...exhausting reserves. At the same time, demand for petroleum based energy has become very inelastic in the modern world, and its supply has at times both propelled and suppressed economic growth. When these two realities clash, it is sure that a shortage of supply ultimately brings one certain result: skyrocketing prices. At the heart of this circumstance is the issue of security, and its associated effects on economies and living standards often bring it to the forefront of political stages around the industrialized world. The gravity of this reality is so substantial that even forecasted supply can have dramatic effects on the market. Anxiety and speculation over oil and gas futures cause prices to rise and fall exaggeratedly, creating a perilous game of long and short for money managers willing to take the risk. Today, the market is no less volatile. The most recent developments are raising hopes that energy security is becoming a worry of the past for the largest consumers around the world. The growth of global energy demand has all but come to a grinding halt, a result of economic and social circumstances throughout consuming markets that has consequently decreased energy prices. Meanwhile producers continue to expand production wherever it is conceivably lucrative to do so. While expanding production is nothing new to the industry, it is happening at an unprecedented rate today. While some of this is simply a result of the industry’s considerable momentum, much of it can be accredited...
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...RISE OF GADDAFI AND HIS RULE: Muammar Muhammad Abu Minyar al-Gaddafiwas the longest-serving leader in the Arab world. He ruled Libya after he took it over from King Idris I in 1969.Gaddafi was born on 7th June, 1942 in Qasr Abu Hadi located outside the town of Sirte in western Libya. He attended a Muslim elementary school in Sabha. During his schooling, he was profoundly influenced by major events in the Arab world especially the Arab nationalist movement. Egyptian President Gamal Abdel Nasser became his idol. Gaddafi joined the army in the 1960s as a supporter of Arab nationalism. In 1959, significant oil reserves were discovered in Libya. Revenue from petroleum exports moved Libya from being one of the poorest nations, to becoming a wealthy state. However, people began to resent the increased concentration of wealth in the hands of King Idris. This discontent grew with the rise of Nasserism and Arab nationalism throughout North Africa and the Middle East. In August 1969, King Idris was in Turkey for medical treatment. On September 1, 1969 a group of 70 junior Libyan military officers led by Muammar Gaddafi took the opportunity to stage a bloodless overthrow (coup d’état). The coup started in Benghazi, by members of Libyan Signal Corps. They placed the crown prince, Sayyid as-Sanussi under house arrest The coup leaders were referred to as the Free Officers’ Movement. They declared an end to monarchy in Libya and renamed the country the Libyan Arab Republic. The movement...
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...February 4, 2012 Annotated Bibliography References Escalona, A. (2002, February 12). Feeling the pain of grocery prices. Chicago Sun Times, p. 22. This article discusses how the price of everything has increased over the last few years especially groceries. It states that in 2011, food prices increased 4.8 percent on average. It discusses how certain staple items like chicken, beef, and vegetables have increased in the double digits. They suggest that current politicians would understand the frustration most Americans feel if they took the time to take a shopping trip and do the math themselves. The article indicates that the cost of buying fresh produce has increased drastically. This article can be used in the first section of my research paper where I try to convince the reader that in most supermarkets the price of fresh produce has increased so sharply that fast food healthy menu items are a less costly alternative. Kuzemchak, S., & RD. (n.d.). 20 Healthy Fast-Food Meals. Family Circle - Teens, Family, Food, Style and More. Retrieved February 4, 2012, from http://www.familycircle.com/health/weight-loss/diet-tips/healthy-fast-food/?page=2 This article lists 20 healthy fast food meals from local and nationwide restaurants. It also lists the calories, nutritional values, and low calorie alternatives from the not so healthy menu. This article indicates that no matter how little time you have because of work deadlines, carpooling etc. There is a fast food restaurant...
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...significantly towards a more independent energy system. The most imperative of these innovations include a decrease in the amount of oil imported from foreign oil exporters and an increase of domestic shale oil discoveries throughout America. As technology continuously modernizes, the efficiency of American shale oil extractions increase. America is hypothesized to have the ability to supply all its own energy by 2030. If America continues to reduce their petrochemical consumption and reliance on foreign oil, this energy independent milestone will be an approaching, feasible possibility. In this presentation, I will illustrate the constant momentum toward energy independence and how achieving autonomy introduces a surplus of economical possibility that has neglected to exist in previous American history. Rationale The Unites States, along with every other country, would benefit from being as energy independent as possible from foreign oil exporters. Currently, the United States reliance on OPEC (Organization of the Petroleum Exporting Counties) causes them to be highly susceptible to disturbances in these counties oil industry. Energy independence would result in economical stability and security, while diminishing the uncertainty that lies in the dependence of major oil exporters. There exist an on average increase of petroleum oil prices...
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...refining manufacturers Table of contents 1. Introduction 2 1.1 Research background 2 1.2 domestic and foreign research status 4 1.2.1 Activity-based costing development process 4 1.2.2 Status quo of Activity-Based Costing Development and Application in China 6 1.3 research contents 8 2. Related theories 9 2.1concept of ABC 9 2.2 rationales 10 2.3 difference between ABC and traditional costing 12 2.3.1. Different calculating targets 12 2.3.2 Different calculation 12 2.3.3. Different Finished goods costs term 13 3. Research methodology 13 3.1 case study 13 3.2 The survey method 13 3.3 Literature 14 4. Research Results 14 4.1 problems of traditional costing method in oil refining enterprise 14 4.2suggestions for Chinese enterprises’ application ABC 15 Bibliography 15 1. Introduction 1.1 Research background With the rapid development of the national economy, enterprises’ competition is increasingly fierce; many companies are using advanced science and technology to achieve competitive advantage in the market. Market competition and technological progress are the two fundamental economic factors which generate activity-based costing. Since The beginning of 1980s of the 20th century, the activity based cost method is paid a wide range of attention; the developed countries gradually adopt it in a number of advanced enterprises, and it continuously develops in the practice. Traditional...
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...was given around 47 million dollars in salary, bonuses, perks, and stock options when he stepped down this year as CEO of the company due to controversial spending and declining cash flow revenue for the multi-billion dollar company. The controversy stems from a breach of financial ethics and decision making that is supposed to have the best interest of your shareholders in mind. Chesapeake Energy Corporation (NYSE: CHK) is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. (CHK.com). Aubrey McClendon and Hayes-2 Tom Ward with 10 employees and a $50,000 investment founded Chesapeake Energy in 1989. The company has had ups and downs throughout its 20 year history, including declining oil and natural gas prices in the late 1990s that prompted Chesapeake to switch their...
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...particularity marketed to. Proactiv can increase its customer base if they reallocate some of their current resources to making their products appealing to the previous noted market share. Proactiv can use the launch of its new formula as an opportunity to update its approach to its marketing and packaging. The main goal for the marketing strategy change is to capture an additional five percent of the market share for acne treatment and ten percent of the market share for premium skin care by the summer of 2013. In order to accomplish this, Proactiv will launch a new advertising campaign that targets men. Proactiv will achieve this by creating infomercials of male celebrities to promote their products, advertising in the top three male dominant magazines, and incorporate and equal mix of male/ female models and male/ female...
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...with so many obstacle such as weather, bugs and lack of equipment that they found themselves in an upside down situations. (www.cnn.com) Many of the corn farmers have made lots of sacrifices to meet the demands of corn by producing more corn, buying more land and seeds, use of extra fuel in farm equipment, which increased the farmers spending but also return great profits. This will cause the production of corn’s substitute, soybean, to diminish but not disappear because soybeans have a market of their own in china because of its production of soybean oil and milk that is wide spread in China. As far as the US and soybean its production will slowly starts to diminish because many of the farmers will use their land to grown more corn to gain a better profit, instead of growing soybean and only making a fraction of the profits intended from soybean.( www.hpj.com) Now as stated by the laws of supply “that as the price of a good increase, suppliers will attempt to profits by increasing the quantity of the product sold (www.investopedia.com) When farmers are growing and producing corn for the use and production of energy, and other uses, this will show farmers that the production...
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...MLA Style: Citing Sources and Formatting Not only does a good research paper include thorough research and thoughtful analysis, it follows specific rules for citing sources and formatting. This brief guide will illustrate how to correctly reference your sources and set up your paper. Connections Education® students should use Modern Language Association (MLA) style for citing sources and formatting. MLA style is commonly used in many middle and high schools as well as in colleges and universities across the country. The MLA publishes the MLA Handbook for Writers of Research Papers. This is a very useful book, as it goes into great depth explaining the steps for writing a paper. The book is available at most bookstores, and your local library likely has copies. If you run into an issue, such as citing a source that is not covered in this guide, it is best to find the proper way of citing your source by consulting the MLA Handbook or by asking your teacher. This guide covers the basics for formatting and citing sources. However, always follow the specific guidelines presented by your teacher. For instance, if you want to incorporate pictures or other images into your paper, ask your teacher about the best way to do this. Depending on your teacher’s preference, images could be included within the body of the paper or in an appendix. Formatting Your Paper 1 Here are some basic steps for setting up your paper. 1. Paper Size and Margins – Your paper should be set to 8.5 inches...
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...Toong Group Assignment • This assignment is designed to develop learners’ ability to apply the important concepts and effects of a commodity price change in the market. Instructions • Students are required to: • Find THREE article from the Internet / local newspaper OR magazine related to a commodity price change in Malaysia. (Rubber, Palm oil & Fuel etc) • The article must be from July 2014 to July 2015. • Evaluate and discuss the impact of commodity price changes on consumers and producers in terms of demand and supply. Assignment Guideline • Part 1: Introduction to the Micro-economics variables in the articles. • State your objective of study, define the microeconomic variables & how the price changes happened. • Example: Microeconomic variable: Fuel (students are required to prepare a clear and sufficient background study with article attached.) • For each of the article, students required to quote precisely the title of article, author, date and source. Assignment Guideline - cont • Part 2: Describe the impact of commodity price change on: • Consumer: In term of Demand Side • Producer/Seller: In term of Supply Side • Students may explain it with the using of relevant diagrams to illustrate: • Movement or shift of the demand and supply curves. • The changes of Quantity & the changes of Prices Assignment Guideline - cont • Part 3: Analyze and explain the impact of the commodity change towards: • Consumers • Producers Assignment...
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...SEEDBED ERA 1900-1916 1900 * James Ellworth and Theodore Vail established the Public Relations Program of the American Telephone and Telegram Company (AT&T) 1903 * President of Chicago Edison Company established the external magazine “Electric City” and extensively used press releases. He publicized his brand by holding racing events. He is the founder of Ford Motor Company. He was also the first industrialist to make use of 2 basic public relations concept. * The “History of the Standard Oil Company” was written by Ida M. Tarbell. It is a series of articles published by McClure as attack on the corruption and unfair practices of the Rockefeller Oil Monopoly. 1904 * Publicity office was opened by Ivy Lee and George Parker. The new Agency boasted of “Accuracy, Authenticity, and Interest.” 1905 * The YMCA employed full-time publicists to call attention to its fund drive and the first formally designated press bureau in the federal government was founded by the U.S. forces services. 1906 * Ivy Lee issued a “Declaration Of Principles” that let the public know that the era of “public-be-damned” was over and the industry leaders were now listening to concerns of the public changing forever the atmosphere of the world of industry and creating a new business niche known as Public Relations. 1908 * The American Red Cross and the National Tuberculosis Association began extensive publicity programs soon after their formation. 1910 * Ivy Lee,...
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...The Link Below , Instant Download http://acehomework.com/MBA-570-Complete-Course-Saint-5555500012.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com MBA 570 assignment 1 This writing assignment should be in an essay format. It should use twoor more published news or academic articles which are less than a year old as cited references. In your essay, you should answer the following questions: • What are value stocks? • What are growth stocks? • What is the reasoning that investorsuse for purchasing valueor growth stocks? • Has valueor growthinvesting worked best over the long term? • Do you prefer one of the Find recent examples of news articles in which someone is described as a valueor growthinvestor . How successful have theybeen with this method? The essay will be in APA format and be 500-1,000 words in length . See the rubric on the next page for complete grading criteria Hint: One wayto find information for this assignment is to use the library’s database for the Wall Street Journal or Barron’s and search for a recent article with the words “value investor” or “growthinvestor” in the text of the article MBA570 assignment 2 Assume that you are a corporate manager that needs to make an important decision. Your company currently has its largest factory (700 employees) located in the Midwestern United States. This factory is currently not competitive in international markets and its poor results are threatening...
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...navigation, search This article is about the energy corporation. For other uses, see BP (disambiguation). For information on the oil spill from the Deepwater Horizon rig, see Deepwater Horizon oil spill. BP p.l.c. Type Public limited company (LSE: BP, NYSE: BP) Industry Oil and natural gas, alternative fuels Founded 1909 (as the Anglo-Persian Oil Company) 1954 (as the British Petroleum Company) 1998 (merger of British Petroleum and Amoco) Headquarters London, United Kingdom Area served Worldwide Key people Carl-Henric Svanberg (Chairman) Tony Hayward (CEO) Bob Dudley (Director, CEO (appointed)) Byron Grote (CFO)[1] Products BP petroleum and derived products BP service stations Air BP Aviation Fuels Castrol motor oil ARCO gas stations am/pm convenience stores Aral service stations solar panels Revenue US $246.1 billion (2009)[2] Operating income US $26.43 billion (2009)[2] Net income US $16.58 billion (2009)[2] Total assets US $236.0 billion (2009) Total equity US $101.6 billion (2009) Employees 80,300 (Dec 2009)[3] Website BP.com A 1922 BP advertisement.BP p.l.c.[4][5] (LSE: BP, NYSE: BP) is a global oil and gas company headquartered in London, United Kingdom. It is the third largest energy company and the fourth largest company in the world measured by revenues and is one of the six oil and gas "supermajors".[6][7] It has operations in over 80 countries, produces around 3.8 million barrels of oil equivalent per day and has...
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...Chapter 3 Homework 8. In 2006 rental car companies often charged more to rent a compact car than an SUV or a luxury vehicle. Why do you think rental companies turned their normal pricing structure on its head? I believe that the gas prices were the cause of them turning their normal pricing structure on its head. The compact cars required less gas which meant that the people driving them would go further and accumulate more miles than that of the SUV or a luxury vehicle. People would opt to rent the compact cars and travel further distances because it would be cheaper on gas. 11. Assume initially that the demand and supply for premium coffees (one-pound bags) are in equilibrium. Now assume Starbucks introduces the world to premium blends, and so demand rises substantially. Describe what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminates Brazil’s premium coffee crop, what will happen to the price of premium coffee? 12. Norrath is a place in the online game EverQuest II. It is a virtual world with roughly 350,000 players “arrayed over worlds that are tethered to dozens of servers.” As Rob Walker noted, “EverQuest is filled with half-elves, castles, sword fights and such, and involves a fairly complex internal economy, whose currency is platinum pieces used to buy weapons, food and other goods.” This virtual market, however, has led to a real-world market, with real dollars for virtual goods. Players sell weapons, complete characters...
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...SWOT analysis it will be determined whether this company is a wise one to invest in or not. Chevron, Bright Prospect or Investment Peril? The Chevron Company, a fortune 500 company, ranked #10 out of the 500 companies listed by Fortune Magazine and CNN Money. “One of America’s 5 largest businesses and one of the six ‘super major’ cooperation’s of the world” as quoted from CNN Money. Chevron is forging ahead with a strong global market presence as one of the leaders in providing fossil fuel to the entire human race. SWOT Opportunities and Threats Chevron recently bought the company, Atlas Energy. It seems that its hopes are to merge and exploit Atlas’s influences to obtain and control the fuel in the North Eastern United States. They have refineries all over the world, from Canada and The United States to as far as Thailand and the UK. They have opportunities according to the SWOT analysis to increase revenue from raising fuel and oil prices, obtain capital investments and increase their corporate social responsibilities to gain more stakeholders. But whether it is financially sound for investing has yet to be determined. Chevron has been struggling from an OSHA settlement agreement in 1991, legal issues from 2011 from numerous oil spills, rising fuel and environmental hazards costs, refinery losses, and a recent strike...
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