Compare and Contrast Three Major Philosophical Viewpoint...

The question that the textbook poses at the very beginning of chapter four is, â€Å"Are you Free† (Chaffee, 2013, p. 172)? Most people would look at this question as pretty cut and dry and would answer a resounding yes. Philosophically speaking, it is not that easy of an answer. You have to be willing to look at the question with an open mind, and ask yourself if the choices you make are truly free or if they are governed by forces outside of your control. In the following paper I intend to compare and contrast the three major philosophical viewpoints regarding this question, and come to a conclusion on which I find to be the right answer. I believe the best way to do this is to first lay out the beliefs of each viewpoint. Once I have done†¦show more content†¦176). The determinists believe that people are molded by outside forces such as human nature, their environment, psychological forces, and social dynamics (Chaffee, 2013, p. 173). Human nature refers to the inborn nature that every person is genetically hardwired with. In other words we can’t have free choice because we cannot alter our fundamental character (Chaffee, 2013, p.173) Being a product of our environment is saying that we make choices based off of life experience. An example would be a person who grew up in an environment where he was taught to give to charity as opposed to someone who was raised in the projects and commits an armed robbery to provide for himself. According to determinists in either case the person isn’t responsible for their actions because they didn’t choose their environment and were molded by forces beyond their control (Chaffee, 2013 p. 173). Psychological forces refer to the deep psychological impulses that govern our choices and they are formed by people’s earliest relationships and experiences. Based on this point of view, people may think they are in control but in reality are being controlled by unseen psychological forces. An example would be if you were a habitual liar it really isn’t your fault because you are compelled to lie by psychological forces over which you had no control (Chaffee, 2013, p.173). Determinists also believe that we make choicesShow MoreRelatedPhilosophy comparing libertarianism, compatibilism, and determinism2363 Words   |  10 Pagesby forces outside of your control. In the following paper I intend to compare and contrast the three major philosophical viewpoints regarding this question, and come to a conclusion on which I find to be the right answer. I believe the best way to do this is to first lay out the beliefs of each viewpoint. Once I have done this I can compare them, and give my insight on which I believe to be right. The first viewpoint regarding human freedom is determinism. The thesis of the determinist isRead MoreGeorge Wilhelm Friedrich and the French Revolution Essay1881 Words   |  8 Pageswrote Phenomenology of Spirit, his first major book. Hegel left the University in 1806 after the battle of Jena in which Napoleon and his troops battled Frederick William III of Prussia. Hegel then moved to Nuremburg and became headmaster of philosophy at a high school there, with future teaching philosophy positions secured at several universities. During this time as an educator, he published his books Science of Logic (1813), Encyclopedia of the Philosophical Sciences (1817), and his Philosophy ofRead MoreSociology and Emile Durkheim2640 Words   |  11 PagesCompare and contrast the theories and methods of Emile Durkheim and Max Weber regarding social behavior. 1.Introduction Emile Durkheim and Max Weber are founding fathers of sociology and outstanding sociologists who made great contributions to the development of sociology and progress of human beings. Previous studies have been done about the theories and methods of Durkheim and Weber, and their works have also been studied for many times from different viewpoints, such as the nature of humanRead MoreAmerican Involvement During The Holocaust2387 Words   |  10 Pagesfar-reaching, and the analyzations and comparison of some of these can lead to a greater understanding of not only the happenings of the Holocaust itself but also the social reactions to the event by the many groups involved. Four sources I intend to compare include Martin Gilbert’s Auschwitz and the Allies, David Wyman’s The Abandonment of the Jews: America and the Holocaust, 1941-1945, W.D. Rubinstein’s The Myth of Rescue: Why the Democracies Could Not Have Saved the Jews from the Nazis, and Peter Novick’sRe ad MoreThe Roman Way, by Edith Hamilton2453 Words   |  10 Pagesthe greatest literary figures from around the time of 200 B.C. to 100 A.D. Some of these writers include Cicero, with his vast assortment of letters; Catullus, the romantic poet; and Horace, the storyteller of an unkind and greedy Rome. They are three affluent white men from around the same period of time, although each of them had very different styles of writings and ideologies. Edith Hamilton does a great job in translating the works of many different authors of Roman literature, discussingRead MoreEssay on Asian Philosophies of Critical Thinking5513 Words   |  23 Pagesto emerge in different cultures, I started to develop my own viewpoints and answers. I started to wonder about the truth between the real differences of Asian and Western philosophies of critical thinking. This extended essay, intended to be a research and investigation, bearing the title  ¡Ã‚ §Asian Philosophies of Critical Thinking: div ergent or convergent to Western establishments? ¡Ã‚ ¨ is in fact however merely just a summary of my viewpoints and answers which I have developed throughout the years. Read MorePHI 445 Personal Organizational Ethics Essay4557 Words   |  19 Pagesself-interest is a critical element in a society’s economic development. Karl Marx, by contrast, argued that society functions better when each of us is more community oriented. Pretend you are either Adam Smith or Karl Marx, and explain economic recession from these perspectives. Discuss when greed and selfishness in businesses go too far and become a hazard to society. Stepping back into your shoes again, contrast your system of values and ethics concerning greed and self-interest with the systemRead MoreEnglish Preromanticism: William Blake3403 Words   |  14 Pagesof this purpose, the following aims are critically set: 1. To analyse the William Blake’s criticism of his own time, society. 2. To study ideas, themes in the poem books â€Å"The Songs of Innocence† and â€Å"The Songs of Experience† 3. To compare the statements from the poems with the situation in the real life The methods. The theoretical analysis of the problem is based on different literary sources, their analysis, comparisons and critical evaluation. When it comes to the disposition looksRead MorePolitical Philosophy and Plato Essay9254 Words   |  38 Pagescontradictions. It was designed to force one to examine ones own beliefs and the validity of such beliefs. In fact, Socrates once said, I know you wont believe me, but the highest form of Human Excellence is to question oneself and others. Philosophical beliefs The beliefs of Socrates, as distinct from those of Plato, are difficult to discern. Little in the way of concrete evidence exists to demarcate the two. The lengthy theories given in most of the dialogues are those of Plato, and some scholarsRead MoreCapital Ventures : Opportunities For Renewable Energy Investment10254 Words   |  42 PagesFirm Opportunities in the Renewable Energy Sector 10 2.3 Market Opportunities for VC Firms in Renewable Energy 12 2.4 Empirical Evidence 13 2.5 Conceptual Framework 16 Chapter Three: Research Methods and Data Description 20 3.1 Introduction 20 3.2 Research Philosophy 20 3.2.1 Ontology 20 3.2.2 Epistemology 21 3.2.3 Philosophical Stance 21 3.3 Research Design 22 3.4 Data Collection Instrument 22 3.5 Data Description 23 3.6 Method of Data Presentation and Analysis 23 3.7 Ethical Considerations 23 Chapter

Characteristics of the Romantic Music Period Essay

It is arguable that some Romantic music made greater demands upon its listeners than did music of previous historical periods. What were those demands? Why did these changes come about? And what strategies can you formulate for listening to this music today? In consideration of the musical changes present in the Romantic era, this essay will contend that these changes are very much related to the wider social and technological changes in society around that time. Thus, it is important to identify the broad time period encompassed by this era. The definition of Romanticism in The New Grove Dictionary of Music and Musicians is: â€Å"A movement or, more commonly, period of cultural history. When understood as a period,†¦show more content†¦The improved piano was critical to his displays of technical prowess. Without it he would not have been able to play pieces as demanding on the instrument. The â€Å"hitherto unimagined difficulty† [x] of his Vingt-quatres grandes à ©tudes pour le piano[xi], was considered too much by the composer, he revised the Études and later published his Études dexà ©cution transcendante[xii], – the latter still ferociously difficult but surpassed in that respect by the former. Given that a key feature of Liszt’s playing style and compositions was technical skill, one could argue Liszt could not have been the performer, or composer, he was, in the preceding century. Nicolà ² Paganini was another virtuoso of the highest calibre – a violinist[xiii]. He, too, gave fantastic performances to rapturous crowds in numerous countries. William Ayrton, editor of The Harmonicon, remarked that: â€Å"[H]is powers of execution are little less than marvelous, and such as we could only have believed on the evidence of our own senses; they imply a strong natural propensity for music, with an industry, a perseverance, a devotedness and also a skill in inventing means, without any parallel in the history of his instrument.† [xiv] Paganini, similar to Liszt, composed works for his instrument, which were considered some of the hardest in its repertoire[xv] - pushing the boundaries of the Romantic violin to previously unseenShow MoreRelatedRomanticism in Music1653 Words   |  7 Pagestwentieth century. Drastic changes in the arts took place over the course of this time period. During this movement, much emphasis was placed on emotion and imagination in the arts. Prior to the Romantic Period, music had been seen more as recreation and njoyment than as an integral part of culture. The term Romanticism was first used in England and Germany in reference to a form of literature. It soon after spread to music and the visual arts. Romanticism was largely a product of two important revolutionsRead MoreBeethoven and the Classical and Romantic Periods Essay1700 Words   |  7 Pages1993. The performance piece is a sonata which is defined by Kerman as â€Å"a chamber-music piece in several movements† (Kerman, 427) The thirty-first sonata came to be in an interesting way. Moritz Schlesinger, in the summer of 1819, had made a request to Ludwig van Beethoven. Schlesinger was in search of some music and thought that Beethoven would be perfect for the job. He asked Beethoven to compose the desired music for him and would pay Beethoven in return. The two agreed in the May of 1820 thatRead MoreCharacteristics Of The Classical Era Of Music729 Words   |  3 Pagesrecognized as a great composer in western music. Beethoven was also known for creating the bridge between the classical and romantic era of music. He is known for doing this because he took key aspects of the classical era and merged them with key aspects of the romantic era. The classical era of music dates from 1775-1825. The classical music era had a lighter and more clear texture (Kamien 161). The music from this era was mainly homophonic meaning that the music had one part or melody that dominatedRead MoreBeethovens Sixth Symphony1173 Words   |  5 Pages Beethoven’s sixth symphony (also known as the pastoral symphony) has qualities of both the classical and romantic periods and illustrates Beethoven’s revolutionary ideas as well as highlights his classical influences. The programmatic nature of the piece is the dominant romantic feature although the use of brass and percussion as well as the dramatic dynamic changes are also characteristics from this era. However there are many classical influences in Beethoven’s work such as the balanced phrasingRead MoreClassical And Romantic Eras Of Music1268 Words   |  6 Pagesthe changes in the environment in which the music evolves from. Both the Classical and Romantic eras of music offer influential aspects of music. In order for significant and noticeable changes to occur in music, the society surrounding it must also change. Significant social and political movements often bring on these stylistic changes in music. These changes can range from the way personality is expressed in music to the actual orchestration of the music. Without these changes though, culture wouldRead MoreLiterature during the Romantic Era972 Words   |  4 Pagesï » ¿Romanticism Introduction The Romantic era began in the late eighteenth century as a reaction against the Age of Enlightenment and was a period of great change and emancipation. The movement started as an artistic and intellectual reaction against aristocratic social and political norms of the Enlightenment and against the scientific rationalization of nature. During the Enlightenment literature and art were primarily created for the elite, upper classes and educated, and the language incorporatedRead MoreThe Age Of Enlightenment : Classical, Romantic, And Modern1023 Words   |  5 PagesThroughout history, music has transformed and evolved from style to style with numerous contributions by many composers and musicians that have dedicated their lives to changing the music world. We saw huge changes in styles between each musical era. From 1750 until the present day, there have been three major musical eras: classical, romantic, and modern. All three of these eras have brought new and innovative ideas to the world, but they are all drastically different stylistically, philosophicallyRead MoreBallet and Giselle781 Words   |  4 Pagesconsidered one of the great Romantic ballets. Romantic era was late 18th and early 19th centuries. The period mainly does not follow rational movements but rather Romantic ideas in art influence the ballets. Ballets in Romantic period focus on the conflict between man and nature where as others try to bring difference to ballets from other nations. Ballerinas stand in the forefront compared to male dancers. Giselle is one of the most popular ballerinas of the period and separate identity of theRead MoreAn in-Depth Analysis of the Use of Specific Musical Concepts in Correlation to the Romantic Period1310 Words   |  6 PagesThe Romantic Era was a period of great change and emancipation. It moved away from strict laws by allowing artistic freedom, experimentation and creativity. Romantic music evolved from ideas established in earlier periods, such as th e classical period, and went further through the use of expression and passion. New musical concepts evolved due to current trends and the music was deeply personal and nationalistic. Musical concepts including pitch, tone colour and dynamics and expressive techniquesRead MoreInfluences of the Romantic Period1575 Words   |  7 PagesInfluences on the Romantic Period Romanticism spawned in the late 18th century and flourished in the early and mid-19th century. Romanticism emphasized the irrational, the imaginative, the personal, the spontaneous, the emotional, the visionary, the transcendental, and the individual. Romanticism is often viewed as a rejection of the ideologies of Classicism and Neoclassicisms, namely calm, order, harmony, idealization, rationality and balance. Some characteristics of Romanticism include: emotion

Company Law The Business Structure

Question: Describe about the Company Law for The Business Structure. Answer: 1. In a partnership type of business structure, two or more people, carry on a business, with a common goal of earning profit. A mutual participation forms the participations is enough to form a partnership, as was held in the case of Green v Beesley[1]. The necessary elements of a partnership include the carrying on of a business, a commonality, as well as, a view to earning profits. A business should be a going concern, instead of a sole isolated transaction, to establish a partnership. There has to be mutuality in the interests, obligations and rights of the individuals, to formulate a partnership. Most importantly, the business should be run by the individuals to earn a profit. The prima facie evidence for the existence of a partnership is the sharing of the profits. The percentage of sharing the profit is mostly equal, unless a different percentage if prescribed in the partnership agreement. In the given case, Aysha and Dilara were operating a partnership form of business structure. Aysha and Dilara, are two people, operating a common business of winery, as a going concern, to earn profits. Further, they share the profits equally. These fulfill the criteria for a partnership. So, from the above analysis, it can be clearly concluded that type of business organization operated by Aysha and Dilara was a partnership. In a partnership type of business, there is a restriction for transfer of the interest of a partner[2]. Unless and until, all the partners agree to the transfer of interest, such an interest cannot be transferred in a partnership. Further, to add a new partner in the partnership firm, the consent of each of the partners is required. And so, there is a difficulty in transfer of ownership in this business form. So, there is a restriction on both entry, as well as, exit of a partner from the partnership firm. In order to sell a part of the business, in a partnership, all the partners have to agree to it. The major disadvantage of this business type is that there is a high risk of dispute arising from friction, as well as, disagreements amongst the partners. So, when there is a dispute amongst the partners, the business of the firm can come at a standstill. In the present case, Dilara and Aysha had been approached by Polat to buy a part of their Winery. Being a partnership firm, Dilara and Aysha are eligible to do so, as long as both of them are willing to go forward with the sale. But, upon the sale of the part of winery, Polat would become a partner in their partnership firm. So, in the future, the profits would be shared by Dilara, Aysha and Polat. And the business would be run by these three. But being a partnership firm, the control of business would be shared amongst these three. But, when a dispute arises in future, a deadlock can occur in the business. In a company form of business, generally there is no restriction regarding the entry or exit of a member, unless specifically provided. To become a member of the company, a person can buy shares in the company, and attain membership. A member can transfer his shares to another person and such transfer is considered as valid, as long as such transfer is registered as provided in Section 1072F[3] of the Corporations Act, 2001[4]. As long as the transfer of shares is done as per the will of the person, Section 1071B(5)[5] of this act, allows the transfer of shares in a company. In case of a dispute on any matter in a company, the company does not reach a standstill, because of the majority rule. In a company, to pass any matter, generally the majority rule is applicable. So, in case of a dispute, the item pertaining to the dispute can still be passed by a majority of the members, and so the business continues to run. So, the disadvantage which is faced in the company regarding the deadlock of communication can be resolved by adapting corporations act, as majority rules is applicable there. So, in the present case, Aysha and Dilara should opt for a company as a business structure, so that, in case of future disputes, the matters can be resolved. Further, in case of a company, there is no restriction regarding the transfer of share/interest. So, even if one of them disagrees, the other can go through with this sale to Polat. 2. A shareholder of a company has the right to share the earnings or profits of the company, and payment of dividend is the way in which the shareholders share the earnings and profits, and is a reward for such shareholders. Section 254T[6] of the Corporations Act, 2001 provides that a company should not pay the dividends unless and until the assets of the company exceed its liabilities before declaration of the dividend and such excess is enough to pay the dividend; as a whole, the payment of such dividend is reasonable, as well as, fair to the shareholders of the company; and such payment does not significantly prejudice the ability of the company to pay off its creditors. Section 588G[7] of this act contains the duty of a director to prevent insolvent trading of the company, and prohibits the incurring of such debts which result in the insolvency of the company. So, as long as both these sections are complied with, the right of the shareholder regarding the attainment of dividend continues. The director of the company has to discharge his duties, and exercise his powers for a proper purpose and in good faith[8], which is in the best interest of the company, as provided by section 181 of this act. Section 180 provides that a director has to discharge his duties, and exercise his powers with diligence and a degree of care, which a prudent person in similar circumstances would exercise[9]. This section further provides that a director has to make the business judgment in good faith and for a proper purse and should not have a material personal interest in the matter of judgment. When a director breaches his duty, which is owed towards the shareholders or the company, the shareholder has the right to bring legal action against such director. Further, in case of oppressive, unfair discriminatory or prejudicial conduct is established, a shareholder can seek relief[10] as per Section 233 of this act. Through this section, the court has the power to restrain a director from doing a specific act, or from engaging in specified conduct. In the present case, Leo had the right to receive dividend. The company had increased revenues of 300%. The two executive directors of the company paid themselves a huge bonus, along with a pay raise. They also leased two expensive cars for their personal use. The directors have a duty of care towards the company and have to act in a diligent manner. But here, the directors failed to discharge their duties in the manner stated in the Corporations Act. They personally benefitted themselves from the profits of the company, instead of sharing this profit with the shareholders of the company. Even though it is in the discretion of the directors to declare the dividend, but in case, the provisions of the Corporations act are fulfilled, it is their duty to pay such dividend to the shareholders. So, in this case, Leo has the right to approach the court against this breach of duty by Amanda and Ruby. Further, he can also request the court to restrain Amanda and Ruby from removing Leo from the Board. 3. Section 180 of the Corporations Act, 2001[11] provides that the director of a company has to discharge his duties, as well as exercise his powers in a diligent manner and with a degree of care, which a prudent person in similar circumstances would exercise. Further, a director has to make the business judgments for a proper purpose, in good faith and should not have any kind of material personal interest in the matter of judgment. Also, the directors are required to inform themselves about the matter of judgments, which are believed to be reasonably appropriate and finally make such a decision which is in the best inertest of the company. Section 181[12] of this act provides that a director of a company has to discharge his duties, as well as exercise his powers for a proper purpose and in good faith, which is in best interest of the company. Section 182[13] of this act contains the provisions which prohibit a director from using their position in an improper manner so as to gain an advantage for someone else or themselves, or in a way which is detrimental to the corporation. Section 183[14] of the Corporations Act, 2001 provides that an individual, who attains information by being the director of the company, should not use this information in an improper manner so as to gain an advantage for someone else or themselves, or in a way which is detrimental to the corporation. Section 588G[15] of this act contains the provisions regarding the duty of a director to prevent insolvent trading by a company. The applicability of this section is dependent on the person being a director at the time of incurring the debt. Further, the company becomes insolvent due to incurring such a debt and there are reasonable grounds to suspect that the result of such transaction would be make the company insolvent, or is already insolvent. Being a director, a director has to be constantly aware about the financial position of the company to prevent insolvent trading. Section 189[16] of this act contains the provisions regarding the reliance made by the directors for the information provided by the others. In case a director of the company, relies on the information, expert or professional advice, which has been provided by: Companys employee who is believed, on reasonable grounds, to be competent, as well as reliable regarding the relevant matter, as per the director. An expert or a professional adviser who is believed, on reasonable grounds, to have the expertise or professional competence, as per the director. Some other director or an officer of the company regarding the relevant matter, which are within the authority of such director or the officer. A committee of directors, where the director did not serve regarding the matters which were within the authority of the committee. The director has to show that such reliance was made in good faith, as well as, after making a proper assessment of the advice or the information, as per the knowledge of the director regarding the operations and structure of the company. And the reasonableness of such reliance has to be shown and this determines whether or not the director has performed his duties as per provisions of this part. Section 286[17] provides that the company has to keep the adequate financial records which correctly record, as well as, explain the transaction, along with the financial position and performance of the company. The section further states that such financial records should enable the true and fair preparation, as well as, audit of the financial statements of the company. A failure on part of the director to ensure the fulfillment of this section, results in contravention of the Corporations Act. And in case of an insolvent trading action is brought against a director of the company, it is generally assumed that throughput the entire period of the insolvency, the company failed to keep the necessary financial records. Section 347A[18] of this act provides that the directors of the company have to pass a solvency resolution, within two months after each of the review date for the company. There are numerous consequences, as well as, penalties applicable on a director due to insolvent trading, and this includes civil penalties, criminal charges, as well as, compensation proceedings. The civil penalties are provided in the Corporations Act for contravention of the insolvent trading provisions, which includes pecuniary penalty for an amount up to $200,000. The criminal charges are applicable in case it is established that the insolvent trading resulted from dishonesty. So, along with penalty of $200,000 or imprisonment of up to 5 years, the criminal charges would apply on the director. An action initiated by the liquidator, creditor or the ASIC, for the amount lost by creditors results in a compensation order against such director, along with the civil penalties. Further, the breach of directors duty also attracts the civil penalties as stated in Section 1317E[19] of this act. In the matter of Australian Securities and Investments Commission v Edwards[20], the judge held that such a debt involves any act or omission, or such other circumstances, which can cause the company to owe a debt. In the landmark case of Southern Cross Interiors Pty Ltd (in liq) v Deputy Commissioner of Taxation[21], the judge held that the solvency of the company, for the purpose of Corporations Act, is ascertained by considering the financial position of the company, as a whole. The judge in the case of Elliott v Australian Securities and Investments Commission[22] held that a director would have contravened the provisions of this act by not preventing, or by failing to prevent the company from incurring the debt when reasonable ground was present regarding the insolvency of the company. The judge further held that it was not required to prove that each director failed his duty. The facts of this case are very similar to the facts of the case Commonwealth Bank of Australia v Friedrich[23]. In this case the court held the director liable for the debts which were incurred by the company as the director failed to prevent the insolvency of the company due to incurring such debts. The judge held that as a director of the company, it was his duty to know about the financial position of the company and had to read the reports provided to him, on which reliance was made regarding the soundness of the financial position of the company. And this added to the culpability of the director. Further, in the case of Metal Manufacturers Limited v Lewis[24], it was held by the court that the directors of the company are not allowed to merely surrender their duties, which are owed to the company, as well as, the corporation, by leaving a single director or general manager to discharge their responsibilities for them. On the basis of above, the three directors of the company have breached their duties as a director of the company, as well as their duties to prevent the insolvent trading. A director has to check for the soundness of the financial statements of the company and cannot use failure of reading such statements as a defense. Further, as provided in the above cases, a director cannot discharge their responsibilities by dumping all the responsibilities on one person. To conclude, the directors of TACH Ltd have breached their duties and are liable for civil penalties as stated above. 4. The accounts of a company are audited by the auditors and these audited accounts are used by the audit clients. The auditor of such a client owed the duty of care as per the terms of the contract, as well as, in tort, to its audit clients[25]. But, it is often seen that people other than the audit clients rely on such audited accounts. The creditors, along with the potential investors, are the most frequent users of these audited accounts of the company, so as to assess the value of the company, or the creditworthiness of the company. In the case of Caparo Industries plc v Dickman[26], the House of Lords restricted the extension of the auditor liability to the third parties, apart from their audit clients. According to the approach of privity test, the auditor owes a duty of care in case of a tort, only when there is a privity of the contract between the parties. And so, no liability is owed to the third parties in cases of tort. This approach was established in the case of Ultramares Corporation v Touche[27]. The judge in this case held that by holding the auditor liable to the third parties for a tort, other than the client of such auditor, the auditor would be exposed to indeterminate amount of liabilities for an indeterminate time to the indeterminate class of people. Though, in some case, going beyond the privity test, the liability of the auditor is set for the third parties and the test of existence of duty of care is applied. The available test regarding the existence of duty of care was provided in the case of Haig v Bamford[28]. The foreseeability regarding the use of the financial statement, as well as, the auditors report has to be established, along with the reliance. There should be an actual knowledge regarding the use and reliance of such statement by the limited class of people. And, there must be an actual knowledge regarding the plaintiff who would use, as well as, rely on the auditors statement. So, a third party has to prove one of these three points to establish the liability of the auditor for a tort. Due to the rising trend of litigation, the auditing profession has to huge costs on such ligations[29]. The possible risks as well as costs of a huge business could act has a prohibition for the audit firms to take up the audit of such businesses, due to the risk of litigations. And so, the auditors are only responsible to the audit clients. There is a growing consensus that the auditors should be held liable to the third parties in all the cases and the decisions of Caparo Industries plc v Dickman should not be followed anymore. The reason behind this consensus is that the auditors should be accountable for the statements they prepare, irrespective of the party for which they prepare such statements. The above stated tests, available for the third party, would restrict the duty of care which is owed by the auditors to the third parties. And so, this concept is wrong and should not be adopted, to bring fairness, as well as, reasonableness regarding the accountability of the auditors.

Threats in Breadtalk Group Limited-Free-Samples for Students

Questions: 1.Opportunities and Threats in the External Environment for Bread talk Group Limited 2.Discuss about the Creative work Environment and Innovation. Answers: 1.BreadTalk Group Limited was established in 2000, working in the food and beverage industry. Our primary objective is to produce freshly baked products across all our outlets. At BreadTalk we operate in three segments which include, restaurant segment bakery segment Food segment. We seek to provide our customers with unique food concepts embroidered in different culinary skills from different local cultures surrounding our customers. We believe in creating value for you in the types of food we offer. BreadTalk business has over 850 bakeries and has extended operations in 26 international countries. Dr. George established this business, and we have managed to employ 7000 employees in all the outlets. Our Location We are headquartered in 30 Tai Seng Street #09-01 Paya Lebar Singapore, 534013 We also have stores located in Singapore include Tiong Bahru Plaza, The Centerpoint, 313 Somerset, Citylink, City Square, Great World City, Paragon, Plaza Singapura, Raffles City and Singapore Cruise Centre Other franchising outlets are located in Hong Kong, Thailand, China, Malaysia and Taiwan. Operating Hours Weekdays 7 am-10.30 pm Weekends 8 am- 10.30 pm Telephone +65 68548336 - Customer inquiries and feedback +65 62856116- Recruitment purposes Opportunities International market Our market has expanded globally with consultants in Germany, Japan, Spain France and Twain. BreadTalk is grabbing the opportunity to take its culinary skills a notch higher in America, other parts of Europe and the African continent. Having had a good expansion in some countries, we now hope to grow our market in other continents as well. Having dominated the Asian and Middle East market, this is a great way to venture internationally. Diversification Having created a significant market share in the Asian region, there is an opportunity to diversify their products to include other market niches like fashion or garment. This is likely to increase the growth and earnings of the business (United States, 2008). Brand growth BreadTalk Group constitutes a family of 8 brands in daily food and bakery consumed in its region and outlets. This expansion has created an opportunity for growth. As asserted by Creative Educational Video Inc. Insight Media (Firm) (2009), with the new food cultures from other countries, there is an opportunity to grow more brands for the company. Through the reputable name that this business has created in franchising, there is a great opportunity in partnering with other countries to get franchising deals and grow the brand. Threats New entrants in food and beverage sectors BreadTalk business is likely to face threats from new competitors in the same industry, operating near our outlets. This may strongly affect the business earnings, in areas occupied by the new entrants (Seth, 2015). Competitors BreadTalk main competitors such as M.H. Alshaya and Four Leaves are likely to be a significant threat to the performance and growth of the business. These major competitors are likely to affect the positioning of the business. Strict regulations in foreign countries The threat of facing strict regulatory policies from other foreign countries is present. Each country has a different policy in operating business, and this may largely affect the existence of BreadTalk in international countries due to strict measures 2.Creative work Environment and Innovation Creativity refers to the value creation in a business where solutions are generated from new ideas. Innovation, on the other hand, involves improving and implementing new changes in the existing business. Creativity and innovation work together to create a competitive business in the market (Sloane, 2006). BreadTalk has embraced innovation in the business as part of their strategy to win the market and stay ahead of the stiff competition as well as establishing a creative environment Customized products At BreadTalk we pride in creative differentiation through producing fresh products in our outlets that are customized and localized to meet customer demands. Our vibrant team of culinary skills keeps developing new recipes in the different countries to bring out products that meet the diverse cultures of our customers. The management developed an in-house Research and Development program, where the team combines ideas to come up with different outstanding culinary recipes using quality products from all cultures. Every month we pride in providing a new pastry and other new collections in our products. We aim to meet every customers need in the food and beverage industry with localized flavors from local cultures. Exceptional internal network A creative and innovative environment at BreadTalk is created through creating a healthy relationship between the management and all stakeholders involved. These include outlets managers, partners, employees, and supplier. A healthy relationship has encouraged all the stakeholders to incorporate their ideas into the business, most of which have been implemented and have maintained our business on the competitive edge (Thompson, Choi, Kellogg School of Management, 2006). Employees are given the opportunity to give their ideas through the in-house Research and Development program. Every two weeks, employees meet in different teams depending on the three segments where they discuss on improving the business, give new ideas and discuss any issues arising in the business. This has largely contributed to exchange of new innovative ideas in the company that is well evaluated and implemented into the business plan (Sloane, 2006).From this teams, the idea of producing a new product every six months in every segment in BreadTalk was born. BreadTalk limited keeps up with new trends through producing a new product in the market after six months. References Creative Educational Video, Inc., Insight Media (Firm). (2009).SWOT analysis. Lubbock, Tex.: CEV Multimedia. Seth, C. (2015).Swot analysis. Namur: 50minutes. Sloane, P. (2006).The leader's guide to skills: Unlocking the creativity and innovation in you and your team. London: Kogan Page. Thompson, L. L., Choi, H.-S., Kellogg School of Management. (2006).Creativity and innovation in organizational teams. Mahwah, N.J: Lawrence Erlbaum Associates. United States, (2008).SWOT analysis: A tool for making better business decisions. Washington, D.C.: U.S. Dept. of Agriculture, Risk Management Agency

Locke Essay Research Paper John Locke free essay sample

Locke Essay, Research Paper John Locke John Locke was an English philosopher. He was born at Wrington, Somerset, on August 29, 1932. He had attended the University of Oxford. Locke had spent his boyhood in Beluton, near the small town of Pensford. But the house no longer stands at that place. Locke s parents, John Locke and Agnes Keene, were married in 1630 and John was said to be a pious adult female and Locke speaks of her with fondness. But the greater influenced seems to be from his male parent. Locke s male parent was a Puritan attorney who fought for Cromwell in the English Civil War. Locke was trained to sobriety, industry, and enterprise and made to love simpleness and to detest inordinate decoration and show. Early in Locke s life, he learnt the significance of political autonomy. He would hear his male parent expound the philosophy of the rightful sovernity of the broadened changed his mentality, but there can be no uncertainty that his cardinal attitude of life was determine for him. We will write a custom essay sample on Locke Essay Research Paper John Locke or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page John Locke believed that revolution could be justified if authorities failed to function their citizens but that people are willing to bear serve adversities before they restort to revolution. The Declaration of Independence is in consequence a public justification for revolution against an abu sive sovereign. John Locke John Locke was an English philosopher. He was born at Wrington, Somerset, on August 29, 1932. He had attended the University of Oxford. Locke had spent his boyhood in Beluton, near the small town of Pensford. But the house no longer stands at that place. Locke s parents, John Locke and Agnes Keene, were married in 1630 and John was said to be a pious adult female and Locke speaks of her with fondness. But the greater influenced seems to be from his male parent. Locke s male parent was a Puritan attorney who fought for Cromwell in the English Civil War. Locke was trained to sobriety, industry, and enterprise and made to love simpleness and to detest inordinate decoration and show. Early in Locke s life, he learnt the significance of political autonomy. He would hear his male parent expound the philosophy of the rightful sovernity of the broadened changed his mentality, but there can be no uncertainty that his cardinal attitude of life was determine for him. John Locke belie ved that revolution could be justified if authorities failed to function their citizens but that people are willing to bear serve adversities before they restort to revolution. The Declaration of Independence is in consequence a public justification for revolution against an opprobrious sovereign.

Admissionado Essay Samples: Why They Are Worthwhile

Admissionado Essay Samples: Why They Are WorthwhileAdmissionado essay samples help students avoid common mistakes that will make it difficult for them to compose a solid essay. The first mistake is to underestimate the importance of a good grade in the academic test. Students should remember that just because they have a very high score does not mean that they have passed the examination well. It is better for students to prepare their essays based on the syllabus and given essay topics instead of focusing on the grade they are going to get.Another common mistake is to overlook the importance of giving a clear outline of the topic. The essay needs to be an attempt to explain the content in a better way. There are some common topics in an admission essay, which are discussed in many sources. There are various lists of topics and essay samples to choose from as well.A good admission sample should be clear about the scope of the topic. That is why, a good essay sample has clearly define d introductory material which helps students in defining the scope of the essay. However, there are other considerations that should be taken into account. These are common points of the essay and can be explained to avoid common mistakes.The first important point to remember is that it should be clear how much you know about the topic. This means that you should be able to mention the basis of knowledge and related reading material that will help you understand the topic. This is especially true if you have spent time discussing the topic with the professor or other students. Without being clear about the topic, students might end up creating confusion which will make it hard for them to think properly and come up with an interesting piece of writing.There are several different types of essay samples that students should look at and apply to their own writing skills. There are famous admission essay samples from famous writers such as Paul Celan, Milton Friedman, and other famous w riters who write in response to the admission process. They provide great tips on how to use simple words in writing and avoid common mistakes that might affect your essay.Admissionado essay samples can be helpful to write a winning piece of writing. Many students seem to get confused while writing essays. The student might find it hard to choose the right topic for the essay and end up adding words that are not very useful. By using admissionado essay samples, students can easily focus on content and avoid over-using the available words.Some common mistakes students commit while writing are making the same mistake over again. Instead of searching for a more effective essay topic, students will try to save time by simply filling in the 'easy' questions. When essay writing is left to a single person, this can happen quite often. Using admissionado essay samples can help to eliminate the need for a huge pile of topics for a single essay.

perfect competition vs monopoly essays

perfect competition vs monopoly essays 1. Analyze the fast food industry from the point of view of perfect competition. Include the concepts of elasticity, utility, costs, and market structure to explain the prices charged by fast food retailers. Firms within the fast food industry fall under the market structure of perfect competition. Market structure is a classification system for the key traits of a market. The characteristics of perfect competition include: large number of buyers and sellers, easy entry to and exit from the market, homogeneous products, and the firm is the price taker. Many fast food franchises fit all or most of these characteristics. Competition within the industry as well as market supply and demand conditions set the price of products sold. For example, when Wendys introduced its $.99 value menu, several other companies implemented the same type of changes to their menu. The demand for items on Wendys value menu was so high because they were offering the same products as always, but at a discounted price. This change in market demand basically forced Wendys competition to lower prices of items on their menu, in order to maintain their share of the market. The previous example illustrates the elasticity of the fast food industry. Supply and demand set the equilibrium price for goods offered by franchises within the industry. Competitors of Wendys must accept the prices established by the consumer demand for the value menu. If consumers didnt respond so positively to Wendys changes, other firms wouldnt have had to adjust prices. On the flip side of this concept, there is no need for franchises to further reduce prices below the current levels. At the current prices, firms may sell as much product as they want, thereby maximizing profits. This industry has a very high utility value. Utility is a measure of satisfaction or pleasure that is obtained from consuming a good or servi ...