The Impacts of Gender Roles for Society in Advertising

The impacts of gender roles for society in advertising There are lots of social roles that a person has to perform during his or her life time. The most clear and basic role is gender role. A gender role is a set of social and behavioral norms that are generally considered appropriate for either a man or a woman in a social or interpersonal relationship. Gender roles are widely between cultures and even in the same cultural tradition have differed over time and context.Most societies regulate different behavior pattern and social value regarding to gender, therefore consumer’s behavior cater for their gender role image. Men and women roles and how the roles are defined and described in the advertisement can affect individual acceptors, public's consciousness, behavior pattern and the social system. There are three impacts of gender roles for society in advertising. First of all, the gender role can make the fixed idea and change. In most societies, the members of societies hav e similar thought about a series of characteristics that the gender has.We call that fixed idea of gender roles. the fixed idea is socially shared belief and excessively simplified belief in matters of the specific target. Every society has the simplified idea about men and women and the fixed idea which regulate personality and role regarding to the gender. For example, the fixed idea about women is that women are passive, sensible, dependent, lacking in patience and internally sensitive. Vice versa, the fixed idea about men is that men are active, ideal, independent and possible for mind control. This fixed idea about men and women provided background that divide men and women role.Through the characteristic role, men work outside and women work inside for their life, and the polarization of the gender role is accepted as the best way for their work and family. This fixed idea is accepted as a natural result for a long time. People could not realize that they have the fixed idea b ecause this idea exists everywhere of society. However, now, realization of the gender roles in advertisement is changed according to the passing of time. Before women’s liberation, the fixed idea about the gender role was believed as natural phenomenon and what is bred in the bone.The pioneer of women’s liberation claim that women’s potential power and ability had been restricted because they be bred true to the fixed idea about the gender role. Also, we delude ourselves that physical, psychological and social characteristic according to the gender is real, and we define what men are and what women are. Also, we delude ourselves that physical, psychological and social characteristic according to the gender is real, and we define what men are and what women are. The fixed idea is always exaggeratedly simplified, and sometimes could be totally wrong.Also, the fixed idea exaggerates or minimizes difference between groups. The fixed idea about the gender role makes men look as if they are similar even if actually they are very different each other, so do women. Finally, the fixed idea can be usually used to justify prejudice and discrimination to member of some groups. This distorted fixed idea about the gender role cannot reflect the image of the gender role properly in modern time. Secondary, the concept of androgyny comes to the fore. According to the radical change of society, the concept of the gender role becomes changed. Androgyny is at the head of the change.Bem(1974) rendered the concept of androgyny for the first time. It means that the two character coexistent in one person. In other words, androgyny has manhood and femininity. Through the study about people who have the fixed idea about the gender role, androgyny people are more ethical, self-respected, and stable than them who have the fixed idea about the gender role(Block, 1973; Bem;amp; Lenny, 1976; Kyoungsuk Park, 1988; Jeongeun Lee, 1991;Sujung Seo), and androgyny people are more flexible and practical and have more information-processing capacity. These studies confirm the value of androgyny.As a result, the concept of androgyny develops our society and diversifies industry. Third is socialization of gender role image. Women’s role image in an advertisement affects learning of women’s social role, namely women are affected their socialization by an advertisement. It shows how much mass media and advertisement is an important information source to women. We can guess that mass media and advertisement affects consumer to form mold about other world if the mass media or the advertisement is considered as the optimum conditions for effective learning, cultural environment.Social scientists point out that the gender role description in an advertisement applies leverage on thought about society. An advertisement had a tremendous impact on a consumer when the role or image of the character is a role model. Today, day by day, we are living in nu merous advertisements. Gender roles that appear in the advertisement can change our traditional stereotypes. The advertisement appeared to reflect social change traditional stereotypes Image and appearance are mixed gender role images appear in the advertisements today.People realized that the concept of androgyny is better than a fixed idea of gender roles. Moreover, socialization of gender roles has become an important issue in our society. Image to adhere to traditional gender roles, women's social activity and a surge in traditional gender roles than in the past, the position is improved according to the hypothetical social change gradually, and social roles that appear in the structure, major changes are reflected in a market economy, the advertising is the side effects that are not suitable.Fixed according to gender in advertisements, when you think that advertising is having a big impact on the value formation of children as well as the function of promoting the sale of goods and as a medium of socialization with the public over an image or a negative image of women reassurance that the portrayal is not a desirable thing. Exercise and develop human potential is an important factor which is responsible for its leading role, the mass media and advertising, and the stereotypes tied to the gender roles of society be reshaped.Advertising like a mirror reflects a social phenomenon and as a pathway for changing gender roles in this society, the society and culture of that era and the social interaction that leads to the development direction because they share two features to create a new culture will be able to. Reference Bem, S. L. (1974). The measurement of psychological androgyny. Journal of Consulting and Clinical Psychology, 42, 155-162. Yijeongeun (1991). Study of Learned Helplessness in ministering to college studentof identity and attribution according to the type of Sookmyung Women's University Graduate School Master's thesis.

Nascar’s Racing Team Essay

How does Trader Joe’s design jobs for increased job satisfaction and higher performance? Trader Joe’s give its appreciation for its employees to increase job satisfaction and higher performance. They puts its money where its mouth is. The starting benefits at Trader Joe’s include medical, dental, and vision insurance, company paid retirement, paid vacation and a 10% employee discount. â€Å"Trader Joe’s compensate workers well. The core of this allegiance is a wage and benefits package that is typically far more competitive than that of most companies in the supermarket industry. Wages may attract high-quality employees, but wages are not necessarily the reason they remain loyal, as any human resources expert can attest. Employees stay because Trader Joe’s has created a culture of success: an environment in which everyone does the same job at one time or another and a place where people’s opinions are respected and talents are nurtured. â€Å"(Excerpted from Trader Joe’s Adventure, by Len Lewis) 1. How does Trader Joe’s design jobs for increased job satisfaction and higher performance? â€Å"Trader Joe’s has designed jobs to increase job satisfaction by showing appreciation in providing more benefits to their employees than other chain grocers. They provide starting benefits including medical, dental, and vision insurance, company-paid retirement, paid vacation, and a 10% employee discount, Pg. w-100. † Traders Joes also recruits people with certain personality traits that the company wants in their stores. They are able to enrich their employees with knowledge of their products that they are selling, as well as inducing customer involvements. As a result, they are able to have higher job performance because they are able to train and nurture their employees to have the same values and philosophy as the company, as well as granting supreme employee benefits. 2. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process planning, organizing, leading, and controlling? There are several ways to demonstrate the importance of each responsibility. First, the buyers will travel all over the world to search the great foods and buying direct from the producer to lower the costs. Second, Trader Joe’s carry only 1500-2000 products so that the customer are easy to choose. Third, Trader Joe’s managers are hired only from within the company. The future leaders should be enroll in training programs such as Trader Joe’s university the foster in them the loyalty necessary to run stores. Fourth, when something happen, Trader Joe’s will quick to respond and post their action alerts on their web site. 2. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process–planning, organizing, leading and controlling? For Trader Joe’s, they are able to demonstrate the importance of each responsibility in the management process by establishing a plan to serve quality products with natural ingredients, inspiring flavors, and buying direct from the producer whenever possible, pg. w-99. They also organize their stores to limit its stock, carrying about 1,500 to 2,000 products compared to retail mega-markets with 25,000 to 45,000 products. Through leading, Trader Joe’s support their future leaders by hiring managers only from within the company. Future leaders enroll in training programs called, Trader Joe’s University that foster in them the loyalty necessary to run stores according to both company and customer expectations, pg. w-100. Lastly, Trader Joe demonstrated the responsibility in controlling by placing standards to sell natural based ingredient products, as well as striving to offer the highest quality type foods. 3. Describe the methods that show Trader Joe’s knows the importance of human capital? Since Trader Joe’s makes such an effort to acquire qualified personnel they strive to retain their employees. Trader Joe’s is aware that retaining responsible, knowledgeable, and friendly employees will be significant to the customer service they provide. 4. Explain the value chain as it pertains to Trader Joe’s? In my opinion the value chain at Trader Joe’s begins with its employees and the methods utilized by Trader Joe’s to make them good at providing excellent customer service. â€Å"Employees are encourage to taste and learn about the product† this results in employees who are able to share their experience and expertise of the products they are selling to the consumer. Creating a helpful and customer service environment, which consumers appreciate. 5. 1. It has an extremely loyal following; it’s almost gone beyond being cult,† said Tod Marks, senior project editor for Consumer Reports. â€Å"Trader Joe’s is not conventional by any means, in terms of product mix. † With shelves stocked with unusual store brand items, like cookie butter, Thai lime and chili cashews and wasabi roasted seaweed snacks, Sue Forsyth, a 64-year-old from Brighton, said shopping at Trader Joe’s is â€Å"like an adventure. The food options are really unique,† said Brielle Berman, a 22-year-old Rochester resident. â€Å"I just picked up a bag of coconut chips. Where else are you going to find coconut chips? † Additionally, Marks, who conducted a survey last year of the leading 52 supermarket chains in the country, said Trader Joe’s is affordable and provides top-notch service. â€Å"They are very efficient operators and one of the best stores that offer the best prices,† he said. â€Å"They do a good job. Not many supermarkets are better. † 2. The magic is that Trader Joe’s focuses on Quality rather than Quantity. By carrying fewer items TJ tries to make sure that each of the product they do carry on their shelves is a Quality product and meets up to it’s standards. Also buy having fewer items it’s able to negotiate better prices from the suppliers and thus passes it on to the customer. On average I find TJ to be much cheaper than Whole Foods but the quality is the Benchmark for all to follow. One the things I love at the TJ is the bakery section, they have fresh bread baked in everyday from a local baker. This means the money goes back to the community, lesser transport costs, freshest bread for the customer and decent prices. Not to mention the bread is free from High fructose corn syrup!! 3. To remain competitive in the future, organizations will need to abandon their ideas of information hoarding and embrace knowledge sharing. Competitive success will be based less on how strategically physical and financial resources are allocated, and more on how strategically intellectual capital is managed — from capturing, coding and disseminating information, to acquiring new competencies through training and development, and to re-engineering business processes. The move from an industrially-based economy to a knowledge or information-based one demands a top-notch knowledge management system to secure a competitive edge and a capacity for learning. An organization’s ability to quickly tap into wisdom gives it a competitive edge in the marketplace. As a result, knowledge is displacing capital, natural resources, and labor as the basic economic resource.

The Advantages of Ethical Retail

Retailing The advantages of ethical retail are as follows: Higher revenues. Improved Brand, Business Awareness and Recognition. Better employee Motivation and Recruitment. There are several ethical issues to be considered in retailing. To be a throughly ethical-concerned company, we are going to take some actions to guarantee everyone from the owners to employees in our company know and understand what is ethic and make sure they act ethically during the daily selling practice. 1. Mutual integrity A mutual integrity environment is expected to establish in our company.Employees are required to be honest when dealing with the business and with their co-workers. While the business,its owners and management should be honest in dealing with them. And our company, including owners and employee are required to be honest and ethical when dealing with customers. 2. Development of ethical standards Retail salespeople need guidelines on ethical issues. An ethical standards will be developed and posted by the ethical department. Something simple which commits the business and its employees to certain behavior ought to be clearly and complete to provide a guide to day to day decisions.Because it is found that some salespeople are not aware what is ethical issues, what is the the right thing and what is not. Besides some common sense about ethical issues, there are some misconducts will be listed that they may be not realized. Charge full price for a sale item without the customers’ knowledge. Don’t tell the complete truth to a customer about the characteristics of a product. Sell more expensive product when a less expensive product would be better for the customer. Don’t offer information to the customer about an upcoming sale.Make excuses to customers about unavailable merchandise when merchandise is not in stock or is sold out. Take return from customers when you believe the item should not be accepted. Give preferential treatment to certain customers . Give your employee discount to your friends Sell merchandise that is not of good quality. Don’t Use the Customer Information privately or in other business activities. Employees are required to remember it and act it accordingly. 3. Fair workload employers in our company also need to provide a good working situation for the employees.No excessive pressure and workload of the job are allowed to put on salespeople, which place them in uncomfortable situation. 4. Good ethics demonstration Employers are needed to be ethical-concerned firstly. Employees may follow the behaviors of employers. Poor ethics demonstrated by ourselves or senior management can educate others that the business is prepared to cut corners or deal in areas of grey between what is right and what is wrong. This leads to employees themselves following this behavior and acting against the business but doing no worse than they have seen a more senior person do.When comes to social responsibility and environment concerned,we are going take some actions in our daily retailing practice. 1. Better inventory management Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. It helps in controlling the costs associated with the inventory. Since our warehouse where our inventories placed are not located near our retailing store, it needs vehicles to transfer the products when they needed.Through a better inventory management, we can lessen the times of transportation, so as to reduce the pollution of the environment and cost at the same time. 2. Shorten opening time reasonable As it known to all,electricity and water are used during opening time of retailing store. However, electricity are wasted during low consumer flow when only few people in the store. An investigation is conducted to show the consumer flow statistics and we are going to rearrange our opening time accordingly to reduce the electricity and water consumptio n.Environmental friendly packaging Over-packaging or packaging with no-environment friendly material are also needed to be eliminated concerning of environment. Therefor, switching over to environment friendly packaging materials is our first step. Recycle Bags are going to sell in low price in our retailing store instead of plastic bags. Consumers who bring the bag back can have 10% discount at all items. It is a good way to avoid plastic pollution, in the other hand, it is also a good promotion way. 4. Undertaking activities that are beneficial to the societyTo build good ethical-concerned image of our company, we plan to undertake activities that are beneficial to the society. For example, this season, our theme is about pets. We consider to join a series of activities held by PETA, People for the Ethical Treatment of Animals, it is the largest animal rights organization in the world, with more than 3 million members and supporters. To show our company is animal-friendly, we are going to join â€Å"Shopping Guide to Compassionate Clothing: Vegan Companies† of PETA, which defines as company sells only animal-friendly, cruelty-free products. Promotion 1.Public-interested ad Public-interested advertisements about every season’s ethical emphasis are going to made. This season,considering our brand is sportswear and the ethical emphasis is animal rights, we are going to place our advertisements at the paths and space specially for pets and their owners, for instance Wan Dog Park, Pet World, Peel Rise, Discovery Bay, Sai Kung, Clearwater Bay and so on. Considering our target customers who are animal-lovers , they play with their pets in casual wear. They may be attracted by our public-interested ad: a man in our clothing playing with dogs harmoniously.

How did abolitionism, women's movement rights, and immigration change Essay

How did abolitionism, women's movement rights, and immigration change the nations of the Western Hemisphere - Essay Example (http://www.infidels.org/library/historical/robert_ingersoll/civil_rights.html) The 13th Amendment built up for the country, after the amendment was adopted the slave pen at that time was destroyed and in its place they put the Statue of Liberty. The amendment wasn't just about freeing slaves, but more on the side of making equal rites for everyone, making colored and whites the same. The amendment caused the damage of every incriminating evidence of 'slaves', ignored the reports against freedom, took away the word 'white' and its meaning, and took away the right to own a man. Prior to the Civil War, the constitution didn't have specification for voting because laws weren't governed by the constitution or the federal law, but only a few of the northern states allowed the free 'colored' men to register and vote. But right after the War, congress adopted the Military Reconstruction Act of 1867, which let the confederate states be a part of the union under the condition of universal male suffrage. The 14th Amendment, in 1868, gave citizenship to everyone born in the US, which in turn meant that only males could vote.

Mickve Israel Research Paper Example | Topics and Well Written Essays - 1000 words

Mickve Israel - Research Paper Example The architect of the building also reflects the desire of the Jewish community to come up with a building that look like the existing churches of the city and provide a worthy and prominent existence to the Jews in America. The site for the building was also selected keeping in view this desire. The design of the congregation is appropriate for its prominent Monterey Square location. The design of the building stands alongside the Savannah churched without standing out as different structure. During the American revolutionary war, the formal prayer services were suspended at the congregation however, in 1786, it was formally recognized as K.K. Mickvah Israel and special space was allocated and rented to be used as synagogue and many worshipers were attracted to this place. In 1790, the charter for the Parnas and Adjustas of Michve Israel was authorized by the governor of Georgia and the congregation is still in operation under the same charter. In 1793, there were some financial problems faced by the congregation due to which it gave up its leased space and the services began to hold at the homes of the members of the congregation. However, the formal structure of the congregation was maintained and the officers were also elected as usual. The congregation also has the honour of standing as the first Jewish community centre that received the letter from the U.S. president after which the congregation president also sent letter to the U.S President George Washington congratulating him on his election as first President of the United States. The construction of the building for the synagogue was stated in 1818 when the city of Savannah granted a plot of land to the congregation. A small wooden building was built at the northeast corner of Liberty Street. The building was completed in 1820 as the first synagogue to be established in Georgia. In 1829, the building was destroyed by the fire and

Rhythm and Blues Research Paper Example | Topics and Well Written Essays - 500 words

Rhythm and Blues - Research Paper Example This essay declares that  the increasing fame of Rhythm and Blues among the African Americans resulted in the genre becoming popular as work songs, gospel songs, and church hymns, ballads, and lyrics as well as secular music. Combining the two styles of music into one genre instilled strong emotions among the singers and lead instruments thereby reflecting soulful and melodic blues with rhythmic force and concentration.According to the report findings the recent years have witnessed Rhythm and Blues music receiving widespread criticisms for various reasons. Although singers have been praised for being soulful and capturing emotions of the audiences, the genre has been associated with negative activities in the society like sex, selling drugs, and domestic violence. Most of the early artists who performed Rhythm and Blues were associated with drugs and sex. Even the terms used to identify the stars portrayed the aspects of sex and drugs. For instance, some of them were identified as hard-living and hard-drinking characters. As the fame of musicians increased, the number of followers increased. Male musicians had a big number of female followers, who spent time together and were willing to engage in sexual activities. The dance styles and style of dressing among musicians and other characters in the music videos has been described as lewd, due to its explicit contents.  The behavior of most artists has been considered as strange. In fact, there are other artists who have confessed being addicted to alcohol and other drugs like heroin and cocaine.

Choose an international business that interest you. Identify Essay

Choose an international business that interest you. Identify challenges in its business environment that are of current strategi - Essay Example Therefore it becomes imperative for an organization to carry out some research works prior to starting any business operation. Most of the organizations around the world depend heavily upon the market research and environmental analysis to develop preventive measures for themselves. For a growing business there are even more challenges compared to a business that has already been established. As the business unit starts to grow, along with the opportunities, various challenges also come up and then it needs a range of solutions. However solution that worked in one situation might not be suitable during another situation due to changing business environment (Infoentrepreneurs, n.d.). In addition to facing the challenges of the present day business, it has become imperative to achieve incessant developments of the organizational competencies, expertise, skills and capabilities of the employees (Sarlak, 2010, p.38). In this context of the study, the organization chosen to depict the bus iness challenges and to suggest a possible solution for the company is Aston Martin. The primary rationale behind choosing the organization is that, there have been numerous reports which illuminates that Aston Martin is faced with different types of business challenges. Thus in order to get deeper insights of the issues as well as to offer solutions to it, the study has been carried out. It will highlight the marketing and promotional strategies of Aston Martin and thereafter in-depth analysis of the internal and external environment of the company will be carried out. The next segment will identify the challenges faced by the company and possible solutions will be suggested. Finally the report will conclude highlighting the key findings and important points of the study. Nevertheless before getting into deep a brief introduction of the chosen company is presented below. Aston Martin: A Brief Overview Aston Martin Lagonda Limited or what we usually call Aston Martin is the designer , manufacturer and marketers of deluxe sports car. The company was founded in the year 1913 by Lionel Martin and Robert Bamford (Pigott, 2005, p.134). It is presently headquartered at Gaydon, Warwickshire, United Kingdom. From the year 1994 to the year 2007, the company operated as a subordinate of the Ford Motor Company. The company specialized in manufacturing sports cars. As of 2010 the company had employee strength of around 1250. Also according to the reports the revenue of the company of 2010 was ?474.3 million. The major competitors of Aston Martin include SRT Viper, McLaren Nissan, Ferrari and Bugatti among the others. Aston Martin primarily targets the higher income group or elite group of customers. Likewise the company positions itself as a company that is offering value to the customers since long with unmatchable luxury and performance. The company has faced a number of issues and challenges from the time of its inception. However every time the company has successfully overcame the challenges. Challenges and resistances never depart away permanently and therefore at every point of time the company has to deal with the challenging business situations. The next half of the report will shed light on the marketing mix and the promotional techniques used by the company to carry out the operation

Faith Diversity, First draft Essay Example | Topics and Well Written Essays - 1250 words

Faith Diversity, First draft - Essay Example At a physical level, that person may agonize pain, but their mental temperament is composed. His or her mental level is able to reduce the physical pain. Owing to that person’s mental temperament, the immune system is energized to fight the disease. At times, someone is at peace in tolerating physical pain or death in an ideal way, without suffering from it. A Buddhist have preference to calm and peaceful environments. Diet and exercise are fundamental constituents of healing or preventing disease in Buddhist. They pray and meditate frequently to stimulate relaxation and healing. If sickness does occur, many have faith in using the mind to help overcome it. If certain anything happens, there is belief that a person has caused that event to occur. Following death, Buddhists do not disturb the body for as long as time allows. The first 49 days after a person decease are very significant. This is the time during which prayers are offered before the new life, rebirth, begins (Andreasen, 2011). According to a Buddhist, if a medical doctor is very educated but not compassionate their medicine is ineffective. The beginning of trust comes with pledge, a sense of duty, and a sincere sense of concern. Buddhist doctor of medicine treat their patient as if they are their own child. This is the perception and spiritual beliefs a Buddhist individual has when cared for by health care providers (Katō, 2011). Shintoism is a lifestyle, not a religion. They show is excessive respect for nature and when Shintoists are adjacent to nature they are adjacent to their kami. Kami are spirits with mystical influences they worship which are often portrayed as a variety of objects in nature such as trees and animals. Shintoism shows a strong aspiration for sanctification in all sides of their life and this can be perceived through their ceremonies or in their way of philosophy. Shintoists, when a person dies, they believe that he is reincarnated. The spiritual perspective on

Discussion #2 Essay Example | Topics and Well Written Essays - 500 words - 1

Discussion #2 - Essay Example While operating a business, you won’t be surprised learning that in places like Mexico, the presence of religious images such as the Guadalupe Virgin is the fundamental motivation in work areas. Similarly in Brazil, accomplishing a task is not a priority as people rely on â€Å"Jogo de cintura.† People here believe in last minute rush and therefore, having plans does not work with them. Truly indicating how culture influences the practices & styles of work in the Latin America. Corporate training is essential for the general success of a business and so is its conduct in Latin American countries. Training here is not based on professionalism but rather on traditions, and when done contrary, it draws significant internal conflicts. When the employees here realize, that management techniques do not fit well with their local tradition, some practices are rejected. Traditionally, Latin companies devote little part of the budget for training. The result is a shortage of the technical workforce and skilled personnel in the Latin region. Human resource operations in the Latin America, especially recruitment and personnel management are defined from a cultural perspective and embraces nepotism widely. In the recruitment of new employees, priority is given to family members and close relatives of the current employees. Similarly for promotion, family ties play a central role and workers put the well-being of their families ahead of Professionalism. Nepotism is influential in these regions, for instance, in Chilean corporate, selection of executives and promotions focuses mainly on age, contacts, appearance, birth-place among other factors. To establish stable and solid labor relations, personal contacts as well as friendship and social interaction are major considerations. Following the study by professor Anabella, Latin Americans have their way of confrontation during conflicts. For instance, Argentines prefer mediation

The courts of Henry IV and his son Prince Harry Essay Example for Free

The courts of Henry IV and his son Prince Harry Essay A comparison (up to the end of Act 3) of the courts of Henry IV and his son Prince Harry Shakespeares Henry IV part 1 deals with a Scottish challenge to the throne of King Henry IV led by Henry Percy (Hotspur) who was the son of the Earl of Northumberland. But it also deals with the differences of the lives at which the King and his son live, and how they differ in the time of need. In this essay I shall be carrying out a comparison of the courts of Henry IV and his son, Price Henry, also named as Hal. When I mention courts, I am describing the area of which a monarch conducts all aspects of their business, but also the inhabitants of it. The outcome I am aiming to produce is to show how the two inhabitants of different courts come together when they are needed by each other. I shall start with a comparison of the settings of the two courts. The setting of the Kings court is of many great places in which he conducts his business, such as discussions of rebellion and how to keep the country at peace. These are very prestigious and modern (in the set era) rooms and areas which would allow a select few to enter. Surrounded by high quality goods and paintings, these courts would be very solemn. They would be used for their sole purpose only, and any unneeded acts would rarely commence. Examples of this are shown, not only in the BBC Broadcast of the book, but also in the ink drawings in the novel. They show the setting to be extremely tidy but at the same time bland. These areas have no character, no feeling in them; they are merely for show. In the BBC broadcast of the book, near the beginning there is a scene in which the King is giving a speech in which he addresses his supporters in giving them the news that he shall lead a crusade in Jerusalem (among other things). This setting in which he is in is extremely royal and expensive; this helps me to explain my comparison. But also, during Act 3 in the book, there is some clear ink drawings describing the settings of his courts. These are extremely plain areas, but they have their unique points to them. But in a complete contrast of this court, is Hals: Inns, dirty apartments filled with commoners and prostitutes- that was the world of Hals. But this was also of feeling, of life, of happiness. Hals courts were rarely dull or uneventful, but full of excitement; although, for this fun and excitement to occur, the circumstances shall be rough and cheap. The main areas to socialise would be in his Royal Apartments, but also the Boars Head, an uninviting tavern in Eastcheap. They are completely opposite to the layout of the Kings areas. Descriptions would be shabby, cheap ornaments, alcohol everywhere feeding the drunks. The setting is dirty fit for a common man, not a Prince. The BBC broadcast clearly elaborates on my comparison above in the scenes in which the Prince is socialising with his friends. Also, during Act 2 Scene 4 in the book, there is an ink drawing showing the tavern in which the Prince and his comrades are socialising. It shows many drunks sleeping on tables, fighting over drinks, sitting on various items trying to settle down. But this depicts the tavern to be full of low-life people trying to drown their sorrows. Another comparison I shall make is of the types of speeches between Henry IV and Hal. Iambic Pentameter, more commonly known as Blank Verse, was the verse used in the era of Shakespeare for those more able in society. They were unrhymed lines which were ten syllables long. Here is an example below of how the Kings speech is adapted to this style, So shaken as we are, so wan with care, Find we a time for frighted peace to pant, And breathe short-winded accents of new broils To be commencd in stronds afar remote: No more the thirsty entrance of this soil Shall daub her lips with her own childrens blood; No more shall trenching war channel her fields, Nor bruise her flowrets wit the armed hoofs Of hostile paces. The King here uses different tones when speaking, first of solemnity with his views on the battle, but then with hope and determination as he encourages his supporters about the tactics of how to lead England from there on. This type of speech can adapt to any tone of voice, but also to change, mid-verse. Notice how the sentences carry on in some areas to the next line, to keep the type of speech in proportion. Anyone who had a high social stature at the time would use Blank Verse, such as a Lord of Lady. Hal and his court rarely used this type of speech. The only times he would use Blank Verse is during speeches to the public, but also to important figures in his social areas, such as his father or visitors of his (King Henry IVs). The main type of speech Hal was adapted to would be that common of the subjects of the country, such as the working class or poor. I think that the use of this showed the Prince to be not just a monarch to be feared of, but one to appreciate and respect. The speeches would use language common to the poor and not common to royalty, as in the Kings Courts. For example, as where Hal and his Court would refer to an alcoholic drink as sack, the Kings Court would use a more dignified term. This shows that a type of slang language would be used amongst the Prince and his fellows, but the King would not allow his Countrys speech to be attacked like that. There is one exception where Hal uses the Kings type of speech: this is were he talking about how he will change for the better, and become a true Prince. This is throughout Act 3 Scene 2. An example to show this will be in lines 18-28, So please your Majesty, I would I could Quit all offences wit as clear excuse As well as I am doubtless I can purge Myself of many I am chargd withal: Yet such extenuation let me beg As, in reproof of many tales devisd, Which oft the ear of greatness needs must hear, By smiling pickthanks, and base newsmongers, Health faulter wanderd and irregular, Find pardon on my true submission. The inhabitants of a court shall make up a large proportion of its character: they are the ones who decide how it is handled, but also the manner in which they are handled. The main inhabitants of Henrys IV court consist of the Earl of Westmoreland, Sir Walter Blunt, Lord John of Lancaster, and of course King Henry IV. Lord John of Lancaster was the son of the King and a possible rival to the throne if Hal deceased before his father. He was involved in the Kings plans for the country and part of his trustworthy group of advisors. The Lord w as the opposite of his wild brother, and was quick to take on responsibility in the Kings councils. Another interested in the affairs of the land was the Earl of Westmoreland. He was an ally to the King and was loyal and trusted. Sir Walter Blunt was a supporter of the Henry IV. He served as an intermediary between the King and the rebels before the battle of Shrewsbury. Altogether, along with many other small inhabitants to the court, these peopl e were highly respected in their day with many friends, but also many foes. The inhabitants of Hals court stretched from the barmaid in the Boars Head, to Falstaff, a well known thief and lowlife. Sir John Falstaff was a main companion of Hals. This character was extremely dishonourable, but at the same time easy-going. He would make a joke out of everything, but never a true word be spoken from his mouth. The only person Falstaff would look after is himself, when it came to anyone else he was never interested. After all these characteristics, he has many friends. Poins was a person interested in mockery and the simple side to life. He would be someone always ready for a joke, but also ready for anything else the world may like to throw at him. Gadshill, a companion more of Falstaffs, was a cheat and liar much like his friend. When a robbery was setup and he and Falstaff were attacked by Hal, his versions of events were same to the lies of Falstaffs. Peto, a fellow member of Hals court was also a thief- he had no respect. He was a partner in the robbery used to trick Falstaff. Another was Bardolph, one of Falstaffs disreputable pals. Falstaff calls him the Knight of the Burning Lamp, because of his red nose, caused by too much drinking. This was the bulk of Henrys inhabitants, but there were many more minor ones. Please note that there were no inhabitants which were of a good social stature, except the Prince. The courts would be subject to many different activities. Henry IV was regularly anticipating the concept of a rebellion against the empire. This is shown throughout Act 1 Scene 1 as the King is told of a challenge to thrown made by Henry Hotspur. This is some what of a surprise to the Henry as it is his own nephew making the challenge. The King was extremely confident that his own country was running itself that he had made plans to lead an army in a Crusade to Jerusalem, to fight the Turks, who were in possession of the Christian Holy Land. But this was all postponed by the news delivered in Act 1 Scene 1. Altogether, the Kings Court was set on running the country and keeping it from collapsing into the hands of rebels: this meant attending meetings with both allies and rebels in the same room. Although Hals Court had a different perception of activities- His activities were the same as an average man. His court had their hearts set on destroying the country (up until the great battle in the beginning of scene 4). Most of the scenes in this book concerning the court would be in an inn or in royal apartments, and the inhabitants- drinking. This group of friends would be regularly visiting brothels for the company of a prostitute, especially Falstaff. In Act 3 Scene 3, lines 14-20, it shall show how Falstaff explains his activities, I was as virtuously given as a gentleman need to be virtuous enough: swore little; diced not above seven times a week; went to a bawdy-house not above once in a quarter of an hour; paid money that I borrowed three or four times; lived well, and in good compass. And now I live out of all order, out of all compass. Here, he admits to being a constant gambler and to visiting brothels a significant amount of times. Falstaff is also telling of how he rarely pays back debts owed. After this speech is made, no one makes a comment about his activities, so that goes to suggest that they also lead lives similar. One activity that the whole court was involved in was a double-robbery in Act 2 Scene 1 on Gads Hill. The Prince and Poins had left Falstaff and others to commit the first robbery alone. After this, Hal and Poins had dressed also to thieve, and they now took on his friends in order to receive the stolen goods. After defeating them, the two-some left the others and returned back down the hill. Hal had planned this so that Falstaff would have to make two very dishonourable lies to him in order to retain his pride: he would need to exaggerate the amount of attackers on him, and also how they fought. This was as he had no significant marks on him to say that he was wounded and could not retaliate. As predicted, Falstaff made these comments later on in the Boars Head. In Act 2 Scene 4, lines 167-173, Falstaff tells of how he fought for hours on end against many attackers, I am a rogue I never dealt better since I was a man. This is blatantly a lie as he goes on to say things that would be unbelievable, even for a knight in battle. Finally Falstaff stumbles onto another major lie, which was on lines 223-226, he says how 3 hooded men came at him from behind, But as the devil would have it, three misbegotten knaves in Kendal green came at my back and let drive at me; for it was so dark, Hal, that thou couldst not see thy hand. Although, Falstaff made a mistake whilst improvising a speech- he added in the detail of the colour of the cloaks the attackers were wearing, then goes on to say that it was too dark to even see his hand. Now Falstaff must lie repeatedly to make up for the mistake. Overall, Hals Court and their activities are much more exciting in some tenses, but also unfaithful. Speeches in the two Courts vary in content. The Kings shall have an elegant and prestigious topic of conversation, whereas Hals is the opposite. In the next couple of paragraphs I shall explain this theory; I shall start off with the content of the Kings courts speeches. The main topics of interest shall be of rebellion, war and hot to keep the country afloat. In Act 1 Scene 1, lines 1 to 33, the King is rifling on his alliance and encouraging them to support the country, So shaken as we are our Council did decree In forwarding this dear expedience. Here he talks about how they are on top of all their troubles and shall now move on to larger targets; such as claiming back Jerusalem from the Turks. In Act 1 Scene 3, King Henry confronts the rebels who have been causing him anger. He argues heavily with Hotspur about him not agreeing to surrender captured prisoners. Throughout this scene there is one main content for the conversation; how to run the country. For example, in lines 1-9, he is apologising for being too harsh to these rebels, and admitting his mistakes in leadership. Although, Hotspur, during lines 28- 68, then retaliates that comment and admits he has captured prisoners, but then gives reasons for his treachery. But after this conversation, the King has gained some respect for this young man. During Act 1 Scene 1, lines 77-94, express the Kings feelings for his son. Yea, there thou makst me sad and makst me sin In envy that my Lord Northumberland Should be the father to so blest a son- A son who is the theme of honours tongue, Amongst a grove the very straightest plant, Who is sweet Fortunes minion and her pride- Whilst I, by looking on the praise of him See riot and dishonor stain the brow Of my young Harry. O, that it could be proved That some night-tripping fairy had exchanged In cradle clothes our children where they lay, And called mine Percy, his Plantagenet! These lines above set the stage for the conflict between Prince Hal and Hotspur. The King describes the fame and fortune of young Hotspur by calling him the theme of honours tongue. As a comparison, he states that Prince Harry has been sullied by riot and dishonour. He then refers to an old English folk superstition- fairies who switched young children at birth. Henry wishes that a fairy had switched Harry and Hotspur at birth, so that Hotspur were really his son and Harry the son of Northumberland. Hals content of speeches is significantly different- they will either be joking towards each other or plotting a new scheme. This Court would never be seen to have a civilised conversation. An example of this shall be shown in Act 1 Scene 2, lines 2-12, Thou art so fat-witted, with drinking of old sack and unbuttoning thee after supper and sleeping upon benches after noon, that thou hast forgotten to demand that truly which thou wouldst truly know. What a devil hast thou to do with the time of the day? Unless hours were cups of sack and minutes capons and clocks the tongues of bawds and dials the signs of leaping-houses and the blessed sun himself a fair hot wench in flame-coloured taffeta, I see no reason why thou shouldst be so superfluous to demand the time of the day. This shows the extent to mockery this Court would go to in order to entertain their selves. But in contrast, there is a speech made by Hal in which he is talking about how he has played everyone for a fool, and is now going to become the true Prince. This is in Act 1 Scene 2, lines 173-195, I know you all, and will awhile uphold The unyoked humour of your idleness. Yet herein will I imitate the sun, Who doth permit the base contagious clouds To smother up his beauty from the world, That when he please again to be himself, Being wanted, he may be more wondered at By breaking through the foul and ugly mists Of vapours that did seem to strangle him. If all the year were playing holidays, To sport would be as tedious as to work; But when they seldom come, they wished-for come, And nothing pleaseth but rare accidents. So, when this loose behaviour I throw off And pay the debt I never promisà ¯Ã‚ ¿Ã‚ ½d, By how much better than my word I am, By so much shall I falsify mens hopes; And like bright metal on a sullen ground, My reformation, glittring oer my fault, Shall show more goodly and attract more eyes Than that which hath no foil to set it off. Ill so offend to make offence a skill, Redeeming time when men think least I will. Here Hal is revealing his deception about his character; his theory is that people will like him more if he has a sudden change of personality and turns into a noble Prince. It shows young Hal to have an extremely complex mind and that common people are not worthy as his friends. King Henry IV and his son Hal have a very complicated relationship: they are not alike in many ways, but when it comes to the time which they are seeking salvation by each other, they have many similarities. In Act 1 Scene 1, lines 77-94, the King reveals how he wishes that the young Hotspur and his own son Hal were switched at birth, Yea, there thou makst me sad and makst me sin And called mine Percy, his Plantagenet! The above speech is explained above when I am carrying out a comparison of the content of speeches. Although, in Act 3 Scene 2, both faces admit to each other that they are in need of help from one-another. The King berates him for his behaviour and the company he keeps. This is shown in lines 10-17, For the hot vengeance and the rod of heaven And hold their level with thy princely heart? But soon he is pouring his heart out and pleading for Hal to change his ways and become a real monarch; the proof of this is throughout this scene. Although, in lines 129-159, Hal promises his father that he will be a noble Prince; an honourable Prince; a worthy Prince, Do not think so, you shall not find it so; Ere break the smallest parcel of this vow. I have now made all my comparisons relating to the courts of Henry IV and his son, Prince Harry. I have gained several conclusions throughout this piece of coursework at the end of each section. But as I final conclusion, I shall like to state what I think is occurring with the courts near the end of Act 3: Henrys and Hals courts are different in many senses, although the only occasion they join each others company is when fighting for their country; when they have a purpose.

Liquidity Ratio Analysis

Liquidity Ratio Analysis Liquidity ratio is a measure of the ability of the company to transform immediately of its assets into any other asset and pay their short term obligation due on time. This is among the important measurement which involve planning and controlling the current assets and current liabilities. Cash is among the very liquid assets compare to fixed asset which is illiquid. Liquidity ratio analysis of the company must be done first in analyzing the companys financial position. This is due to the serious problems that might arise such as potential insolvency and mismanagement by the manager. The commonly liquidity ratio used are current ratio and quick ratio for a quick check of liquidity, but there are also another component to have better understanding of companys ability to make payments to other parties such as cash cycle, working capital, accounts receivable, inventories, current liabilities. Besides the use of the liquidity ratio as determinant of firms ability to pay for short term debt, it also can be used to avoid of excessive holding of inventory. The financial analysts commonly used the specific liquidity ratio such as current and quick ratios, which allow them to make temporal or cross sectional comparison which is within the company itself or other companies in the industries. As part of it, another concept that also commonly used to identify the liquidity of the company is working capital which is calculated by deducting the current liabilities of the firm from the current liabilities. The working capital is very important measurement in determining financial stability for the company. It is health for the company to have more current assets over its current liabilities suppose to be practiced by the company. The company needs to stress on the liquidity management because from the previous research on companys balance sheet composition in Spanish found that 69 percent of the assets is current asset and 52 percent of liabilities represent current liabilities (La Porta et al, 1997). According to Petersen and Rajan (1997), the high percentage of current liabilities due to the reason that the current liabilities become one of their main external financial loans because the company failed to obtain the long term fund from the bank and other creditors. This is also supported by other researcher such as Whited (1992), Petersen and Fazzari (1993) that stated that current liabilities become one of resources due to their financial constrain. Also research done in US by Elliehhausen and Wolken (1993), Petersen and Rajan (1997) found that the US small and medium firm size depend on current liabilities when they have financial problems. The efficient liquidity management is particularly important for the big companies as well as small companies. It is rather important in small companies as highlighted by Peel and Wilson (1996). If a companys current liabilities exceed the amount of current assets, the company will face the problems to pay back the creditors in the short term. If this problem persists, the company could end up into bankruptcy. As stated by Nicholas (1991) that companies that did not concern to improve liquidity management until it was too late and reaching crisis conditions or end up on the verge of bankruptcy. Furthermore, it is important to have liquidity management in good times and it takes further importance in troubled times. The useful of liquidity ratio Liquidity ratio as part of accounting ration is important tools in financial analysis. Basically, these ratios used to identify the ability of the firm to pay it debt, to evaluate company performance as well as to access company value. According Palepu et al (2003) analysis done may be within company itself, or for the particular firm but compare for several years, compare the same ratio for the different company in same industry. From previous studies, they found that accounting ratio also useful in providing information for decision making process (Houghton, and Woodliff, 1987, Thomas and Evanson (1987, Lewellen, 2004). For some instant, liquidity ratio also useful in predicting business failures (Beaver, 1966; Altman (1968). The excess in working capital represents a safety cushion for providers of short-term funds of the company such as creditors, bank. This is also viewed positively the availability of excessive levels of working capital and cash. However, from an operating point of view, this excessive of working capital has been looked as a restraint on financial performance because these assets do not contribute to return on equity (Sanger, 2001). A lot of techniques could be applied to improve liquidity and cash positions, at the same time it can increase the efficiency of their management. At the end it would result in high profitability. These include credit insurance (Brealey and Myers, 1996; Unsworth, 2000; and Raspanti, 2000), factoring of receivables (Brealey and Myers, 1996; Summers and Wilson, 2000). The effect of liquidity management The efficiency of liquidity planning and control which include liquidity management, working capital and cash management have significant effect towards the profits. Actually, the most important is to have efficient liquidity management and the next, profitability will follow as well. The important of companys liquidity can be seen from different perspectives. Basically the idea of companys liquidity laid on the going concern concept which not involved any default in near future. The first party who interested on companys liquidity is short term lenders. These lenders interested on payment made on the debt and short term obligation because they can reasonably expected to be paid. For their own security, lenders would prefer the company with a high liquidity as their protection. For the investors and management, holding large cash balances is not the benefit activities in the company. Besides the problem due to the existence of the cash, this cash also become as extra cost to the company. The company actually has forgone the interest income from short term investment if they hold a lot of surplus cash. On the other hand, it is also necessary for company to hold cash to make immediate payments in the case to undertake rapidly the most desirable projects, and to deal without major disruptions with unforeseen problems. The amount of cash depend on expected growth and faces risk, the higher the expectation, the more the company must have a cushion of ready cash. The surplus cash on hand allow company to take advantage of new opportunities quickly. A healthy cash position helps stemming from new products, changing customer tastes or changing market conditions. Another factor to be considered for keeping on hand other liquid assets such as receivables is as a part of sales strategy of the firm. Companies usually offer their customer to take 30, 60, 90 days or more to pay for their purchases. This is to encourage immediate purchase of the customer in the big amount. Account payables are a major element of corporate finance. According to Rajan and Zingales (1995) the aggregate amount of payables in American firms was a significant part (17.8%) of total assets for all in the early 1990s. Other country such as Germany, France and Italy, also shown the very significant amount of payables which represents more than a quarter of total corporate assets, in United Kingdom payable also show significant value which represent 70% of total short-term debt (credit extended) while 55% of total credit received by firms is made up of account payables(Kohler et al., 2000; Guariglia and Mateut, 2006). In fact, payables are also important factor in emerging economies, like China, due to limited support from the banking system. The companies depending more on credit on purchases compared to other forms such as bank loans as highlighted by Ge and Qiu, (2007). Similar to Atanasova and Wilson (2004) find that smaller UK companies tend to increase their reliance on inter-firm credit to avoid bank credit rationing. However, account payable does not need fully attention for the company since it does not consumes resources but serve as short term of source of finance. The benefits arise that it could reduce the cash gap. Previous researchers have viewed the relationship trade-off between inventories and payables such as Nadiri (1969), Schwartz (1974), Ferris (1981) and Emery (1987)). Only Emery (1987) considers explicitly the trade-off between trade credits and inventories but his study does not include the deterministic variable demand framework. More recently, the study from Daripa and Nilsen (2005) has theoretically investigated how this trade-off could affect the terms of credit agreements. In their model, suppliers offer trade credit as an incentive to buyers to hold higher inventories. Normally, managements concerned with liquidity but they cannot only concern liquidity as single element because when there are shortage or excessive in receivables or inventory it usually will reflected to production, sales efforts, fixed assets or other management decision parameters, not liquidity alone. As highlighted before, receivables and inventory reflected to sales and production strategies. Working capital is also important factor in liquidity management due to its effect on the profitability and risk of the firm. Specifically, the investment in working capital is highly related with tradeoff between profitability and risk which means that if the company decides to increase the profit, they have to face the increase in risk as well as stated by Smith (1980). There are a lot of determinants of working capital such as stated by Chiou and Cheng (2006) in their study: 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. factor influence working capital such as business indicators, industry effect, operating cash flows, growth opportunity for a firm, firm performance and size of firm. The study has clearly identified that determinant of working capital 1. To represent in a picture or sculpture. 2. To represent in words; describe. See Synonyms at represent. consistent results of leverage and operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. for both net liquid balance and working capital requirements. However, Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. some variables unable to produce consistent conclusions for net liquid balance and working capital requirements of firms like business indicator, industry effect, growth opportunities, performance of firm, and size of firm. Similar study has been done by Nazir and Afza (2008) which have used both external and internal factors to explore the determinants of working capital requirements of a firm. They identified internal factors were operating cycle Operating cycle The average time between the acquisition of materials or services and the final cash realization from that acquisition. operating cycle , operating cash flows, leverage, size, ROA, Tobins q and growth while industry dummy Sham; make-believe; pretended; imitation. Person who serves in place of another, or who serves until the proper person is named or available to take his place (e.g., dummy corporate directors; dummy owners of real estate). and level of economic activity were recognize as external macroeconomic n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. factors. From the study, they found that operating cycle, leverage, ROA and q had a significant influence on the working capital requirements. Their finding further revealed that working capital management practices are also have significant related to industry and different industries are following different working capital requirements. Another study has been done on impact of the different variables of working capital management by Rehman (2006). The study have recognize that the variable including Average Collection Period, Inventory Turnover in Days, Average Payment Period and Cash gap on the Net Operating Profitability of firms has a strong negative relationship between above working capital ratios and profitability of firms. Another element of liquidity management that is also important is cash gap which has high relationship with working capital. This is supported by Gitman (1974) that mentioned that cash gap is among important factor in working capital management. Cash gap or cash gap can give significant effect towards companies profitability. The shorter the period, companies could generate high volume of profit. The value of the firm also increase with the reduction on number of days for which the account are outstanding (Teruel and Solaano, 2007). Investment in inventory and trade debtor which customers still owe to the company are not being able to pay off any of the companys obligations. It will affect as an increase in the working capital if a company is not operating in the most efficient manner. The slow collection as cash will affected the cash collection cycle. Uyar (2009) examined the relationship between types of industry with cash gap. The study is done on merchandising and manufacturing companies and found that merchandising industry has shorter CCC than manufacturing industries. He also investigate the relationship between the length of the CCC and the size of the firms and the findings indicated there is a significant negative correlation Noun 1. negative correlation a correlation in which large values of one variable are associated with small values of the other; the correlation coefficient is between 0 and -1 indirect correlation between the length of CCC and the firm size, in terms of both variable net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight and total assets. Furthermore, the study by Uyar(2009) investigate the correlation between the length of CCC and the profitability of the company. The finding showed there is a significant negative correlation between these two variables. In addition, the study by Rehman (2006) stated that managers can create a positive value for the shareholders by reducing the cash gap up to an optimal level To underline the importance of managing liquidity, Loeser (1988) mentioned the extreme way in order to reduce the cash cycle. Loeser recommended interest to be charged at the prime rate to outstanding accounts receivable and unbilled revenue. This is to encourage responsible employees and particular departments within companies to put every effort necessary to collect receivables, and thus reduce Cash gaps. Similarly, study by Fraser (1998) who argues that liquidity and Cash gap management starts with a simple task for financial managers by making certain that their billings, collections, and payables systems are operating efficiently. Management must be certain with the procedures of collecting the payment so that the cash collecting process will organized eventually. Critics and disadvantages on liquidity ratio Besides the benefit in liquidity management and working capital, it also arise some critics such as stated by Hawawini et al. (1986) argue that in order to get the relevant analysis result, it is a better for the firm to apply the concept of working capital investment in its operating cycle rather than the usage traditional concept of net working capital. This argument also supported by Finnerty (1993) which mentioned that the current ratio and quick ratio calculated in traditional liquidity ratios include both liquid financial assets and operating assets in their formula. This is according an ongoing concern point of view that identified inclusion of operating assets which are tied up in operations is not useful. Subsequently, Kamath (1989) argues that both current and quick ratios are static analysis in nature because the usage of past performance. These two ratios have the lack of information on the future cash flows and liquidity. There was suggestion by Gitman (1974), Richard and Laughlin (1980), Boer (1999), and Gentry et al., (1990) to replace the use of liquidity ratio with cash gap as a measure of available liquidity. This is due to the dynamic nature of cash cycles and also involved tradeoffs. As suggest by Kamath (1989) the Cash gaps (cash gap) can be used to replace or s liquidity ratios in measuring and predicting the nature and pattern of future cash flows. The Cash gap measures the length of time between actual cash payment on productive resources especially from the raw material and actual cash receipts from the sale of products or services. It is good for the company to have a short Cash gap because the longer the gap the longer company has to rely on the external financing. T he result was company will suffer of increasing interest cost. In Saudi Arabia the interest cost is more expensive in due to the absence of tax savings. Instead of paying taxes, national companies incorporated in Saudi Arabia are not required to pay zakat (level or fixed percentage tax required by Islamic shariah). This is due to the characteristic of borrowing cost which is as a cheap basis of financing loses its tax advantage since there is no tax on Saudi companies profits. Likewise, reducing cash gaps by any number of days will add equally to the pretax and after-tax profits. Although the liquidity ratios is a very useful mechanism to analyze financial position of the companies, the usage of these ratio must be with discretion and caution especially in making comparison among company and across industry as mentioned by Abdullah and Ismail (2008) . The reason is because the different of accounting method and treatment used by the different companies, also different in ratio definition. Subsequently the mislead comparison be made. To avoid the mislead use, the standardize guideline is required. According to Gibson and Boyer (1991), without the standardize guideline, companies will only disclose the ratio that only benefit them. Due to the lack of guideline and standard, study done in Malaysia found that only some of the company disclosure a comprehensive of financial ratio. The study also disclosed that there are differences in choice of ratio, method of calculated the ratio among the companies. This situation doesnt allow for any comparison among the company. The researcher also found that the good performance companies tend to disclose more information as signal of their good quality to attract attention of investors. Gibson (1982) the lacks of ratio disclosure discourage the information user to know about the financial position because most of the important financial ratios were not discloses. Furthermore, most companies disclose the ratios that only favorable to benefit their position Liquidity and profitability There are a lot of research done to identify the significant relationship between liquidity management and companies profitability. Evidence from previous studies supported the fact that aggressive working capital policies could increase the profitability of the company. Jose et, al (1996) proved that the US companies incurred high profit which benefit from aggressive working capital policies. In addition, Shin and Soenen (1998) identified that there is strong negative relation between the period of the firms net trade cycle and various measures of profitability. The study was done using a large sample of American firms during 1975-1994, found that reducing the net trade increase companys profitability. The study also includes market measures, such as stock returns, and operating profits. Previous research evidence that aggressive working capital management that heavily invested in high inventory level could enhance profitability of the company as highlighted by Wang (2002) who done the research for Japanese and Taiwan companies and found that the less cash gap period, the better operating performance. The research also had done in any other country such Deloof (2003) in Belgian companies which find the company could improve the profitability by reducing the number of days of account receivable outstanding as well as at the same time reducing their inventories. However, according the study by Uyar (2009) examined the relationship between types of industry with cash gap. The further finding showed there is significant negative correlation between the length of CCC and the profitability. Similar to Ramachandran and Janakiraman (2009) also found negative relationship between Earnings before Interest and tax (EBIT) EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). and the cash gap. The study revealed that calculation EBIT shows how to manage the working capital of the firm. The negative relationships reflect to the lower gross EBIT was related with an increase in the accounts payable days. Thus the study identify that less profitable company will take advantage to pay for a longer to pay their bills. At the same time company also taking advantage of credit period granted by their suppliers. The study also found that there is the positive relationship between average receivable days and firms EBIT that suggested that less profitable company will try to pursue a decrease of their accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business problems in paying days in order to reduce their cash gap. The advantages of high inventory level are reducing in cost of possible interruption in the case of scarcity products. It can overcome the problem of price fluctuation; reduce supply cost (Binder and Maccini, 1991). The other advantages associated with high level inventory that allow trade credit which act as effective price cut (Brennan et. al, 1988; Petersen and Rajan, 1997), also encourage customer to purchase their resources at the lower price. As highlighted by Emery (1997). The company also could benefit long term relationship with the customers as mentioned by Ng et, al (1999). On the other hand there is contrary argument on aggressive policies that minimize on working capital which state that it would affect the profitability of the company as stated by Wang (2002) that if the inventory level is least, the company could face reduction in its sales. Similar to Ganesan (2007) that done the research on relationship of efficient capital management and profitability in telecommunication company that he identified that the efficiency working capital management was negatively associated to the profitability and liquidity. From the finding, it shows that when the working capital management efficiency was improved by decreasing days of working capital, there was improvement in profitability of the firms in terms of profit margin. Padachi (2006) examined the trend in working capital requirement and profitability of firms. This study is done to identify the causes for any significant differences between the industries. The finding reveals that high investment in inventories and receivables was associated with lower profitability. It has a significant negative effect between the inventories investment and profitability. The findings also recognized that an increasing trend in the short-term component in the short-term component of working capital financing. This finding also agreed by Raheman and Nasr (2007) also studied on the effect of working capital on liquidity towards profitability of the company. Further the study done also recognize that there was a negative relationship between liquidity and profitability of the company. Also, they find that there is a positive relationship between size of the company and its profitability and significant negative relationship between debt used by the firm and its profi tability. The similar study also done by Afza and Nazir (2007a) and they also found the same finding as previous research. In line with the study Afza and Nazir (2007b) further investigated the relationship between the aggressive/conservative working capital policies profitability as well as risk of public limited companies. The finding reveals that a negative relationship between the profitability measures of companies and degree of aggressiveness of working capital investment and financing policies. The companies will occur negative returns if they follow an aggressive working capital policy. Another study by Lazaridis and Tryfonidis (2006) that investigated the relationship of profitability which measured through gross operating profit and working capital management. The results of the study showed that there was a negative relationship between profitability and the cash gap which was used as a measure of working capital management efficacy. In order to generate can create profits for their companies, the management must handling correctly the cash gap and keeping each component like accounts receivables, accounts payables, inventory to an optimum level. Samiloglu and Demiraunes (2008) analyzed the effect of working capital management (which highlighted accounts receivable period, inventory period and leverage) on the profitability of the firms. The study depicted working capital has a negative effect on profitability of the companies profitability . Conclusion It is very important and first step taken to study the role of liquidity management policies on profitability of a company. Normally, the company decision whether they can face higher risk due to achieve higher profit. Iif a company desires to absorbed a greater risk for bigger profits and losses, it could reduces the size of its working capital in relation to its sales. If the main interest of the companies is improve its liquidity, it increases the level of its working capital. Therefore, a company should identify a balance between liquidity and profitability (Vishnani . Shah, 2007). . Before the companies adopt any method to increase the profitability, they should evaluate the tradeoff between expected profitability and risk on inventory investment. They have to make sure that the increase in profitability is more than the risk involved.

Strategic Human Resource Management And Challenges Commerce Essay

Strategic Human Resource Management And Challenges Commerce Essay Managers use the term human resource strategies to refer to the specific human resource management courses of action the company pursues to achieve its strategic aims. For example, Dell The essence of Dells competitive strategy has always been to a low- cost leader. Thats why human resource managers use various HR strategies to support Dells low-cost aim Dell deliver most of its human resource services, not through a conventional human resource department, but via the web. A manager tools section on Dells internet contains about 30 automated web applications. This allows mangers to perform human resource tasks that previously required costly participation by human resource personnel. The internet also check job posting, and monitor their total compensation statements. This dramatically reduces the number of human resource people required to administer these activities, and thus the cost of doing so. This is turn support Dells low-cost strategy. Now a days human resource managers face three strategic challenges. 1- One (as at Dell) is the need to support corporate productivity and performance improvement efforts. 2- Employees play an expanded role in employers performance organizations like Toyotas such a high technology team-based production are largely useless without extraordinary high level of employee competence and commitment. 3- The third challenge is that employers see that their human resource units must be more involved in designing not just executing the companys strategic plan. Todays stress on going competitive advantage through people renders such arrangements inadequate. Instead, top management needs the input of the human resource team in designing the strategy, since it is the team charged with hiring, training, and compensating the firms employees. Human resource managers will therefore need a basic functional understanding of how the firm makes money. What activities and process are most critical for value creation as defined by customers and capital markets? Human resource professional need to understand the basis of strategic planning and of the basic business functions such as accounting, finance, production, and sales, so they can take their seat at the table when top management is crafting the firms strategic plan. What factors should management consider in HRM? Recruitment: Recruitment is the process of searching for prospective employee and stimulating them to apply for jobs in the organization. Recruitment Methods:- Internal existing employee Self-Applicant Supervisor/Manager Recommendation Succession planning Using Existing Contracts Unsolicited Enquires Previous Applicant Previous Employees Existing Employees Contracts. External Contacts:- Professional Referrals Job Centers Private Selection Consultants Management Selection Colleges/Universities Resettlement services Temporary Agencies Advertising/Media Press T.V/Radio Cinema/Posters Career Exhibitions Conferences/Open days 2-Job Analysis:- This is the process of getting detailed information about job. Here we give the importance of job analysis according to HRM. The Importance of job analysis to HR Manager. Job analysis has been called the building block of everything that the personnel department does. Some of the human resource activities that use job-analysis information includes selection, performance, appraisal, training, and development, job evaluation, career planning, work redesign and human resource planning. The Importance of Job Analysis to Line Manger:- Manager must have detailed information about all the jobs in their work group to understand the work-flow process. Managers need to understand the job requirements to make intelligent hiring decision. Since the Manager is responsible for ensuring that each individual is performing his or her job manager must clearly understand the satisfactorily, the task required in every job. Job Analysis Information A job description is a list of the tasks, duties and responsibilities (TDRS) that the job entitles. A job specification is a list of the knowledge, skills, abilities, and other characteristics (KSAO) that an individual must have to perform the job. 3- Training and Developing Employees. The process of teaching new employees the basic skills they need to perform their jobs. This might mean showing a new web designer the intricacies of your site, a new salesperson how to sell your firms products, or a new supervisor how to fill out the firms weekly payroll sheets. Here I again quote an example of Wisconsin-based Signicast Corp. Decided to build a new, high- tech plant, or computerized plant. Terry Lutz, the firms president, know signicast would need a new type of employees to run that plant, and new screening and training programs to hire and train them. EXAMPLE The U.S armed Forces are taking army developed video- game-type training programmers called Full-Spectrum Command and Full- spectrum Warrior for training troops in urban warfare. Honda example: When Honda decided to build a new plant in Alabama, it had to hire thousands of new employees in an area where few people worked in manufacturing. Honda and the Alabama state employment agency first screened the applications by eliminating those who lacked the education or experience. And then gave preference to applicants near the plant. About 340 applicants per six-week session received special training at a new facility about 15 miles from the plant, two evening a week. It included classroom instruction, watching videos of current Honda employees in action, and actually practicing particular jobs. Finally HR department do the final screening. They interview the candidates, review their training record, and decide which ones to hire. 4- Performance and pay/Motivation and Incentives: Financial rewards paid to workers, whose production exceeds some predetermined standard. Basically this system was started in late 80s.If any of the worker or employee gives the best of him; he/she should receive some reward in shape of pay increase or incentives. 5-PROBLEM SOLVING GROUPS Being a good manager, he should make some department or group which can help employees problems. These problems can be helping new employees or helping the old staff with legal stuff or work issue. It can be personal issues as well. Like sometimes employees are having bad time in domestic life and cannot concentrate on their work. So these groups can help and guide the employee with more broad vision. 6-IMPLENTATION OF EMPLOYE S SUGGESTIONS In SHRM this factor is very important to listen to the all employees suggestions, whether the employee is new in the company or working in it for long. New comers sometimes bring new ideas with them; it might be from their previous work place or educational institute. And the old worker can help with their experience in the same work place. Good management always keeps on having employees meetings to keep them up to date and listen to all their new and good ideas. 7-Benefits and Services:- Indirect financial and non-financial payments received by the employees for continuing their employment with the company. They include things like health and life insurance, pension, time off with pay, and child care assistance.(Gerry dessler) Verizon Example:- Verizon communication, facing strong competition and the need to reduce its employees after several managers, needed a way to convince thousands of its employees to take early retirement. In this case, Verizon required a plan that was economically sensible, as well as one that complied with different laws that apply to retirement and other benefits. 8-Coaching / Mentoring:- Employees are trained and educated through methods other than teaching classes and seminars. Chief among these are management responsibilities of coaching, mentoring, and building your organization into a learning organization. Find coaching, mentoring, consulting, knowledge management and how to build a learning organization resource. In every company now a days there is new innovations and technologies are being introduced for profit maximization and customer satisfaction, due to that every employee need to be trained and come to know about innovation how to work with this new technology. EXAMPLE: Tesco is one of leading brand in supermarket industry; recently Tesco had introduced self checkout tills. This is a big innovation in supermarket industry and due to that customer who buys only few things has been no need to stand in a long queue he just use these tills, but some time customers dont know how to use it thats why Tesco trained their employees about this innovation for the better service provided to the customers. Creating a Mentoring Culture Build a Mentoring Culture Coaching for Improved Performance Leadership Success Secrets: Leadership Inspiration Group Mentoring Tips for Effective Coaching Mentoring and Baby Boomers: Mentoring Is a Strategic Business Imperative What Do You Mean My Company 9- Team Building / Work Teams Employee contribution, teams, and employee empowerment allow people to make decisions about their work. This employee involvement, teambuilding approach, and employee empowerment increases loyalty and fosters ownership. These ideas tell you how to do team building and effectively involve people. In this concept good or experienced managers built teams in which old and experienced employees leads these teams and these peoples know system of the company and know as well how to do smart work thats why new comers follow these peoples and done better job in few days. CONCLUSION: Strategy Human resource management is relatively a new term in the management but has very many important implications. By the introduction of SHRM the organizations have managed to improve their potentials. The employees and the organizations are connected to each other through SHRM. It has been the want of the organizations to formulate new ways to produce goods and services. It is the duty of the SHRM to find the right person for the right job for the growth of any company. It is the responsibility of the HR department to find the goal achieving people from the market and also train them to gain excellence. There have been introduced new techniques in SHRM which are useful for the HR managers for the uplift and perfection of the organizations. It is the responsibility of the HRM department to find and know the problems of employees and then to solve them. By this way they can retain low employ turnover, attract new employees and also improve of the employ development. In the modern world it is important for each organization to use its full potential. SHRM helps the organization to move forward and move forward quickly

Legalizing Prostitution Essay -- Prostitution, Sex, Security

Catherine Smith is a single 42 year old woman with two children. Her job as a secretary is no longer sufficient enough to cover her bills. She does not have a college degree and her job will not cover any part of tuition if she does decide to attend college. One night, while coming home late from work, she noticed women walking around on the street counting their earnings for the night. That is when she acquired the idea to become a prostitute. The Merriam-Webster dictionary defines prostitution as the act or practice of engaging in promiscuous sexual relations in exchange for money. These type of situations occur on a daily basis. Some women really enjoy having sex, so why wouldn’t they want payment for it as well. Prostitution should be legalized in the United States. Prostitution is looked down on as an immoral activity. Some people do not even consider it to be a profession. It is indeed morally wrong but maybe it is considered so because of social norms. Women who participate in this profession are seen as harlots and tramps and a disgraceful member of society. Some of these women are addicted to drugs, they have no other choice but to be involved in the profession while others have been coerced into it. Most of their backgrounds involve terrible role models while others have parents that forced them into doing these acts. Prostitution is an internationally known trade. Internationally this trade can be found anywhere from Bangladesh to China. It is known to go back as far as 2400 BC. Within this historically and largely practiced trade comes several types of prostitution; Child prostitution, street, brothels, private, door knock, Citizens Band (CB) radio, individual, survival, and sex for drugs. Child prostitution is... ...measure, but if fine-tuned correctly and if prostitutes are taken into account then it sure will help bring down rates. Works Cited Clemmit, Marcia. â€Å"Prostitution Debate.† CQ Press. 18.19 (2008): 435-438. CQ Researcher. Web. 16 Oct. 2015. Milstein, Susan A. Taking Sides Clashing Views in Human Sexuality. Ed. William J. Taverner and Ryan W. McKee. New York: McGraw-Hill, 2009. Print. Sanders, Teela, Maggie O’Neil, and Jane Pitcher. Prostitution: Sex Work, Policy, and Politics. London: SAGE, 2009. eBook Collection. Web. 17 Oct. 2015. Wurth, Margaret H, et al., â€Å"Condoms as Evidence of Prostitution in the United States and the Criminalization of Sex Work.† Journal of the International AIDS Society. 16.1 (2013): 1 - 3. Academic Search Complete. Web. 16 Oct. 2015. Clark, Charles S. â€Å"Prostitution.† 3.22 (1993): n. pag. CQ Researcher. Web. 23 Oct. 2015

Renaissance and Reformation Essay -- Changes, Influence, Origin

The European Renaissance was characterized by advancements and new developments in literature, science, religion, politics, and most importantly artwork. It proved to be a reappearance of learning based on classical sources. The renaissance was not as widespread as one would think. Essentially it is described as a time of cultural movements rather than technological advancements. Its time period ranged roughly from the 14th century to the 17th century. There is debate as to how far the movement stretched and exactly how many areas were influenced by the renaissance era. The European Renaissance is thought to have originated in Florence, Italy in the 14th century, and occurred after the Black Death. The Black Death was a disease which affected all of Europe. It caused about a third of the population of Europe to die out. The survivors were devastated at the loss of their loved ones, but they found that they were better off financially and socially, making their way up the social ladder. Specifically in Italy, there was greater social mobility. The upward mobility of individuals around this time allowed them to patronize early artists and rebuild libraries. Some areas were seeing more competitively between workers and their bosses, but the 'new' wealth was spent to display items to reinforce prestige. This allowed citizens to patronise the Renaissance artists. Merchants in regions like Italy saw increases in their wealth from trading, using the same trade routes in which the Black Death was spread. The trade income was further developing by Renaissance developments in commerce, causing the merchants to have more wealth to patronise with. The Renaissance brought on new conceptions of life and ... ...such as Italy and Germany. Italy and Germany's economy went bankrupt, causing an increase of famine and disease to spread throughout the populace. The main effect the Reformation had on Europe was the religious thinkings. The Churches now taught the importance of the individual conscience and gained new purity and strength through counter Reformation. The counter Reformation was created by the Catholic Churches as an answer to the Protestant Reformation. Both the Renaissance and the Reformation helped shape all countries today. The Renaissance helped people focus more about the individual person rather than the social class in which they were born. The Reformation was a building block to more forms of Christianity that are still taught today, such as Protestantism. If we had not had either of them, our religion, politic, and even our writing would be different.

Persepolis Anaylis of Kim Wilde

Amira Black 10-29-12 Period: 2nd Kim Wilde Analysis In Kim Wilde, it’s been a year after her Uncle Taher dies, Iran reopens its borders. The family gets their passports. Marjane wants the family to take a vacation together but her parents tell her that they need a vacation alone. They tell her that they are going to Turkey. They promised to bring her back Western things, like posters of Kim Wilde and Iron Maiden. Marjane’s father says that he really likes Iron Maiden and the marjane and her mother couldn’t believe it.In Turkey, the Satrapis go to a record store and buy the posters. They then must think of ways to get the posters back through traditions. None of the ideas seemed to work Marjane’s mother was being creative and she was stitching the posters into a big coat that Mr. Satrapi was wearing. He was feeling silly in the big coat, but when they get back to iran , they reassured the agent there that they have nothing unlawful and the agent lets them p ass. When they get back to the house, Marjane’s mother begins passing out the presents they had brought her.They give her a denim jacket, a Michael Jackson button, and a pair of Nike sneakers. They took the posters out of the coat and Marjane was very happy. She says, â€Å"I love Turkey. † She puts the posters in her room, wears the sneakers and the jacket, and plays air guitar just like Iron Maiden. She tells her mother that she is going out, just down the street, and thinks that her mother is more tolerant than most other mothers who would not let their daughters go out alone at such a young age.Marjane goes to the corner and buys tons of tapes from men selling Western goods at the black market. She was being sly about it until a group of women stops her. They are members of the women’s branch of the Guardians of the Revolution. They question her on her Western dress. They ask her why she is wearing punk sneakers, and Marji secretly thinks they know nothing o f what punk really is. They bully her for wearing a Michael Jackson button and she tries to tell them it is a Malcolm X button because marjane states: â€Å"Back then, Michael Jackson was still black. They pull her scarf over her head and terrorized her to take her to the committee, the â€Å"HQ of the Guardians of the Revolution. † Marjane lies and tells them that her mother is dead and that her stepmother is very cruel and will burn her with an iron or send her to an orphanage if she does not go home. The women believe her, they let her go. Back at home, she does not tell her mother what has happened and goes to her room and plays her new tapes loud. She sings: â€Å"We’re the kids of America†

Hnrs. Renaissance History Chapter 17 & 18 Study Guide Essay

1. The two most important influences on Enlightenment thought were who? John Locke and Isaac Newton 2. After 1688, Great Britain permitted religious toleration to which groups? Lutherans, Jews, and Muslims 3. This nation was significantly freer than any other European nation at the beginning of the Enlightenment. What nation is this? Great Britain 4. An expanding, literate public and the growing influence of secular printed materials created a new and increasing influential social force called what? public opinion 5. Written by Voltaire in English and later translated to French, this book praised the virtues of the English, especially their religious liberty, and implicitly criticized the abuses of French society. What is this book’s title? Letters on the English 6. Philosophies criticized the Christian church for many things, but not for what? Taking too limited a role in national politics. 7. The two major points in the Deists’ creed were what? The belief in an afterlife dependent upon one’s earthly actions and the existence of a rational God. 8. Which of the following figures came closest to atheism in their religious thinking? Baron d’Holbach 9. According to Ethics, the most famous of his works, this man closely identified God and nature, an idea for which his contemporaries condemned him. Who was this? Spinoza 10. This 18th century philosopher was known as the â€Å"Jewish Socrates†. Who is this man? Mendelssohn 11. Pascal and other critics saw this as an exceptionally carnal or sexually promiscuous religion because of its teaching that heaven was a place of sensuous delights. What is this religion? Islam 12. The Encyclopedia did what? secularized learning and spread Enlightenment ideas throughout Europe 13. He published On Crimes and Punishments, in which he applied critical analysis to the problem of making punishments both effective an d just. Who is this? Marquis Cesare Beccaria 14. Adam Smith advocated what? The ending of England’s mercantile system. 15. According to Smith, government should provide what? Schools, armies, navies and roads. 16. According to Smith’s four-stage theory, human societies moved from where to where? Barbarism to Civilization 17. The most important political thought of the Enlightenment occurred in what country? France 18. He contended that the process of civilization and the Enlightenment had corrupted human nature. Who is he? Rousseau 19. Based on his ideas and traditions, most 18th-century political thinkers regarded human beings as individuals and society as a collection of individuals pursing personal, selfish goals. Who is this? John Locke 20. Most European thinkers associated with the Enlightenment favored what? the extension of European empires across the world 21. Herder is famous for his early views concerning what? cultural relativism 22. The philosophies generally were not what? avid feminists 23. He maintained that women were not naturally inferior to men and that women should have a wider role in society. He was also sympathetic in his observations concerning the value placed on women’s appearance and the prejudice women met as they aged. Who was he? Montesquieu 24. Which of the following styles of art utilizes lavish, often lighthearted decoration with an emphasis on pastel colors and the play of light? Rococo 25. Which of the following styles of art embodies a return to figurative and architectural modes drawn from the Renaissance and the ancient world? Neoclassicism 26. Neoclassical paintings were didactic rather than emotional and their subject matter usually concerned what? Public life or public morals. 27. He was a strong monarchist who in 1759 published a History of the Russian Empire under Peter the Great, which declared, â€Å"Peter was born, and Russia was formed!† Who said this? Voltair e 28. Monarchs such as Joseph II and Catharine II made â€Å"enlightened† reforms as part of their drive to do what? Increase revenues and gain political support. 29. This monarch embodies enlightened absolutism more than any other. He/she forged a state that commanded the loyalty of the military, the junker nobility, the Lutheran clergy, and a growing bureaucracy? Frederick the Great 30. Monarchs associated with enlightened absolutism included all of the following rulers: Maria Theresa, Joseph II, Frederick the Great, Catherine II 31. Of all the rising states of the 18th century, this state was the most diverse in its people and problems. What is this state? Austria 32. Maria Theresa of Austria did all of the following: limited the amount of labor the nobility could demand from peasants; established a very efficient tax system; expanded primary education; created central councils to deal with political problems 33. Joseph II of Austria: sought to improve the productivity and social conditions of the peasantry 34. Catherine the Great of Russia did what? built a strong alliance with the nobility 35. As part of her territorial aspirations, Catherine the Great painlessly annexed what newly independent state in 1783? Crimea 36. King Louis XVI convened the Estates General in order to do what? raise tax revenues 37. The French parlements spoke for the interests of what group? The Aristocracy 38. He was responsible for the introduction of the revolutionary land tax that all landowners would have to pay regardless of their social status. Who is he? Charles Alexandre de Calonne 39. The parliament of Paris declared that only the_______________ could establish new taxes. Estates General 40. The Second Estate of the Estates General was made up of what group? The Nobility 41. By the following way the aristocracy attempted to limit the influence of the Third Estate. What is this attempt? They demanded that each estate have an equal number of representatives 42. The cahiers de doleances presented to the king included all of the following grievances: Government waste, corruption, indirect taxes, and the hunting rights of the aristocracy. 43. The Tennis Court Oath refers to an oath taken by what party? National Assembly to give France a constitution 44. Throughout the winter and spring of 1789, the high prices for what commodity produced many riots? Bread 45. â€Å"The Declaration of the Rights of Man and Citizen† was proclaimed by what group? the National Constituent Assembly 46. During the Great Fear what happened? Peasants reclaimed rights and property they had lost to aristocratic resurgence. 47. Which of the following best describes the form of government pursued by the National Constituent Assembly? constitutional monarchy 48. According to the suffrage stipulations of the Constitution of 1791, approximately how many of France’s 25 million citizens were qualified to vote? 50,000 49. The Chapelier Law did what? forbade workers’ associations 50. The Roman Catholic Church condemned the _________________________. French Revolution 51. The following statement about the Jacobins are not true: they were the most conservative political group in the National Constituent Assembly 52. The term â€Å"sans culottes† was used in revolutionary France to refer to what? Workers 53. The sans culottes wanted what above all else? Democracy 54. Louis XVI was condemned to death on the charge of what? Conspiring against the liberty of the people. 55. As Prime Minister of England, William Pitt the Younger did what? Suppressed reform AND popular movements 56. The following best summarizes Edmund Burke’s view of the French Revolution: He believed it was shortsighted and politically ignorant 57. By April 1793, the following countries were at war with France: Spain, Great Britain, Austria, and Prussia 58. Issued in August of 1793, the là ©vee en masse was a what? military requisition on the entire population 59. By late 1794, the French army was the _______________________ in European history. Largest army 60. The core value of the republic of virtue created by the revolution was what? Public good over private good 61. The following was not part of the ideology embraced by Maximilien de Robespierre? Embrace Christianity 62. Many victims of the Reign of Terror were subject to what â€Å"humane† form of execution? Guillotine 63. The Law of 22 Prairial, passed on June 10 of 1794, permitted the _________ __________________________ without substantial evidence. conviction of counterrevolutionaries 64. The Thermidorian reaction resulted in all of the following: a pull back from the radical revolution; a new constitution; the closing of the Paris Jacobin Club; the reduction of the political power of the sans culottes 65. The â€Å"Bands of Jesus† did what? murdered suspected Jacobins 66. The following best summarizes the comparison of freedoms exercised by women before 1789 versus after 1795? Women had more freedom before 1789 67. The French Revolution has often been considered a victory of what group? Bourgeoisie 68. The Treaties of Basel in March and June 1795 concluded peace with whom? Spain and Prussia