inflation * Through either tight fiscal or Monetary policy Aggregate Demand...
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...Advances: Decision Analysis Structure 7 Page 1 of 45 Ch 08 060502 V06 Developing Objectives and Attributes Ralph L. Keeney Abstract The fundamental objectives of any decision problem should define why the decision maker is interested in that decision. However, listing a complete set of the fundamental objectives for a decision is not a simple task. It requires creativity, time, some hard thinking, and the recognition that it is important. This chapter offers many suggestions to help do the task well and provides criteria to appraise the quality of the resulting set of fundamental objectives. For an analysis of the alternatives in terms of these objectives, an attribute to measure the achievement of each objective is required. Good attributes are essential for an insightful analysis. This chapter also includes many suggestions to help identify or construct useful attributes as well as criteria to appraise the quality of the resulting attributes. Collectively, the fundamental objectives and corresponding attributes provide the basis for any objective function and for any discussion of the pros and cons of the alternatives. CONTENTS Objectives and Attributes Identifying Objectives Listing Values Specifying Objectives from Values Structuring Objectives Desirable Properties of Fundamental Objectives Advances: Decision Analysis Structure Basic Concepts about Attributes Desirable Properties of Attributes Unambiguous Comprehensive Direct Operational Understandable ...
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...greatest of his various ambitions’. Curzon had two terms as viceroy that were overall quite successful, however due to controversial and failed policies that he embarked upon in his second term , his reputation and legacy was severely damaged. He also contributed to the corrupt reputation of the British rule and as a result of Curzon’s failed policies, many campaigns were triggered and after 50 years, it would lead to the independence of India. Curzon’s desire to become viceroy and his well-travelled nature meant that he was able to gain a better insight into the culture and lives of the Indians. As a result of the Indian mutiny, queen victoria made it clear in the royal proclamation that the British viceroys were to serve the interests and care for her Indian subjects, as well as keeping out external threats and remaining in control of uprising within India. For this reasons it may be argued by some historians, that Curzon was a success because of his clarity when it came to problem solving and his willingness to break governmental boundaries in order to ensure control and protection of Indian citizens. Another characteristic of Curzon’s rule that made him popular was that he reasserted British control, that had evidently been lost during the mutiny and also the fact that he had the ambition to...
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...differences in cultures, there might be some kind of misunderstanding among people working in the same organization due to their different values, beliefs, backgrounds, etc. To avoid cultural misunderstanding and turn cultural diversity to advantage, in this workshop we will provides a general definition for “culture” as well as for “diversity”, discusses the benefits of diversity in the workplace, the challenges of managing a diverse workplace, and presents effective strategies for managing diverse workforces. Definition of culture According to Kroeber und Kluckhohn (1952, p. 357) “Culture consists of patterns, explicit and implicit, of and for behaviour acquired and transmitted by symbols, constituting the distinctive achievement of human groups,.., the essential core of culture consists of tradition, ideas and their attached values, culture systems may considered as products of actions and also as conditioning elements of future action” Furthermore, managers often see culture as “the collective programming of the mind which distinguish the members of one human group from another… the interactive aggregate of common characteristics that influence a human group’s response to its environment” (Adler, 2002, p. 17) Cultural orientation As Adler mentioned cultural orientation of a society reflects the complex interaction of values, attitudes, and behaviours...
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...Changing the Culture at British Airways I. Problems you identified from the case a. Macro- “In August 1971, the Civil Aviation Act became law, setting the stage for the British Airways Board to assume control of two-state run airlines, British European Airways and British Overseas Airways Corporation, under the name British Airways” (Jick & Peiperl, 2011, pp. 24-36). Another problem was privatization. According to the text, April of 1984 the government passed legislation that made British Airways a public limited company. Lastly, a problem would have to be the customer service. There was poor customer service that led to reduced numbers in passengers. “The problems became dangerous when Britain’s worst recession in fifty years reduced passenger numbers and raised fuel costs substantially” (Jick & Peiperl, 2011, pp. 24-36). b. Micro- The change in culture was a huge problem for British Airways. “A lack of economies of scale and strong residual loyalties upon the merger further complicated the historical disregard for efficiency by BEA and BOAC” (Jick & Peiperl, 2011, pp. 24-36). In order to have an immediate and effective change in a company there must be training around the new designed mission and values. This company had a hard time when it came to giving recognition to their employees and their works. The company lacked communication in general whether good or bad. It just seemed that everyone in the company was working for themselves and...
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...Utilitarianism Overview 1. Fundamental Tenets of Utilitarianism 2. Standards of Utility/History of Utilitarianism 3. The Utilitarian Calculus 4. Act and Rule Utilitarianism 5. Criticisms of Utilitarianism 6. Concluding Assessment Basic Insights of Utilitarianism n The purpose of morality is to make the world a better place. n Morality is about producing good consequences, not having good intentions n We should do whatever will bring the most benefit (i.e., intrinsic value) to all of humanity. n The Purpose of Morality n The utilitarian has a very simple answer to the question of why morality exists at all: – The purpose of morality is to guide people’s actions in such a way as to produce a better world. n Consequently, the emphasis in utilitarianism is on consequences, not intentions. Fundamental Imperative nThe fundamental imperative of utilitarianism is: Always act in the way that will produce the greatest overall amount of good in the world. –The emphasis is clearly on consequences, not intentions. The Emphasis on the Overall Good n We often speak of “utilitarian” solutions in a disparaging tone, but in fact utilitarianism is a demanding moral position that often asks us to put aside self-interest for the sake of the whole. n Utilitarianism is a morally demanding position for two reasons: – It always asks us to do the most, to maximize utility, not to do the minimum. ...
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