Friday, November 29, 2019

Greek And Roman Arches And Architecture Essays - Arch,

Greek and Roman Arches and Architecture Greek and Roman Arches and Architecture Architectural designs changed greatly since the ancient times. Most famous architectures and sculptures today originated from the Greek and Roman civilizations. Moreover, some of the inventions from those civilizations are also being used today, such as the arch, which originated from Roman architecture, and the columns, which originated from the Greek architecture. Throughout history, these architectures and inventions have become the foundations for our buildings, churches, and much more. The Greek architecture used mainly columns in most of their temples. The shape of the column was the most significant architectural factor. There were three types of columns, which were Doric, Ionic, and Corinthian. On these columns would lay a magnificent centerpiece, which displayed Greek gods or any sort of decorations. On the other hand, the Romans' architecture used mainly arches, which could hold much more pressure than a column. Romans also used columns in their buildings, but only in a decorative form. Arches were made of stones or bricks and placed on top of each other in a way that it can form an arch and hold weight upon itself. In most Roman architectures, such as the Colosseum, there would be a dome over the top to protect from rain, sun, or any other weather. The dome has a massive weight, so there has to be something to support it up, and this is where the job of the arch takes place. In these Greek and Roman buildings or temples, there would be sculptures of famous gods and warriors. The Greek sculptures were also different than the Romans'. The Roman sculptures had more "life" in it. In other words, it was more realistic. Greek sculptures looked stiff and didn't show much character as the Romans' sculptures did. Therefore, in conclusion, Roman civilization seemed more developed than the Greeks'. They had many positives and also negatives, but they both were great ancient civilizations considering they were one of the earliest.

Monday, November 25, 2019

How to Write an Argumentative Essay on Confucianism

How to Write an Argumentative Essay on Confucianism If you are tasked with writing an argumentative essay on Confucianism you must follow the steps below: What is an argumentative piece? First of all, the argumentative essay is a type of writing where you must investigate your topic (have a look at our ready-made topics on Confucianism). You want to collect evidence, evaluate it, and then form your position on the topic. 1) Outlining The first step is to write out the content you have. Start with an outline. Take your notes and combine them into an outline that shows your best organization (to gather more information you can use facts on Confucianism to enrich your notes). Then draft your thesis statement. This should be a single statement that explains the purpose of your work to the reader. This statement belongs in your introduction where you introduce all of the content you will present in the body of your work. This is something that many students save for last. 2) Writing With the body, where many students start their writing process, your job here is to show why the evidence in support of your conclusion is stronger compared to the evidence in support of the opposing views. You will actually add strength to your argument if you point out the strength found in the reasoning of the opposition and the quality of their conclusions compared to your conclusions. You should include supporting evidence in the form of: Examples Comparisons Statistics Anecdotes You should use one paragraph within the body of your text for each of the points you plan to analyze. In addition to this, you want to use transitional sentences for every paragraph to move you from one point to the next. Make sure, when doing this, that the entire essay remains well organized. The conclusion is where you reiterate the points you made in your body, but never introduce new material. 3) Editing When you are done writing your draft, it is time to review for editing. This means larger picture items such as proper support and flow. After you have verified that every paragraph is properly written, in the right order, and has sufficient evidence, it is time to proofread. It is recommended that to proofread, you print a double spaced copy of your draft and take a red pen to it. When doing this, you will have to read over it several times but each time you look for something different. For the first read, check for spelling errors. For the second read, check for grammatical errors. For the third read, check for punctuation errors. The fourth read, check for citation errors. Checking line by line, for one type of error at a time will help you catch things that you might have otherwise not noticed. A spell check is handy, but it will not catch errors such as â€Å"defiantly† versus â€Å"definitely† since both are legitimate words, but your fingers may have simply typed the wrong word or auto-correct changed it to something else. Remember that finding appropriate evidence to support your position will take time, but the more facts you introduce in support of your position, the better your final piece will be.

Thursday, November 21, 2019

Legal Structure of EC Law Case Study Example | Topics and Well Written Essays - 1500 words

Legal Structure of EC Law - Case Study Example Christina runs a graphic design business based in Brighton and ordered a new computer system on 5th July 2007 from Avalon Computers Ltd., a mail-order firm specialising in computer equipment designed for professional graphics use and based in Reading. Christina paid 3,000 in full for the equipment and it was delivered to her studio a few days later. However, the next day she learned that she had lost an important order from clients in America for future design work, and reluctantly decided that she could not afford the new computer system at the present time. She immediately contacted Avalon by fax and asked the company to take back the computer (still boxed and unused) and refund the money paid. The company refused. 1. Advise her clearly and fully as to her rights under European Community Law (if any) to obtain a refund of the money she has paid for the goods from Avalon. If she is unsuccessful in doing so, can she obtain redress from any other person or body Ibanez (2004) studied the legal procedures against member states for breaches of EC law and the different aspects of the European Commission enforcement procedure under EC Treaty Articles 226 and 228. Ibanez discusses the policy and strategy in enforcement proceedings and the European model that is followed for enforcing and supervising EC law. The Commission can sue Member States before the European Court of Justice or ECJ under Article 228 if a member state breaches the laws as required to be followed by the states. The enforcement of Commission decisions would be related to new developments and procedural aspects at the European level. The general procedures of the EC law show that the EC Treaty grants the Commission the power to "ensure that the provisions of this Treaty and the measures taken by the institutions pursuant thereto are applied." This relates to the EC Treaty Article 211 that grants a general power to the Commission and the EU can use the provisions of the EC Treat y for fighting Member State noncompliance. For an imaginary directive adopted by the Council in May 2005, if any one member state fails to keep up to the directive of EU law or the EC Treaty, according to the Articles 211, 226 and 228, the European Commission can take legal action against any member state that fails to comply to EC Treaty requirements or as expected from a member state. Article 226 is in fact based on a legal model of integration between

Wednesday, November 20, 2019

Interview Assignment Example | Topics and Well Written Essays - 250 words - 1

Interview - Assignment Example Throughout the interview, she remains calm, laughing at some questions and acting surprised at some. She does not seem to be shy of people, since she answers questions in a composed manner, suggesting that she is very good at her work. The queries raised in the interview shares what public administration entails. The answers provided by the interviewee can be related to the Admission by legislators. The legislators ensured that civil service was provided to the public. This can be reflected in the interview when the interviewee answers the question on how goals are achieved. She says that her supervisor and the board set the goals. Certain powers of the civil servants and legislators were limited and this was viewed as a road to democracy. The government had the responsibility of ensuring that its policies were followed, like in the interview, those that influence the units actions are the congress, state legislature city council and the Board of Regents. Democracy back was not trusted, and civil servants bore the brunt of that. The constitution was adopted by several states. Legislators of the government employed civil servants. Legislators were tasked with ensuring that the citizens of the state were satisfied. In the interview, the interviewee says that she applied for the job, and then was employed later. The political officials set the priorities that are

Monday, November 18, 2019

The appeal of Islam for politics in South East Asia during the 12th Essay

The appeal of Islam for politics in South East Asia during the 12th 17th centuries - Essay Example Southeast Asia covered the vast peninsula of Indochina and the widespread East Indies. In this location lie the countries of Burma, Brunei Darussalam, Thailand, Laos, Cambodia, Vietnam, Malaysia, Singapore, Indonesia, and the Philippines. Islam manifested a significant appeal for the Southeast Asia in the 12th throughout the 17th century. Over two-fifths of the region practice Islam as a religion. Most of the population involved in Muslim practices live in Malay Peninsula, the Archipelago, and on the Mindanao Island in Philippine Indonesia is distinct in the world as the single largest Muslim country, with a populace of about 212 million persons. Two-thirds of Malaysia is 23 million individuals and are Muslims. Evidently, Islam given that it was and it is still is a popular religion in south East Asia, it must have a greater influence as far as politics and policies of the day are concerned. Arguable, in the period 12th -17th centaury Islam appealed for polities in the South East Asi a with a view to maintain dominance. As of mid 14th century, the Hindu-Javanese kingdom of Majapahit conducted an influence over an island kingdom and applied substantial pressure on the mainland. But it was by now experiencing two pressures to its commercial and cultural fame. . In Malaya it was disputed by the upcoming power of Siam; and in the islands its power was being destabilized by the coming of Islam. The islands had contacted with Islam, via Arab merchants, for long though their traditional cultural beliefs on India barred Islam from being acceptable to them until Islam was firmly recognized via Moslem rulers in the northern India, at during the end of the 12th century. Then, in the 13th century, Indian merchants from Gujerat transformed to Islam particular ports of northern part of Sumatra and from there Islam spread to Malay and through to the Philippines. The rise of Islam in Malaya was connected to the establishment and consequent significance of the resolution of Mala cca on the western coast. Islam was founded in the onset of the 15th century, customarily by a Sumatran prince, Parameswara. The prince was changed to Islam, which in his power and the succeeding rulers extended all through the peninsula. Malacca became the major trading port in the Eastern region due to its favourable position on the trade routes connecting India, South East Asia and China. Malacca upheld its sovereignty, cosseted in its early times from Siamese antagonism by the diplomatic acts of the Chinese Ming rulers for a whole century. Consequentially, Malacca became the South East Asia Islam headquarters. In the meantime in Indonesia, the Majapahit Empire divided into smaller and scrawny Moslem nations and the Philippines The Philippines, was inhabited by a combination of Malays and Indonesians, organised in tribal groups referred to as â€Å"barangays". The units possessed definite culture, and did business widely with Arab, Indian and Chinese merchants; but isolated them selves from the different imperial resistance of South East Asia. Most of barangays were converted to Islam between 13th to 15th centuries, though remained excluded in external affairs till the arrival of Europeans during the 16th century. Islam also made insignificant effect on the South East Asia’s mainland which maintained devastatingly Buddhist. China sent many naval teams and diplomatic missions to all their neighbours proximate to Indian Ocean and the South China Seas between 1405 and 1433. The main intention of the chinece for their missions was to seek trade and military esteem. As the missions ended, the Europeans found permission for entry into the Far East Asia. The Arrival of the Europeans : The Portuguese, the Spaniards, and the Dutch. The Portuguese The Portuguese started massive voyages by the end of the 15th century to seek exploration and determination of trade routes towards the east especially India and China spice

Saturday, November 16, 2019

Hrm roles in change management issues

Hrm roles in change management issues Identify, Evaluate And Discuss Human Resource Management Roles In Change Management Issues. Executive Summary Change management is the process, tools and techniques to manage the people-side of change to achieve the required business outcome. Successful change addresses both the technical and the people side. Change management focus is helping individual employee make their own personal transition. The organizational viewpoint is â€Å"The Change† to how we do business; whereas the individual viewpoint is â€Å"The Change† from how one does his or her job today, to how one will do his or her job after the change is implemented. Today, the world of human resource management is changing more rapidly than ever changing. Human resource roles in many multinational organizations are facing constant challenges as a result, of constant environmental changes. The emphasis of human resource management is adding value as organizational player, the role of the human resource department becoming more multi-dimensional in many multinational organizations. This paper context will identify and evaluate why human resource management today is taking advantage of gradual yet profound changes in the nature of the field in the current human resource management best practices, and overall human resource management policies, mission and vision. Human Resource Management functions or roles are performed in many organizations by different functional heads independently. The most important challenge in recession period is revolutionizing of the human resource systems to identify, maintain, develop and utilize talents across the organization to their fullest capacities. An organization may claim that it has the best of the systems to identify talents across the organization. Human resource has now a chance again to prove their value creation role in the corporate if it understands what it needs to do now. Some of the basic strategies should be followed by the corporate managers i.e. reduce administrative and establishment costs, hold large bonuses and reward payments, create participative forums for dealing with the difficult times ahead, retaining top talents should be emphasized by the human resource managers to the management and human resource managers need to network with fellow managers to find out how best to visualize the problems and try to solve them. There are basically four distinct human resource roles classified (Kossek and Block, 2000, Pg 3.18) in the human resource activities into four distinct roles: Transactions, Translations, Transitions and Transformations. Generally, the transaction and translation roles are more focused on people and have a short-term view, whereas the transition and transformation roles are more oriented towards improvement or transformation of new processes; where organizational processes are realigned to support ‘customer and market demands, and having a future orientation. In short, the transaction roles include human resource activities such as hiring and firing people, protecting employees welfare, ensuring on-time pay as well as handling employee grievances. The human resource role is building an efficient infrastructure by acting as an â€Å"administrative expert† (Kossek Block p.3.19); however, the translation role of human resource is the communication responsibilities associate d with the listening and responding to employees and customer concerns, as well as explaining to and implementing the policies established by top management to the employees. Today. the human resource role also act as an employee champion and advocate by ensuring that their views and rights are being expressed; such as communicating to employees the human resource policy relating to matters like career opportunities, laws and legislations, business operating objectives and customer needs. Moreover, the transition role simply refers to the execution of human resource activities, policies and best practices making all necessary on-going changes to support or improve the companys business operational and strategic objectives. Typically, such role is focused on the implementation of new or revised human resource practices and long term procedural changes in the human resource policies and best practices. Lastly; the transformation role of the human resource roles acts as an agent and realigns the human resource systems to support Introduction In todays arena the most common word we come across are recession and downturn. Therefore, organizations must make plan for recession or downturns as it does to plan for good, economic times. The management people and employees may experience anxiety around issues during an economic crisis or downturn. This assignment context identifies the possible challenges of human resource management roles in the global recession situation. Beginning with the definition of human resource management and its roles in an organization through analyzing how the human resource activities is adding value and contribute to the organizations overall effectiveness. Basically, change is complex and there is no single solution. Having an effective leadership is a key enabler as it provides the vision and the rationale for change in the organization. Launching a change initiative is not likely to succeed if the organization is not change-ready. During a downturn, human resource role acts as an employee champion and advocate by ensuring that their views and rights are being expressed; such as communicating to employees the human resource policy relating to matters like career opportunities, laws and legislations, business operating objectives and customer needs. Moreover, the transition role simply refers to the execution of human resource activities, policies and best practices making all necessary on-going changes to support or improve the companys business operational and strategic objectives. Typically, this role is focused on the implementation of new or revised human resource practices and long term procedural changes in the human resource policies and best practices. Lastly; the transformation role of the human resource roles acts as an agent and realigns the human resource systems to support massive organizational change. Other than, those above roles stated could also be categorized into administrative experts, empl oyee champions, change agent and strategic approach respectively. It also represents a sweeping attempt to overcome the negative counter images of the personnel function and re-invent a new set of proactive roles for HR professionals (Ulrich, 1998 p.124) Elements Of Change Management Fundamentals Organizational change often presents human resource with a significant opportunity to engage in activities that impact business outcomes, as the Corporate Leadership Council teaching module provides an overview of the fundamentals of change management and the role of human resource. Such teaching module supports business organizations with the following change management fundamentals: diagnosing change-driven business problems; identifying the skills necessary to manage change; selecting the right change strategy; and overcoming barriers to change. Corporate Cultural Change Changing a corporate culture is an ongoing process, which takes time and requires constant monitoring. It is about transforming the organization through continuous influence and the shaping of beliefs, assumptions, values, and patterns of behavior of people towards creating a desired work environment. This Corporate Leadership Council research focuses on the challenges and solutions faced by organizations attempting to change the corporate culture. Major factors in this process in include leadership, timing, and behavior management. Once a corporate culture is in place, there are practices within the organization that act to maintain it by giving employees a set of similar experiences. For example, many of the human resource practices reinforce the organizations culture; such as the selection process, performance evaluation criteria, reward practices, training and career development activities, and promotion procedures ensure that those hired fit in with the culture, reward those who support it, and penalize those who challenge it. Three forces play a particularly important part in sustaining a culture, selection practices, the actions of top management, and socialization methods. Alternatives Of Downsizing For organizations to avoid possible downsizing issues, they can take the following steps as alternatives: Part Time Job – Reduce or cut the number of job hours and pay employee on hourly basis to engage employee with the company, and during his free time he can do any other work for earnings. Work at Home Give access to the employees to work at home rather then coming at office. This step will reduce the operational cost of the organization. Shift of Department One business unit of the organization is not doing well, organization can shift the employees to other business unit. Outsource Employees Organization can provide outsourcing services is specialized domain so their employees can work on other company projects. During these uncertain times, corporate will realize the importance of having competent skilled workforce which will ensure that focus stays on trainings but there may be a major reduction in training budgets. In this time any decision taken by the company impacts each individual personally rumors float around. Its top managements duty as human resource to ensure that the communication channels are kept open, transparency is maintained. We also need to ensure that accurate communication happens on time in full, instead of employees hearing things with details from the grapevine first. Adequate support from leaders and managers in terms of people management processes to find ways to keep up the motivation levels of employees. If the corporate plans are to retrench a portion of the workforce, counseling should be provided to those both employees who will be staying back but also the employees who have been asked to leave, be fair with them. Resistance To Change Resistance to change can be defined as an individual or group engaging in acts to block or disrupt an attempt to introduce change. Resistance itself can take many different forms from subtle undermining of change initiatives or withholding of information to active resistance, for instance through strikes. Similarly, there are two broad types of resistance: Resistance to the content of change; for example, a specific change in technology or introduction of a particular reward system in an organization. Resistance to the process of change. It concerns the way a change is introduced rather than the object of change per se; for example, management re-structure jobs without prior consultation of affected employees. The Strategic Roles Of Human Resource In Organizational Transformation Human resource can and should play a key strategic role in developing and implementing organizational transition and transformation strategies. It can provide help and guidance in analysis and diagnosis, highlighting the people issues that will fundamentally affect the success of the strategy. Human resource can advise on resourcing programmes and planning and implementing the vital learning, reward, communications and involvement aspects of the process. It can anticipate people problems and deal with them before they become serious. If the programme does involve restructuring and downsizing, human resource can advise on how this should be done humanely and with the minimum disruption to peoples live. When the corporate is in turbulence zone, human resource can put its categorical best in ensuring that he guides the corporate successfully. Human resource needs to be very powerful in such situations because they not only have to maintain the people motivation level but has to increase it using non-monetary tools. There are certain points that human resource can opt for in such a situation where people are insecure about their job. Human resource can pay attention to develop the people on key skills and enhance competencies. Human resource has to play an active role in refrain the top talents, act as a caring mother while top performers punished with being rewarded for their performances, get people aligned and developed to fight with this critical situation, develop people on cross functional skills to balance the surplus and shortage of workforce, help the corporate to raise the people performance bar, ensure the fair evaluation of people performance, play an active role in control of communication flow, pass the onus of making the corporate lean, review its minor low cost benefits and contribute to enhance the value addition per employee by maximizing employees inputs. What Can Human Resource Do During A Downsizing? Human resource needs to be proactive and come up with early interventions as for any organization to survive during recession; the ability to retain its best people is must. During these days, human resource people sometimes even take the harsh decision of reducing the numbers and land up at downsizing. The word downsizing is even taken as rightsizing and optimizing but we may not know or ignore the fact that neither the bad situation nor the good conditions lasts long. The organization needs to invest in learning and development by providing appropriate learning opportunities and facilities, but the prime responsibility for learning and development rests with individuals, who will be given the guidance and support of their managers and, as necessary members of the human resource department. Develop and share the vision, belief in a desired and emerging future. Provide employees with a supportive learning environment where learning capabilities can be discovered and applied, for example, peer networks, supportive policies and systems, protected time for learning. When the going is tough, human resource and managers to challenge the challenges and the remedy is to downsizing the dignified way. Moreover, this is the time to implement new ideas; change the Human Resource Management processes and change the procedures. All this has to be done in a way that it cuts costs and motivates people. Human Resources Perspective And Sustaining Role The present challenges of human resource management are corporate reorganization, sustaining companys position and growth, changing demographic workforce, knowledgeable and multi skill workforce, changing mindset of workforce, new industrial relation approach and society based corporate responsibility. There are many more possibilities of sustaining human resources increasing role as not only growth catalyst but sustaining business through greater employee engagement. Therefore, human resource professionals needs to tighten their belts and get ready for some challenging yet meaningful activities which will help to change the perception of human resource forever. The economic crisis is forcing to separate some employee and there is no way around. Do it, but avoid creating a panic around, in employees, in investors, in market and in country by crying loud about the recession. Human resources task is also great, if the human resource manager creates conducive environment through his or her professional approach in achieving productivity, with the support of all teams which is the need of the hour. Business has experienced different dynamics that pose many challenges. Human resource and enforcement authorities together strive for achieving the common goals like compliance and adherence. Human resource makes all efforts to create and sustain an employer and employee friendly atmosphere and responding to the current needs and challenges. Human Resources Responsibility In todays economic melt down where job cuts, loss, pay reduction, last come first go, insecurity of employment atmosphere prevail, human resource has special responsibility to create ease environment to the affected by counseling, displaying care and concern, preparing them for multi skill task, engaging and deploying in other required areas of functions like security, crisis management team. Human resource should engage in more positive side, making and helping employees to reform, perform and transform which will ultimately make a solid impact on business. Conclusion Human Resource Management must be able to address the right kind of demands related to Human Resource functions or roles during the recession. Human Resource Management must play a highly proactive role in managing the issues of global recession by helping organization to enhance their abilities to learn and collaborates, manage diversity, ambiguity and complexity. Human Resource Management is responsible to manage the human resource of the corporate to maximize the productivity, efficiency at minimal cost and maximize profit. During this global recession, Human Resource Management is facing the many challenges and changes in organizational level, workplace and human resource department level itself. The challenges faced by Human Resource Managers effectively if proper strategies are implemented. The recession is the temporary economic climate of the business world. It will be changed through more productivity at minimal cost and maximize profit at moderate price of products in busin ess. Reference Dive, Brain; The Healthy Organization : A revolutionary approach to people and management; Kogan Page Armstrong, Michael; Strategic Human Resource Management 3rd Edition : p.98-136 Emerging issues in Human Resource Management: Pramod Vernia publishes and IBH publish (p) Ltd., Khanka, S.S.;: Human Resource Management Khanka Indian Journal of Industrial Relation Vol.35 No.1 July 1999 Human Resource Development News letter July 2006, Vol.22 issue The ICFAI journal of organizational behavior October 2006 Management trends Vol.2.No.2.April2005- Sept. 2005. Role of HR during recession, HRD News Letter Jan09 Vol.24.iss.10 p.22 HR has to Challenge the Challenges, HRDNews Letter Jan09Vol.24.iss.10 p.22

Wednesday, November 13, 2019

Romeo And Juliet Why They Died :: essays research papers

Romeo & Juliet Essay Romeo and Juliet is about two young lovers born of different rivaling families. The two lovers fall in love only too find that their families are enemies. Romeo wants to stop at nothing to have Juliet his love. The feud soon causes their deaths and many others hurt.   Ã‚  Ã‚  Ã‚  Ã‚  In the beginning the feud is reignited by these simple lines: “If you start a quarrel I’m ready. My master is as good as your master. (I, i, 44) This brought Benvolio in to the fight. Benvolio tries to stop the fight but Tybalt the hot headed Capulet attacks him. Montague and Capulet charge at each other swords defining each other. The Prince arrives and orders them to stop. He threatens the Families with their lives. With this the Feud is rekindled.   Ã‚  Ã‚  Ã‚  Ã‚  In Act II Benovlio, Mercutio, Romeo crash the Capulets party. Romeo spots Juilet for the first time and is awe struck by her beauty: That I never saw real beauty until tonight (II, V, 53) Tybalt over hears this and is enraged: That man has the voice of Montague. And he tries to attack Romeo but Capulet hold him back. Romeo and Juilet finally meet and fall in love. Later the Famous Scene between Romeo and Juliet happens. Being irrational they ran to get married. This will cause a lot of problems to come.   Ã‚  Ã‚  Ã‚  Ã‚  Act III is the feud climax. Mercutio dies by the wound inflicted by Tybalt after they meet and fight over Romeo. Romeo tried to stop them but he couldn’t and the sword of Tybalt went under his arm and sliced Mercutios breast. Tybalt ran away after the death of Mercutio. Romeo is sadden and realizes his love for Juliet has blinded him. Furious over his friend’s death he slays Tybalt when he returns. The Prince arrives after Benvolio told Romeo to run. Benvolio tells the Prince what happened and the Prince orders Romeo’s banishment: Romeo killed him but Tybalt killed Mercutio. Who to pa the price of Mercutio’s death. All are grieve stricken for now they relize how deadly there conflict has become.   Ã‚  Ã‚  Ã‚  Ã‚  Act V is the end heart broken from her sons banishment Lady Montague dies. Capulet is forcing her to marry Paris Nobleman and relative of the Prince. Juliet not wanting to marry him goes to the friar Lawrence and asks for advice. The Friar gives poorly given advice and tells her to drink a potion that will feign her death for 42 hours.

Monday, November 11, 2019

Capital budgeting Essay

A – Capital budgeting is an analysis of potential additions to fixed assets, it is part of the long term decisions taken by the top management and involve large expenditures. The capital budgeting is very important to firm’s future. The difference between capital budgeting and individual’s investment decisions are in the estimation of cash flows, risk, and determination of the appropriate discount. B – The difference between interdependent and mutually exclusive projects is that the independent project’s cash flows are not affected by the acceptance of the other, although the mutually exclusive can be adversely impacted by the acceptance of the other. the difference between normal and no normal cash flow stream projects occurs in the signs since for the normal cash flows if the cost ( negative CF) followed by a series of positive cash flows will lead to one change of sign. On the other hand the non-normal project cash flows have two or more changes of sign C – 1 NPV: is the sum of all cash inflows and outflows of a project C – 2 – The rationale behind the NPV method is that it is equal to PV of inflows minus the cost which is the net gain in wealth. If the projects are mutually exclusive we will choose the project with the highest NPV and here in our case we will choose project S since it has a greater NPV compared to project S (19.98>18.79). If the projects are independent we will choose both. C – 3 The NPV will change if the WACC change; if the WACC increases the NPV will decrease on the other hand if the WACC decreases the NPV will increase. D – 1 Internal rate of return (IRR) is the discount rate that forces PV inflows equal to cost, and the NPV = 0. IRR using excel for project L: IRR 18.13% For project S: IRR 23.6% D – 2 A project IRR is the same as a bond’s YTM. The YTM on the bond would be  the IRR of the â€Å"bond† project. D – 3 If IRR > WACC, the project’s return exceeds its costs and there is some return left over to boost stockholders returns. If IRR > WACC, the project is accepted and if IRR < WACC, the project is reject. If projects are independent, we accept both of them, as both IRR > WACC. If projects are mutually exclusive, we accept the one with the highest IRR. D – 4 IRR do not depend on the WACC, so if the WACC changes, the IRR for both projects will remain the same. E – 1 Excel=NPV(rate,CF1:CFn) + CF 0 WACC NPV L NPV S 0% $50.00 $40.00 5% $33.05 $29.29 10% $18.78 $19.98 15% $6.67 $11.83 20% ($3.70) $4.63 Cross over rate is equal to 8.7%. CF Differences 0 -60 10 60 IRR = 8.7% E – 2 For independent projects, both IRR and NPV will lead to the same decision. If projects are mutually exclusive, there is a conflict between the IRR and the NPV. Since we said that NPV is the best method to use in case of conflict, project L will be selected based on this method. F – 1 The slope of the NPV profile depends entirely on the timing of the cash flows; long-term projects have excessive NPV profiles than short-term projects. We conclude that NPV profiles can cross in two situations, first when mutually exclusive projects differ in size: the smaller project frees up funds at t = 0 for investment. The higher the opportunity cost, the more valuable these funds, so a high WACC favors small projects, and second when the projects cash flows differ in terms of the timing pattern of their cash flows: the project with faster payback provides more CF in early years for reinvestment. If WACC is high, early CF especially good, NPVs > NPV L (projects studied in class). F – 2 The reinvestment rate assumptions: -NPV method assumes Cfs are reinvested at the WACC. -IRR method assumes CFs are reinvested at the IRR. -Assuming Cfs are reinvested at the opportunity cost of capital is more realistic, so NPV method is the best. NPV method should be used to choose between mutually exclusive projects. -Perhaps a hybrid of the IRR that assumes cost of capital reinvestment is needed. F – 3 Some projects will result in different IRR and NPV. The NPV will be selected to decide if the project is going to be accepted or not. We do not use the IRR first because it does not take into account changing discount rates, so it is j not adequate for longer-term projects with discount rates that are will probably vary. Second, the IRR ineffective is a project with a non-normal cash flow streams (mixture of positive and negative cash flows). G – 1 MIRR assumes reinvestment at the opportunity cost =WACC. MIRR also avoids the multiple IRR problem. G – 2 MIRR does not always lead to the same decision as NPV when mutually exclusive projects are being considered. In particular, small projects often have a higher MIRR, but a lower NPV, than larger projects. Thus, MIRR is not a perfect substitute for NPV, and NPV remains the single best decision rule. H – 1 Payback period is the number of years required to recover a project’s cost, or â€Å"how long does it take to get our money back?† H – 2 The payback period tells us when the project will break even in a cash flow sense. With a required payback of 2 years, Project S is acceptable, but Project L is not. Whether the two projects are independent or mutually exclusive makes no difference in this case. H – 3 Discounted payback is similar to payback except that discounted rather than raw cash flows are used. H – 4 Discounted payback still fails to consider cash flows after the payback period and it gives us no specific decision rule for acceptance. However, payback is not generally used as the primary decision tool. Rather, it is used as a rough measure of a project’s liquidity and riskiness. I – 1 2 3 CF -800000 5000000 -5000000 WACC 0,1 To find NPV we used excel: Excel: =NPV(rate,CF1:CFn)+CFO NPV (386 776,86 DT) Excel: =IRR(CF0:CFn,Rate) IRR 25% Excel: =MIRR(CF0:CFN,Rate) MIRR 5,6% 7

Saturday, November 9, 2019

Polonium Facts - Elements Are Interesting

Polonium Facts - Elements Are Interesting Polonium is a rare radioactive semi-metal or metalloid. The toxic element is believed to have caused the death of former intelligence agent, Alexander Litvinenko, in November 2006. Polonium is a radioactive element that occurs naturally in the environment at very low levels or can be produced in a nuclear reactor. PhysicalProperties of Polonium Polonium-210 emits alpha particles, which can damage or destroy genetic material inside of cells. Isotopes that emit alpha particles are toxic if they are ingested or inhaled because the alpha particles are very reactive, but polonium isnt absorbed through the skin, nor does the alpha radiation penetrate deeply. Polonium generally is considered toxic only if taken internally (breathing, eating, through an open wound). Marie and Pierre Curie discovered polonium in 1897.  Marie Curie  named polonium for her homeland, Poland. Polonium dissolves readily in dilute acids. Po-210 readily becomes airborne and is soluble enough to circulate through body tissues.  Polonium is the only component of cigarette smoke to produce cancer in laboratory animals. The polonium in tobacco is absorbed from phosphate fertilizers. A lethal amount of ingested polonium is 0.03 microcuries, which is a particle weighing 6.8 x 10-12 g (very small). Pure polonium is a silvery-colored solid. Mixed or alloyed with beryllium, polonium can be used as a portable neutron source. Polonium is used as a neutron trigger for nuclear weapons, in making photographic plates, and to reduce static charges in industrial applications such as textile mills.

Wednesday, November 6, 2019

The Bolivarian Revolution in Venezuela

The Bolivarian Revolution in Venezuela Free Online Research Papers The Bolivarian Revolution in Venezuela: Radical Democracy or Just another Authoritarian Regime? Everyone loves to, or at least dreams of living the great American dream one day. Owning a big house, a nice car, have a stable job with a decent amount of income to look after the whole family and of course the man’s best friend of the house, is something to talk out, to the big lawn. Of course, before one can get to the American dream, steps are involved; working an eight hour shift at a gigantic corporate retail environment, and as years pass along, the success of accomplishments are moved up by the ladder, from part time employee to General Manager, yet again even as a General manager, they are still working for someone bigger. All of this involves, capitalism, imperialism, globalization. There is nothing wrong of any sort to have all these incorporated into society in the western culture; it’s something society strives for, no matter where in the western hemisphere. How about in the developing world? Is it the same dream and the same process? Specifically speaking; in Latin America, where authoritarians, military dictatorships and everything else that the United States if fighting with? Why have not societies down south on the American Continent not achieved any technological advancement as much as the societies in the North have? Maybe that is what authoritarianism, or even â€Å"left-wing politics† does to a state, where the elites live well while the poor get worse in the name of equality and social justice. One man, who even made it to the, â€Å"100 most influential People in the World† slot, is seen as a threat to democracy as the United States would love to describe it, is one prime example of wonders done in the political arena, both domestically in Venezuela and internationally, with his Authoritarian regime. Hugo Chavez, is indeed an authoritarian. Who is Hugo Chavez? Hugo Rafael Chavez Frias was born on July 28th, 1954 in the town of Sabaneta, Barinas in Venezuela. He was the second son of two poor schoolteachers, H ugo de los Reyes Chavez and Elena Frias de Chavez, who lived in the rural section of Sabaneta. Hugo and Elena Chavez had always wished for their children to lead a better life than them, hoping that one day they could live in the prosperous cities, escaping the poverty they found themselves in. As schoolteachers, it was only natural for them to view education as the best means of escaping their current situation, so young Hugo and his older brother Adan were urged to take advantage of the education offered to them, and it was a request Hugo fulfilled. However, despite their family’s problems with the political system and the fact that Hugo’s great-grandfather was a renowned rebel leader, Hugo’s parents did not wish him to be a politician, but Hugo Chavez had other plans in life, following the footsteps of his grand father and using his leader and hero; Simà ³n Bolà ­var, as a prime influence in his political life. As it has been mentioned above, Hugo Chavez is indeed running an authoritarian regime. One case of signs that an authoritarian is in power, is when there is an involvement of a single party state. Typically speaking, countries; Canada, United States and other western European countries have elections not only to determine which party or whom is going to run the Nation or State till the next term, but also to have citizens exercise their rights and powers in the electoral systems, which is what makes democracy in full form. Venezuela, under the regime of Hugo Chavez’s authoritarian government, there is neither opportunity nor chances of the citizens to change the government’s system or the country if there is just Hugo Chavez running for elections, with no opposition in place to have chances on winning. Yes, the country does have electoral systems, but in what regards are they placed when it is just going to him winning. â€Å"Recent elections- including the constitutional referendum overturning term limits- suggest that Venezuela is shifting toward competitive authoritarianism. In this type of regime, democratic principles are violated widely and systematically enough to make the prospect of an opposition victory highly unlikely.† Manuel Hidalgo, states the same, in his article; Hugo Chavez’s â€Å"Petro-Socialism†. In fact as he mention above, when the opposition in power has victories that are highly unlikely, how that can be seen democratic, when it contradicts the purpose of democracy. It is a definite form of a variation of authoritarian regime, when democratic policies are violated when it is one party winning in almost every election leaving no choices for the citizens of the state to vote on. Based on the type of regime Hugo Chavez runs, the term that has been coined well after him is, â€Å"Chavismo†. It is the name of a left-wing political ideology, based on Hugo Chavezs ideas, programs and government style. Since the term â€Å"left-wing† has been brought up, it would be better to explain what it is, to have a better understanding of the points being made. In terms of the economy, left wing politics have the theory have John Keynes, who advocated for state intervention; having the central government intervening in the process of production in the economy, industrial democracy; which involves workers making decisions, sharing responsibility and authority in the workplace. Left-wing politics in terms of social consensus, it advocates for more of an egalitarian society; where there is no economic distinction among the citizens or workers in a society. They are all equal, and have all the same political, economic, social and civil rights. Even though, Hu go Chavez and his ideologies are on the left side of the political spectrum, the ideologies that make up the left side are not quite exercised through him. In fact it can be described that, â€Å"Chavismo†, is the on the â€Å"wrong left†. He is seen as a pivotal figure in promoting a sharp leftward shift in Latin American politics and has been criticized for his authoritarian tendencies. In the words of Jorge Castaà ±eda, â€Å"Chavismo† is the â€Å"wrong left† for Latin America. In other words, if something is not being exercised through power, the way how it should be done, it clearly has the wrong approach towards it. Hugo Chavez has done that mistake towards the left wing of his ideologies based on the quote above, for his authoritarian tendencies. The reason being, authoritarian tendencies are never accepted nor appreciated. â€Å"When that failed, he won power at the ballot box and is now approaching a decade in office. In that time, he has concentrated power, harassed opponents, punished reporters, persecuted civic organizations, and increased state control of the economy.† Sure, the leader gets what he wants yet there are no room for compromises, or expression of opinions or speech. If citizens cannot be stating their opinions or speeches, feel what they want to express, that very well undermines their rights. When such rights are undermined, for sure it is not a democracy yet it is very tyranny. If the citizen gets an opportunity to state how he or she feels about he state in public, having society to hear their thoughts, especially the media, the next step would be harassed and punished reporters, who did not talk in favour of their leader and not have anything nice to say about their leader, regardless of if he or she was a bad leader. In such case, the citizens is seen nothing higher than an animal, which does not talk to begin with. Furthermore, Chavismo is leaning towards the left. Socialism, Communism and Anarchism are often associated, which incorporates radical individualism. Such instances are often and associated with tyranny regimes. Where authoritarians and dictators use power in the wrong way and abuse such ideologies, and when theories like communism is supposedly meant for the greater good for individuals and societies alike, misuse is what often crops up. For an instance, extreme cases of misuse in power like in North Korea are a perfect example that goes hand in hand with the type of â€Å"left- wing ideology† that is being described. Its government is considered to be a Stalinist dictatorship, which is communism inspired, by Josef Stalin himself, who once ruled the Soviet Union with the socialist approach. Again, with a left-wing approach for the better of the individuals and society as a whole, democracy has no room to be measured, as to how much of it is actually used in the government, which leads to North Korea being one of the most authoritarian governments in the world. With North Korea having below the index of Democracy among the 167 nations across the world, Venezuela is not very far from i ts actions towards the people and immigrants of Venezuela. Report on Global Anti-Semitism. The report documents how openly anti-Semitic the Venezuelan government now is. Besides the raid on the Jewish school, it noted that President Chvez cautioned citizens against following the lead of Jewish citizens in the effort to overturn his referendum victory. Anti-Semitic leaflets also were available to the public in an Interior and Justice Ministry office waiting room. It looks like authoritarianism has a way with Jewish immigrants. Hitler felt they were a threat to his Third Reich, and the nation as a whole and started extermination camps to have them wept off the face of the earth. Hugo Chavez is on the same page as Hitler was; except Chavez was less determined as Hitler was, towards his goals. Nonetheless, if the Venezuelan government has led to the bullying of its Jewish populations, how far are they going to go? Discrimination is where it all starts, and that is what started to the much later and traumatizing Holocaust the Jews had went through under Hitler’s authoritarian regime. As the quote above mentions, Anti-Semitic leaflets are available to the public, spreading the word, or word of mouth is very key to have ones’ perception on something to change into something else and Hugo Chavez’s government is very well aware of that to back up their actions and discriminations against the Jews. To an extent, having an authoritarian government doesn’t mean it’s always going to bad or hell for the citizens that resides in the such state. If the leader or the authoritarian is a real character of having to implement social and economic structure for the good of his or her nation, why would it be bad? After all, the leader is making full use of his or her power, where what he or she says is the law, not having to pass legislations through their cabinets, not having to wait on votes for motions to pass though, or if worse comes to worse, the opposition rejecting such good laws and have the good intentions go down the drain. What they say, is what happens, and in such cases hoping the best for one’s nation is never wrong. Having a left-wing ideology to change the nation is a bonus for the nation. Socialism and lastly communism, is what leaders like Hugo Chavez yearn for, having a nation where there are neither rich nor poor, everyone is equal. Of course such t heory will always sound good, but also, sound too good to be true. Hugo Chavez, with his Chavismo ideology, wants the Venezuelans to all be protagonists of each of their own lives. Have them to prosper, have them to be equal from one another, have them to be the subjects and not objects; not always having to work for themselves in a hard labour environment, with wage labour especially. â€Å"The Chavez governments pledge to advance the revolutionary process through radical democratic means can be explained by its resolve to construct a society that allows Venezuelans to become protagonists or subjects and not just objects of the transformation. It is recognized that Venezuelans will develop the capacities and attitudes necessary for socialism only through practice.† Sure, there is no democratic practice, where the citizens of the state do not have to choose who they would to elect to lead and prosper their state, but why should they need to have rights to vote when the leader himself will take good care of the people, especially through an ideology of Chavismo, where Chavez only wants the best for his nation and his people as a whole. When the word authoritarian arises, one word that might arise simultaneously would be corruption. So what is corruption? In this context, politically speaking, corruption is the use of legislated powers by government officials for illegitimate private gain. With the greed of power, and misuse of power, comes corruption. â€Å"The executive branch also acquired control over the National Electoral Council (CNE), the body that governs electoral affairs. For the first time in Venezuelas democratic history, doubts began to arise concerning the fairness of electoral rule.† It was mentioned and asked upon earlier, what is the point of having elections and trick the citizens of the state in having them to exercise their democratic rights, or so they think, when the opposition is highly unlikely going to win when the same man is repeatedly in power. Well, the quote above can best be described in such case, brought up earlier and now. If the executive branch of the state has acquired control of the National Electoral Council, why would or how could the opposition or anyone opposing to win against him or her in power presently. To make things worse yet, at the same time to have some sort of light shed on the issue, were all the elections fair and square then? After all, political competition is the reason why the people are voting. It is based on how well the politician has grasped the citizens attentions, how well the leader has achieved his or her goals is what determines if they are ready to be accepted in power again and again. It must be the power of c orruption, to have control over the electoral bodies and win all the time, so that personal gains can be achieved by having themselves placed in office. Hence, there is no point of having society to believe in democracy or have them to believe they have rights in choosing who their leader is. Another prime example, of how well corruption can determine one’s entrance into power is through selling out the votes. If votes are sold, why worry about losing in a political election battle. Of course, the people would want better lives in Venezuela, better or even higher standard of living than what they have with Hugo Chavez at the present time, yet Chavez, being an authoritarian he is, having the greed and hunger for power over and over again in office, can make the people happy through his way of corruption. â€Å"State spending is born from democratic pressures (heightened political competition), but beyond a certain threshold of irregularity, it begins to undermine democratic institutions, creating a playing field that is far from level. Spending has given the Venezuelan government an advantage in competing for votes: The opposition campaigns with words; the state, with words plus money.† All the opposition can do really is, getting the word out. What is their agenda, how they plan to change the nation and make it different from Hugo Chavez’s regime and what they planning on changing it to, if someone like Hugo Chavez have been in power for many years, yet with an authoritarian approach. Whereas, the state, in this Hugo Chavez himself, running for presidency again and to make sure he secures a good majority of the votes that paves his arrival back into the office, one opportunity is to acquire control of the electoral council and two have money talk. Pay the voters and make sure his votes are secured. Hugo Chavez must have life pretty easy as he wants it to, by having to win the elections with almost no opposition, getting what he desires based on his political agenda of his authoritarian regime, oppressing freedom of speech and freedom of press in that sense, can pretty much take Venezuela to wherever he wants on the map, with his â€Å"left-wing†, or his Chavismo ideology. Claiming to have Bolivarian Socialism , as the 21st century socialism, a definition of socialism to help the poor, in which he has succeeded, as the supporters and fans of his are mostly the poor and the les cared in the streets of Venezuela. Sure he’s got schools for the less fortunate kids, and less fortunate mothers making money as single mothers and house wives as their primary job. It is definiatly not a radical democracy; what other rights does his nation have? It is another authoritarian regime headed by a powerful man, Hugo Chavez. With the way things have gone, and going Venezuela is no where near the real left wing political ideology, of Socialism. Bibliography Venezuelas Participatory Socialism Burbach, Roger; Pineiro, Camila Socialism and Democracy, vol. 21, no. 3, pp. 181-200, Nov 2007 informaworld.com.ezproxy.library.yorku.ca/smpp/section?content=a783592192fulltext=713240928 Populism and Foreign Policy in Venezuela and Iran Dodson, Michael; Dorraj, Manochehr The Whitehead Journal of Diplomacy and International Relations, vol. 9, no. 1, pp. 71-87, Winter-Spring 2008 ciaonet.org.ezproxy.library.yorku.ca/journals/shjdir/v9i1/f_0016623_14365.pdf Chavezs Venezuela Gonson, Paul Current History, vol. 105, no. 688, pp. 58-63, February 2006 http://proquest.umi.com.ezproxy.library.yorku.ca/pqdlink?Ver=1Exp=12-03-2014FMT=7DID=986385851RQT=309clientId=5220- Hurricane Hugo: Venezuelas Hugo Chavez is a threat to more than just his own people Author Halvorssen, Thor Source Weekly Standard, vol. 10, no. 44, pp. 25-27, August 8 2005 http://proquest.umi.com.ezproxy.library.yorku.ca/pqdlink?Ver=1Exp=12-03-2014FMT=7DID=879517301RQT=309clientId=5220 Hugo Boss Corrales, Javier Foreign Policy, no. 152, pp. 32-40, January/February 2006 http://proquest.umi.com.ezproxy.library.yorku.ca/pqdlink?vinst=PRODfmt=3startpage=-1ver=1clientid=5220vname=PQDRQT=309did=960626551exp=12-05-2014scaling=FULLvtype=PQDrqt=309TS=1260152182clientId=5220 Research Papers on The 'Bolivarian Revolution' in VenezuelaAssess the importance of Nationalism 1815-1850 Europe19 Century Society: A Deeply Divided EraBringing Democracy to AfricaNever Been Kicked Out of a Place This NicePETSTEL analysis of IndiaWhere Wild and West MeetThe Effects of Illegal ImmigrationQuebec and CanadaTwilight of the UAWRelationship between Media Coverage and Social and

Monday, November 4, 2019

Helium Essay Example | Topics and Well Written Essays - 1750 words

Helium - Essay Example Nobel Prize winners in Physics like R. Richardson with colleagues Osheroff and Lee, nevertheless, points out the essential features of ‘helium’ and the reasons which are worth startling the public to the extent of agreeing that expensive costs be imposed on helium for the sustenance of MRIs, fiber optics, rockets, and other machines that hold special vitality in supporting human lives and activities. Where does helium come from? (in geographical, political and economic terms, as much as the chemical origins). Basically, Sun is the primary source of helium, one of the most stable elements, which is yielded through hydrogen fusion reactions in the solar system whereas on Earth, the radioactive decay of massive elements which are chiefly thorium and uranium over billions of years is found to cause helium formation beneath the Earth’s surface. Along with natural gas, the helium produced exudes out of large rock cavities under low pressure into the atmosphere which has approximately five parts of helium per 100,000 parts of air (Lansing, 1995). In 1868, spectrometer was first used to examine the Sun’s chromospheres during a solar eclipse in India where the resulting spectrum confirmed quantities of hydrogen including yellow stripes which were alleged to characterize sodium element. Unconvinced by the initial hypothesis, French astronomer Janssen further investigated on the matter and was able to disclose the truth about the stripes as beyond the traits of sodium but were most likely part of an unknown element’s identity. On a separate intensive research conducted by Lockyer and  Frankland, Janssen’s results proved that due to its ‘bright yellow stripe’, the element could not have originated from the earth after which  Frankland proposed to call it â€Å"helium† coming from the Greek word â€Å"Helios† meaning Sun. Similar findings were revealed through a range of spectra of other stars that comp rised the yellow stripes whereas Palmieri observed them in gases erupting from Mt. Vesuvius back in 1882. It was not until 1895 that the studies of helium became more meaning when Sir  William Ramsay  treated a Norwegian ore (cleveite) with acids which yielded evolution of helium gas. Hence, the appearance of the yellowish streak in the experiment marked the certainty that on our planet, helium does exist. After nearly two decades, around the same time radium came to be known, scientists had undergone another batch of efforts that would lay foundations for an understanding of helium as a radioactive substance (Helium, History). Geographical findings indicate that the United States, specifically Texas, makes the world’s largest manufacturer of helium despite the valuable presence of helium extraction facilities in Algeria, Russia, and China. Being distilled from  the natural gas  that contains appreciable quantity of uranium and thorium to undergo radioactive decomposi tion, the helium formed is normally derived from rare circumstances of alpha-particle capture occurring underground at considerable depths (Deakin, 2010). Helium is opulently recovered from a region in Amarillo, Texas or the Texas panhandle within a perimeter of 400-km radius and this accounts for a major resource amount that sustains different parts of the world with their helium requirement (Edwards, 2004). Colorado, Kansas, and Oklahoma are also states of origin responsible for contributing small percentages of helium throughout all nations (ScienceDaily). What are the major uses of helium and why are existing reserves irreversibly declining? Several applications of Helium has have been made possible due to the element’s distinct chemical and physical properties such as low boiling point, low

Saturday, November 2, 2019

Recruitment and Human Resource Management Essay

Recruitment and Human Resource Management - Essay Example The human resource management team then analyses these forms before inviting the qualified candidates for interviewing.   After the selection of the suitable candidate from the interviewees, the procedure of induction follows. Induction is a process that aims at familiarizing an employee with the organization’s processes and the nature of the job. A good induction process should be open and interactive, to make the new employee be acquainted with co-workers easily. The process should also be relevant and specific on the standards and rules that guide the operational framework of an organization. The process should be safe and considerate on the employee’s working conditions.   The period that the induction process takes depends on the size, nature, and standards of the organization and the job. The process, though not formal, is a good way to ensure that an employee blends into the organization comfortably. The employee will first meet and talk with fellow colleague s. This interaction process should be friendly and focused on the experiences of the new colleague. This process should be open to questions, and subsequent discussions on the nature of the organization.  Thereafter, the new employee is introduced to the rules of the organization. Organizational storytelling is a good way of instilling the organization’s principles to the employees (Taylor, 2011). The value of the hospitality industry in the UK is significant to the economic growth of the UK.