On Maximising Profits Essay Example | Topics and Well Written Essays - 1500 words

On Maximising Profits - Essay Example The desire to maximise profits does not form a clear and unique behaviour prescription. Enke (1965, p.54) adds that consequently, the economist cannot make individual-firm predictions in the short run.1 When the future outcomes of present decisions are uncertain, motivation does not constitute a criterion for each entrepreneur. To clarify motivation and criterion, Enke (1965, p.53) provides the following extreme gambling example. Suppose that one gambler might be given a hundred dollars and is told to make a single bet at a roulette table and "maximise profits" whereas another player might similarly be given one hundred dollars but then to "maximise losses." If they are obedient, both gamblers will play a number than a colour because, if they are ever to secure the maximum profits and maximum losses that they respectively seek, the longest odds provide profits or losses at the highest rate; if they both played a colour, they would be acting that is inconsistent with their instructions. Unless people have beliefs concerning the likelihood of certain future events occurring, a specific motivation cannot provide them with criterion for selecting one alternative from one another. The economist cannot predict how an entrepreneur will act if the economist does not know the entrepreneur's assessments of future pr obabilities (Enke 1965, p.55). Baumol (1961, p.193) also provides an example as to why the profit-maximising assumption does not hold for all firms. A small firm that is run by its owner may seek to maximise the proprietor's free time subject to the constraint that his earnings exceed some minimum level, and, indeed, there have been cases of overworked businessmen who, on medical advice, have turned down profitable business ventures. According to Anthony (1965, p.61), if a firm is to maximise its profits, the businessman must set a price such that the marginal revenue equals the marginal cost. This means that as a minimum he must be able top estimate the demand at all prices and the marginal cost at all volumes, and he must further estimate the extent to which demand is interdependent with cost because of advertising and other order-getting expenditures. In practice, states Anthony, is a "fantastically" [emphasis mine] difficult task, so difficult that is rarely attempted in practice. In Anthony's words: "who can accurately estimate the demand for a product at even one price" Another critic of the profit maximising firm is the "denigration" of the importance of managerial activity or to imply that it is without significant difficulties. Baumol (1993, p.3) defines the manager as the individual who oversees the ongoing efficiency of the continuing processes. In its generic and simplest form, the theoretical firm must choose among alternative values for a small number of rather well-defined variables: price, output, perhaps advertising outlay, and occasionally, a few others. The firm is then to perform a mathematical calculation which yields the optimal (profit maximising) values for all of its decision variables that the theory declares the firm's vector of decisions. Until there is such a shift in one of the relationships that define the problem, the firm is taken to replicate

Poetry books Essay Example | Topics and Well Written Essays - 1500 words

Poetry books - Essay Example The â€Å"Short Charter of Christ† employs a number of imageries which centrally focus on the development of the grand-imagery of crucified Christ. This imagery of the crucified body of Christ further conveys a holistic abstraction of Christ’s physical sufferings in exchange for the salvation of humanity. On the contrary, the image of the charter visualizes this grand metaphor through the triadic relationship among â€Å"signs†, â€Å"interpreters† and â€Å"ideas† which those signs are intended to convey to the audiences or readers. The scribe of this image has effectively employed a number of signs of physical sufferings such as five wounds, the nails, the â€Å"scourges of his attackers†, stains of blood, bones and skulls, etc. to conjure up Christ’s sufferings and to convey his pains to the readers. Through these symbols, he has attempted to visualize spatiotemporal settings of Jesus’ crucifixion in the mage, while the poem uses various imageries develop the traditional Christian concepts of humankind’s salvation and liberation through Christ’s suffering on the Holy Cross. Indeed, during the medieval period, it was a literary tradition of referring to Christ’s Last Will in Manuscripts. But some of the charters of Christ had been produced in the form of legal documents. In these charters, the scribes would make sincere effort to convey a sense of legality of the documents to the readers. Therefore, the scribes had to apply a number of techniques in this regard. These techniques include literary-visual binary techniques of presentation of the theme. While presenting the theme of the documents they would attempt to instill the spatiotemporal dimension of their subject matter. Necessarily, they had to assume the persona of Christ in their manuscripts. While Christ’s persona was worked out through linguistic strategy of using the first person perspective in the presentation of th e literary content, images were used to illustrate and visualize Christ’s figure. These pictorial presentations of Christ would more or less commonly uphold him in the posture of delivering sermon to his disciples. In this regard, it can be said that the pictorial presentation of Christ’s persona in the â€Å"Short Charter of Christ† is somewhat different from this tradition. Instead, the scribe of the â€Å"Short Charter† has adapted and elaborated the image of crucified Christ to visualize the theme of the poem. The â€Å"Short Charter of Christ†, had been written as a legal document in which Christ grants humankind the liberation and redemption from sins. This charter has a root in the medieval practice of writing religious documents in parchments. More specifically, this is the imitation of Christ’s Last Will and Testament. In order to work out the spatiotemporal dimension of Christ’s physical sufferings, the scribe has endeavored to convey the sense of Christ’s physical sufferings through the images of the cross, crucified Christ and other elements needed in the process of crucifixion. These symbols and images of crucified Christ nailed on the cross are sufficient enough to work out the realities which Christ himself faced. But in order to validate the legal dimension of the texts, those medieval script-writers would manipulate the imagery of Christ’s skin extended to serve as a parchment on which Christ’

The Issue of Marital Rape Research Paper Example | Topics and Well Written Essays - 2750 words

The Issue of Marital Rape - Research Paper Example Norms of the current age are based on equality and respect of each other while maintaining the status of equal partners. In legal and social parlance, it was believed that marriage was an institution in which sex between the partners is always legal irrespective of the fact that the woman is ready for it or not. The man was allowed to use her lady and she was bound by his commands. There was no concept of sexual assault and rape in a marital relationship even a century ago. It is pertinent to note here that a law is an off shot of aspirations of the society in which its citizens decide that how they would view a balanced society and on which ground they would like to judge the other and to be judged. Historically, law –just like other segments of the society- was reluctant to admit any interpretation of forced sex in a marital relationship as a rape. Marriage was considered as a license for a man to have sexual relations with his wife even against her wish. But gradually, now society and the law have evolved otherwise. Marriage is a knot between a man and woman, where both agree to live together for love and continuation of their family through their children. Marriage may be defined as â€Å"An agreement made in due course of law where a man and woman reciprocally decide to live with each other during their joint lives, in the union which ought to exist between husband and wife†1. Marriage is the relationship where cohabitation is not only for the purpose of sexual pleasure only but also for sharing love and grief, hot and cold, and to work for the comfort of life together. The institution of marriage is the oldest and the only permanent institution of any society. It was there when no other institution was there and till today, all the society posses it in one way or the other.  

Middle East Essay Example | Topics and Well Written Essays - 500 words

Middle East - Essay Example This perspective mostly refers to a conventional Muslim female whereby according to the creed ought to conduct themselves in a decent manner, which is having veil. Another meaning encompasses preferring hijab other than complete veiling whereby numerous current global regimes seem to prefer contending of security reasons as well as in certain settings like colleges and universities (Asser, 2006). Since, most people and especially scholars contend it reveals the face of an individual such without violating their rights. However, this argument varied religious leaders have vehemently detested contending it is a mere segregation. Different interpretations across numerous scholars and people globally regarding the issue of veiling stems from varying cultures especially in Arab world as well as certain Koranic verses that are extremely ambiguous (Asser, 2006). Hence, leading to the emerging of numerous arguments concerning where to draw line regarding veiling issue as well as accommodate certain practices that align with it (Asser, 2006). 2) Some Western states have created laws imposing limitations on veiling practices in public spaces. Choose a country discussed in the articles and explain what kinds of limitations are imposed and the justification for those limitations. In this state, the regime barred full-face veil in public places whereby the president contended the practice was basically a way of oppressing the female gender, hence France was not ready to bear it (BBC News, 2014). According to the regime of the day, the female gender ought not to leave their houses while hiding their faces behind veils whereby in contravening this rule one risks a penalty of 150-euro. Those participate in compelling one to have veil in public subjects himself or herself to a fine of 30,000-euro (BBC News, 2014). This ban extended even to barring of creed symbols in state schools with the intention of

PERSPECTIVES ON EFFECTIVE LEADERSHIP BEHAVIOUR Dissertation

PERSPECTIVES ON EFFECTIVE LEADERSHIP BEHAVIOUR - Dissertation Example But is has got few limitation which is not suitable for the evolution process of a leader. In many survey researches through questionnaire approach the issues are often unclear for many thus a proper feedback is not received from them. Sometimes the responses are unfair for personal biasness towards the person. This type of responses goes against the evaluation process and the leadership evaluation is not done correctly. In most cases in the evaluation process through questionnaire approach the response are given in general without proper individual evaluation. The answers are given in aggregation to item and no segmentation is done for the different skills and performances that an individual may possess being a leader. Comment on problems of determining causality (and determining the nature of the causality). In various survey research there are certain ‘why’ questions that cannot be answered with the cause. In several instances the causes of certain innovations are inf luenced by other factor where as certain innovations can also be an effect of certain causes (Rogers, 1995, p. 123). In the relation of events there is one dependent and one independent variable which lead to the innovation process. The independent variables in most cases are unclear which lead to the innovativeness. The leader behavior is dependent on the criterion variable and in some case the criterion variable is dependent on the leader behavior.

Family Planning Essay Example for Free

Family Planning Essay †¢ It means the spacing of children and that parents are completely free to choose the number of children they want. †¢ People in almost all parts of the world are agreed that family planning is necessary in every country which desires to raise the living standard of its people. †¢ Family planning has also been referred to as the totality of human efforts to achieve human dignity, economic stability, health and happiness and welfare through: o Birth regulation and spacing of children by the use of accepted scientific methods Rhythm †¢ Only method that the Catholic church approves of †¢ â€Å"Periodic abstention† †¢ A plan of avoiding sexual intercourse during the fertile period just before and after an egg has been produced in her body †¢ Most women release an egg cell about once a month usually 14 days before the menstruation †¢ May vary from month to month and it is necessary to determine whether accurately as possible when an egg will be produced †¢ Can be reliable if the menstrual cycle is regular †¢ The doctor may help you determine when your fertile period is Sterilization †¢ Vasectomy(male); Tubal ligation(female) †¢ An operation whereby a tube, vas deferens, where the sperm cells pass is being removed †¢ In tubal ligation, the one removed is the tube where the egg cells pass †¢ Those who use this method are those with three to four children †¢ It is for couples whose families are complete †¢ The procedure much simpler for the male †¢ There no side effects and the cost of operation is cheaper Douching †¢ Flushing out the vagina with a medicated solution immediately after intercourse to remove or destroy sperm Abstinence †¢ Refraining from sexual intercourse †¢ 100% effective To have all this methods of family planning, one must be full of fire and enthusiasm about it yourself in persuading people to do such. If people are convinced of the possibility of family planning, the result will not only help the couples either rich or poor, to have a sound and healthy family but also make the nation a powerful and strong one. The world is not after the quantity but the quality of the people. Any couple who desires to use a family planning method should visit a family planning clinic so that they can learn the important details concerning the particular method they may choose and assure pregnancy protection. General Principles Governing the Choice of Contraceptive method 1. A contraceptive method is not for an unmarried individual but for a married couple. Although only one mate may be involved in its use, it affects the interpersonal as well as sexual relationship of husband and wife. 2. The effectiveness and the acceptability of any method are in direct proportion to the experience of the physician in suiting the method to the couple’s particular needs and the degree of motivation of the couple in using the method consistently. 3. The physician, being human, has his own preference and emotional reactions thereto. It is only in listening with respect to the patient’s reaction that the couple’s emotional need will be met. Catholic Church’s Position on Family planning On July 31, 1975, Julio R. Cardinal Rosales, pres. Of the Catholic Bishops Conference of the Philippines, made the following classifications on the stand of the Church in the Philippine Population Program: 1. The Church is in accord with the Government on the need for family planning. The church has always advocated responsible parenthood. 2. The church respects the Government responsibility in making available to the citizens such means of family planning that would not violate their conscience of those employed by the Government in its program. 3. The church advocated the family life program which upholds human dignity, healthful marital love and family relationship, and which teaches that the means for family planning is the natural method, with the exclusion of artificial contraceptives, sterilization and abortion. 4. The church maintains that the individual conscience is the ultimate arbiter in the choice of the means for family planning.

Impact of Tourism on UK Tourist Destinations

Impact of Tourism on UK Tourist Destinations Evaluate the Nature and Extent of Tourism Impacts at a Range of Tourist Destinations The tourism and travel patterns of past decades, combined with the challenging market conditions, especially given the impacts that recent terrorist activity and natural disasters have had on the tourism market, have tended to result in short-term approaches from many organisations in travel and at destination resorts, where commercial activity has thus impacted negatively on natural or cultural environments. In historic terms, leisure travel is relatively new phenomenon, starting in the UK with the ‘Grand Tour’ journeys of the eighteenth century, when wealthy individuals chose to visit neighbouring lands to learn about politics, culture and art. By the nineteenth century, leisure travel within Britain increased, with the growing popularity and royal patronage of spa and seaside towns, and the corresponding availability of transport, which became faster and easier during the industrial revolution, with improved roads and the introduction of trains and rail travel. The we althier and aspiring middle classes popularised travel destinations that developed into resorts offering entertainment and serviced accommodation. (Global Market Information Database, May 2005) However, this rapid growth of tourism has resulted in several unforeseen impacts on destinations, which have been observed to be either beneficial or detrimental to the locality. The twentieth century inventions of the motor car and coach transport accelerated the popularity of domestic holidays, leading to the seaside holiday becoming firmly established as integral to British culture, with corresponding impacts on town such as Brighton and Blackpool, which have become strongly geared towards holidaymakers Sea travel improved and developed with the leisure traveller in mind, bringing ferry routes, luxury liners and vessels for hobbyists. The two World Wars also brought about the accelerated development of air transport, which resulted in a demand for civilian passenger planes, and thus fast overseas travel by plane opened up the world to international leisure journeys. As a result of this massive explosion in tourism, over the past three hundred years, tourism has brought prosperity to many regions of the world that would otherwise exist in abject poverty, such as the island of Bali, where living standards are considerably higher than the neighbouring islands in the Indonesian peninsula. (Friedheim, 1996) However, frequently tourism grew to suit human interests, particularly those of the tourists and businesses, and by no particular long-term plan with regards to sustainability at the local destinations. As a result, today the detrimental effects of global tourism are evident in the form of pollution, the erosion of local culture, the widening of the gap between rich and poor, a threat to survival for local economies and the spoiling of natural habitats and landscape. (Cooper et al, 2004) Indeed, whilst Friedheim (1996) mentions the strong positive impact of the tourist trade in Indonesia’s Bali Island, with the island frequently being described primarily as a popular tourist destination, Friedheim also comments on tourism’s impact on the island’s economic and social conditions for those locals not actively engaged in the trade. He also comments on how traditional skills and employments are increasingly being suborned to appeal to the tourist masses and their money, and thus the island’s culture is being eroded. Similar comments are made on the developments related to the tourist trade in Eastern Europe, following on from the collapse of the Soviet Union and the ‘Iron Curtain’, when the area’s potential as a tourist destination first began to be explored. However, in this case, there was widespread cooperation amongst the Eastern European countries for the promotion of the regions tourist trade, and tourism generally had a positive impact on the areas re-building efforts (Friedheim, 1996) due to its focus on the culture of the cities, rather than beach holidays. Lori (1998) takes a similar view, but focuses on the second annual Sustainable Tourism Conference of the Caribbean Tourism Organization in Trinidad, Spain. In the Caribbean, tourism had previously followed a quite unsustainable model; however the aim of the conference was to address this, based on the tourism strategy initiatives followed by the Dominican Republic: a model ecotourism destination in the Caribbean. Although it is wise to aim for sustainable tourism wherever possible, to reduce the negative impacts on regions wherever possible, there are often factors that work against this desire. One of these is seasonality: an integral quality of the landscape which greatly affects, informs and interweaves with many tourism factors, such as the tourism-based economies of Greek island communities, currently almost entirely dependent upon summer holiday tourism for their survival. (Terkenli, 2005) The multiple facets and impacts of seasonality produced and inscribed by tourism on the landscape, and specifically on the landscape of northern Crete, can, as with many other impacts and destinations, be both problematic and beneficial. In the case of Crete, the three different stages of the tourism destination lifecycle model used by Terkenli (2005) are roughly represented by three different zones of tourism impact in the broader region of Hersonissos in northern Crete. Here, tourism-induced changes roughly attenuate with distance from the coast, acquiring distinctive geographical patterns that follow those of spatial tourist concentration, scale of development, and incorporation of tourism into Cretan society and space, thus giving the island a seasonal economy and demography, in common with many similar regions dependent on seasonal tourism. However, there can be major negative impacts on regions with economies of this type or, indeed, any economy based on tourism. For example, in the months immediately following the 11 September 2001 terrorist attacks, there was a strong trend in many regions towards staying closer to home, with tourists being deterred from long-haul travel for several reasons, including lower incomes, the fear of further terrorist attacks, and delays at airports due to higher security. This benefited domestic travel, as well as regional travel such as travel between European destinations, travel between the US and Canada, and travel within Asia, thus helping some tourist destinations in these countries. However, it had an adverse impact on destinations such as Florida, which relies heavily on tourists from Europe, and many destinations that relied heavily on tourism from the US were particularly badly affected by the fall-off in American tourists immediately after the attacks of 11 September 2001. Thes e included destinations such as the Caribbean and Latin America, and within these regions, notably Mexico, Puerto Rico and the Bahamas. (Global Market Information Database, Sep 2005) In response to this, Latin American and Caribbean governments launched marketing campaigns and other measures to encourage tourism in the region. In Mexico, for example, which depends on the US for 85% of its tourist arrivals, measures included the elimination of sales taxes on conventions, and an increase in the promotional budget of 50% through a new public-private consortium. The Caribbean Tourism Organization (CTO) also launched an emergency joint marketing, promotion and public relations campaign at the end of 2001 to try and resurrect the failing tourism market which was pushing many of the region economies towards recession (Global Market Information Database, Sep 2005) Indeed, increasingly governments and organisations across the world are realising that travel and tourism growth cannot be left to chance, as the potential impacts on regions, and also entire nations, are just too great. As a result, in 2003 over five hundred of the world’s most influential business leaders called on the World Travel and Tourism Council (WTTC) to form a new vision and strategy for travel and tourism. This project combined the forces of stakeholders from public and private organisations, resulting in the formation of â€Å"Blueprint for New Tourism† campaigns to influence behaviour and to introduce new legislation and best practice for the industry in its quest to help governments recognise travel and tourism as a top priority, to balance economics with people’s needs, culture and environments and to share the pursuit of long-term growth and prosperity, underpinned by corporate social responsibility. Global Market Information Database (May 2005) O rganisations are now required to evidence the measures they take towards social responsibility in their annual reports, and consumers too are becoming more aware of the impact that tourism and development can have on the world, through television documentaries and media coverage of issues such as global warming, endangered species and fair trade practices. To help consumers make informed choices on their travel destinations, consumer advisory services such as the Centre for Environmentally Responsible Tourism and ecotourism.org were established, offering advice on the best destinations and most sustainable tour operators. Indeed, as with many regulatory bodies around the world, for tour operators, such an endorsement provides a promotional opportunity and can further benefit nations: for example, the dreadful and much publicised effects of the Asian tsunami awoke the UK public to the need to give and support nations in peril. Popular destinations for back-packers were literally wipe d off the map, and to support the regeneration of the tourist industry in the affected countries, volunteer holidays were offered, which helped provide useful skills and manpower to local populations, as well as helping tourists get closer to the local culture. A final impact of tourism is its tendency to skew the geographic distribution of wealth in countries that have particular tourist attractions. Egypt is a good example of this, as it is now looking into the possibilities for diversifying its tourism opportunities throughout the country, with the main target for expanding the tourism sector in nature-based tourism. The coral reefs and rich marine life in South Sinai and the Red Sea coast have made these two areas among the premier scuba diving destinations in the world, with many beach resorts are now in operation and still hundreds to be constructed. However, previous tourism development in Egypt has resulted in a series of negative environmental impacts, both to the reefs and marine life, and to the other areas of the country which have suffered a lack of funding and investment due to not being in proximity to well known tourist destinations. The ambitious development plans to receive 16 million tourists across the country by 2017 wi ll thus take into consideration sustainability and demographic concepts, with the government and developers having significant roles to play in adopting and implementing environmentally sound policies and practices to avoid the degradation of the natural heritage of Egypt for the sake of the current as well as future generations. (Shaalan, 2005) In conclusion, tourism offers some of the most impoverished regions of the globe the chance to develop their infrastructure and quality of life in ways that would otherwise be impossible in the modern world. However, frequently these developments are allowed to proceed without thought to maintaining a balanced distribution of income amongst the local inhabitants, and preserving the very attractions which bring tourists to the area. As a result, tourism can often have significant, wide ranging negative impacts as well as positive ones, such as in the case of Bali. However, with the new sustainable tourism developments helping to reduce the negative impacts, and distribute the positive ones equally across the local populations, there is evidence that tourism can, and in future increasingly will, provide beneficial and sustainable long term impacts to the communities and destinations it affects. References Cooper, C. Fletcher, J. Fyall, A, Gilbert, D. and Wanhill, S. (2004). Tourism: Principles and Practice, 3rd Ed. Prentice Hall: London. Friedheim, E. (1996) Holding on to paradise. Travel Agent; Vol. 284, Issue 1, p. 22. Global Market Information Database (Sep 2005) The World Market for Travel and Tourism. Euromonitor International. Global Market Information Database (May 2005) Travel and Tourism in the United Kingdom Euromonitor International. Shaalan, I. M. (2005) Sustainable tourism development in the Red Sea of Egypt threats and opportunities. Journal of Cleaner Production; Vol. 13, Issue 2, p. 83. Tenny, L. (1998) Second CTO conservation confab explores tourisms impacts. Travel Weekly; Vol. 57, Issue 38, p. C9. Terkenli, T. (2005) Human Activity in Landscape Seasonality: The Case of Tourism in Crete. Landscape Research; Vol. 30, Issue 2, p. 221.