Gender Roles in the Media Essay -- Socialization Female Male Differenc

From the second they are conceived and enclosed by a pink or blue cover, a youngster's sexual orientation is indisputable. Starting here on, they will constantly be barraged with the socialization into their sexual orientation by numerous sources. One of the primary wellsprings of this socialization is media, all the more explicitly TV. The reason for this paper is to depict sexual orientation jobs and generalizations, and to investigate how the media's portrayal and depiction of guys and females influences youngsters. Sexual orientation contrasts are the arrangements of qualities socially and socially built based on birth task as male or female (Creedon, 1993, p.5). At the point when an infant is conceived and enclosed by a hued cover dependent on their sexual orientation, one of the primary things numerous guardians consider his how immaculate their son or young lady is; How solid and attractive their child will be with his father's solid hands; How excellent their girl is a direct result of her huge blue eyes. The keep going inquiry on the brains of the guardians in any case, is the manner by which, by picking that cover for their kid and thinking these musings, they have initiated the optimistic gendering process. Numerous guardians neglect to mull over setting rules for their youngsters from birth on being either male or female, in light of the fact that doing so has gotten so normal to our general public. We live in a culture based on a specific arrangement of sexual orientation suppositions and organized to intensify if not produce sex asymmetries and disparities, and we come to see these distinctions as a major aspect of the common world (Creedon, 1993, p.5). In the media, the jobs of guys and females vary enormously. Ladies, particularly young ladies, are basically portrayed as sex articles and men as progress objects. In the two cases, the ... ...isual generalizations in american broad communications. House of prayer Hill, NC: The University of North Carolina Press. Kundanis, R. (2003). Kids, youngsters, families, and broad communications: the millennial age. Mahwah, NJ: Lawrence Erlbaum Associates, Inc., Publishers. Pollack, W. (1998). Genuine young men: protecting our children from the legends of childhood. New York, NY: Holt. Spangler, L. (2003). TV ladies From lucy to companions: fifty years of sitcoms and woman's rights. Westport, CT: Praeger Publishers. Strasburger, V.; Wilson, B. (2002). Kids, young people, and the media. Thousand Oaks, CA: Sage Publications. Wartella, E. (1979). Kids imparting: media and advancement of thought, discourse, understanding. Beverly Hills, CA: Sage Publications, Inc. Woods, J. (1994). Who cares: ladies, care, and culture. Carbondale, Ill: Southern Illinois University Press.

Internal Control Essay Example for Free

Inner Control Essay The LBJ Company is as of now settling on a choice to open up to the world or not and with that The LBJ Company will likewise need to get learned about their inside controls inside their frameworks, explicitly concerning Accounting and furthermore Human Resources and how it will influence them and their representatives and obviously how they lead business. There have been some positive and negative issues emerge with respect to their inward controls. In any case, the LBJ Company should be recognized for what they are doing well, yet will likewise need to address the issues that are adversely influencing them and their business and will keep on contrarily influence them on the off chance that they choose to open up to the world, which will drive down the expense of their offers and so on. This contextual investigation will survey these things just as make suggestions for what the LBJ Company can do to take care of their inward controls. Section 1: Internal Controls Requirements Inform the President of any new inside control prerequisites if the organization chooses to open up to the world. Inward controls are instruments, approaches, and methodology used to limit and screen operational dangers. So as to discourage representatives from submitting an untrustworthy or deceitful act the controls must be careful and far reaching. Be that as it may, inner controls without anyone else are insufficient. They will be compelling just on the off chance that they are fortified through culture, arrangements and techniques, data frameworks, preparing, and oversight of staff. * The essential destinations of inward controls are to: Internal controls help to give dependable information by guaranteeing that data is recorded in a reliable manner that will take into account valuable monetary reports * They additionally help forestall extortion and misfortune by protecting resources and fundamental records. * Internal controls advance operational proficiency by lessening superfluous duplication of exertion and guarding against misallocation of assets. * They urge adherence to the board approaches and subsidizing source necessities. Inside controls can be penniless down into two classes bookkeeping and authoritative controls, which is actually what the issues are with the LBJ Company. (Interior Controls Checklist) As indicated by the Sarbanes Oxley Act of 2002, all traded on an open market U.S. enterprises are required to keep up a satisfactory arrangement of inside control consistently. As LJB Company President, the individual in question ought to know that a controlled domain must be available consistently, and â€Å"that unscrupulous action won't be tolerated.† The LBJ Company must distinguish and break down the different variables that could make chance for the business and how the group can deal with those dangers. The general interior control framework needs to appear and convey all proper data inside the association, to guarantee that the imparted data has arrived at the association. As indicated by the course book, â€Å"It is critical to have testing and examining of controls to manufacture an enduring association. (Kimmel, 2009) Section 2: What the Company is Doing Right? Educate the President with respect to what the organization is doing well (they are doing a few things well) and furthermore prescribe to the President whether they should purchase the permanent ink machine. At the point when you prompt the President, it would be ideal if you make certain to reference the relevant interior control rule that applies. The organization has been doing admirably by making a reasonable domain for representatives, because of the drawn out workers that are as of now there is an astounding thing for LBJ Company. Based on what is being appeared, the chiefs and workers have an extraordinary equalization, which keeps great control and advances a group situated condition inside the organization. Another beneficial thing is that the bookkeeper is accountable for the checks and furthermore stores them into safe in his office, yet the supervisor ought to have the main key to the safe to build the observing of the checks and would likewise make a checks and parity framework. In addition if the bookkeeper isn't there out of the blue and a representative needs their check, the administrator can deal with that and not disregard any business laws by not giving a worker their check in a convenient way. The President of LJB Company, has additionally done something beneficial for needing the representatives to know about any new guidelines expected of the organization on the off chance that they choose to open up to the world. It is extraordinarily significant the President have various people fill in as an Accountant, Treasurer and Controller which will help smooth out a large number of their procedures. Along these lines, the Accountant won't be answerable for every single money related managing and again this will make balanced governance which are required to open up to the world. Section 3: Advise the President of what the organization is fouling up (they are unquestionably doing a few things inadequately). If you don't mind make certain to incorporate the inward control rule that is being abused alongside a suggestion for development. (20 focuses) This circumstance for LBJ Company has indicated that it is in away from of the interior control guideline and is running huge dangers by excluding more oversight and balanced governance. As a matter of first importance, that they have one bookkeeper who assumes the job of both Treasurer and Controller is a region of incredible hazard. The Controller and Treasurer are intended to assume inverse jobs in which they give oversight and governing rules to the next. The two positions ought to be filled by independent workers, and this change ought to be executed as quickly as time permits. In the present arrangement, the one bookkeeper has an excess of control over the procedures. Another issue is the money cabinet rule likewise leaves the organization powerless against extortion and control of assets. For instance, regardless of whether an organization representative were to act autonomously, a worker could without much of a stretch evacuate a considerable measure of unapproved assets, and it would be troublesome, if certainly feasible, to discover who did it as any of the organization workers could have been at fault. A case of the issues that emerge from the namelessness that organization representatives have inside the association, is plainly exemplified on account of the laborer who was terminated for survey sex entertainment on the organization PC. In addition to the fact that this introduces dangers of harming corporate notoriety, and download infections, yet it likewise features how the absence of individual client records and responsibility causes it so one re presentative to can conceal their vindictive activities with obscurity. The following are a few suggestions for the LBJ Company. Suggestions: 1) To present a culture of corporate duty, the CEO should start to actualize singular client represents its PCs, just as a proper money withdrawal framework, that necessitates that organization representatives register themselves with someone else or a PC framework. 2) The job of the one bookkeeper who goes about as Treasurer and Controller must be isolated into two so as not to disregard the interior control rule, and so as to limit the probability of misrepresentation. 3) The checks ought be left at the bookkeepers office, however in a protected where just two individuals approach, for example, the bookkeeper and the chief. That far more than one individual is mindful. 4) The bookkeeper taking checks home throughout the end of the week is a security issue just as presents greater open door for extortion. This training must be halted and more protects set up. This additionally is an issue with respect to individual distinguishing data on the checks of the workers and in the event that the checks become lost or taken, at that point that data is accessible to the open at this point. 5) The bookkeeper additionally being associated with the meeting procedure for new representatives is upsetting a direct result of the degree of control he has over basic perspectives in the companys everyday business. If he somehow managed to employ an assistant, he could without much of a stretch utilize that individual and his situation so as to control accounts and pull back noteworthy assets from the organization before he is ever gotten. 6) The HR Departments should likewise run progressively exhaustive personal investigations as a major aspect of their employing forms. (Ringer, 2010) End Now that the LBJ Company has gotten the suggestions to fix the issues with their interior controls, they will no uncertainty have the option to open up to the world and be fruitful. The LBJ Company ought to likewise reexamine their procedures occasionally to ensure that these new frameworks for their inward controls are fruitful. They should rethink from time to time in the event that they have to make changes also.

Getting to Know Political Essay Topics

Getting to Know Political Essay TopicsThere are many political essay topics to choose from for your essay, but you need to know what is appropriate to include in your research. Often, using multiple topics is better than just one because it helps to catch the reader's attention and it gives you more room to expand on your topic.You want to decide where your political topic should begin and then write down a few ideas for where your material will take you. This way, when you sit down to write, you can take a short step back and look at your topic list and see what it looks like before you even start writing. That way, you can have an idea of what is happening and where you need to go next.When you do want to add more than one political essay topics to your list, consider that you may need to move the topic you begin with up to the top of the list. The key is to make sure that your topic is always relevant and fresh.Keep in mind that some political essay topics may be more difficult to write about, so if your topics are too easy, your readers will be bored or may not take your political essay as seriously as you thought they would. That said, keep in mind that when your topic is too difficult, it makes it more difficult to teach the points you are trying to make to your readers.Try to write each political essay topics as something you can write a 500 word essay on. Make sure that the topics are something that you could actually complete if you had a full day to devote to it. That way, if you stick with the topic long enough, you will have something that is worth your time and the time of the reader.Look at your political essay topics and think about how you can expand them to make them unique. After all, one essay isn't going to be unique essays sell. Your political essay should be something that will give you credit and be able to get people to listen to your ideas.Remember that each political essay topics should be something that stands out and isn't too compli cated. You want your readers to be thinking about the topic and willing to consider it. For example, if you are using the previous two examples, it is important that you not use a subject matter that is too difficult for the reader.Finally, remember that political essay topics don't have to be long. Remember, it is really about making the reader want to continue with your topic. That is the essence of writing a well-written political essay.

The French Revolution - 802 Words

Hailey wells Absolute Monarch- Absolute monarch is a ruler with complete control over the government and peoples lives. They are the ones with the highest power. The had the power to raise taxes, make people starve and end peoples lives. For example, Louis XIV was an absolute monarch. Bastille Day- Bastille Day in France is celebrated on July 14th.The event is like independence day but in France. The storming of the Bastille was the start of the French Revolution. Bastille was a prison in Paris that this took place. The Third Estate of France fought against the King and Queen to lower taxes. Columbian Exchange- The Columbian Exchange was the trade between America and Europe. Plants, animals, diseases and technology were traded during this period of time. It changed ways in life, new crops helped changed diets, horses man it easier to get place to place. Declaration of the Rights of Man- The Declaration of the Rights of Man states â€Å"all men were born and remain free and treated the same† It was issued August 26,1789. All men had freedom of speech, were free and treated equals. People had the right to create laws. This was created during the time of the French Revolution. Enlightenment Thinker- Enlightenment Thinkers speak up for what they believe in. For example, politics, religion, and etc. Things were being questioned by the thinkers promoted reason and ideas. Voltaire was a Enlightenment Thinker that believed all people should have freedom of speech andShow MoreRelatedThe French Revolution And French Revolutions2006 Words   |  9 PagesAlthough the American and French revolutions both took place in the late 18th century, both fought for independence, and both portrayed patriotism, the revolutions are markedly different in their origins; one which led to the world’s longest lasting democracy and the other to a Napoleonic Dictatorship. Political revolutions in America and France happened because people felt dissatisfied with the way their country was run. In North America they rebelled against rule from a foreign power, they wantedRead MoreThe French Revolution And The Revolution1523 Words   |  7 PagesThe French Revolution was a time rife with violence, with many revolutionaries using extreme actions to overturn the French Monarchy and create a government based on equality and justice, rather than tyranny and despotism. This violence reached gruesome and terrible heights throughout the revolution, but was justified by the revolutionaries, who believed that their goals of total equality, the end of tyranny, and the return to a virtuous society, allowed them to use means necessary to attain theseRead MoreThe French Revolution And The Revolution1336 Words   |  6 PagesAnalysis The French Revolution was such an important time history. Not only was it a massacre with many lives being lost, including that of Queen Marie Antoinette and her husband King Louis XVI, it was also a time of great political turmoil which would turn man against man that being the case of Edmond Burke and Thomas Paine. Edmond Burke a traditionalist who believed the people should be loyal to the king against his former friend, Thomas Paine a free thinker who believed in order for things toRead MoreThe Revolution Of The French Revolution1040 Words   |  5 PagesWhile there were political and social causes of The French Revolution the most important cause was actually economic. A few years before the French’s revolution the French spent approximately 1.3 billion livres, 13 billion dollars, on the American Revolution. This gracious contribution caused trouble at home. The French Revolution was one of the most important events in history. While it changed the social structure in France it also affected many different countries across the world. â€Å"the treeRead MoreThe French Revolution And The Revolution1640 Words   |  7 Pages The French Revolution is often seen as one of the most influential and significant events in world history (Voices 9). The surge of rebellion present in those against the old regime, or Ancien Rà ©gime, inspired reformers for generations to come. Nevertheless, the French Revolution would not have occurred without the aid of the Enlightenment Thinkers, or Philosophà ©s. These Philosophà ©s’ ideas sparked the French Revolution. Prior to the French Revolution, France was radically different. It was theRead MoreThe French Revolution And The Revolution1321 Words   |  6 Pages The French Revolution The French Revolution was an iconic piece of history that help shape the world. It was a time were great battles occurred. Blood sheds happen almost every day. The streets were red by the blood of bodies that were dragged from being beheaded. The economy was in bad shape. But before all of this the French had a few goals but there was one goal that they all wanted and that was to get rid of the monarchy. This idea did not arrive out of nowhere, the commoners were influenceRead MoreThe French Revolution And The Revolution1223 Words   |  5 Pages French Revolution As the Enlightenment began in the middle of the 17th century, people began to use reason rather than stick to tradition. New Enlightenment ideas spread throughout Europe such as ideas on government. Enlightenment thinkers such as Rousenan believed that the best government was one formed with the general consent of the people. Other Enlightenment thinkers such as Voltaire and Montesquieu believed in freedom of speech and a separation of power within the government. All of theseRead MoreThe French Revolution And The Revolution1221 Words   |  5 PagesWhen people think of the French Revolution, they immediately think of the country of France and how the Revolution affected it. What most people do not think about however, is how the Revolution affected other countries, specifically the country of England. England was affected positively and negatively by the Revolution in that there was an increase of political involvement, but there was a collapse in the economy due to war declared by France. The French Revolution created a battle of conflictingRead MoreRevolutions And The French Revolution956 Words   |  4 Pages Revolutions are a common occurrence throughout world history. With the amount of revolutions in history, there are those that get lost and those that are the most remembered or well known. One of the well known revolutions is the French Revolution which occurred in the years 1789 to 1799. Before the French Revolution, France was ruled by an absolute monarchy, this meaning that one ruler had the supreme authority and that said authority was not restricted by any written laws, legislature, or customsRead MoreThe Revolution Of The French Revolution1636 Words   |  7 Pageswas an old fortress that had served as a royal prison and in which gunpowder was stored. This will be the place where Parisian crowds will lay siege on and use the gunpowder for their weapons, and this will become a great turning point in the French Revolution. 3) The Great Fear was the vast movement that the peasant insurgency of sacking nobles’ castles and burning documents would blend into. This attack was mainly because of seigneurial dues and church tithes that weighed heavily on many peasants

The Cask Of Amontillado William Shakespeare - 1450 Words

Melanie Bottini Ruiz-Velasco English 221 Final Paper 17 December 2014 The Cask of Amontillado: Shakespeare in American Literature There are a few names in literature which represent the ability to captivate an audience with suspense and gloom. Though masters of different genres, Edgar Allen Poe and William Shakespeare both embody this unique ability. One of Poe’s work in particular resembles the beauty and darkness that is found in Shakespeare’s tragedies. In the intriguing short story â€Å"The Cask of Amontillado,† two wealthy gentlemen from an Italian, wine-loving village go off to find a barrel of expensive medium-dry sherry to share amidst a happy carnival, and the stakes rise when one of the men betrays his friend, chaining and trapping him deep in the catacombs. The jolly and fun-loving Fortunato is assumed to be unfortunately slowly killed by the narrator, Montresor. The relationship between these two men and the struggles presented throughout the entire first-person recollection of the fictional Montresor created by Edgar Allan Poe uses many of the literary elements that are promin ent in William Shakespeare’s revenge tragedies. The most basic elements of this story have direct connections and references to the Bard’s works and style. The story is set in an Italian town amidst a drunk and merry festival. Fortunato is wearing bells and a conical hat, compared to a jester in his lighthearted celebratory nature. In contrast, Montresor is a manipulative and spitefulShow MoreRelatedWilliam Shakespeare s The Cask Of Amontillado 1533 Words   |  7 PagesMujahid Ali Syed Professor Herbert English 2 4/9/15 Much Ado About Amontillado â€Å"The Cask of Amontillado† is a story centralized on a man’s burning desire to achieve a pure state of revenge. The imagery in this story is of great importance as it is integral to the plot of the story. In addition, the symbolism of the surroundings and objects in the story play a huge role in how the story unfolds and takes shape. Also, arguably the most dynamic literary device in the story is irony as it maintainsRead MoreThe Cask of Amontillado by Edgar Allan Poe852 Words   |  4 Pagesand his own gloomy mind. On the basis of A Cask of Amontillado and The Tell-Tale Heart, we can deduct that despite the uniqueness of Poe’s works there are some recurring elements in Poe’s short-stories. Generally, if anyone wanted to write a Poesque short story, here are the ingredients: a fine case of murder, a big spoonful of madness and a pinch of revenge. Despite Edgar Allan Poe being one of the inventors of detective fiction, the Cask of Amontillado and The Tell-Tale Heart are not about detectionRead MoreTerm Paper Edgar Allan Poes Infatuation with Death1498 Words   |  6 Pagesliterary style. By temperament and mournful personal experience, Poe was drawn into the contemporary cult of death (Kennedy 111-33.) In his shocking and lurid tales of horror, The Masque of the Red Death, The Tell-Tale Heart, and The Cask of Amontillado, Edgar Allan Poe reveals his obsession with death and suffering through the development of his characters and the shocking situations he exposes. The introduction of Poes famous short story, The Masque of the Red Death illustrates theRead MoreAlliteration In Leda And The Swan By Ray Bradbury1852 Words   |  8 PagesBurn it.† The reference to the books Little Black Sambo and Uncle Tom’s Cabin show allusion (Bradbury 57). Ambiguity: is a word, phrase, or statement which contains more than one meaning (Literary Devices). Example: The poem â€Å"Leda and the Swan† by William Yates states, â€Å"Above the staggering girl, her thighs caressed By the dark webs, her nape caught in his bill, He holds her helpless breast upon his breast.† The words â€Å"caressed† suggest that Leda gives consent to the bird, but the words â€Å"helpless†Read MoreLiterary Comparison Theme Essay example1528 Words   |  7 PagesLiterary Theme The Cask of Amontillado is an 1846 short story by Edgar Allan Poe, which gives an account of Montresor, a man who executes a plan of vengeance against his friend, whom he claims insulted him. As the narrator in the story, Montresor provides a vivid image of his plan to lure Fortunato to his death, which ends in the eventual live burial of Fortunato. The theme of revenge is the most prominent element of this story, which enables the reader follow the narrator’s character, thus gainingRead MoreEssay on Revenge In Two Literary Works1593 Words   |  7 Pagestheme is cleverly built upon throughout Hamlet; with it being the driving force behind three of the key characters in the play. Revenge is a frighteningly vicious emotion, which causes people to act blindly and without reason. In Poe’s, â€Å"The Cask of Amontillado†, Montresor enacts revenge for reasons unknown. Hamlet in contrast, has all the motive in the world to complete his task; yet he constantly hesitate s. The text reveals that the need for revenge creates a stranglehold on the genuine emotionsRead MoreAnalysis of Poes Successes and Failures in Poetry and Fiction1745 Words   |  7 Pages and his word choice was poetic and sonorous, drawing lengthily upon the use of the gloomy o and r sounds to effect a feeling of melancholy. The same effect is found in his fiction as well for example, in the name of Montressor of The Cask of Amontillado and in the name of the cat Pluto in The Black Cat. However, Poe desired to write more seriously on literature and its state in 19th century America but his essays, while praiseworthy, made little impact on society. As Malcolm Bradbury assertsRead MoreEmily Bronte s Hamlet And Wuthering Heights 1307 Words   |  6 Pagestragedy was founded on the Elizabethan stage with Thomas Kyd’s The Spanish Tragedy in 1587. This play created the revenge theme in English literature. Then William Shakespeare, influenced by Thomas Kyd’s The Spanish Tragedy, wrote his tragedy, Hamlet (between 1599 and 1602.) Most scholars argue that the revenge tragedies of William Shakespeare and his contemporaries proceeded from Roman Tragedies. There are some protocols of Revenge in literary works which are often madness, murders, or a ghost ofRead MoreMajor Movements Of Poetry : Poetry, Comedy, Ode And Lyric Essay1383 Words   |  6 Pagesa common practice. †¢ Romantic Poets – The Romantic period was based on the work of seven poets. It was rooted in heartfelt, personal expression. It is regarded as one of the greatest movements in poetic history. It began in the late 1790s with William Blake and ended with Lord Byron’s demise in 1824. †¢ American Transcendentalists (1836-1860) – The transcendentalists, which included poets such as Emerson, Louisa May Alcott, Thoreau and Nathaniel Hawthorne, organized a cohesive movement againstRead MoreSimilarities Between Edgar Allen Poes Life and His Literary Works1357 Words   |  6 Pagesreceived a strict boarding school education. He enjoyed the challenges this school brought to him. William Wagenknecht says that in Poes later story, William Wilson, about a man who struggles with the concept of good and evil, the good character was based on Edgars happy times in England.(15) With Poes newfound wealth, he immersed himself in the arts. He would often quote Cervantes or Shakespeare and add that he was envious of their literary genius. At the tender age of fifteen, someone offered

The Disaster Of Nuclear Reactors - 1057 Words

An earthquake centered 130 km off shore of the city of Sendai in Miyagi caused 11 nuclear reactors that were operating at 4 different nuclear plants to shut down on March 11, 2011(Fukushima Accident, 2015). The earthquake had a magnitude of 9.0, which is classified as one of the worst earthquakes/ greatest earthquakes on the earthquake scale, the tsunami following the earthquake was about 560 sq km resulting in over 19,000 human deaths. The earthquake and tsunami caused the following nuclear units to shut down, Tokyo Electric Power Company s (Tepco) Fukushima Daiichi 1, 2, 3, and Fukushima Daini 1, 2, 3, 4, Tohoku s Onagawa 1, 2, 3, and Japco s Tokai, total 9377 MWe net (ibid). Nuclear plants create energy through radioactive substances that help the creation of energy. Substances can become radioactive because the nucleus of each atom is unstable and can decay giving off nuclear radiation in the form of alpha particles, beta particles or gamma rays (What is Radioactivity, n.d.). Most power reactors use water as a coolant, in light-water reactors, the core is surrounded by the coolant under pressure. The nuclear fuel contains uranium that contains 2 to 4 percent uranium-235. For fuel rods the uranium is changed to uranium dioxide (Nuclear Energy, n.d.). Heat is created by the uranium-235 atoms splitting which is called fission then steam is made which spins a turbine to drive a generator and produces electricity, this is a nuclear reaction. Fukushima are boiling-waterShow MoreRelatedA Note on the Chernobyl Nuclear Disaster974 Words   |  4 PagesChernobyl Nuclear Disaster: The Chernobyl Nuclear Disaster is an accident that took place at a nuclear power plant in Ukraine in April 1986. The accident was because of a flawed Soviet reactor design, severe mistakes by the plant operators, and direct result of Cold War isolation. As the resultant steam explosion and fires emitted radioactive reactor core into the downwind and the Earths atmosphere, the accident was also attributed to the lack of any safety culture. The Chernobyl Nuclear Disaster wasRead MoreChernobyl Informative Speech Essay1181 Words   |  5 PagesAttention Getter: There are currently 442 active nuclear power reactors worldwide according to the Nuclear Energy Institute. Of all of the reactors worldwide, 14 have been classified as accidents where the public has been exposed to radiation. The most devastating of these incidents was the core meltdown of reactor 4 at Chernobyl, better known as the Chernobyl disaster. Introduction: Today I am going to tell you 3 things about Chernobyl. * First, I am going to tell you what Chernobyl wasRead MoreThe Threat Of The Chernobyl Nuclear Plant956 Words   |  4 Pagesbecame a byproduct of humanity s endeavors. A Disaster is a type of destruction where problems connect to one another to have a chain effect, and cause the problems to add up increasingly. Subsequently, if we allow the problems to continue without looking at the future ahead, the results can be deadly. A perfect example of a cause and effect disaster is at a nuclear plant named, Chernobyl in Pripyat. The disasters that occurred at the Chernobyl nuclear plant are a clear example of how we as engineersRead MoreThe Disaster Of The Chernobyl Nuclear Disaster1504 Words   |  7 PagesEngineering Disaster Newton’s third law of motion states that for every action there is an equal and opposite reaction; this law is not only applied in our studies but in our daily lives. For engineers, this is a law to live by; reminding each engineer that each of his/her actions will have an equal consequence whether it is good or bad. Engineers are trusted and respected individuals who represent not only themselves but the profession as a whole; their title gives them a great responsibility andRead MoreThe Chernobyl Tragedy : A Safety Test For Reactor Four1199 Words   |  5 PagesThe Chernobyl Tragedy What started out as a safety test for Reactor Four of the Chernobyl Nuclear Power Plant ended in what is known to be the worst nuclear accident in modern day history (Ingram, 2005). Why? The Chernobyl nuclear accident is the only one, in the history of commercial nuclear power, in which fatalities occurred due to radioactive particles being released into the atmosphere (Nuclear Energy Institute, 2015). It was unique. Unique, not only due to deaths from the radiation releasedRead MoreThe Growing Demand for Energy1219 Words   |  5 Pagesenergy sources has led to the advent of very unconventional and often controversial sources. One such source is nuclear energy. Since its first commercial introduction in 1960, nuclear energy has grown to become a major player in the energy sector generating 14 percent of the worlds electricity. However, some countries are more dependent on this power source than others. France relies on nuclear for 75.2 percent of its electricity. (National Publ ic Radio, 2011). This potential to generate enormous amountsRead MoreDifferent Types of Nuclear Energy Essay1090 Words   |  5 PagesAs a source of energy, nuclear energy provides a safer alternative, for the production of energy for large-scale consumption. There are two different types of nuclear energy; nuclear fission and nuclear fusion. Nuclear fission is the process in which a nucleus spits into two or more smaller nuclei. Nuclear fusion is the process in which two nuclei fuse together to form a larger nuclei. Nuclear reactors can become unstable creating an uncontrollable nuclear reaction. The effects of this can be seenRead More Chernobyl Essay863 Words   |  4 PagesChernobyl On April 26, 1986 disaster struck the world. It was not a disaster like any other before. A new type of death was now shown to the world. Although during World War II people encountered radiation sickness and death, that was sadly intended. The explosion at the Chernobyl nuclear powerstation was undoubtedly the worlds largest nuclear accident. That was the difference. It was accidental, and although innocent people were killed or made sick in the past from radiationRead MoreThe Horrific Chernobyl Accident Essay968 Words   |  4 Pagesin Ukraine the catastrophic and disastrous nuclear accident occurred labeled â€Å"The Chernobyl Disaster† occurred. The catastrophe is recorded to be the worst nuclear power-plant accident to date and the first classified as a level seven event on the International Nuclear Event Scale. The estimated cost of the damage inflicted is a total of eighteen billion rubles. The loss of life sparked by the ordeal official thirty-one peo ple by direct cause. The disaster has had a prolonged effect to environmentalRead MoreEssay on Could the Chernobyl Disaster Have Been Prevented?1249 Words   |  5 Pages A- Plan of Investigation- For my Historical Investigation, I wanted to research the catastrophic nuclear meltdown that occurred on April 26th, 1986 at the Chernobyl Nuclear Power Plant in Ukraine. My research question is: Could the Chernobyl disaster have been avoided, if so, which moments in the chain of events leading to the accident needed to occur differently? To carry out my investigation, I plan on utilizing the Internet, encyclopedias and finding books that explain how accidental Chernobyl

Australian Retail Banking Industry for Economics- myassignmenthelp

Question: Discuss about theAustralian Retail Banking Industry for Economics. Answer: Introduction It is identified that the Australian Retail Banking industry comprises 4 major publicly listed banks which together hold over 80% of the market share. The remaining is shared between 20 or so different smaller organisations.The main aim of this paper is to discuss the major features which characterise the economics of firms in this industry. Additionally, it also describes a suitable market structure that best describes this industry. It also presents an analysis of the economic and pricing policies that would be expected to find in this industry. In last, it also provides recommendations for a bank for pricing its retail banking products and services. Major Features which Characterise the Economics of Firms in this Industry Economies of scale can be a force to reduce competition in the Australian retail banking industry. Firms or major banks can spread fixed costs across a wide range of activities and thus, they are able to take advantage of economies of scale (Assessing competition in the Australian banking market, 2010). Similarly, economies of firms in this industry also affect on the underlying cost of a banking business in different ways such as ADI's credit rating, spread the cost of complying with regulations, IT synergies, payment systems, and financing infrastructure investment in branch networks. It can also be summarized that economies of firms in this industry can be derived from branch network presence, IT capabilities, dispersing risk, and discretionary overheads such as finance, and marketing (Assessing competition in the Australian banking market, 2010). The below are the main features that characterise the economies of firms in this industry: Product Innovation: Continuous product innovation is the main characteristic that qualifies for the economies of firms in the retail banking industry of Australia. As the technologies is changing quite fast, customers expectations from banking and all services are also changing accordingly and banks need to innovate. Over some recent years, technological advances created a key source of innovative models in retail banking. The main reason behind this is that digital offerings have the potential to reduce banks operating costs as well as the intrinsic value to customers. In this, it can be summarized that the use of advance technologies supports banks to reduce dependence on labour and physical presence as well as greater efficiencies (Deloitte, 2014). At the same time, as digital technologies provide convenience to consumers of retail banking products, these are valued by customers. Successful innovation by banks supports them to quickly capture increased market share and attain first mover advantage. C oncurrently, it can also be summarized that to attain economies of firms, banks should develop means to deploy innovation at a lower cost, continuously innovate and encourage customers retention rate. Product Features: Product features also help in characterising the economies of firms in this industry. It is because product differentiation allows retail banks to charge a premium to present the additional value that is gained by customers. Bundling is one method that is used by Australian banks in this industry to differentiate their products (Deloitte, 2014). This method is beneficial for banks to create more value for customers by reducing their administrative and internal duplication costs. Branch Network Presence: A bank with high branch network presence also reflects an important feature, which characterize the economies of firms in this industry (Assessing competition in the Australian banking market, 2010). In this, an efficient branch network presence helps in spreading the fixed costs across a wide range of activities resulting in reducing overall business cost and attaining economies of scale and competitive advantage. IT Capabilities: Significant investment in IT capabilities is also an important characteristic of economies of firms in this industry. It is because these support firms to ensure continuous innovation at low cost, which are valued by customers. A significant part of the banking presently is driven by the IT factors like Net banking, ATM transactions etc. Banks need to invest significantly in this aspect. Market Structure Best Describing this Industry On the basis of certain features such as size of the market, existing number of firms, number of buyers, product category, and market entry, market structure can be of four types. These include perfect competition, monopoly, oligopoly and monopolistic competition. Monopoly is a market, in which there is only one supplier, which produces goods or services with no close substitute exists (Morton and Goodman, 2003). In this market, there are three entry barriers including natural, ownership and legal that protect a firm from potential competition. In contrast, perfect competition presents to the market with many buyers and sellers of a similar product. On the other hand, monopolistic competition is a kind of imperfect competition as many firms sell products or services that are differentiated from one another either by quality or branding (Baumol and Blinder, 2015). Thus, it shows that the products are not perfect substitutes. Beside the three market structures, the oligopoly market structure is also a type of imperfect competitive market structure as few large firms dominate the market (Hall and Lieberman, 2007). The main characteristics of this market structure include few sellers, difficult market entry, and either a homogeneous or a differentiated product (Tucker, 2008). Therefore, among the four market structures, the oligopoly market structure best describes the Australian Retail Banking industry. It is because the main characteristic of this structure is few sellers, which also applies to the Australian retail banking industry (Baumol and Blinder, 2015). In this, the 4 major publicly listed banks together hold a large market share more than 80%. Additionally, to describe the oligopoly competition in this industry, it can be stated that four banks dominate the industry. Moreover, the mutual interdependence among the four major banks also puts this industry under oligopoly market structure. It is beca use the banks are in the situation in which an action by one bank can cause a reaction from other banks (Hall and Lieberman, 2007). Another characteristic of this structure includes production of either a homogenous or a differentiated product (Tucker, 2008). This feature also applies to the retail banking industry in Australia. It is because it is found that all the major banks in this industry provides either homogeneous or differentiated products. All these banks offer a wide range of products and services including credit and debit card, personal and home loan, fixed term deposit accounts and investment accounts (Deloitte, 2014). It is evaluated that all the four major banks compete with each other by differentiating their offerings in other ways including good quality of service and innovative products. Oligopoly market structure has also a characteristic as difficult entry due to high barriers such as economies of scale, huge financial requirements, control over an important resource, and other legal barriers (Tucker, 2008). All the major banks in this industry also creates high entry barriers including huge capital requirements, economies of scale and control on resources. However, globalization, change in policy, and technology are some factors that support to reduce these entry barriers. Thus, it can be stated that oligopoly market structure best describes the retail banking industry of Australia. Analysis of the Economic and Pricing Policies It is analyzed that prices including fees, interest rates, and charges are tend to be closely matched in this industry. It is because change in rates by one major bank is quickly responded by other banks including smaller players (Deloitte, 2014). It is also examined that all the competitors closely monitor each-other so that a quick respond can be made to retain the significant market share. Thus, based on this, it can be stated that competitive pricing policy would be expected in this industry. In addition to this, non-price competition would also expect in this industry. It is because it is perceived by all the major banks and other smaller banks that competitors will match any price reduction in an easy and quick manner (Tisdell and Hartley, 2008). It is found that major banks generally compete by using product differentiation as it is more difficult to combat an important product improvement. For making differentiation effective, the banks use innovation, advertising and good quality of services. Moreover, the price leadership policy would also be expected in this industry. In this, the major banks can play a game of follow the leader without a formal agreement (Tucker, 2008). It is analyzed that due to existence of oligopoly market structure, price leadership policy would expect in this industry. Under price leadership policy, a dominant bank would set the price for the industry and the other banks will follow (Baumol and Blinder, 2015). This policy also assumes that firms will not collude to avoid price competition. In addition, the cartel is another policy that would also expect in this industry. In this, the four major banks can agree to a peace treaty to avoid price wars. A cartel refers to the situation, in which firms openly or secretly conspire to form a monopoly instead of allowing mutual interdependence to lead to rivalry (Tucker, 2008). Under this pricing policy, all the major banks can formally agree to control the price and the output of their offerings. The main purpose of making a cartel would be to reap monopoly profits by making cooperation instead of competition. Policy Recommendations The Australian retail banking industry consists of number of banks licensed to conduct on banking business. Bendigo and Adelaide Bank is selected from this industry to provide policy recommendations for the pricing of its retail banking products and services. The bank provides a wide range of products and services such as commercial mortgages and unsecured loans, financial planning, personal and business banking, insurance, investment product, etc (Bendigo and Adelaide Bank, 2016). Retail banking products and services are provided by Bendigo Bank to more than 1.4 million retail customers through its branch network. Although the bank is successful to serve many regional retail customers through its offerings, however to get ahead from growing competition as well as attain and maintain market share against the larger four banks, it is essential to use effective pricing policies (Baumol and Blinder, 2015). The below are policy recommendation for the pricing of its retail banking products and services: Use of Competitive Prices: The bank should use competitive pricing policy for its retail banking products and services in order to compete successfully against the big competitors. The bank should closely monitor other banks pricing policies as well as other activities such as product offerings, degree of innovation, etc so that in adverse situations a quick respond can be made (Deloitte, 2014). It would be helpful for the firm to retain the current market share and improve profitability position. The bank should also focus on matching different prices including interest rates, fees, etc. in relation to its banking products and services. Charge of a Premium: The bank can also charge premium price for its innovative retail products and services. It is because customers are ready to pay high premium price for the products and services that are perceived by them as more quality, easy accessible and additional value created (Deloitte, 2014). The bank can also use this price for its innovative retail products and services that are of good quality and easily accessible. In addition, to make the products attractive and differentiated in the eyes of customers, the bank should use effective marketing and advertising strategies. It would be helpful for the bank to attain a considerable market share against the big competitors. Follow of Market Leader's Price: As the Australian retail banking industry is dominated by four large banks, it is likely that they develop a price leadership policy, in which it becomes essential that small retail banks follow the price that is set by the dominant bank. Therefore, the bank should also prepare to adopt this pricing policy as it would be helpful to avoid the situation of price competition in the industry. The use of all these policies can be helpful to get success and ensure long-term business survival in current retail banking industry of Australia. Conclusion From the above discussion, it can be concluded that due to operating the business on large scale, firms are able to gain economies of scale benefits. It is because firms can spread their fixed cost and also develop efficiencies to attain economies of firms benefits. It can also be concluded that branch network presence, IT capabilities, investment in product innovation and product features are the main characteristics that qualify the economies of firms in retail banking industry of Australia. It can also be concluded that oligopoly market structure best describes the Australian retail banking industry as it is dominated by four big banks, which provide differentiated products and where entry is difficult due to huge capital requirements, control on resources, and other legal reasons. It can also be concluded that due to oligopoly market structure, pricing policies such as competitive pricing, non-price competition, price leadership, and the cartel pricing policy would expect in this industry. Moreover, it can also be summarized that for a small retail bank in this industry, the use of competitive pricing policy, premium pricing, price leadership can be beneficial to ensure long-term business success. In addition, it can also be concluded from this assignment task, I have also gained various insights. I have come to know that building of IT capabilities, investment in innovation activities so that product differentiation can be attained, and strong branch networks are the main characteristics through which the banks can attain economies of firms benefits in Australia retail banking industry. I have also learned that an industry's market structure can be determined on the basis of its size, entry barriers and product offerings. I have come to know that market structures can be four types including monopoly, perfect competition, monopolistic competition, and oligopoly competition. I have also learnt that Australian retail banking industry comes into oligopoly market structure as it is dominated by some big banks. I have also learned that on the basis of the market structure, economic and pricing policies exist in an industry. I learned that non price competition, price leadership, the cartel and competitive pricing are some important pricing policies that can exist under oligopoly market structure. I have also learned that instead of focusing on prices, product differentiation, high speed access and good quality of services can be helpful for firms in this industry to attain long-term success and competitive advantage. References Assessing competition in the Australian banking market (2010) Available at: file:///C:/Users/user/Downloads/c04.pdf [Accessed: 6th May, 2016]. Baumol, W. J., and Blinder, A. S. (2015) Microeconomics: Principles and Policy. USA: Cengage Learning. Bendigo and Adelaide Bank (2016) Available at: https://www.bendigoadelaide.com.au/public/about_us/index.asp [Accessed: 6th May, 2016]. Bendigo and Adelaide Bank (2016) Available at: https://www.bendigoadelaide.com.au/public/about_us/group_companies.asp [Accessed: 6th May, 2016]. Deloitte (2014) Competition in Retail banking. Available at: https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-retail-banking-competition-010314.pdf [Accessed: 6th May, 2016]. Hall, R. and Lieberman, M. (2007) Economics: Principles and Applications. USA: Cengage Learning. Morton, J. S. and Goodman, R. J. B. (2003) Advanced Placement Economics: Microeconomics, Student Activities. UK: Council for Economic Educat. Tisdell, C. A. and Hartley, K. (2008) Microeconomic Policy: A New Perspective. UK: Edward Elgar Publishing. Tucker, I. (2008) Survey of Economics. USA: Cengage Learning.