What is America Assignment Example | Topics and Well Written Essays - 250 words

What is America - Assignment Example The truth is, America takes pride of being the world’s cultural melting pot whose society is composed of immigrants from all over the world who dreamt of better life. The social upheavals it undergone from the Civil War to Martin Luther King are part of America’s proud past that it struggled to end tyranny and discrimination. America became what it is today because of these circumstances. It became the richest country in the world and the most technologically advance because of the varying perspectives its citizen contributed. It is also inaccurate to generalize that America is a cultural barren as how Badurillard portrayed America in his book. The truth is farthest from his observation because many of the most extensive museums in the world are found in America such as the Smithsonian Institute, MOMA etch. I believe that Badurillard’s assessment of America does not reflect the historical and cultural truths about the country. Furthermore, it can be argued that the history and culture of America as a nation presents its peopl with the opportunity to act and behave in a manner that Badurillard finds despicable. Thus, I believe that the circumstances and position that America finds itself in is as a result of the amalgamation of historical and cultural events that the country has undergone since

Master of International Business Essay Example for Free

Master of International Business Essay What is inventory turnover? How can a high inventory turnover ratio be detrimental to a firm? Inventory turnover refers to the number of times that inventory is sold in a one year period. It can be calculated by dividing the cost of goods sold for a particular period by the average inventory for that period. High inventory turnover may signal a low level of inventories, which can increase the chance of product stockouts. 2. Distinguish among cycle, safety, pipeline, and speculative stock. Cycle (base) stock refers to inventory that is needed to satisfy normal demand during the course of an order cycle. Safety (buffer) stock refers to inventory that is held in addition to cycle stock to guard against uncertainty in demand and/or lead time. Pipeline (in-transit) stock is inventory that is en route between various nodes in a logistics system, while speculative stock is inventory that is held for several reasons to include seasonal demand, projected price increases, and potential product shortages. 3. Define what is meant by inventory carrying costs. What are some of its main components? Inventory carrying costs refer to the costs associated with holding inventory. Inventory carrying costs consist of a number of different components, and their importance can vary from product to product. These components include obsolescence costs, shrinkage costs, storage costs, taxes, and interest costs. 4. Discuss the concept of stockout costs. How can a stockout cost be calculated? Stockouts refer to situations where customers demand items that are not immediately available and stockout costs refer to the costs associated with not having items available. Calculation of a stockout cost first requires a company to classify potential customer responses to a stockout (e. g. , delays the purchase, lost sale, lost customer). Next, the company needs to assign probabilities to the various responses as well as to assign monetary losses to the various responses. The respective probabilities and losses are multiplied together and then all costs are summed to yield an average cost of stockout. 5. Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why? In a fixed order quantity system, the order size stays constant (although the time interval between orders may vary); in a fixed order interval system, the time interval is constant (although the order size may vary). The infrequency of inventory monitoring makes a fixed order interval system more susceptible to stockouts and thus there is likely to be higher levels of safety stock in a fixed order interval system. 6. Explain the logic of the EOQ model. The logic of the EOQ model is as follows: determining an order quantity requires a company to balance two costs; the costs of carrying the inventory and the costs of ordering it. Inventory carrying costs are in direct proportion to order size; that is, the larger the order, the greater the inventory carrying costs. Ordering costs, by contrast, tend to decline with order size but not in a linear fashion. The EOQ attempts to find the point (quantity) at which ordering costs equals carrying costs. 7. How can inventory flow diagrams be useful to a logistics manager? They present a visual depiction of additions to, and subtractions from, inventory. This could be helpful in identifying any patterns that might be occurring. In addition, inventory flow examples illustrate how safety stock can offset an increased rate of demand as well as longer than normal replenishment cycles. 8. Discuss what is meant by ABC analysis of inventory. What are several measures that can be used to determine ABC status? ABC analysis is an approach that recognizes all inventories are not of equal value to a firm and, as a result, all inventory should not be managed in the same way. Measures that can be used to determine ABC status include sales volume in dollars, sales volume in units, the fastest selling items, item profitability, or item importance. . What are implications of the JIT approach for supply chain management? The consequences of JIT actually go far beyond inventory management and JIT has important implications for supply chain efficiency. One implication is that suppliers must deliver high quality materials to the production line, in part because of JIT’s emphasis on low (no) safety stock. Moreover, because customers in a JIT system tend to place smaller, more frequent orders, it is imperative that suppliers’ order systems are capable of handling an increased number of orders in an error-free fashion. Smaller, more frequent orders, coupled with close supplier location, tend to favor truck as a mode of transportation and this means that production and distribution facilities should be designed to support truck shipments. 10. How does vendor-managed inventory differ from traditional inventory management? In â€Å"traditional† inventory management, the size and timing of replenishment orders are the responsibility of the party using the inventory. Under vendor-managed inventory, by contrast, the size and timing of replenishment orders are the responsibility of the manufacturer. This represents a huge philosophical shift for some organizations in the sense that they are allowing another party to have control over their inventories and this requires a great deal of trust among the various parties. 11. Do substitute items or complementary items present the greater managerial challenge? Support your answer. Either answer would be acceptable. Students should recognize that both substitute items and complementary items present managerial challenges, but the nature of these challenges is different. For instance, one challenge with substitute items might be the amount of product to hold; a challenge with complementary items might be product placement in a retail outlet. 12. Define what it meant by dead inventory. What are several ways to manage it? Dead inventory refers to product for which there is no demand—at least under current marketing practices. Because dead inventory has often been associated with overproduction of items that customers do not want (or need), one suggestion would be make to order as opposed to make to stock. Having said this, an increasing source of dead stock in recent years involves special, highly customized orders that never end up with the customer. Suggestions for dealing with this situation include partial (or full) prepayment as well as a no-return policy. Another suggestion is for companies to more aggressively market their dead stock, and companies might also sell dead inventory via auctions. Another possibility is to donate the dead inventory to charitable causes. A last resort is to simply throw away the dead inventory in order to free up storage space. 13. Explain how an SKU might have different meanings, depending on one’s position in the supply chain. A retailer, for example, might keep records in terms of individual items or case lots, while the warehouse that supplies the retailer may deal only with case lots or pallets loads of a product. In turn, the distributor that sells to warehouses may deal with only pallet loads or vehicle loads, and may only accept orders only for pallet loads or vehicle loads—and not case lots or individual items. 14. Why is it important for a manager to understand informal considerations with respect to inventory management? One reason is that the increasing quest for customer service and customer satisfaction is leading many companies to engage in informal considerations. Even though â€Å"formal† inventory analysis should not be ignored, they should not be applied without taking into account informal arrangements. The informal arrangements may not fit any â€Å"formal† inventory tenets, but many informal considerations tend to do an excellent job of satisfying customers. And, without customers, businesses are not going to be very successful. 15. Discuss some of the challenges that are associated with managing repair and replacement parts. One challenge is the difficulty in forecasting the demand for these products—when will products break down or fail? As such, it becomes challenging with respect to which parts to carry as well as the appropriate stocking levels for them. Another challenge involves the number of warehousing facilities to be used: Should the parts be more decentralized or more centralized? These and other challenges have caused some companies to outsource their repair/replacement parts business. 16. Which presents the greater reverse logistics challenge: (1) Returned items or (2) Refurbished and recycled products? Support your answer. As was the case with question 11, either answer is acceptable. Again, it is important to recognize that both present reverse logistics challenges—but the nature of the challenges is different. For example, there is unpredictability with respect to returned items, in terms of return rates and product content. Refurbishing and recycling, by contrast, are predicated on sufficient product volumes, which require adequate storage space. 17. What are substitute items and how might they affect safety stock policies? Substitute items refer to products that customers view as being able to fill the same need or want. With respect to safety stock policies, if a consumer has little hesitation in substituting another item for one that is out of stock, there would appear to be minimal penalties for a stockout. It is also important that companies understand substitution patterns in the sense that Product A may be a substitute for Product B, but the reverse may not be true. In such a situation, safety stock policies would need to reflect the appropriate relationships. 18. Which supply chain participant(s) should be responsible for managing inventory levels? Why? The key to this question is the word â€Å"managing. Although various inventory approaches may require certain select participants to maintain the inventory, supply-chain effectiveness and efficiency would argue that all supply chain participants should be involved with managing inventory levels. Because the supply chain is a system, one company’s inventory policies and practices can impact the other members of the supply chain. Failure to consider these other participants when setting inventory policies and practices could lead to dysfunctional consequences. 19. Should inventories be considered investments? Why? The text suggests that inventories should be considered investments. Carrying costs for inventories can be significant; the return on investment to a firm for its funds tied up in inventory should be as high as the return it can obtain from other, equally risky uses of the same funds. 20. Since the mid-1990s, many beer and soft-drink cans and bottles have contained a freshness date stamped on them to indicate the latest date that the product should be consumed. What problems might such a system cause for the people responsible for managing such inventories? Discuss. There are a variety of possible answers to this question. One consideration is that product needs to be in places where it can be bought prior to the expiration date. At a minimum, this means that companies need to be able to identify individual products, locate the products, and move the products to the appropriate place(s). The oldest inventory should be â€Å"turned† before other inventory. Another consideration involves what to do with expired product, a situation that brings into play reverse logistics considerations.

Lord of the Flies: A Tale of a Fateful Trip Essay -- Lord of the Flies

Lord of the Flies: A Tale of a Fateful Trip      Ã‚  Ã‚  Ã‚  Ã‚   Man has never quite found a truly perfect paragon in himself.   Through some fault of his own he can never achieve the high ideal of perfection that he seeks to attain.   The 'Divine' Michelangelo, named so by his contemporary biographer Giorgio Vasari, never called his masterwork of the Sistine Chapel ceiling finished. When it was unveiled Pope Julius II fell to his knees in prayer at the sight of this 'divine work of perfection.'   Michelangelo, who never claimed himself to be a painter, never accepted his work as a masterpiece, claiming that it was "full of flaws" produced by his own imperfections and sins.   William Golding attributes this universal flaw to the evil produced by man.   Never before had man's evil been shown as it had during WWI.   The viciousness of man was apparent to all the world in the creation of the atomic bomb and in a war that concerned the whole earth.   In response to this unveiling of evil, Golding created The Lord of the Flies.   In this work of fiction, Golding hinted that even the youngest of all individuals- adolescent boys-are capable of inescapable evil.   He also suggested that this evil pervades into even the most saintly and corrupts all that it comes into contact with.   In The Lord of the Flies Golding uses different characters in the novel to show the influence of this evil upon society and to represent the most the four basic aspects of human nature.    Ralph is an attractive boy and a natural leader; the well-adjusted, athletic boy who might easily become the idol of his peers.   First mentioned as "the boy with fair hair," Ralph emerges as a child of fortune endowed with common sense: the sort of child who naturally fosters grace, s... ...nds the pragmatic conflict of good and evil that exists in man, and unlike Simon and Piggy, he is resourceful enough to elude death and to carry this knowledge back to civilization.   On the mainland, Ralph will be a man of reason aware of the darkness that lurks in man-even in the most innocent person.      Works Cited. Baker, James R. "Why It's No Go." Critical Essays on William Golding. Ed. James R. Baker. Boston: G.K. Hall & Co., 1988. Golding, William. Lord of the Flies. London: Faber and Faber, 1958. Hynes, Samuel. "William Golding's Lord of the Flies." Critical Essays on William Golding. Ed. James R. Baker. Boston: G.K. Hall & Co., 1988. Kinkead-Weekes, Mark, and Ian Gregor. William Golding: a critical study. London: Faber and Faber, 1997. Moody, Philippa. Golding: Lord of the Flies, a critical commentary. London: Macmillan, 1964.

Practicum 7 Final Report

————————————————- University of Trinidad and Tobago ————————————————- School of Cognition and Learning Practicum VII Lecturers’ Names : L. Payne A. A Wilson L. Perez Student Name : Amrit Harrilal Student ID : 111007714 Contents Schedule of my classes4 Reflections5 LESSON PLANS13 WORKSHEETS THAT WERE/WERE NOT DISTRIBUTED32 POB lesson notes39 Principles of Accounts Lesson Notes52 Principles of Business Scheme of Work62 Principles of Accounts Scheme of Work64 Schedule of my classesAll of my classes were double periods. My subjects are taught for six periods in the six day cycle at the school. My first teaching day was on Wednesday 17th October for the last two periods of the day where I taught Principles of Business. My next class was on Friday 19th October fo r the first two periods, the subject was also Principles of Business. On Monday the 22nd October I taught Principles of Accounts and on Tuesday the 23rd October I taught Principles of Business for the first two periods and then Principles of accounts for the third and forth periods.My last teaching day was on Thursday 25th October however I was not able to teach this lesson due to the school having a cultural program for the scheduled time of my class which would have been the last two periods of the day. Reflections Reflection for first class. The first class that I taught was on Wednesday 17th October. The class was a double period and it was for the last two periods of the day. My co operating teacher miss Rodney was present as well as my supervisor Miss Perez.I believe that the class went well and I was able to achieve the objectives I set out to do in a reduced time period. There was a delay in starting the class because the teacher wanted to take roll, and I was waiting for st udents to come into the class to begin. I lost about 10 minutes waiting for the class to start and during this time I was beginning to get nervous. The class was hot and humid and my constant nervous perspiring was not making it any easier. After a little while the nerves were gone and I was able to talk normally to the class.The set induction that I used was effective because I used the example of 4 football teams and their leadership style and the students responded well to my set induction. The class is mainly boys and it is football season and the school is doing well in the local league so I thought it would have been a good idea to use the example of football teams to make the example more relating to the content. Throughout the lesson I referred back to the set induction to draw reference to the similarities between the teams and the different economic systems.As the class progressed I thought a student was testing me because of the question he asked which had nothing to do w ith the content that I was teaching. The question he asked was â€Å"what would happen if an unstoppable object were to hit an immovable object† I responded by saying â€Å"What does that question have to do with economic systems, but to answer your question, I believe that nothing would happen. † I thought I handled the situation well and my classroom management skills were effective, I walked around to check to see if they were taking notes and to generally have my presence felt throughout the class.I was getting a lot of questions from one side of the class and so my attention was mostly directed to that side of the class, something that I would like to remedy for my subsequent classes and for the rest of my teaching career. Due to the lack of time my assessment would have had to be done for homework. I did manage to complete the content that I wanted to teach. At the end of the class my supervisor told me that the lesson went well and in my future lessons to use gr oup work or group activities and to have some resources such as charts.The charts I think would have been a nice addition to the lesson, and maybe I can turn the chart into a game to make it fun and interactive for the students. The group work I was going to do it but after seeing another class work in groups or attempt to work in groups I think it would have worked against me. While observing a class they were arguing and not working together to do the case study and one student walked out of the class while I was supervising and I had to go talk to her outside and get her to come back in class.She was saying how she can’t work with people and how people are stupid. I told her that if she going into the business environment it is a lot of team oriented work that has to be done and that she should get accustomed to it from now. After that little conversation she came back into class. Another student was not doing anything in the class so when I asked him what he has done so f ar he said nothing. I asked him â€Å"Is that what you plan to do for the rest of your life, nothing? Are you going to live off your parents for the rest of your life? How are you going to mine a family? I was just asking him questions to think about his future he watched me and then after that he started doing some work. Supervising that class was a little challenge because of trying to get them to work together. They did not work how a group supposed to work. A few people were doing the work and the others were â€Å"loafing† and that defeats the whole purpose of group activities. That was the main reason I did not want to have group work. Another challenge that I know I have to work on was my handwriting on the board, and layout of the work on the board.At first I started writing notes on the board like I was giving a lecture and then I started putting the notes in a better layout. I plan to use the extreme left of the board to write objectives on the board and use the mi ddle and right of the board to give notes. I prefer to give notes in point form as it is easier to read and it is faster to write. It also allows students to get clear information rather than give an entire paragraph, it is easier to give them the points and they would be better able to understand and remember the information.Also previously I gave them handouts as my method for giving them information but most of the time those students never used the handouts, they did not read it and once I gave them it they just put it away. This term I decided to have them write it out rather than just give them the information. I would let them tell me what they know first and write it on the board even if it was wrong and then ask them to explain to try and make a link and to encourage them to answer and ask questions and make relations. After this is done the correct notes would be placed on the board and they would be told to write it down.Overall I believe that the lesson went well, I was a bit worried at first because it was the first time I met the students and it was my first class and my practicum advisor was coming to observe me as well, I felt I started off a little shaky and then when the butterflies left I was normal once again. At a point in time I even forgot I was being observed. The only hiccup I think was the example I used with Nike and the â€Å"Battas† but from the crosstalk I heard them mention Rattans and imitation goods so I believe they got the point I was trying to bring across.Aside from that if I had got the class to start on time I believe I would have gotten to at least start the worksheet. Reflection for the second class This class took place on Friday 19th October. The class was scheduled for the first 2 periods of the day but unfortunately I was only able to teach for one period. The school security were doing searches at the gate and this delayed me by an entire period as there were only 5 students in the class until around 9 when more kept filing in until I had about 11-15.This lesson we were supposed to do command economies and market economies but I was only able to do features and advantages of command economies with the time I got. I thought this was good because they took some time to settle, one of the students even suggested to me to start the class with a prayer and I did. I was surprised that they would even suggest it. It seemed to me that the prayer settled them because they were behaving, taking notes, asking and answering questions.I asked them to return the worksheet I gave them in the previous class but only two of them completed it so I told them to complete it for homework. This lesson went well also. The problem that I was having was again writing on the board. I know I have a problem with my handwriting and for that reason I bought a projector but after using it for only 2 months this year it malfunctioned and a component in the circuit board went bad leaving it useless. Aside from that th ere were no bad behaved students and I had to speak louder and spread out my questions more.I was getting a lot of questions from one side of the class so my attention was focused there mostly but I did ask questions to the left side but not as much as the right and middle. This is something I would have to remedy in my future classes. The cooperating teacher told me that she would see if she could get the AV room for me for my other classes, I think that would have been a great asset to the lesson because I would not have to write on the board and the students would have an easier time understanding and be in a cooler environment more suited for learning.Reflection for the third class My third class was on Monday 22nd October. I got to teach Mr Mustgraves Principles of Accounts class. After discussing my lesson plan with him on Friday he said it was good but he believed that I was trying to do too much for that lesson because of how the students behave and there level of motivation . So I adjusted it to suit his suggestions. The class had about 11 students out of 26 this was rather disturbing to me as I noticed a trend and I was rather worried about the students. The topic I was allowed to teach was that of Depreciation.For this lesson I planned to teach some theory about depreciation and then go into the CXC requirements of Straight line and reducing method calculation. To start the lesson I introduced my self to the class and began with telling them about my phone. I said how much I paid for it and how long I had it for and then asked a student so tell me how much they would pay for this phone right now. I then asked another student to tell me how much they would sell their phone for and how much they paid for it. From this they started paying attention and listening to me.As they told me why they would pay less for the phones I wrote the answers down on the board. This was done to introduce the term Depreciation and I think it was well received. From their answers I told them that the term we use to describe the reason the phone lost value was because it depreciated. From this set induction they were able to relate to me reasons an items value would be depreciated. When they gave a response I asked them to elaborate on it so as to have a better understanding so I can make it relate to the lesson.I did not want to discourage them from answering questions so when they said something that was incorrect I asked them to explain their reasoning for it to try and get them to think more along the correct lines by using probing questions and guided questions they were able to answer the initial question I gave them. After discussing the term depreciation, they took notes on depreciation. I then told them that for their examination purposes they would only be required to know two methods of calculating depreciation which were straight line and reducing balance method.I first told them how to calculate the straight line method but a critical mis take I made was not writing down the formula on the board. I told them what it was but I did not write it and I know that was not a good thing to do. I plan to write it on the board for the next class. While doing an example of straight line method I asked them what did they notice about the depreciation per year and they told me that it was the same. I then told them to keep that in mind.We then did the reducing balance method and I gave them an example and calculated the first two years for them so they would see what to do on one side of the board there was the straight line calculation and on the other side of the board was the reducing balance. While working the calculation I was talking to them asking them what to do next and writing on the board. After talking to the cooperating teacher the told me that he was amazed that they could use a calculator because to press the % button on the calculator was beyond them.I then told him well I did not write 30% in the calculations I w rote 30/100 because I assumed they would know that 30% , 30/100 and . 3 are the same in calculating a percentage of a value. So after doing this I went around and checked their books to see if they were working it out correctly, those who were doing it wrong I gave them guidance accordingly. I then asked them, spreading out my questions evenly this time, what to do next for each of the 5 years. One student told me an incorrect answer that I know could not be right because the value he gave me was larger than the initial value.So I went over to him to see what he was doing wrong on the calculator and it seemed to me that he did not know how to calculate the percentage of a value so I showed him and he was able to continue with the calculations. I spent a lot of time giving them individual attention and I can tell that they understood. To me this is the best part of teaching, when your students understand and they want to learn. They even asked me to continue teaching them and when I would be teaching them again.That was really heart warming to me and I really did feel motivated. I only had trouble from one student but he respected me enough to put his head down on the table and not disrupt the class when I was knocking on his table to wake him up the cooperating teacher shook his hand and signalled to leave him so I left him. When the bell rang one of the students asked me to explain something to him with regards to the profit and loss and balance sheet so I said let me go get my bag and I would be back.I returned and explained to him the format of the trading and profit and loss account and balance sheet, another student sat next to me while I was explaining and I could tell they were interested and they were understanding what I was explaining to them. They even told me that my class was the best accounts class they had in 2 years. After the class I asked for an evaluation from the cooperating teacher and he said it was good and that he did have some issues w ith how I portrayed my content. He said the content was not wrong but that there were better ways to display the information and only with practice that I would know of those methods.He said that some of the terms I used as well were not wrong but I were using it in the wrong context one of these were expense and expenditure, and costs. He said to be careful with the terms that I use to explain. Aside from these details he said my lesson was good and I felt it went well also. So to resolve the issues that came up I decided to show the depreciation in a table as Mr Mustgraves suggested and it was well received. I can understand why he said to show it in a table as it is easier to make comparisons between methods.This was an adjustment that I made to my initial lesson. For the follow up lesson I planned to do a review of the first lesson briefly going over the calculation and why items depreciate and then practicing the calculations with them. Reflection for the 4th Class This class t ook place on Tuesday 23rd October. It was for the first two periods of the day and the class was to teach Principles of Business. For this class I finished the disadvantages of the command economy and did the features and advantages of the mixed economy. I did not get to do disadvantages and distribute the worksheet.This class was good, the students were well behaved except for one or two little disruptions, which I think I handled well. One student was particularly animated and as I realised this I called him up to come and sit in front so he would not distract the other students. The objectives were not entirely met and therefore I did not want to distribute the worksheet that I had made for them. The only real problem that I can see would be the handwriting on the board. I did not get the AV room and so I had to write on the board once again. When the class was over I thanked the students for behaving good and for having me for the two weeks.The cooperating teacher also said the lesson went well and the only issue would be to work on my hand writing. Reflection for the 5th class This class took place on Tuesday 23rd October as well. It was for the 2 periods after the break which would have been from 10 to half 11. I went to the class early to draw up the tables for the depreciation. The students said that I real serious and I just laughed. When the bell rang I started the class by greeting the class and doing a short recap of the previous lesson. I wrote the formulas on the board and drew a square around them and gave them a heading.I told them to write it down in their books and I began working examples with them and checking their books to see if they were getting it out. The class had about 16 people on the day and so I had to give them some individual attention to bring them up to speed with the rest of the class with regards to the calculations. Some of them were having difficulty working the calculations so I needed to constantly check on them so ther e was a lot of walking around and individual attention. This class was mostly focused on practice as I was told that the students do not do their homework so the only practice they get is from what they do in class.This lesson went well as I left the class feeling that the students would be able to handle calculations of straight line and reducing balance method of depreciation. I believe that the objectives that I set out to achieve were accomplished as when looking at their books and hearing their answers the content was accurate and well defined. Overall Reflection The practicum experience for this semester was very heart warming and motivating. I really felt that the students learned the content in the classroom due to the examples that they were giving and the responses to the questions that I was asking.With a little probing questions and guiding questions the students were able to answer correctly and make valuable contributions to the class. Right now I am looking forward to going back to the school next term and hopefully preparing the Accounts class for final exams. I am really worried about the class and where they have reached in the syllabus. If I am to teach that class for the upcoming practicum they would have to cover a huge amount of work in a very short space of time this alone is enough to get any teacher worried and frustrated.Also I am very worried about the amount of students who do not attend the class and what would happen to them when they have to write exams. I would have to listen to some words from my secondary school teacher who told us â€Å"You can’t save them all†. It seems that she was right about that. The improvements that I believe I would have to work on would be my handwriting on the board or come up with alternatives to writing on the board. I also have to work on projecting my voice as well as sometimes I forget how loud the other classrooms can be and students may not hear me properly.I think that I have b egan spreading out my questions to all areas of the class and identified a few of the trouble students who might be a little disruptive. Also not setting unattainable objectives, you really have to cater your lesson for your class. Some of the little hiccups and delays can really throw off your lesson timing and how much work that you can get done for the period. Additionally I plan to start incorporating little group activities or exercises in my future lessons. I am looking forward to the next practicum experience and hope to become and even better teacher than before.LESSON PLANS LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1 FORM4G4DURATION OF LESSON80 minutesEXAMINATION BODYCXC SUBJECTPrinciples of BusinessNO. OF STUDENTS 26AGE RANGE UNIT TOPICThe Nature of BusinessLESSON TOPIC. Economic Systems GENERAL OBJECTIVESStudents will: 1 Demonstrate knowledge of the various types of Economic Systems SPECIFIC OBJECTIVESStudents will: Cognitive Domain 1Define economy and ec onomic system 2Describe the Traditional System 3Describe the Market System Psychomotor Domain 1Write short notes to develop note taking skillsAffective Domain 1Appreciate the significance of the various Economic Systems in Principles of Business Previous Knowledge Types of businesses, market, demand, supply TIME| ELEMENTS| CONTENT| TEACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALUATION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2Presentation 3Summary 3EvaluationClosure| Short storyInform ObjectivesDefining – economy-economic systemIdentifying the 4 types of economic systemsReview of presentation 1Defining : – Traditional SystemWhat is it?Describe life in the traditional system. Review of presentation 2 Defining-The market systemAdvantages and disadvantages of the market systemReview of presentation 3ExerciseThank students and tell them to prepare for their next class| Discussing, QuestioningDiscussi ngQuestioningDiscussing, informing, questioningQuestioning, discussingDiscussing, informing, questioning Questioning , DiscussingDistribute worksheet. Lesson notes, black board, black board black board black board, Lesson notes black board Lesson notes, black board, black board Lesson notes, black board, black board. Lesson notes| DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on he black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestions,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, responding| FormativeFormativeFormativeFormativeFormativeFormativeFormativeSummative|A dditional lesson notes: I was not able to do the worksheet due to the late start of the class. The work sheet was distributed to do as homework. LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1 FORM4DURATION OF LESSON90 minutesEXAMINATION BODYCXC SUBJECTPrinciples of BusinessNO. OF STUDENTS 26AGE RANGE 14-16 UNIT TOPICThe Nature of BusinessLESSON TOPIC. Economic Systems GENERAL OBJECTIVESStudents will: Demonstrate Knowledge of the various types of Economic Systems SPECIFIC OBJECTIVESStudents will: Cognitive Domain 1 Describe the Command and Mixed economic system 2 Explain the advantages and disadvantages of the Command economic system 3 Explain the advantages and disadvantages of the Mixed economic system Psychomotor Domain 1Write notes neatly in their books * Affective Domain Appreciate the significance of the various economic Systems in business Previous Knowledge Types of businesses, market, demand, supply, market system, traditional system TIME| ELEMENTS| CONTENT| TE ACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALUATION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2Presentation 3Summary 3EvaluationClosure| Review of Market and traditional conomiesInform ObjectivesDefining – command systemFeatures of command systemReview of presentation 1Advantages and Disadvantages of the Command SystemReview of presentation 2 Defining-The mixed systemFeatures of the mixed systemAdvantages and disadvantages of the mixed systemReview of presentation 3ExerciseWrite homework on the board, Thank students and tell them to prepare for their next class| Discussing, QuestioningDiscussingQuestioningDiscussing, informing, questioningQuestioning, discussingDiscussing, informing, questioning Questioning , DiscussingDistribute worksheet. Lesson notes, black board, black board black board black board, Lesson notes black board Lesson notes, black board, black boardlesson notes Lesson notes, black board, | DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on the black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestions,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, responding| FormativeFormativeFormativeFormativeFormativeFormativeFormativeSummative| End of lesson notes: I was only able to teach for one period instead of two due to the bag searches at the gate delaying students to arrive to class on time. The class started at ten past nine when it was scheduled to start at nine. For this I would do the remainder of this lesson on my next teaching day which would be on Tuesd ay 23rd October. LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1 FORM5DURATION OF LESSON90minEXAMINATION BODYCXC SUBJECTPrinciples of AccountsNO.OF STUDENTS 26AGE RANGE 14-17 UNIT TOPICEnd of Period AdjustmentsLESSON TOPIC. Depreciation GENERAL OBJECTIVESStudents will: Demonstrate an understanding of depreciation using conventional accounting methods SPECIFIC OBJECTIVESStudents will: Cognitive Domain 1. Define Depreciation 2. List the causes of depreciation 3. Name the factors to be considered when calculating depreciation Psychomotor Domain 1. Calculate the Depreciation using straight line method 2. Calculate Depreciation using reducing balance method Affective Domain 1. Appreciate the significance of depreciation for the use in accounting 2. Value the importance of using Straight line or Reducing balance method in accounting Previous KnowledgeTIME| ELEMENTS| CONTENT| TEACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALU ATION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2Presentation 3Summary 3EvaluationClosure| Story about phoneInform ObjectivesDefining * Depreciation * Causes of depreciation * Factors to consider when calculating depreciationReview of presentation 1CalculatingStraight Line methodReview of presentation 2 CalculatingReducing Balance MethodReview of presentation 3ExerciseWrite homework on the board, Thank students and tell them to prepare for their next class| Discussing, QuestioningDiscussingQuestioning, discussingDiscussing, informing, questioning, guidingQuestioning, discussingDiscussing, informing, questioning Questioning , DiscussingWrite exercise on board| Lesson notes, black board, black board black boardlesson notes black board, Lesson notes black boardLesson notes, black board, black board Lesson notes, black board, | DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on the black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestions,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingAsking questions, Discussing, Responding| FormativeFormativeFormativeFormativeFormativeFormativeFormativeSummative| Additional lesson notes : I was able to complete the lesson LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1FORM4DURATION OF LESSON90 minutesEXAMINATION BODYCXC SUBJECTPrinciples of BusinessNO. OF STUDENTS 26AGE RANGE 14-16 UNIT TOPICThe Nature of BusinessLESSON TOPIC. Economic Systems GENERAL OBJECTIVESStudents will: 1Demonstrate Knowledge of the various types of Economic Systems SPECIFIC OBJECTIVESStudents will: Cogn itive Domain 4 Describe the Command and Mixed economic system 5 Explain the advantages and disadvantages of the Command economic system 6 Explain the advantages and disadvantages of the Mixed economic system Psychomotor Domain 1Write notes neatly in their books * Affective Domain 1Appreciate the significance of the various economic Systems in business Previous KnowledgeTypes of businesses, market, demand, supply, market system, traditional system TIME| ELEMENTS| CONTENT| TEACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALUATION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2Presentation 3Summary 3EvaluationClosure| Review of market and advantages of command economiesInform ObjectivesDisadvantages of Command EconomiesReview of presentation 1Defining-The mixed systemFeatures of the mixed systemReview of presentation 2 Advantages and disadvantages of the mixed systemReview of presentation 3ExerciseThank students and tell them to prepare for their next class| Discussing, QuestioningDiscussingQuestioningDiscussing, informing, questioningQuestioning, discussingDiscussing, informing, questioning Questioning , DiscussingDistribute worksheet. Lesson notes, black board, black board black board black board, Lesson notes black board Lesson notes, black board, black boardlesson notes Lesson notes, black board, | DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on the black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestions,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, responding| FormativeFormativ eFormativeFormativeFormativeFormativeFormativeSummative| | | | | | | | | Additional lesson notes : I was unable to complete this lesson due to the late start. I completed up to advantages of the mixed system and so the work sheet was not distributed. I plan to distribute the worksheet in my final class where the students would have all information to answer the questions correctly. LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1 FORM5DURATION OF LESSON90minEXAMINATION BODYCXC SUBJECTPrinciples of AccountsNO.OF STUDENTS 26AGE RANGE 14-17 UNIT TOPICEnd of Period AdjustmentsLESSON TOPIC. Depreciation GENERAL OBJECTIVESStudents will: 1Demonstrate an understanding of depreciation using conventional accounting methods SPECIFIC OBJECTIVESStudents will: Cognitive Domain 1. Explain the concept of depreciation 2. Assess the factors that cause depreciation Psychomotor Domain 3. Calculate the Depreciation using straight line method 4. Calculate Depreciation using reducing balance m ethod Affective Domain 3. Appreciate the significance of depreciation for the use in accounting 4. Value the importance of using Straight line or Reducing balance method in accounting Previous KnowledgeFixed asset, cost, current asset, depreciation, straight line method, reducing balance method, profit, loss, salvage value TIME| ELEMENTS| CONTENT| TEACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALUATION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2EvaluationClosure| Quickly review how to calculate depreciation on the board. Inform ObjectivesPractice working an example of Straight Line method and reducing balance method as a classCorrect work done in presentation 1Practice working an example of Straight Line method and reducing balance method in pairsCorrection of the exerciseWork an example individuallyCorrect exercise.Thank students and tell them to prepare for their next class| Discussing, QuestioningWriting on th e boardDiscussingQuestioningWritingQuestioning, discussingWriting on boardDiscussing, informing, questioning, guidingQuestioning, discussingWriting on boardQuestioning , DiscussingWrite exercise on board| Lesson notes, black board, black board black boardlesson notes black board, Lesson notes black boardLesson notes, black board, black board Lesson notes, black board, | DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on the black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestions,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, responding| FormativeFormativeFormativeFormativeFormativesummative| Additional lesson notes : I was able to complete the lesson. This lesson was a practical lesson where the students got to practice what they learned in he previous class until mastery of the content was attained. LESSON PLAN SCHOOLEl Dorado East SecondaryYEAR2012-2013TERM1 FORM4DURATION OF LESSON90 minutesEXAMINATION BODYCXC SUBJECTPrinciples of BusinessNO. OF STUDENTS 26AGE RANGE 14-16 UNIT TOPICThe Nature of BusinessLESSON TOPIC. Economic Systems GENERAL OBJECTIVESStudents will: 1Demonstrate Knowledge of the various types of Economic Systems SPECIFIC OBJECTIVESStudents will: Cognitive Domain 1 Explain the disadvantages of the Mixed economic system Psychomotor Domain 1Write notes neatly in their books * Affective Domain 1Appreciate the significance of the various economic Systems in business Previous KnowledgeTypes of businesses, market, demand, supply, market system, traditional system TIME| ELEMENTS| CONTENT| TEACHING-LEARNING METHODS| TEACHING-LEARNING RESOURCES | TEACHER ACTIVITIES| STUDENT ACTIVITIES| EVALUA TION| | Set InductionPresentation 1Summary 1Presentation 2Summary 2Summary 3EvaluationClosure| Review of command and features of mixed economiesInform ObjectivesDisadvantages of mixed economiesReview of presentation 1Quick Recap of all economiesReview of presentation 2 Review of presentation 3ExerciseThank students and tell them to prepare for their next class| Discussing, QuestioningDiscussingQuestioningDiscussing, informing, questioningQuestioning, discussingQuestioning , DiscussingDistribute worksheet to be done in class| Lesson notes, black board, black board black board black board, Lesson notes black board Lesson notes, black board, Lesson notes, black board, | DiscussionWriting on black boardAsking QuestionsDiscussionAsking questions,Discussion, writing on the black boardDiscussion, askingQuestions, writing on black board Asking questions,Discussion, writing on the black boardAsking questions,Discussion, writing on the black board| Listening, respondingAnsweringAskingQuestion s,Respondinglisteningwriting, listening, asking questions, respondingwriting, listening, asking questions, respondingwriting, listening, asking questions, responding| FormativeFormativeFormativeFormativeFormativeFormativeSummative| | | | | | | | |Additional lesson notes : this would be the lesson for the class that I did not get to teach on Thursday 25th October due to the cultural programme that it had in the school. The plan for this lesson would be to finish off the last bit of content and then distribute a worksheet for the students to do in class either individually or in pairs. For the students who want to work by them self I planned to allow them to do so to allow for a smooth transition in the class and less disruptions in an already disruptive class. They would be allowed to use their resources to get the correct answers. There would be no reflection for this class as it was not actually taught. WORKSHEETS THAT WERE/WERE NOT DISTRIBUTED El Dorado East Secondary School Princ iples of Business Form 4 Date ______________________Student Name (block letters)_____________________________________________________________ 1. Economy can be defined as which of the following (tick the correct answer) A. The efficient use of resources B. The inadequate distribution of wealth in a country C. The study of demand and supply D. None of the above 2. The way a country utilises its resources to meet current and future needs is also referred to as economy True/False 3. In the space provided below name the different types of economic systems ————————————————- ————————————————- ————————————————- ——————à ¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- 4.This system is where people provided for themselves and their families through direct production. Name the system here ________________________________________ 5. Give an example of the above system _______________________________________ 6. Name 3 of the economic activities for the above system _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 7.A market is defined as ______________________________________________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________ 8. Give three features of the Market System I. _____________________________________________________________________________ _______________________________________________________ II. ____________________________________________________________________________________________________________________________________ III. ____________________________________________________________________________________________________________________________________ 9. List three Advantages of the market system ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ___________________________________________________________ 10. List 2 disadvantages of the Market system ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 11. What are your thoughts on the two systems discussed in class today? __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________________________ El Dorado East Secondary School Principles of Business Form 4 Date ______________________ Student Name (block letters)_____________________________________________________________ 12. What are some other names for the command system i. Planned ii. Directed iii. Controlled a. I,iii,iii b. I and ii only c. I only d. I and iii only 13.In a command system the government has control of all resources in the country. True/False 14. In the space provided below name 3 features of a command economic system ————————————————- ————————————————- ——————————†”—————- ————————————————- 15. Name three countries that practice the command economic system in more recent times ________________________________________________________________________________________________________________________________________________________________________________________________________________________ 16.Give 3 advantages and 3 disadvantages of the command system ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ __________________________________________________ 17. The mixed economic system is a system where ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 18. Give three features of the Mixed System ________________________________________________________________________________________________________________________________________________________________________________________________________________________ 19. List three Advantages of the mixed system ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _________________________________________________________ 20. List 2 disadvantages of the Mixed system ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 21. What are your thoughts on the two systems discussed in class today? _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ POB lesson notes Lesson Notes Introduction/Set Induction Story about the four football teams which represent one of each type of economic system.Each team has features of one of the major economic systems. Objectives Students will: Cognitive Domain 1Define economy and economic system 2Describe the Traditional System 3Describe the Market System Psychomotor Domain 1Write short notes to develop note taking skills Affective Domain 1Appreciate the significance of the various Economic Systems in Principles of Business Presentation 1 Defining Economy Economy * The efficient use of resources * The activities involved in the production and distribution of goods and services in a country or region * A countries income, products and resources and how efficiently these are being utilized to meet current and future needsDefining Economic System * The way in which a society organizes for the production and distribution of goods and services The 4 types of economic system * Traditional or subsistence economic system * Free market or laissez-faire or capitalist economic system * The planned/command/directed economic system * Mixed economic system Summary 1 – (Formative) What does the term economy mean? * The efficient use of resources * The activities involved in the production and distribution of goods and services in a co untry or region * A countries income, products and resources and how efficiently these are being utilized to meet current and future needsWhat do you understand by the term economic system? – The way in which a society organizes for the production and distribution of goods and services Name the 4 types of economic systems * Traditional * Command * Market * Mixed Presentation 2 Traditional system The traditional system is where people provide for them selves through direct production. Direct production is where a person satisfies his own needs by providing for him self and not depending on others to provide the good or service. Eg. Tribes, traditional Indians living off the land. Examples of these activities include hunting, fishing, gathering, skinning. Summary 2 (Formative) What is the traditional system?Give some examples of the traditional system in the world. What are some of the traditional economic activities. Presentation 3 The Market System What is a market? * An arra ngement where buyers and sellers are brought together to transact business. * A set of conditions that facilitates the exchange of goods and services or facilitates trade Market Economy * An economic system in which the open exchange of goods and services between producers and consumers takes place. * This is a hypothetical model, no country in the world that has an exclusive market economy. * There are countries where the private sector does have a controlling interest eg.USA, Brazil, Canada, Japan, Sweden. * Other names for market economy are – capitalist or free market or laissez-faire * The Factors of production are owned and put into operation by private individuals and organizations and not government * The producer sets up his business and determines production and profit targets based on available data. * The customer has the freedom to satisfy his wants and needs. * Customers would look for high quality and low priced goods, therefore manufactures who can provide thi s would prosper whereas those who cannot provide this may end up falling out of business due to a lack of profits. Advantages of the Market system Manufacturers can produce what the consumers demand and consumers can buy what they want * Decision making is not controlled so there is greater decision making about what to produce * The market economy is adaptable to changes in demand. * There is a large variety of goods and services to either produce or consume * Little government intervention or a lack of it * A greater degree of competition Disadvantages * Only the highest profit margin goods would be produced because the private sector is motivated by high profit margins * Consumers can be exploited if there is little competition ( monopoly) and very little government regulations for goods or services that are necessities. Eg water, electricity * It can lead to inequalities in the society as the rich get richer and the poor get poorer. oneEvaluation (Summative) See worksheet 1 in W orksheet Section. Lesson Notes Introduction/Set Induction Review of previous class, referring back to the story of the football teams and going over the features of the command economy and market economy. Objectives Students will: Cognitive Domain: 1 Describe the Command and Mixed economic system 2 Explain the advantages and disadvantages of the Command economic system 3 Explain the advantages and disadvantages of the Mixed economic system Psychomotor Domain 1 Write notes neatly in their books * Affective Domain 1Appreciate the significance of the various economic Systems Presentation 1 Command System Other names for the command economic system – planned economic system, directed economic system * An economic system where the government controls the factors of production * The government manages and distributes resources to the citizens. * The state decides the quantity and the type of products to produce Command system features * The state dictates the distribution of wealth * The production, price and distribution of goods and services, the employment or persons the dismissal of personnel, the payment for services rendered all rest with the state. * Eg of command economies – the Peoples Republic of China,Republic of Cuba, Democratic Peoples Republic of Korea (North Korea), Republic of Vietnam. Summary 1 – (Formative) What is the command system?Give some examples of the command system in the world. Name some features of the command system Presentation 2 Advantages of command system * Reduced wastage of resources due to State making decision about what to produce and directs resources into these areas * Profits gained from state industries may be used to generate further production and expand the provision of public goods and services. Eg hospitals , welfare programs, national security * Consideration may be given to providing better working conditions for state employees * No group of individuals can force prices up because the State sets the prices and pays salaries. * Income is more evenly distributed Workers may tend to increase their efficiency because they may feel they are working for their countries and for them selves * Government intervention is high to prevent unfair practices against consumers and imbalance against firms. Disadvantages * Wastage of manpower because a lot of people is required for central planning * Conflict may arise because what the state decides with regard to production or needs may not be what the people really want * Equal treatment of unequal may take place. Eg someone who is working more efficiently than another may be getting paid the same salary which is very de-motivating. * It stifles creativity due to the lack of incentives for initiative. Production is usually ahead of demand and this may lead to waste as once the consumers need is satisfied they may not purchase a good they think is of inferior quality or unattractive. Summary 2 (Formative) Name some of the Advantages and di sadvantages of the command economy Presentation 3 Mixed Economies Features * Both the government and the private sector participate in the decision making process about what to produce , how and for whom it is to be produced for. * Key services such as education, policing, health and roads and other infrastructure are provided by the government but private firms can also provide these services. * The state has productive activities through state owned corporations and nationalized industries * Private owned businesses compete with government owned business Advantages The state passes laws to protect against unfair trading practices * Both government and the private sector can cooperate in the delivery of certain services through franchising Disadvantages * Too much government regulation would dampen the free enterprise spirit * Some state owned industries are allowed to operate inefficiently resulting in wastage of resources * If the government intervenes and sets a maximum and mini mum price it may be difficult to regulate due to forces of demand and supply. Summary 3 * What are some of the features of the mixed system * What are the advantages and disadvantages of the mixed system Evaluation (Summative)See worksheet 2 in Worksheet Section. Principles of Accounts Lesson Notes Lesson Notes Introduction/Set Induction Talk about your phone and ask the question `how much would you pay for this phone`. Give them the cost price of the phone, how long ago it was bought, the features of the phone and how functional it is. ( how much scratches, falls it had for slight humour). Ask them why would they pay less for it and write the reasons they give on the board. These reasons would be categorised later on in the lesson. Objectives Students will: Cognitive Domain 1. Define Depreciation 2. List the causes of depreciation 3. Name the factors to be considered when calculating depreciationPsychomotor Domain 1. Calculate the Depreciation using straight line method 2. Calculat e Depreciation using reducing balance method Affective Domain 1. Appreciate the significance of depreciation for the use in accounting 2. Value the importance of using Straight line or Reducing balance method in accounting Presentation 1 What is depreciation The part of the original purchase price of the fixed asset consumed during its period of use by the firm. Ask what is a fixed asset Review fixed assets * Assets that are long life * Used in the business * Not used mainly for resale The amount that is deducted from the cost price. Depreciation is an expenseDepreciation is charged to the profit and loss account and would therefore reduce profit. Causes of Depreciation -Physical deterioration -Economic factors -Depletion Physical depreciation * Wear and tear * Erosion, rust, rot and decay Economic factors * Obsolescence -> comes from the word obsolete. The asset is no longer up to date and may not be used or be inefficient as compared to newer models * Inadequacy – > the ass et would be inadequate for the firms use. For example when a firm upgrades or expands it might not be efficient to use a small transport truck, it would be more efficient to use a larger transport truck or have a larger fleet of vehicles. The smaller vehicles would be sold to a smaller firm. DepletionOver the course of time a natural resource would be depleted or reduced from constant extraction. Eg natural gas, oil, mineral deposits. There are two methods used to calculate depreciation The straight line method Reducing balance method Summary 1 – (Formative) What is depreciation What are some of the causes of depreciation. What are the two methods of depreciation Presentation 2 Straight line method Called the fixed instalment method. You would have a cost price of the asset Might have a resale value of the asset Formula – cost price – resale value number of years of use eg a piece of machinery costs $50,000 it is estimated that it would be resold for 5000 at the end of 5 years.To calculate the depreciation using the straight line method 50000-5000 = 45000 = 7000 5 5 The depreciation would be $7000 per year for 5 years If the machinery had no resale value the calculation would be Cost price / years of use 50000/5 = $10,000 per year for 5 years The straight line method depreciates an asset for the same amount every year. Summary 2 (Formative) Calculate the depreciation on an asset costing 100000 for 5 years. The resale value is estimated at 10000. Use the straight line method to calculate the depreciation. Presentation 3 Reducing balance method Depreciates an asset by a reducing amount each year by a percentage. Also known as the diminishing balance method. EgCost price 20000 Depreciation (20%)20% of 20000 = 4000 Value of asset after one year = cost price – depreciation = 16000 Depreciation for second year = value of asset – depreciation Value of asset after first year = 16000 Depreciation (20%)= 20/100 * 16000 = 3200 Value of asset after second year = 16000-3200 = 12800 Value of asset for third year = current value of asset – depreciation Value of asset = 12800 Depreciation (20%) = . 2 * 12800 = 2560 Value of asset = 12800-2560 = 10240 Value of asset for forth year = current value of asset – depreciation Value of asset = 10240 Depreciation = . 2 * 10240 = 2048 Value of asset = 10240-2048 = 8192Value of asset for 5th year = current value of asset – depreciation Value of asset = 8192 Depreciation = . 2 * 8192 Value of asset = 8192- 1638. 4 = 6553. 60 Once an asset has been depreciated for its full life its book value and resale value should be equal. * Give this if they are getting it out quickly To calculate the depreciation per month you would have to calculate the depreciation per year and then divide that value by 12 to calculate the depreciation per month. Calculate the following Using reducing balance method and straight line method calculate the depreciation for 4 years on an as set costing 10000 and the depreciation is 40% per annum. Principles of Business Scheme of Work

How to Create a Marketing Plan Essay

When was the last time you dusted off that marketing plan you created for your business? Wait, you do have a marketing plan, right? Well, if your marketing plan somehow found its way to the recycle bin or if you have actually never planned out a marketing strategy for your business then BusinessMarketingBlog is going to help you. Before we jump into the 6 Simple Steps to Developing A Marketing Plan, it is important that you understand the following elements of every successful marketing plan: 1) Spend the time and resources to plot out your marketing strategy and budget 2) Implement your marketing plan 3) Analyze and adjust your marketing plan as needed 4) Refine your marketing plan for the upcoming year, quarter, month, etc. 6 Steps to an Effective Marketing Plan Step 1: Define the Purpose of Your Marketing Efforts Before you can create a successful marketing plan you must have a strong understanding of what the purpose of your marketing plan is. QUESTION: What do I want people to do after they have been exposed to my marketing? Your answer should be something very specific, not something vague like â€Å"I want my marketing to help my business grow.† Here are some common purposes that business owners use to drive their marketing efforts: * Get someone to pick up the phone and call me * Entice someone to email me * Get people to tell others about my marketing / business HINT: The more thought and planning you put into this first step, the higher your conversion rates will be throughout your marketing efforts. Step 2: Determine Your Competitive Advantage and Emphasize It Now that you have pinned down a couple of the purposes for your marketing plan it is time to think about and plan out how you are going to get people to complete these actions. QUESTION: Why will people take the specified actions you have identified? You must determine what your competitive advantage is over your competitors. Sure, you probably have a lot of great benefits and value adds,  but you need determine your one strongest and most specific competitive advantage. HINT: Stress your competitive advantage as a solution to a problem (if possible). Step 3: Determine Your Target Audience Your marketing plan cannot be effective unless you know the specific demographics of the customers you are trying to reach. Again, try to be as specific as possible as the most effective marketing plans are centered around targeted, accurate broadcasting and not so much reaching the highest number of people possible. A thousand random prospects will usually not earn you as much profit as 10 of the right prospects. QUESTION: Which group of people will be most accepting and willing to receive my marketing message? You can save a ton of money by knowing who your target audience is and tailoring your marketing to that group of people. HINT: Identify ALL of your target groups, BUT market to each group with tailored, targeted messages. Step 4: Determine Your Marketing Methods There are so many ways to market a business these days; however, only a few marketing methods and mediums are raising to the top as being the most cost effective and penetrating. Get out of your old, set ways of how marketing needs to be and expand your efforts into some of today’s most effective means of reaching prospects. Ask yourself this question: QUESTION: Which marketing strategies will allow me to reach my prospects where they are without annoying or interrupting them and will I be able to directly track the results of these efforts? Online marketing is one of, if not, the most cost effective ways to market a business these days. We recommend a comprehensive marketing campaign that includes all of the following online marketing methods: * Business Website and/or Blog * Paid Search Marketing * Search Engine Optimization * Social Media Marketing * Email Marketing * Video Marketing HINT: Hire a professional to implement and maintain these online marketing services for you. You will save a ton of money in the long run. Step 5:  Determine Your Niche Now that you have pin-pointed your purpose, benefits and target market, you need to define your niche. Ask yourself this question: QUESTION: When people hear your product / business / company name, what’s the first thing that crosses their minds? Is it price, speed, exclusivity, service, value or something else? Your answer to this is your niche, also known as positioning, and it is what your prospects see and expect from you. The more defined and specialized your business becomes, the more likely it is to succeed in the long run so put some thought into this one. HINT: Once you define your niche, specialize in it as much as possible and communicate this niche throughout all of your marketing Step 6: Determine Your Marketing Budget Last, but most definitely not the least important, is to define what your marketing budget is for your business. Your marketing budget is something that should be evaluated at least 4 times a year, if not more. You should stick to your planned budget as much as possible. Too often do we see businesses get nervous in tough economies and decide to cut expenses with marketing being one of the first to see cuts. QUESTION: Do you really think that cutting your marketing budget or holding off on aggressive marketing is going to position your business appropriately in any economy? Marketing is not something you should ever cut corners on, especially in down economies when opportunities are ripe for cheaper market penetration. We recommend preparing to spend at least 10% of your gross sales on marketing your business. HINT: Calculate your marketing budget using your projected gross sales; this will help you operate in a growth mode. If you work off of your current sales then you will be plan ning a marketing strategy to just tread water. Putting It All Together These 6 steps are more than enough to get you started on developing a real marketing plan for your business. There are many more elements to a full scale marketing plan that deserves time, research and planning; however, once this work is done and you are able to see, follow, analyze and refine your marketing plan we can almost guarantee that your business will be taken to new levels of success that you have not experienced yet. Good luck and  please let us know if you need assistance or have specific questions about any or all of the steps outlined above.

Aviation Professionals Example

Aviation Professionals Example Aviation Professionals – Article Example Raising The Next Generation Of Aviation Professionals Summary Affiliation: The Aviation Accreditation Board International (AABI) is an international body that reviews the curriculum as well as aviation professionals’ performance. It is meant to establish the content that should be used by aviation studies institutes in order to provide very highly trained aviation professionals. The aim of this article on AABI is to promote the next generation of aviation professionals on an international level.The website is very beneficial to aviation professionals because it helps equip them with the necessary ethics and responsibility that their career requires them to have. This is enhanced through a revised curriculum ranging from college mathematics, applied sciences, flight control, environment aspects, electronics and management principles. A combination of the named subjects is very important to aviation professionals because a proper understanding promotes outstanding ethics and key responsibilities to them. Thus, without doubt, the website has what it takes to provide knowledge and fulfill its objective on the next generation of aviation professionals.It has also stipulated the fact that for the next generation of professionals, they have to confer the requisite skills, knowledge and judgment so as to enhance graduates professional performance in the aviation industry. For one to depict proper ethics and responsibility, it is very vital to fully understand what the aviation system and industry require from a graduate. Therefore, the website has clearly identified the major principles of providing very qualified professionals. Above all, ethics and responsibility are promoted by integrity and credibility which are among the AABI goals.In conclusion, the website is focused on providing the next generation of aviation professionals who are determined to excel in their career path. It is also focused on providing graduates with the knowledge and training required to be responsible in the aviation systems as well as ethics required to prosper in the said profession. Therefore, I would recommend this website and I would probably relate it not only to the curriculum provided, but to the ethics and responsibilities of aviation professionals.Reference AABI. (2014). [online] Retrieved from: http://legacy.icao.int/NGAP/Presentations/Raising%20the%20Standards%20for%20the%20Next%20Generation%20of%20Aviation%20Professionals.pdf [Accessed: 30 Mar 2014].

When to Write a Law School Addendum

When to Write a Law School Addendum In the law school application process, students are usually given the option of whether to submit an addendum to their file. Read on to learn more about what an addendum is, when you should write one, and perhaps most importantly, when you shouldnt. What Is an Addendum? An addendum as it pertains to the law school application process is an extra essay that you may include to help explain a weakness in your file. Law school applicants usually write addendums when there is anything they are concerned will prompt questions for the admissions committee. Â  Proper Form for an Addendum An addendum shouldnt be more than a few paragraphs long and should be labeled as an addendum at the top of the page. The structure of the addendum should be simple: state the topic you want to explain, give the point you want to communicate, and then offer a short explanation. Remember you are submitting this document to address what the admissions committee may see as a weakness, so you dont want to spend an excessive amount of time drawing attention to negative aspects of your file. In the case of the addendum, admissions readers are not looking for an in-depth discussion. Admission readers read a lot in the first place and as stated earlier, going into a detailed explanation of a weakness may draw undesired attention to it. Proper Way to Use an Addendum You should write an addendum if you feel that something in your file needs further explanation- so much so that without such explanation, the admissions committee wouldnt be getting an accurate representation of you. Here are some scenarios for which an addendum would be appropriate:Â   A failing gradeA semester in which you did particularly poorlyGaps in your academic careerAn LSAT score that does not reflect your ability to do law school level workAn overall GPA that does not reflect your ability to do law school workA medical emergency that affected a grade or LSAT scoreA family emergency that affected a grade or LSAT score To elaborate on some of these situations, if your poor LSAT score or semester of school was because of a death in your immediate family, this is a good reason to write an addendum. Also, if you have a low LSAT score but also a history of scoring low on standardized tests and then performing at a high level in school, this is another good reason for an addendum. Still, just because your situation falls into one of these categories, that doesnt necessarily mean you should write an addendum. It is always a good idea to ask your pre-law advisor for advice regarding your specific situation. Read some sample addendums on these and other subjects. Wrong Ways to Use an Addendum Using an addendum to offer excuses for a poor LSAT score or GPA is not a good idea. If it sounds whiny, it probably is. An excuse like you didnt have enough time to prepare for the LSAT because of your college course load, for example, is not a good reason to write an addendum. You especially want to stay away from the concept that you were irresponsible as a college freshman but now youve turned your life around. The admissions committee will be able to see that from your transcripts, so you dont need to waste their time with an addendum spelling it out. Overall, dont feel like you should try to find a reason to write an addendum if a legitimate reason doesnt exist; the admissions committee will see right through your attempt, and you could find yourself on the fast track to the rejection pile.

Overview of Teddy Roosevelts Bull Moose Party Beliefs

Overview of Teddy Roosevelt's Bull Moose Party Beliefs The Bull Moose Party was the unofficial name of President Teddy Roosevelts Progressive Party of 1912. The nickname is said to have arisen from a quote by Theodore Roosevelt. When asked whether he was fit to be president, he responded that he was as fit as a bull moose. Origin of the Bull Moose Party Theodore Roosevelts term as president of the United States ran from 1901 to 1909. Roosevelt was originally elected vice president on the same ticket as  William McKinley in 1900, but in September of 1901, McKinley was assassinated and Roosevelt finished out McKinleys term. He then ran and won the presidency in 1904. By 1908, Roosevelt had decided not to run again, and he urged his personal friend and ally William Howard Taft to run in his place. Taft was chosen and then won the presidency for the Republican Party. Roosevelt became unhappy with Taft, primarily because he wasnt following what Roosevelt considered progressive policies. In 1912, Roosevelt put his name forward to become the Republican Partys nominee again, but the Taft machine pressured Roosevelts supporters to vote for Taft or lose their jobs, and the party chose to stick with Taft. This angered Roosevelt who walked out of the convention and then formed his own party, the Progressive Party, in protest. Hiram Johnson of California was chosen as his running mate. The Platform of the Bull Moose Party The Progressive Party was built on the strength of Roosevelts ideas. Roosevelt portrayed himself as an advocate for the average citizen, whom he said should play a larger role in government. His running mate Johnson was a progressive governor of his state, who had a record of successfully implementing social reforms. True to Roosevelts progressive beliefs, the platform of the party called for major reforms including womens suffrage, social welfare assistance for women and children, farm relief, revisions in banking, health insurance in industries, and workers compensation. The party also wanted an easier method to amend the constitution. Many prominent social reformers were drawn to the Progressives, including Jane Addams of Hull House, Survey magazine editor Paul Kellogg, Florence Kelley of Henry Street Settlement, Owen Lovejoy of the National Child Labor Committee, and Margaret Dreier Robins of the National Womens Trade Union. Election of 1912 In 1912, voters chose between Taft, Roosevelt, and  Woodrow Wilson, the Democratic candidate. Roosevelt shared many of the progressive policies of Wilson, yet his core support came from ex-Republicans who defected from the party. Taft was defeated, getting 3.5 million votes compared to Roosevelts 4.1 million. Together Taft and Roosevelt earned a combined 50% of the popular vote to Wilsons 43%. The two former allies split the vote, however, opening the door for Wilsons victory. Midterm Elections of 1914 While the Bull Moose Party lost at the national level in 1912, they were energized by the force of their support. Continuing to be bolstered by Roosevelts Rough Rider persona, the party named candidates on the ballot at several state and local elections. They were convinced that the Republican party would be swept away, leaving U.S. politics to the Progressives and Democrats. However, after the 1912 campaign, Roosevelt went on a geographic and natural history expedition to the Amazon River in Brazil. The expedition, which began in 1913, was a disaster and Roosevelt returned in 1914, sick, lethargic, and frail. Even though he publicly renewed his pledge to fight for his Progressive party to the end, he was no longer a robust figure. Without the energetic support of Roosevelt, the 1914  election results were disappointing for the Bull Moose Party as many voters returned to the Republican Party.   End of the Bull Moose Party By 1916, the Bull Moose Party had changed: A prominent leader, Perkins, was convinced that the best route was to unite with Republicans against the Democrats. While the Republicans were interested in uniting with the Progressives, they were not interested in Roosevelt. In any case, Roosevelt refused the nomination after the Bull Moose party chose him to be its standard-bearer in the presidential election. The party tried next to give the nomination to Charles Evan Hughes, a sitting justice on the Supreme Court. Hughes also refused. The Progressives held their last executive committee meeting in New York on May 24, 1916, two weeks before the Republican National Convention. But they were unable to come up with a reasonable alternative to Roosevelt. Without its Bull Moose leading the way, the party dissolved shortly thereafter. Roosevelt himself died of stomach cancer in 1919. Sources Dalton, Kathleen. Finding Theodore Roosevelt: A Personal and Political Story. The Journal of the Gilded Age and Progressive Era, vol. 6, no. 4, 2007, pp. 363–83.Davis, Allen F. The Social Workers and the Progressive Party, 1912–1916. The American Historical Review, vol. 69, no. 3, 1964, pp. 671–88.Green, G. N. Republicans, Bull Moose, and Negroes in Florida, 1912. The Florida Historical Quarterly, vol. 43 no. 2, 1964, pp. 153–64.Ickes, Harold L. Who Killed the Progressive Party? The American Historical Review, vol. 46, no. 2, 1941, pp. 306–37.Pavord, Andrew C. The Gamble for Power: Theodore Roosevelts Decision to Run for the Presidency in 1912. Presidential Studies Quarterly, vol. 26, no. 3, 1996, pp. 633–47.

None Coursework Example | Topics and Well Written Essays - 1000 words - 1

None - Coursework Example - While maintaining a Paris studio, Renoir traveled a great deal, staying in rural spots where living was cheaper - Essoyes, La Rochelle, La Roche- Guyon, Wargemont.16 These peaceful country settings inspired the landscape and stream in the Bathers and in several of the preparatory drawings. Because he was a sociable artist who liked to work with colleagues, Renoir missed the old community of painters. In May, 1884, he drafted a program for "La Socidtd des Irregularistes" that was partly motivated by a desire to re-establish an artistic fellowship. To his disappointment, the society was never formed. - it seems that 1884-87 was a period of experimentation which culminated in the large Bathers. During these years Renoir may have been guided by a theoretical idea of irregularity which contributed to the stylistic diversity of the painting. - Several writers in the literary and musical world are likely to have encouraged Renoirs classicism. Among them, Mallarme was the most notable. In the mid-188os Mallarmd and Renoir became acquainted at Morisots Thursday evening dinners. Morisots correspondence reveals their friendship. - Ingress classical influence can be seen in the structural clarity that Renoir has given to the monumental closed forms in the foreground of The Bathers. His ordering of forms reads as both a bas-relief and a pyramid; triangles relate the two girls at the left as well as the three foreground girls in a relationship of glances, gestures, and leg movements. 10) According to the author, why was Renoir vulnerable to the popular taste of the wealthy class?   Which artists did Renoir, essentially, look to in an attempt to â€Å"sell out†?   How did Renoir try to improve his financial situation?   How did his peers respond to this shift and what was the end result?   (pp. 121-125) Renoirs vulnerability to haut bourgeois taste was necessarily a function of his financial situation. In 1886 and 1887,

Anderson V. WR Grace case study Example | Topics and Well Written Essays - 250 words

Anderson V. WR Grace - Case Study Example According to the plaintiffs, their chemicals led to sever health effects on their families and eventual death. Notably children from seven of the plaintiffs’ families contracted leukemia and died following complications from these chemicals. Additionally, a spouse of one of the plaintiffs contracted a severe myelocytic leukemia and died out of the same illness (Gerrard and Foster 657). Despite the laboratory findings in the water samples from these wells, claims of the plaintiffs that the contaminated water causes leukemia led to numerous questions: how did TCE got into the wells? Who could have been responsible? Could TCE (chemical analyzed from wells’ water) cause leukemia in children? On the other hand, were the wells supplying drinking water to the East Woburn neighborhood carried leukemia dusts? The findings revealed that dumpsites were too close to the drinking wells. Moreover, some of the chemicals used by these industries were found in the wells’ water. Thus, the chemicals caused severe health problems and eventual death to some of the plaintiffs’ families (Gerrard and Foster 654). However, the chemicals could not be blamed for the cause of leukemia. From the findings, someone was to take the responsibility of damages realized. Therefore, W.R. Grace and plaintiffs were left to settle approximately eight million US dollars despite the company denial of and wrongdoing or responsibility for the damages. Gerrard, Michael, and Sheila R. Foster.  The Law of Environmental Justice: Theories and Procedures to Address Disproportionate Risks. Chicago, Ill: American Bar Association, Section of Environment, Energy, and Resources, 2008.

Paradise lost Essay Example | Topics and Well Written Essays - 500 words

Paradise lost - Essay Example Knowledge is compared to food and needs no less (Milton, 1905, p. 45). Wisdom to folly, as nourishment to wind. The influence of wind by tossing or creating turbulence in mind is a metaphor used to direct state the mind. The use of virginity to illustrate originality and innocence is revealed in the several lines of the poem. The use of â€Å"her Virgin Fancies pouring forth more sweet (v 291-97). Though Eve is revealed as a Matron latter on, the original status calls her a virgin because she does not know evil and she is an innocent nature spirit. In modern language, literary use is occasional, with the main approach being on the use of metaphor. Several issues in the society are addressed by the use of metaphor such as pass away to illustrate death. The current literature books address almost all the literary devices that can be used to evaluate the different contemporary literature (Milton, 1905, p. 67). Compared to paradise lost, the current literature such as water for elephant employs the use of metaphor in defining the life of the young man Jacob Jankowski. The young man’s life is depicted clearly through the use of metaphor and the other stylistic devices such as irony (Gruen, 2011, p. 34). Suspense and metaphor use in the book illustrates the power of literary devices. The use of styles that facilitate the development of interest to read the book. The exposition of Jacobs’s depression illustrates the beauty of the story with continued use of illustrative language and the development of understanding of t he overall plot of the novel. The behavior of the characters is explained by use of metaphor and epic similes making modern literature similar to the traditional literature such as paradise lost. In response to the different plots, the use of literary device is changed, by the authors, to suit the style of writing. The novel Paradise Lost has employed the use of metaphor significantly, with the statements being used,

T.V.Show Project Concept Essay Example | Topics and Well Written Essays - 1250 words

T.V.Show Project Concept - Essay Example The genre of the project is that of the traditional variety show and game show, mixed with travel and reality TV. There is a sense of live television or immediacy in hosted television reality programs: it is about the present tense and the competition of the participants. The rule is that the host is expected to look at the camera and relate to the home viewer explicitly and intimately. The rule that the reality game show should remember is that it is all based on money. The show wants to show the viewer something that is spontaneous or unexpected. The reality game show also must apply in the future that reality TV shows do have an effect on prime time news programs, as is seen by many of the tactics taken by FOX and others. Comparative shows to â€Å"Where Are We?† include â€Å"Fear Factor,† â€Å"The Amazing Race,† â€Å"American XPlorer,† and other shows on Discovery and the Travel Channel. There are cable as well as network inspirations for the show, which relies on classic game-show formulas at its heart. Target audiences include urban males and females, especially couples, who want to travel, but do not have time. In terms of programming strategy, the individual in this demographic watches reality TV game shows on cable at home and alone, or they get social gratification or filling social needs by watching the channel with friends or family members. They watch reality TV game shows on Discovery or some other channel has every day for hours, or while they eat dinner. If â€Å"Survivor† had this kind of habitual viewer it would’ve gotten even higher ratings. The gratification for this demographic is found in the channel’s game show programming and reality show programming, and people do not pay any attention to the advertisements during commercials. In fact, this demographic in particular often switches the channel so as to avoid advertisements entirely while watching reality TV