Thursday, January 30, 2020
Improving science literacy with hypermedia Essay Example for Free
Improving science literacy with hypermedia Essay Methods Learning Design Architecture The four cornerstones of this Science learning and teaching design are goal-based and constructivist learning, simulation, computer-based creative learning environment, computer-based creative assessment, as well as the traditional lectures and tutorials. In the present research, the Discovery Channel ââ¬Å"Pompeii: The Last Dayâ⬠site was used as the hypermedia environment for investigating the science topic of Plate Tectonic Theory, first, and the impact of natural processes on human history (Pompeii), second. A few words need to be said about the structure of this hypermedia resource and its value for the current research. It is organized as the complex system of thematic hypermedia audio/video-packages accompanied by informational texts in written form. The structure of the site appears to be complex, so far as on the macrolevel it consists of the hypermedia sections: ââ¬Å"What Happened Here? ,â⬠the ââ¬Å"Virtual Volcanoâ⬠simulation, Pompeii Quiz, and Eruption Videos. Each macrounit, meanwhile, is designed as another macroentity. For example, the section ââ¬Å"What Happened Here? â⬠provides learners with different types of information on the theme of volcanic activity having erased ancient cities from the earth surface. The ââ¬Å"Step Back in Timeâ⬠slide-show is organized as a series (7 parts or pages) of the typed texts (ââ¬Å"The Long, Deathly Silence,â⬠ââ¬Å"Herculaneum,â⬠ââ¬Å"Two Days in August,â⬠ââ¬Å"The Story of Lupercus,â⬠ââ¬Å"Pompeii: Part I,â⬠ââ¬Å"Pompeii: Part II,â⬠and ââ¬Å"The Story of Caius Julius Polybiusâ⬠by Rossella Lorenzi). The ââ¬Å"Ongoing Excavations,â⬠or ââ¬Å"Ongoing Archaeologyâ⬠slide-show comprising 6 parts or pages (ââ¬Å"Uncovering Pompeii,â⬠ââ¬Å"Bringing the Oldest Pompeii to Light,â⬠ââ¬Å"A Unique Glimpse,â⬠ââ¬Å"Herculaneums Lost Papyri,â⬠ââ¬Å"Lost Plays of Sophocles,â⬠and ââ¬Å"Multi-Spectral Imagingâ⬠) is analogous in structure to the ââ¬Å"Step Back in Timeâ⬠macrounit. Besides, within the same ââ¬Å"What Happened Here? â⬠macrosection, there is a ââ¬Å"Pompeiis Eyewitness Accountâ⬠web documentary. The students listen to the text and watch the video accounting for Pliny the Youngerââ¬â¢s story about the ancient Pompeii devastation. Whereas the aforedescribed macrounit explores the issues of human history in relating to natural catastrophes, the other macrosections concentrate on Plate Tectonics theory and scientific description of volcanoes as natural pressure valves. Under the umbrella of Volcanology, there are the hypermedia macrounits ââ¬Å"Virtual Volcanoâ⬠and of ââ¬Å"Eruption Video. â⬠The section ââ¬Å"Virtual Volcanoâ⬠consists in its turn of the Overview and the ââ¬Å"Virtual volcanoâ⬠simulation sections. The theme of the section is ââ¬Å"Tectonic Plates and Volcanoes. â⬠The Overview dwells on the Earthââ¬â¢s tectonic structure, volcano types (three subsections) and structure. The information is presented through both visual and textual form (typed text). In the macrounits of ââ¬Å"Global Perspectiveâ⬠and ââ¬Å"Virtual volcanoâ⬠a specific type of hypermedia symbolic simulation or microworld ââ¬â introduces students to the details of tectonic structure and volcanic activity. Simulation is ââ¬Å"a computer-based simulation of a work or decision-making environmentâ⬠as a system (Sauer, Wastell, Hockey, 2000, p. 46, qtd. in Gredler, 2004, p. 577). Whereas a ââ¬Å"Global Perspectiveâ⬠is a genuine symbolic simulation of Earth with delineated plate boundaries and active volcanoes, the ââ¬Å"Virtual volcanoâ⬠section is an experiential simulation. This is an alliance of hypermedia and video images ââ¬Å"to create a virtual experience for students who are fulfilling roles as researchersâ⬠(ibid. ). The macrounit seems to be designed to improve studentsââ¬â¢ comprehension of the theme by projecting the concepts from short-term to long-term memory, training topical vocabulary and operating knowledge in the goal-based settings. Six informational video packages within the section of ââ¬Å"Eruption Videoâ⬠train audition as well as visual comprehension. It also broadens studentsââ¬â¢ vocabulary with useful terms and present visual information on useful concepts (e. g. pyroclastic flow, lava flow, underwater volcano, etc. ). The informational section ââ¬Å"Volcano newsâ⬠provides learners with interesting facts on ancient and modern volcanic activity (as well as other scientific facts; there are 13 news pieces, 2 of which are corrupted). The hypermedia assessment tool is given in the form of the Pompeii Quiz. This is an interactive multiple-choice test ââ¬Å"Would you survive after the eruption of Mount Vesuvius?. â⬠To accomplish the test, a student must use knowledge having been gained during the research of the site. The Discovery Channel ââ¬Å"Pompeii: The Last Dayâ⬠site seems to be a useful hypermedia environment for investigating the topics of Plate Tectonic Theory and its impact on human history. First, students pick up useful concepts related to several branches of science (tectonics, Volcanology, history, archeology, etc. ). Second, they learn important vocabulary on the topics in the flow of constructivist and creative learning process. Due to the fact that the hypermedia environment is used for achieving the learning goals, the body of information is presented through various media (typed text, oral speech, graphics, videoimages, photographs, simulations) and organized flexibly. A learner is free to step from one macrounit to another being led by his/her personal background and motivation, return to the sections which are of most interest for him/her essentially and train comprehension skills in the Quiz as many times as (s)he needs. Finally, it refines studentsââ¬â¢ ICT skills while they use the World Wide Web to reach the site and proceed from page to page. Instruments To evaluate the effect of the hypermedia learning environment on studentsââ¬â¢ comprehension of Science (Plate Tectonics, Volcanology, History, Archeology), the researcher investigated each of the four ââ¬Å"Pompeii: The Last Dayâ⬠sections for the most significant scientific concepts to be utilized by students in the learning process. The search was done by qualitative linguistic analysis of the informational texts. The concepts were grouped into three main sections: geographical names, personal names and scientific terms and concepts (see Table 1 for the list). The students were assumed to learn those terms in the constructivist educational process through the hypermedia tools to incorporate them into their evaluation assignments as the evidence for their improved science reading and visual comprehension. Second, an end-of the week questionnaire was administered to the eight-graders in the Science Hypermedia class to find out feedback on their learning experience from using the hypermedia learning environment including time spent on independent research in the hypermedia environment (ââ¬Å"Pompeii: The Last Dayâ⬠) (see Tables 3, 4 and Figure 1). Third, Power Point presentations were used as creative evaluation instrument to check the learning outcomes of studentsââ¬â¢ comprehension. All the students were trained to create computer-based presentations by the given program. In an effort to guide and improve the learning of science concepts in the realms of Geology, History and Archeology with eight-graders in the middle school, a week study of the Topic ââ¬Å"Plate Tectonic Theory and the Impact of Volcanic Activity on Human Historyâ⬠was designed as an action research experiment. From the point of view of settings and partly qualitative assessment of the outcomes of research on specific stages (e. g. studentsââ¬â¢ feedbacks), this study may also be called a case study, since only one science topic was investigated in regard to studentsââ¬â¢ comprehension and motivation. Two classes of eight-graders relatively equal in achievements and learning potential were invited to participate in educational experiment. However, there was no internal sampling conducted within each of the classes. All the students participated voluntarily and for no reward in grades or other. The goals of the present research were clarified to all the participants (N = 40). The total number of participants (N = 40) was invited to study the topic of Plate Tectonics and its impact on human history through different learning resources. The students of experiment group (n = 20) studied the topic in the hypermedia environment (a school computer laboratory equipped with Windows-based microcomputers and, optionally, at home), whereas the other group of students (control group, n = 20) did not use any hypermedia resources learning solely from printed textbooks and handouts as well as teacherââ¬â¢s oral instructions. To comment, the student of the experiment group received small portions of a teacherââ¬â¢s instruction while researching the hypermedia context. They were also assisted by a teacher in proceeding from one structural part of the site to the other in order to investigate the topic on each otherââ¬â¢s individual pace. However, the general framework of scientific topic was introduced to a group of students. Thus, both group and individual types of instruction tool place in the research. One more thing to note, the studies in both the experiment and the control groups were conducted by one and the same teacher of a teaching style being familiar to the students from previous experience. After a week of studies, the students from both the groups designed Power Point presentations on the topic within the Hypermedia Evaluation Project in lieu of a formal examination. The assessment comprised: 45% on the subject comprehension (major concepts and direct conceptual links), 45% on utilizing Power Point hypermedia resources, and 10% on creativity. All the students (n = 40) were trained in using the Power Point program. Presentations were evaluated by three examiners. The point of degree between the evaluators was high (r = . 088).
Tuesday, January 21, 2020
The Rationality of Probabilities for Actions in Decision Theory Essays
The Rationality of Probabilities for Actions in Decision Theory ABSTRACT: Spohn's decision model, an advancement of Fishburn's theory, is valuable for making explicit the principle used also by other thinkers that 'any adequate quantitative decision model must not explicitly or implicitly contain any subjective probabilities for acts.' This principle is not used in the decision theories of Jeffrey or of Luce and Krantz. According to Spohn, this principle is important because it has effects on the term of action, on Newcomb's problem, and on the theory of causality and the freedom of the will. On the one hand, I will argue against Spohn with Jeffrey that the principle has to be given up. On the other, I will try to argue against Jeffrey that the decision-maker ascribes subjective probabilities to actions on the condition of the given decision situation. Spohn's (1977, 1978) decision model, an advancement of Fishburn's theory (1964), is valuable for making explicit a principle which is used by Savage (1954/1972) and Fishburn (1964). The principle is the following: "Any adequate quantitative decision model must not explicitly or implicitly contain any subjective probabilites for acts." (1) (Spohn 1977, p. 114) This principle is not used in the decision theories of Jeffrey (1965, 1983) and of Luce and Krantz (1971). According to Spohn (1977) this principle is important, because it has implications for the concept of action, Newcomb's problem, theory of causality and freedom of will. On the one hand I will try to argue against Spohn (1977, 1978) with Jeffrey (1965, 1968, 1977, 1983) that the principle has to be given up. On the other hand I will try to argue against Jeffrey (1965, 1968, 1977, 1983) that the decision-maker ascri... ..., I. (1982), "A Note on Newcombmania", The Journal of Philosophy 79: 337-342. Lewis, D. (1981), "Causal Decision Theory", Australasian Journal of Philosophy 59: 5-30. Luce, R. D. and Krantz, D. H. (1971), "Conditional Expected Utility", Econometrica 39: 253-271. Nozick, R. (1969), "Newcomb's Problem and Two Principles of Choice", in N. Rescher et al. (eds.), Essays in Honor of Carl G. Hempel, Reidel, Dordrecht: 114-146. Savage, L. J. (1954/1972), "The Foundations of Statistics", Wiley, New York, Dover. Skyrms, B. (1980), "Causal Necessity", Yale University Press, New Haven, London. Spohn, W. (1977), "Where Luce and Krantz Do Really Generalize Savage's Decision Model", Erkenntnis 11: 113-134. Spohn, W. (1978), "Grundlagen der Entscheidungstheorie", Monographien: Wissenschaftstheorie und Grundlagenforschung vol. 8, Scriptor Verlag, Kronberg/Ts.
Monday, January 13, 2020
Legalization of Drugs
SURE WANT TO LEGALIZE DRUGS? In the century of freedom that we are living in, we have started to face this new worldââ¬â¢s new problems and new situations such as legalization of drugs. Many people are having dilemmas about drug legalization coming between ethical values and right of freedom. However, surely forbidding something for peopleââ¬â¢s and communitiesââ¬â¢ own benefits doesnââ¬â¢t go along with our perception of democracy and freedom. What freedom means is being able to do whatever individuals want without disturbing othersââ¬â¢ rights and freedoms.Then we should mainly focus on the ââ¬Å"â⬠¦without disturbing othersââ¬â¢ rights and freedoms. â⬠part . Therefore , even if we are not the oneââ¬â¢s that are capable of legislating , governments should care about our voices and be careful about this subject; because of legalizing drugs and giving people the right individually use of drugs regarding publicââ¬â¢s rights and freedom will cause lot s of consequences and problems. Therefore , in this precise situation , drugs should not be legalized in Turkey. Legalization of drugs will bring some problems with itself.First of all, legalization of drugs will increase drug usage and the number of drug addicts as it will be stabled in our daily lives with power of laws. Therefore drug usage will seem normal as everyone will have right to use it, and people will find enough confidence to try it even tough they donââ¬â¢t really want to use it , but fur to curiosity. If we look into our past legalization experiences such as legalization of alcohol or smoking , we can easily see the correlation between the number of addicts and legalization of additional materials.Secondly, increase in drug usage will increase the crime rate related to drugs. We are going to be able to the violence movie scenes in our streets as underground drug wars will spread to aboveground, the increase in drug addicts will increase the number of people in nee d of drugs, and it will occur the easiest way of drug afford: violence. As Magnnins (n. d. ) stated in his article although drug legalization will reduce the cost of drugs it will feed the habit. Therefore, the crimes with related to drugs will increase. (pg. 3-4).Lastly , drug legalization will damage the social relations among in public. The drug users are mostly psychologically unhealthy people as they do not care about anything but drugs , and due to their lack of logical thinking. The careless attitude that drug addicts exhibit in their social lives could be managed for a time by their relatives, but how long this relatives can stand this as more and more people become addicts? Specifically, Turkish traditional and religious norms do not fit to legalization of drug usage and this will lead us to having social problems.In such a country like Turkey that has population is formed by more than %95 Muslim people , it is hard to expect everyone to obey a law which is strictly forbidd en in their holly book. The ones who are for legalization of drugs mostly have same supporting ideas that they see enough evidence for drug legalization. Firstly, as legalization will make drug usage legal and provide some laws, it will put drug usage under government control. They assume that government control will help drug users as governments will be able to keep track of drug usage, put quotes and even can generate income by putting taxes.However, they miss some really important points like government control will not only be unable to stop drug usage also creates some responsibilities for Turkish government. If we look into the alcohol and smoke usage in Turkey , we can easily see that governments can not control drug usage by quotes and taxes. In addition, government control issue will bring problems for the Turkish government such as building rehabilitation centers for addicts and governmental care and responsibility for drug usage as Gargaro(1996) stated in her article â⠬Å"notice all the regulation and laws surrounding cigarettes?Legal drugs means MORE LAWS , MORE REGULATION AND MORE GOVERNMENT, higher taxes and higher insurance rates. â⬠(pg:3). The second point that drug legalization fans cry is ââ¬Å"Drug usage is an individual choiceâ⬠which actually means to do whatever individual likes ,which is a right given by freedom , and drugs should be legalized as alcohol and smoke usage in Turkey. We understand this also from Blockââ¬â¢s(2000) words which mainly points that not legalizing drugs means controlling individuals opinions and rights(pg:4-5). Yet, regard that it is a social issue more than individuality problem.As drug users physiologic situations donââ¬â¢t let them think critically, it will lead us to have more troubles in the community. As Maginnis(n. d. ) claims drug usage is not a personal issue as drug usersââ¬â¢ families and society also endures the consequences like the baby on its drug user motherââ¬â¢s stomach (pg:10). To sum up, drug legalization is a sensitive situation, and the ones that stand for drug legalization should think critically, take into account the consequences of it such as effects of increasing number of addicts on ociety like increasing crime rate, possible damages on social relationships before they yelling ââ¬Å"legalization will put it under government controlâ⬠and ââ¬Å"drug usage is an individual choiceâ⬠. They should mainly not regard the meaning of freedom: being able to whatever individuals would like to do WITHOUT DUSTURBING OTHERSââ¬â¢ RIGHTS AND FREEDOMS. REFENANCES: * Block , W. (2000) . Legalize Drugs Now. American Journal of Economics and Sociology * Gargaro , C. C. (1996). Drugs * Maginnis , R. L. (n. d. ). Legalization of drugs: The Myths and the Facts
Sunday, January 5, 2020
The Influence of Technology on Literature Essay - 1697 Words
The Influence of Technology on Literature This essay will discuss the way new technologies have influenced some of the areas of literature. Whilst the writer of this essay acknowledges the development of cyber books for their pure entertainment value, this essay will focus on the influence of new technology in the practical advances in the literature and associated industries. This includes the influences that new technology has had on the entertainment aspect, the educational aspect, the industry aspect and the employment aspect. This essay will discuss the influence that new technologies and new uses for old technologies have had on some aspects of literature and the producers and consumers of books. This includes authors,â⬠¦show more contentâ⬠¦One of the noted limitations of this ââ¬Ënew technologyââ¬â¢ is its seemed ability to mishear or misinterpret the voice activation. The author must remember that even though utilising new technologies, they must still ensure they perform editing and drafting. One of the major topics of ââ¬Ënew technologyââ¬â¢ seen emerging in the literature industry is that of the E-Book. The E-Bookââ¬â¢s purpose is eventually to outsell and make obsolete the written book. Hirsh (2003) makes the argument that the paperback book will never become extinct. He argues that those readers who read as a hobby enjoy the physical aspects of the book such as the weight, feel and experience of reading a book. He also argues that that experience would be diminished were they to sit in front of their palm pilot or computer screen to experience the book (Hirsh, 2003). One author (Staley, 2003) argues that new technology, far from removing the book from existence, more so creates a new and more efficient method of distributing and buying books for the end user. Through the use of e-commerce and electronic bookshops, avid readers, students and academics have access to all manner of books via the internet and their credit card. Whilst there are many advances and influences of new technology on the authors of books, large steps have also been made that influence the users of theseShow MoreRelatedDystopian Literature : The Dark Sides Of Our Dreams1456 Words à |à 6 PagesUsing the text as a frame of reference, how does dystopian literature demonstrate the power of fear? Dystopian fiction shows what happens if people don t fear for what s to come. Fear influences people very substantially, changing the actions they make. As it says in the text, ââ¬Å"Dystopias are the dark sides of our dreams. There are common themes and stylistic choices because all of the distorted mirrors that authors are holding up are trying to show us the same things. 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Saturday, December 28, 2019
The American Dream ( The Great Gatsby ) - 1173 Words
*HANDS OUT ANSWERS TO THE QUIZ BEFORE STARTING SEMINAR *TURNS ON POWERPOINT TO THE TITLE Now everyone I want you to close your eyes and imagine what you think living in the 1920s would be like. *GOES ONTO THE NEXT SLIDE TO THE SOCIETY IN THE 1920s Now everyone open your eyes. What do you see here? *POINTS TO PICTURE LIVING IN THE ACTUAL 1920S. Now what do you see here? *NEXT SLIDE. *POINTS TO PICTURE LIVING IN THE AMERICAN DREAM (THE GREAT GATSBY). Did anyone notice anything that caused a change in society between these two pictures? *POINTS TO SOMEONE WITH ONE OF THE ANSWERS TO THE QUIZ/QUESTION. READS OUT THE RAPID ECONOMIC BOOMING AND GREED. *NEXT SLIDE. Thatââ¬â¢s correct! During the 1920s of the Jazz Age in concurrence with theâ⬠¦show more contentâ⬠¦In ââ¬Å"The Great Gatsbyâ⬠, the American Dream evolves around Jay Gatsby, a millionaire that is always striving to earn more wealth and wins Daisyââ¬â¢s heart. ââ¬Å"You always have a green light that burns all night at the end of the dock.â⬠Although he succeeds in winning Daisyââ¬â¢s heart, he is not happy with what he has, demonstrating that he did not achieve the American dream. *NEXT SLIDE. Similarly, the American Dream in the 1920s went from being ambitious and faithful to all being brainwashed by wealth. The American society started to aim for goals that were heavily influenced by consumerism. In 1931, American writer and historian James Truslow Adams describes the American Dream in his book ââ¬Å"The American Epicâ⬠, stating that ââ¬Å"life should be better and richer and fuller for everyone, with opportunity for each according to ability and achievementâ⬠regardless of social class or circumstances of birth.â⬠He believes that people started to become competitive with each other, losing their sense of identity and hope. It was about who could throw the biggest party, who will have the most ladies or gents, and the list goes on. *NEXT SLIDE. Although the 1920s was known for its crazy and wild parties, a time for the American society to enjoy the luxurious life as a wealthy citizen, Fitzgerald doubts the benefits of wealth. This is shown through Gatsbyââ¬â¢s guests at his party; ââ¬Å"the groups change more swiftly, swell with new arrivals, dissolveShow MoreRelatedThe American Dream : The Great Gatsby Essay1568 Words à |à 7 PagesThe American Dream: The Great Gatsby The Great Gatsby is a tragic love story on the surface, but its most commonly understood as a suspicious critic of the American Dream. In the novel Jay Gatsby overcomes his poor past to gain an incredible amount of money and a limited amount of social cache of in the 1920s NYC, only to be rejected by the ââ¬Å"old moneyâ⬠crowd. The focus of my paper would be the pathway towards the American Dream and how it affects the person and others around. The American dreamRead MoreThe Great Gatsby and the American Dream1401 Words à |à 6 PagesThe Real American Dream Since its institution, the United States has been revered as the ultimate land of ceaseless opportunity. 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Scott Fitzgerald incorporates his opinions, primarily based off of his experiences and tribulations in World War I, throughout his literary works.Many people believe that deplorable moral and social values have evolved from the materialistic pursuit of the American dream especially throughoutRead MoreThe Great Gatsby and the American Dream592 Words à |à 2 PagesRed, white , and blue are iconic to the American culture we know of. They can show our passion, desire, and pride for our country, but you will always have you might have to give in, against what your morals tell you.In the novel The Great Gatsby by F. Scott Fitzgerald, Fitzgerald uses the colors red, blue, and white to symbolize the American dream. To accomplish the American dream you need passion and desire but you will face situations where your morals will compromised. Passion is a necessity
Friday, December 20, 2019
Ethical Issues Of Multinational Corporations Essay
ETHICAL ISSUES IN MULTINATIONAL CORPORATIONS Introduction A multinational is defined as an enterprise operating in several countries but managed from its home country. Ethics as a philosophy is defined as the discipline concerned with what is morally good and bad, right and wrong. Ethical issues arise when one is unsure of what is the right course of action to be taken at a single time. This problem becomes exponentially complex when applied to a multinational organization. Globalisation has enabled many companies to venture abroad in an attempt to grow their market presence while also boosting profitability, acquire cheaper raw materials, and gain access to low cost of labor. Generally, any company or group that derives a quarter of its revenue from operations outside of its home country is considered a multinational corporation. There are four categories of multinational corporations: a multinational, decentralized corporation with strong home country presence a global, centralized corporation that acquires cost advantage through centralized production wherever cheaper resources are available an international company that builds on the parent corporation s technology or RD a transnational enterprise that combines the previous three approaches. Multinational corporations operate across many countries, and each country has its own laws and cultures and also diverse ethical practices and social norms. Some of the most notable multinationals include Apple Barclays IBMShow MoreRelatedEthical Issues Faced By Multinational Corporations ( Mncs )767 Words à |à 4 PagesWhat specific legal and/or ethical issues does an organization encounter in doing business in third-world or developing countries? Please identify one specific legal and/or ethical issue and discuss that matter. Once a firm expands abroad, moral transparency becomes foggy. The setting for persons shared attitudes without universal laws and legal practices which describe standards of conduct moral certainty is obscured. Organizations must make a clear statement of what is legally and ethicallyRead MoreThe General Impact of Management in International Business1075 Words à |à 5 Pagesis the general impact of management in the international business? In this essay this question will be clearly answered by deep details, concerning the important issues meet generally the managers in business international, such as: Conflict of culture, ethical issues, and fair trade issues. And the advent of the Multinational Corporation will be largely explained. Finally, as example, the difference between the managerial styles of USA and Japan will be considered and the managerial styles of ChinaRead MoreEssay on Business Ethics1066 Words à |à 5 Pagesits inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to consider this statement and its implications, it is necessary to recognize the ethical decision-making processes of a number of companiesRead MoreLiving Up to Ethical and Social Responsibilities: The Case of Occidental Petroleum Corporation1394 Words à |à 6 PagesLiving Up to Ethical and Social Responsibilities: The Case of Occidental Petroleum Corporation Introduction The recent assassination of a U.S. ambassador in Libya and the rampant anti-American sentiments being expressed in other parts of the world is proof positive that many American-based multinational are faced with a hostile operating environment that demands informed and timely responses. Likewise, many multinational corporations are subscribing to calls for giving back to the communityRead MoreBenefits Of Moving Production Overseas1507 Words à |à 7 Pagesproduction overseas may seem obvious, multinational companies can capitalize on the competitive advantage these countries offer in the form of inexpensive labor. However, this cost reduction can come at a high cost as different cultures may not place a high value on the safety and wellbeing of their employees as companies due in developed countries, such as the United States. Responsibility of Supply Chain It is imperative for todayââ¬â¢s multi-national corporations to not only monitor supply channelsRead MoreWith The Rise Of Globalization And The Complex Dynamics1624 Words à |à 7 PagesWith the rise of globalization and the complex dynamics of the global business environments, organizations are tackling and forced to deal with large ethical issues on a daily basis. The ramifications for an organization that does not handle an ethical scenario efficiently and effectively could put the entire company and organization at dire risk. Organizations put their company brand and identity on the line with their everyday decisions and how they choose to operate themselves and their businessRead MoreThe Chicago School Of Professional Psychology Essay1221 Words à |à 5 Pagesspecific research topic of the perceived institutional ethical behavior of US-based multinational corporations and its relationship with organizational longevity. Following the five peer-reviewed qualitative research articles. APA Annotation Aleksic, A. (2013). How Organizations Achieve Longevity: The Role of Change Management in Building Their Sustainability. International journal of the academy of Organizational behavior management. Issue 4 (January-March 2013) (65 - 78). The primary purpose ofRead MoreImpact Of Globalization On Business Management Essay1459 Words à |à 6 Pagesof the broadening of globalization more people have become captivated in international business and trade. Multinational corporations Production of services and goods is organized by a Multinational Corporation. Another name multinational corporation can be referred to as International Corporation. How has Globalization impacted Multinational Corporations(MNC)? Multinational Corporations is expanding their businesses in many ways. According to the website www.grin.com/documents ââ¬Å"Globalization hasRead MoreThe Law For Global Business1014 Words à |à 5 PagesEthic Issue Paper MBA511 Law for Global Business Instructor: Robert Richards Student: Yan Gao November 10 , 2014 Ã¢â¬Æ' I. Question: Do multi-national corporations (MNE s) have a social and ethical responsibility beyond the legal requirements of trying to maximize stockholder value (making profits), adhering to contracts, and obeying the laws of the different countries where they operate? The rapid development of economy promotes the development of multinational companies, which have becomeRead MoreThe Multinational Company : Multinational Corporation864 Words à |à 4 Pages*The multinational corporation Multinational Corporation can be defined as a corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and or factories in different countries and usually have a centralized head office where they co-ordinate global management. It can also be defined as a multinational corporation which is usually a large corporation which produces or sells goods or services in various countries.
Thursday, December 12, 2019
Business Budgeting Expenses of Equipment Charges
Question: Describe about the Business Budgeting for Expenses of Equipment Charges. Answer: 1: The following are the various steps that are involved in the budgeting or while preparing a budget: Gathering of all the information related with the sources and the income and the expenses. This would include the sources like the fees received from the patient. The expenses would include the rent, all the charges for the equipments, needles, cost of the various beds, sheets etc. to be used in the clinic. Further, the expenses would include the salary of the staff, nurses etc. Then all the sources of income. If there is any income from any other source, then the same will have to be recorded. Creation of the list of the various expenses that would be incurred. Then the above expenses would be bifurcated into fixed and variable. All the variable expenses would include the cost of the injections, band aids etc. whereas the fixed expenses would include the salaries of the doctors, nurses, rent etc. Then the total monthly income and the expenses would be calculated. Then adjustment have to be made so that the income is equal to the expenses since otherwise there would be a loss. Cut spendings in case, there is loss Review the budget on monthly basis on the basis of the actual results achieved during the previous month (Concordia, 2016). The following are the assumptions involved: That the prices of the various band aids, injections would remain constant That no other expenses would be incurred apart from the ones listed in the budget. The main areas of concern would be the following: That the actual results may outgrow the budgeted expenses There are certain expenses that were never planned That the revenues have been overestimated That the allocation of the various expenses goes wrong All the expenses are underestimated Who is to be blamed in case this budget does not fall through Suppose, a particular amount of expense has been allocated to one of the departments and what if the supervisor of that department in order to finish that budget spends recklessly (Accounting tools, 2016). 2: The following is the budget for the month of July: Particulars Child Adult Budget 700.00 400.00 Revenue 28,000.00 12,000.00 40,000.00 Costs: Vaccines 7,000.00 4,000.00 11,000.00 Band aids 1,400.00 400.00 1,800.00 Rent - - 300.00 Receptionist - - 500.00 Nurse 3,500.00 1,200.00 4,700.00 Total costs 18,300.00 Profits 21,700.00 The following is the budget for the month of June: Particulars Child Adult Budget Revenue 28,000.00 12,000.00 40,000.00 Costs: Vaccines 7,000.00 4,000.00 11,000.00 Band aids 1,400.00 400.00 1,800.00 Rent - - 300.00 Receptionist - - 500.00 Nurse 3,500.00 1,200.00 4,700.00 Total costs 18,300.00 Profits 21,700.00 The following is the comparison for the months: July Particulars Child Adult Budget Actual Variance 500.00 200.00 Revenue 20,000.00 6,000.00 26,000.00 26,000.00 - Costs: Vaccines 5,000.00 2,000.00 7,000.00 8,400.00 -1,400.00 Band aids 1,000.00 200.00 1,200.00 1,450.00 -250.00 Rent - - 300.00 400.00 -100.00 Receptionist - - 500.00 600.00 -100.00 Nurse 2,500.00 600.00 3,100.00 3,100.00 - Total costs 12,100.00 13,950.00 -1,850.00 Profits 13,900.00 12,050.00 1,850.00 June Particulars Child Adult Budget Actual Variance 900.00 500.00 Revenue 36,000.00 15,000.00 51,000.00 51,000.00 - Costs: Vaccines 9,000.00 5,000.00 14,000.00 16,800.00 -2,800.00 Band aids 1,800.00 500.00 2,300.00 2,750.00 -450.00 Rent - - 300.00 400.00 -100.00 Receptionist - - 500.00 500.00 - Nurse 4,500.00 1,500.00 6,000.00 6,000.00 - Total costs 23,100.00 26,450.00 -3,350.00 Profits 27,900.00 24,550.00 3,350.00 The following are the reasons for the variance: For the month of July: There is no change in the amount of the revenue. The revenue from the patients were less The cost of the vaccines was higher The cost of the band aids purchased was higher The rent paid was higher than the budgeted amount The receptionist was paid more than what was expected. For the month of June: The cost of the vaccines was higher The cost of the band aids purchased was higher The rent paid was higher than the budgeted amount As for the recommendation, since the actual amounts incurred as expenses were higher than the budgeted amounts, these changed or the actual amounts plus 5 or 10% must be taken into consideration while preparing the budget for the next month. That increase of 5 to 10% would include the rise in the cost of the various vaccines, bad aids etc. References: Basic steps to making a budget. (2016).Concordia.ca. Retrieved 28 September 2016, from https://www.concordia.ca/students/financial-support/budgeting/basic-steps-to-makingabudget.html What are the disadvantages ofbudgeting? - Questions Answers - AccountingTools. (2016).Accountingtools.com. Retrieved 28 September 2016, from https://www.accountingtools.com/questions-and-answers/what-are-the-disadvantages-of-budgeting.html
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