Budgeting Essay Example | Topics and Well Written Essays - 2000 words

Budgeting - Essay Example The intention of this study is a budget as a financial plan expressed in terms of money that helps budget holders achieve organizational goals and objectives in an appropriate manner. In construction industry, budget helps companies in the process of financial analysis. Through budgeting, management of the organizations can know the financial position of the organization. They can know what is actually going on in terms of capital use for business activities. Budgeting helps in providing the management with the information regarding available capital, current financial position, and future expenditures of the ongoing business activities. Through efficient budgeting, the organizations can save money and related expenditures regarding various business activities. Budgets help in cutting off the extra costs and make money available for use in other financial activities.Proper planning plays an important role in the success of a construction company. Budgeting plays a very important role in this regard. Planning is the second function of budgeting. After forecasting the financial position, a company decides its future activities, such as, investment decisions, loan decisions, and buying or selling decisions. Communication is another major function of budgeting. If an organization makes some sort of financial deal with another organization, budgeting is that technique which can resolve the issue related to use of capital between the two parties. Priorities can be set between the two organizations regarding the financial issues. An effective budget would help the organizations in communicating with each other for the purpose of discussing where the money should be spent and how much money should be spent. 2.4 Motivation Budgeting plays an important role in motivating staff of the company. After analyzing the financial position of the company, managers can develop such plans for the employees that are able to improve their efficiency and motivation. For example, if a company develops effective compensation plans, it can result in favor of the company because employees like to work for a company which values their performances and provides them with the compensation and rewards that they deserve. However, development of compensation plans is directly related on the available budget of a company. If a company will have enough budgets for developing and implementing such plans, only then compensation plans can be developed which will ultimately result in motivating employees and improving their individual and group performances. 2.5 Evaluation In construction industry, evaluation of financial and other business processes plays a very important role. Budget represents the target performance which managers measure with the actual

English Jurisdiction Case Study Example | Topics and Well Written Essays - 1000 words

English Jurisdiction - Case Study Example May, furthermore, complained that she had suffered from emotional anguish after the incident. Consequently, May Donoghue filed an action suit against the manufacturer of the ginger beer, David Stevenson, in April of 1929 seeking 500 as payment for the damages inflicted as a result of drinking the ginger beer (1 page 563 Court Records).1 The consequences of the suit - Donoghue v Stevenson - and the events which ensued later still stand as one of the most prominent cases in United Kingdom's legal history and changed the course of consumer law perpetually, as the decision of the House of Lords, UK's supreme appeals court, established a very significant foundation of the delict law not just in Scotland but also all over the world. The House of Lords affirmed that scope of their judgment principles covered English Law as well (page 564 Court Records).2 Donoghue lodged her case in Court of Session in 1929 with the help of Walter Leechman who at that time was already familiar with the previous rulings of the courts with regards manufacturers' liability to consumers in Scotland (Mullen v. A.G. Barr & Co. 1929 S.C. 461). This previous rulings were the main basis of the Scotland's delict law which affirmed that manufacturers have no obligations to or contractual relationship with an individual if she did not pay for the consumer item. Thus May Donoghue could not claim damages or file suit against the manufacturer under the Scottish delict law. The courts ruled twice removing, Stevenson, the manufacturer of the ginger beer, of any legal responsibility citing the courts previous ruling in Mullen v A.G. Barr. Donohue and her lawyer sought appeals from the House of Lords which overturned the decisions of the previous courts and overruled Mullen v. Barr Co., Ld., and M'Gowan v. Barr Co., Ld., 1929 S. C. 461. The House of Lords argued that the manufacturer is liable to the consumer when he places an item for sale for consumption purposes without aptly examining the product. Care should be practiced in ensuring that the article or item sold to the consumer 'is not injurious to health.' Hence the manufacturer is liable to the appellant as he put upon his product, the ginger beer - designed in such a way that consumers would not be able to determine what was inside the bottle. The House of Lords in this ruling has asserted that responsibility rested upon the manufacturer of the ginger beer as, whether the design of the bottle which made it difficult for the consumers to inspect its content, was done intentionally or unintentionally, the rights of the consumers must be protected. The issue, acco rding to the court, was not the contention that the manufacturers committed fraud but the manufacturer's apparent negligence (page 565 Court Records). Lord Bruckmaster argued that the principles the courts gleaned from the appeal is that, the manufacturer, or anyone who confers another service of work as for instance, the repairer, 'owes a duty to any person by whom the article is lawfully used to see that the it has been carefully constructed.' (page 578 Court Records) However, Buckmaster also notes that (page 578 Court Records), that this duty, outside the contractual obligation of the manufacturer, is very broad and covers every item, because this obligation can be extended to every person

Water and human development (drinking water, sanitation) Essay

Water and human development (drinking water, sanitation) - Essay Example Most diseases causing deaths in developing countries are on sanitation. Diarrheal diseases such as typhoid, cholera, amoeba, and shigellosis among others are caused by poor water sanitation. Statistics show that 5000 children die every day as aresult of diarrheal diseases. This translates to every child dying in seventeen seconds. These death rates are because of inadequate sanitation and poor hygiene practices in developing countries. Poor sanitation has a direct link with economic growth of the country; A recent study shows that developing countries with improved sanitation achieved an annual economic growth of 3.7%, while on the other developing countries with poor sanitation, achieved only 0.7% economic growth (Chew 33). A sick society is unable to be effective in their work towards improving the economic status on their country. Most countries with water and sanitation problems spend most of their resources in treatment of diseases stemming from poor sanitation and poor hygiene practices. Accessible and affordable water is also essential in agricultural and livestock production. In the quest to reduce the disease burden stemming from poor sanitation, several institutions including states, non- governmental organizations and the private sector, have tried to come up with approaches to curb this. Kamar Kal invented an approach known as Community Lead Total Sanitation in his endeavour to promote sanitation and hygiene. The approach is based changing people’s behaviour toward achieving an Open Defecation Free society. Instead of building latrines for communities, it’s aimed at igniting change in communities through triggering.The approach uses shameful and disgusting examples, therefore,enabling people to realize the importance of an Open Defecation Free Society (Drew 76). Communities are also encouraged to use locally available materials to construct latrines. Since the invention of this method in Bangladesh,

Business design Essay Example | Topics and Well Written Essays - 500 words

Business design - Essay Example Success has many parents, and good design is only one of them. Good business is creating different designs to increase chances of success in the world. Poorly designed, dishonorable, destructive systems are the best human can do. This design serves as a platform for the future designing as they provide base for better designs. Human industry can be transformed through ecologically intelligent designs. Poorly designed sketches can be the roots of the industrial revolution. A poor designer may after creating a dishonorable design quit the work and admits failure. A failure of their imagination is the ultimate failure. Their work should be remarked â€Å"less bad† than â€Å"no good†. This is a very depressing vision of our role in the world. Instead of discouraging ourselves, we should enhance the sense of satisfaction and general well-being. This is how we might be able to play a more transformative role. Our energies and creativity needs to be appropriately scheduled and well directed. Less bad is good than to consider yourself as a failure or a loser. After continuous failure, we often avoid success by distorting our perception of the world outside. We humans need to feel good about ourselves. In order to progress and improve business, we need to make industry less destructive. World Business Council for Sustainable development (WBCSD) emphasized on eco-efficiency. It is based on the concept of creating more goods and services while using fewer resources and creating less waste and pollution. We can achieve eco-efficiency by providing goods and services that satisfy human needs and bring quality of life. It will progressively reduce environmental impacts of goods. Eco-efficiency includes a reduction in the material and energy intensity, reduced dispersion of waste and toxic materials, improved recyclability, maximum use of renewable resources, greater durability of products and increased service

Litature Essay Example | Topics and Well Written Essays - 1000 words

Litature - Essay Example American Revolution and the declaration of independence play a vital role in the process of identity formation and one can find the subterranean interrelation between American literature and American identity. Technologies and electronic developments affect the reading habit and it also influences the literature in America. American Renaissance is often considered as a hopeful movement that visualized America as the real descendant to the great western civilization. Renaissance which occurred in mid 19th century has paved the way for an overall change in American social as well as literary filed. During the periods of 1800 to 1870, most of the American masterpieces were produced. After a detailed analysis of the history of American literature one can see that after renaissance writers in America followed a new style or method of storytelling and versification. The expression of national spirit is another major characteristic of new American style. Current political and cultural sphere is filled with the evilness of terrorism and other types of crisis. One can feel that literature should illustrate or reflect the evilness and futility of terrorism and other regional polarizations. The exponents of transcendentalism have focused in a new culture based on native rudiments or ‘Americans’. American ideal of individual consciousness and actions is the most significant feature of American style. Ralph Waldo Emerson, one of the striking figures in Renaissance literature has given more emphasis on the philosophy of self reliance which represents the need for the individual to check most of all types of social customs and to change ideas by the commonly accepted standards and values of the community. Self- reliance, individualistic power, enthusiastic feelings about the fascination of power, superior human intelligence and the philosophy of action are visible in American writings during Renaissance period. All

Journal entry (economics topic) Essay Example | Topics and Well Written Essays - 250 words

Journal entry (economics topic) - Essay Example erefore, given that in times of economic crisis there is decreased tax revenue it became important to establish measures to resolve decreased revenues as a result of decline in profits, incomes, consumptions or increase in tax evasion (Ramona, Ionut, & Cristian, 2011). VAT has also increased its relevancy to bridge the gap that government have in national debt. VAT is administered effectively and has enabled some country reduce their national debt without raising the direct taxes on capital and labor (Ramona, Ionut, & Cristian, 2011). Therefore, VAT has been a powerful tool that enables economies address the macroeconomic issue such as unemployment and investment without disrupting the operation of a country. In conclusion, the government may increase or decrease the charge on VAT to address the economic crisis of the day rather than resulting to other measures to increase tax receipt. However, there are macroeconomic consequences with little severity compared to other alternative ways of raising revenue. VAT has become one the largest indirect tax and considered as a tax for the future. It is successful and does not burden one source only as it is shared among producers and users (Ramona, Ionut, & Cristian,

Civil Engineering Pesonal Statement Essay Example for Free

Civil Engineering Pesonal Statement Essay It was this quote by Theodore von Karman in my high school physics book that sparked my interest in engineering. Engineering allows for the designing and constructing of structures that most people could only dream of but they could not live without. From bridges spanning oceans to connect countries to artificial islands on which building complexes can provide housing for thousands of people. This notion is what made me want to become an engineer. I have always been interested mathematics and science since grade school, but it was in high school that my curiosity flourished when I joined an engineering program. There I learned about the different fields like electrical, structural, and robotics. But it was civil engineering that I pursued. Something that became evident when we were given the chance to build bridges from balsa wood which strengths would later be tested. Although my bridge was not the strongest, it was in the top five and the most aesthetically pleasing out of the twenty bridges that participated. That experience was enough to make me decide to pursue a career in civil engineering. Later when I entered college and began to take courses working towards my degree, I learned more about emerging new technologies which could benefit both the people and the planet alike. I am concerned about environmental issues which our world is currently facing and hope to use engineering to resolve these problems while also improving peoples lives. My mathematical skills also developed and I relish the opportunity of using these mathematical techniques to solve real-life problems. Studying further mathematics has proved more demanding than I anticipated, but I have found the extra challenge very rewarding. Furthermore, it has shown me the extent to which mathematics is ultimately present in every aspect of our lives. I am involved in extracurricular activities. In 2010 I joined Sigma Alpha Lambda a national leadership and honors organization and their local chapter. With them I have participated in Relay for Life and Food Fight Against Hunger. Two national initiatives aimed at fundraising and bringing awareness to cancer and hunger respectively. For Relay for Life I helped to decorate our team campsite according to the theme that year and for Food Fight Against Hunger I helped collect can foods as well as monetary donations. Outside of school I am also involved in my church. There I serve as a Sabbath School teacher for children in pre-K and kindergarten and as a general volunteer. My responsibilities range from helping the children learn songs to helping organize a blood drive, but also as a congregation we go visit elderly folks in a retirement home and volunteer at a shelter to feed the homeless on a monthly basis. Engineering offers us the chance to make the world a better, safer and more exciting place; this is what attracts me to the subject. I am confident that the challenges offered by civil engineering appeal to me and will inspire me to do great things. Engineering has always been fundamental in developing the world and is a field in which I would love to be involved.