Saturday, October 5, 2019
Ethical Dilemma In Marketing Assignment Example | Topics and Well Written Essays - 250 words
Ethical Dilemma In Marketing - Assignment Example This is a case of flaws in parts of its cars as it appears in After Ratings Drop, Ford Reworks Touch Screens Published: March 5, 2012 (http://www.nytimes.com/2012/03/06/business/after-ratings-drop-ford-reworks-touch-screens.html?_r=0) in The New York Times.This is an issue of ethical dilemma in marketing. Ford Motor Company has been a global firm that manufactures cars and has equally faced significant challenges including stiff competition. The most critical aspect of the problem it experiences involved realized flaws in some parts of its models. The company added touch-screen control systems to some of its most popular models as a way of meeting the demand of the customers. They also did this to gain the competitive advantage over other firms. However, with time, the customers noted significant inefficiencies with the system which was bound to affect the image of the company. Considering a number of resources Ford had invested in marketing and the intensity of surety and guarantee they gave clients. This put them in a dilemma to recall the cars or leave the customers to survive and make changes in the yet to be released ones. The customers felt disappointed and inconvenienced by the response of the system. This forced Ford motor company to decide between the two difficult alternative decisions. If they are to recall, they will incur huge losses and lose the confidence of the consumers. By leaving the customers in the dark will equally make it fairly difficult to boost the image of the firm.
Friday, October 4, 2019
Review Of Documentary Lifers Essay Example | Topics and Well Written Essays - 2500 words
Review Of Documentary Lifers - Essay Example à To shed some light on this issue, Channel 4 created a series of documentaries a few years ago that highlights and follows some of the prisoners serving what amounts to a life sentence at Gartree prison. The film itself is designed to give viewers a glimpse of the harsh reality of life behind bars, without any possibility of seeing freedom again on the other side. It provides a stark contrast between a society that believes in second chances, with the reality that such opportunities are not afforded to everyone, particularly those who have violated certain societal norms and mores that go against the grain of civilized society (Channel 40d 2012). à Through the depiction of various real life inmates, this documentary guides viewers towards a better understanding of the concept of having certain prisoners serve a life sentence, no matter what efforts they may make to better themselves behind bars. In the end, the documentary is masterful of not making a social judgment about the e fficacy of the UKââ¬â¢s policy of life imprisonment; rather, it leaves the choice up to the individual viewer as to rather or not the concept is beneficial or harmful to society as a whole.à This documentary, by and large, is effective because the prisoner themselves are afforded the opportunity to tell their stories. Some are truly regretful for their actions, while others express a feeling that their lives truly are over, resulting in a no fear attitude that pervades their existence in prison.
Thursday, October 3, 2019
Book Review on Imagining India Essay Example for Free
Book Review on Imagining India Essay Monday morning, it is chaos. Despite its pristine new metro and expanding highways, the city can barely contain the morning hubbub, the swarm of people all trying to get somewhere. By the time I reach Kaushik Basus homeââ¬âset a little apart from the highway, on a quiet street that is empty except for a single, lazy cow who stops in front of the car, in no hurry to moveââ¬âI am very late, a little grimy, but exhilarated. Kaushik and I chat about how the crowds in the city look completely different compared to, say, two decades ago. Then, you would see people lounging near tea shops, reading the morning paper late into the afternoon, puffing languorously at their beedis and generally shooting the breeze. But as India has changedââ¬â bursting forth as one of the worlds fastest-growing countriesââ¬âso has the scene on the street. And as Kaushik points out, it is this new restlessness, the hum and thrum of its people, that is the sound of Indias economic engine today. Kaushik is the author of a number of books on India and teaches economics at Cornell, and his take on Indias growthââ¬âof a country driven by human capitalââ¬âis now well accepted. Indias position as the worlds go-to destination for talent is hardly surprising; we may have been short on various things at various times, but we have always had plenty of people. The crowded tumult of our cities is something I experience every day as I navigate my way to our Bangalore office through a dense crowd that overflows from the footpaths and on to the roadââ¬âof software engineers waiting at bus stops, groups of women in colourful saris, on their way to their jobs 38 at the garment factories that line the road, men in construction hats heading towards the semi-completed highway. And then there are the people milling around the cars, hawking magaz ines and pirated versions of the latest best-sellers. * Looking around, I think that if people are the engine of Indias growth, our economy has only just begun to rev up. But to the demographic experts of the nineteenth and twentieth centuries, Indias population made the country quite simply a disaster of epic proportions. Paul Ehlrichs visit to Delhi in 1966 forms the opening of his book The Population Bomb, and his shock as he describes Indias crowds is palpable: People eating, people washing, people sleeping . . . people visiting, arguing and screaming . . . people clinging to buses . . . people, people, people. But in the last two decades, this depressing vision of Indias population as an overwhelming burden has been turned on its head. With growth, our human capital has emerged as a vibrant source of workers and consumers not just for India, but also for the global economy. But this change in our attitudes has not come easily. Since independence, India struggled for decades with policies that tried to put the lid on its surging population. It is only recently that the country has been able to look its billion in the eye and consider its advantages. MILLIONS ON AN ANTHILL For most of the twentieth century, people both within and outside India viewed us through a lens that was distinctly Malthusian. As a poor and extremely crowded part of the world, we seemed to vindicate Thomas Malthuss uniquely despondent visionââ¬âthat great population growth inevitably led to great famine and despair. The time that Thomas Malthus, writer, amateur economist and clergyman (the enduring term history gave him would be the gloomy parson), lived in may have greatly influenced his theory on population. Nineteenth-century England was seeing very high birth rates, with families having children by the bakers dozen. Malthusââ¬â who, as the second of eight children, was himself part of the population explosion he bemoanedââ¬âpredicted in his An Essay on *Tbe Alchemist, Liars Poker and (Tom Friedman would be delighted) The World Is Flat have been perennial favourites for Indian pirates. the Principle of Population that the unprecedented increases in population would lead to a cycle of famines, of epidemics, and sickly seasons. India in particular seemed to be speedily bearing down the path that Malthus predicted. On our shores, famine was a regular visitor. We endured thirty hunger famines* between 1770 and 1950ââ¬â plagues during which entire provinces saw a third of their population disappear, and the countryside was covered with the bleached bones of the millions dead.1 By the mid twentieth century, neo-Malthusian prophets were sounding the alarm on the disastrous population growth in India and China, and predicted that the impact of such growth would be felt around the world. Their apocalyptic scenarios helped justify draconian approaches to birth control. Policies recommending sterilization of the unfit and the disabled, and the killing of defective babies gained the air of respectable theory. 2 Indias increasing dependence on food aid from the developed world due to domestic shortages also fuelled the panic around its population growthââ¬âin 1960 India had consumed one-eighth of the United States total wheat production, and by 1966 this had grown to onefourth. Consequently, if you were an adult in the 1950s and 1960s and followed the news, it was entirely plausible to believe that the endgame for humanity was just round the corner; you may also have believed that this catastrophe was the making of some overly fecund Indians. Nehru, observing the hand-wringing, remarked that the Western world was getting frightened at the prospect of the masses of Asia becoming vaster and vaster, and swarming all over the place. And it is true that Indians of this generation had a cultural affinity for big families, even among the middle classââ¬âevery long holiday during my childhood was spent at my grandparents house with my cousins, and a family photo from that time has a hundred people crammed into the frame. Indian families were big enough to be your *Amartya Sen and others have pointed out, however, that while these famines may have seemed to be the consequence of a country that was both poor and overpopulated, they were in fact triggered partly by trade policies and the lack of infrastructure. Lord Lytton exported wheat from India at the height of the 1876-78 famine, and the lack of connectivity across the country affected transportation of grain to affected areas. Main social circleââ¬âmost people did not mingle extensively outside family weddings, celebrations and visits to each others homes. The growing global worries around our population growth created immense pressure on India to impose some sort of control on our birth rates, and we became the first developing country to initiate a family planning programme. But our early family planning policies had an unusual emphasis on self-control.3 In part this was influenced by leaders such as Gandhi, who preached abstinence; in an interesting departure from his usual policy of non-violence, he had said, Wives should fight off their husbands with force, if necessary. This focus on abstinence and self-restraint continued with independent Indias first health minister, Rajkumari Amrit Kaur, who was in the odd position of being at the helm of a family planning programme while opposing family planning in principle.4 As a result Indian policy during this decade emphasized the rhythm method. Rural India was targeted for raising awareness of the method, and one villager remarked of its success, They talked of the rhythm method to people who didnt know the calendar. Then they gave us rosaries of coloured beads . . . at night, people couldnt tell the red bead for dont from the green for go ahead. 5 Not surprisingly, Indias population continued to grow through the 1950s and 1960s, as fertility remained stubbornly high even while infant mortality and death rates fell rapidly. This was despite the massive awareness-building efforts around family planning that the government undertook. I still remember the small family songs on the radio and the walls of our cities, the sides of buses and trucks were papered with posters that featured happy (and small) cartoon families, and slogans like Us Two, Ours Two. And yet, each census release made it clear that our population numbers continued to relentlessly soar, and we despaired over a graph that was climbing too high, too fast. SNIP, SNIP As the global panic around population growth surged, the Indian and Chinese governments began executing white-knuckle measures of family planning in the 1960s. Our house is on fire, Dr S. Chandrasekhar, minister of health and family planning, said in 1968. If we focused more on sterilization, he added, We can get the blaze under control. By the 1970s, programmes and targets for sterilization of citizens were set up for Indian states. There was even a vasectomy clinic set up at the Victoria Terminus rail station in Bombay, to cater to the passenger traffic flowing through. 7 But no matter how Indian governments tried to promote sterilization with incentives and sops, the number of people willing to undergo the procedure did not go up. Indias poor wanted childrenââ¬âand especially sonsââ¬âas economic security. State efforts to persuade citizens into sterilization backfired in unexpected waysââ¬âas when many people across rural India refused to have the anti-tuberculosis BCG, Bacillus Calmette-Guerin, injections because of a rumour that BCG stood for birth control government.8 In 1975, however, Indira Gandhi announced the Emergency, which suspended democratic rights and elections and endowed her with new powers of persuasion, so to speak. The Indian government morphed into a frighteningly sycophantic group, there to do the bidding of the prime minister and her son Sanjayââ¬âthe same hotheaded young man who had described the Cabinet ministers as ignorant buffoons, thought his mother a ditherer and regarded the Philippines dictator Ferdinand Marcos his role model.9 In the winter of 1976, I, along with some of my fellow IIT Bombay students, had arrived on the festival circuit in Delhi to participate in the student debates and quizzes (yes, I was an inveterate nerd). It meant going from college to college for competitions, from Hindu to St Stephens to Miranda House to IIT Delhi. Most of us from the sylvan, secluded campus of IIT Bombay were not as politically aware as the Delhi studentsââ¬âthe only elections we followed were those for the ITT hostels and student body. But in the Delhi of the Emergency years, sitting around campfires, one heard the whispered tales of Emergency-era atrocities, and of one particular outrageââ¬ânasbandi. Sanjay, who had discovered a taste and talent for authoritarianism with the Emergency, had made sterilizationââ¬âspecifically male sterilization or nasbandiââ¬â his pet project. The sterilization measures that were introduced came to be known as the Sanjay Effectââ¬âa combination, as the demographer Ashish Bose put it to me, of coercion, cruelty, corruption and cooked figures. Ashish notes that incentives to undergo the sterilization procedure included laws that required a sterilization certificate before government permits and rural credit could be granted. Children of parents with more than three children found that schools refused them admission, and prisoners did not get parole until they went under the knife. And some government departments persuaded their more reluctant employees to undergo the procedure by threatening them with charges of embezzlement.* The steep sterilization targets for state governments meant that people were often rounded up like sheep and take n to family planning clinics. For instance, one journalist witnessed municipal police in the small town of Barsi, Maharashtra, dragging several hundred peasants visiting Barsi on market day off the streets. They drove these men in two garbage trucks to the local family planning clinic, where beefy orderlies held them down while they were given vasectomies.10 This scene repeated itself time and again, across the country. It was difficult to trust the sterlization figures the government released since there was so much pressure on the states for results. Nevertheless, the Emergency-era sterilization programme, Ashish notes, may have achieved nearly two-thirds of its targetââ¬âeight million sterilizations. But democracy soon hit back with a stunning blow. When Indira Gandhi called for elections in 1977ââ¬âignoring Sanjays protests, much to his ire11ââ¬âthe Congress was immediately tossed out of power. The nasbandi programme was the last gasp of coercive family planning in India on a large scale, and it became political suicide to implement similar policies. The Janata Party government that followed Indira even changed the label of the programme to avoid the stigma it carried, and family planning became family welfare. While sterilization programmes have occasionally reappeared across states, they have been mostly voluntary, with the focus on incentives to undergo the procedure, f *Asoka Bandarage describes the target fever in Indias sterilization programmes, which gave rise to speed doctors who competed against each other to perform the most number of operations every day, often under ghastly, unhygienic conditions. One celebrated figure was the Indian gynaecologist P.V. Mehta, who entered the Guinness Book of World Records for sterilizing more than 350,000 people in a decadeââ¬âhe claimed that he could perform forty sterilizations in an hour. tThese sweeteners for the procedure have at times been very strange and a little suspect, such as Uttar Pradeshs guns for sterilisation policy in 2004, under which scheme Indians purchasing firearms or seeking gun licences were told they would be fast-tracked if they could round up volunteers for sterilization. A district in Madhya Pradesh also made a similar guns for vasectomies offer to its residents in 2008.
Wednesday, October 2, 2019
Properties of Heat and Temperature
Properties of Heat and Temperature Heat is the transfer of energy from one body to another due to the difference in temperature between the two. A hotter object placed next to a cooler object will always transfer heat from itself into the cooler object, until both objects are of equal temperature. For example, when we place ice cubes in hot water, the heat from the hot water transfers to the ice cubes. This transfer of heat energy will continue until equilibrium is reached between the hot water and the ice. Heat is a measure of the internal energy that has been absorbed or transferred from one body to another. It is not conserved; it can be either created or destroyed. There are two general ways that heating can occur: from a temperature difference, with energy moving from the region of higher temperature, and from an object gaining energy by way of an energy-form conversion. The SI unit of heat is theà joule. The metric unit of heat is called the calorie (cal), which is defined as the amount of heat required to raise the temperature of one gram of water from 14.5oC to 15.5oC. The English systems measure of heating is called the British thermal unit (Btu), which is the amount of heat needed to increase the temperature of 1 pound of water 1 degree Fahrenheit. Some examples of heat energy are: chemical energy from the foods is converted into heating our bodies; light from the sun is converted to heat as the suns rays warm the earths surface; energy from friction creates heat, like when we rub our hands; in light bulbs, electrical energy is converted into heat energy, etc. What is temperature? Temperature is a degree of hotness or coldness of a body. For example, a hot oven is said to have a high temperature, and the ice is said to have low temperature. Temperature is the measure of the average kinetic energy of the particles, atoms or molecules, making up a substance. Temperature can be measured using a thermometer. It is measured in degrees on the Fahrenheit, Celsius, and Kelvin scales. What is the relationship between heat and temperature? Heat and temperature is not the same thing, but there is a relationship between them. When heat is introduced to a certain substance, its molecules start moving faster and collide with one another, which produce more heat and the temperature of the substance goes up. This implies that heat introduced to a substance, changes the temperature of the body. This relationship between heat and temperature can be explained by a property called specific heat,à c, which is defined as the amount of heat needed to increase the temperature of 1 gram of a substance 1 degree Celsius. Whereà Qà is the amount of heat needed,à mà is the mass of the material,à cà is the specific heat of the material, and ÃâTà is the change in temperature. From the above equation, the amount of heat needed is proportional to the temperature change, which means more heat will be needed to raise the temperature of the cool water and less heat will be needed to raise the temperature of the warm tea. How are they different? Heat and temperature are most definitely linked one another, but they are not same. Heat is the measure based on total internal energy, internal kinetic energy and internal potential energy, of the molecules of an object, whereas temperature is a measure of the degree of hotness and coldness of an object, a measure that is based on the average molecular kinetic energy. Heat is measured in joules (J) or calories (cal.) and temperature is measured in degrees on the Fahrenheit, Celsius, and Kelvin scales. Heat is an extensive property, while temperature is an intensive property. Heat depends on mass or quantity of the substance, whereas temperature does not depend on the quantity of matter. For example, if the boiling temperature of water is 100à °C, it will remain the same whether we boil one liter or 50 liters of water. But the amount of heat generated when we boil 1 liter of water is less as compared to heat generated when 50 liters of water is boiled to 100à °C. What are the various properties of a substance that determine its heat capacity? The heat capacity is the quantity of heat needed to raise the temperature of a substance by one degree Celsius. It is a measure of how much heat the object must gain or lose to change its temperature by a given amount. The SI unit for heat capacity is J/K (joule per Kelvin). In the English system, its units are British thermal units per pound per degree Fahrenheit (Btu/oF). The heat capacity differs from substance to substance. The amount of substance is directly proportional to the heat capacity. This means the amount of a substance (mass) determines its heat capacity; the more quantity of a substance or the greater the mass, more heat it would gain or lose to change its temperature by 1C. For example, it would take more heat to warm the pitcher of water by 1C than to warm a cup of water by 1C. The heat capacity also depends on the nature or type of material of which the object is composed; different materials require different amounts of heat gain or heat loss to change their temperature by 1à °C, even if they have the same masses. For example, it takes 1 calorie of sunlight to warm 1g of water 1à °C, whereas, it only takes 0.2 calories to change the temperature of 1g of soil by 1C Heat capacity might depend on the temperature of the object or the atmospheric pressure. For a gas, heat capacity would depend on whether pressure was being held constant during the heat gain or loss, or whether the volume was held constant, or neither.
In Style :: Dialogue Essays
The following is an excerpt of a conversation that occurred between our staff writer and Senior English Education major, one day prior to the due date of the final paper for EN 220 - Expository Writing. I: Here it is, one day before the final paper is due for Expository Writing, have you given any thought to what you would like to address? T: The final paper (said with a chuckle). Somehow it always seems to feel like this is the one that should say it all. Even after four plus years of college, I haven't the foggiest as to how such expectations arise. It always amazes me how expect all of the thoughts I have wrestled with for an entire quarter to suddenly appear in one beautiful paper full of flowing ideas and logical thought. And all this with little or no effort on my behalf, of course. But, realistically, I guess its time I get down to business. I: So, what exactly is it that you would like to say? T: I know I want to focus on the change that I've seen within my own style throughout this quarter, because it has definitely undergone some changes and mostly for the better, I might add. Our assignment is to uncover our identity as it appears within our writing and the relationship that exists between our writing and ourselves. This feels like a loaded topic, and I've struggled to determine just how I plan to tackle it. I: Have you discovered that plan yet? T: Not really (and another chuckle). No, just kidding. I think I have an approach. I guess I figure there's no better place to start than at the beginning. I: So where is the beginning? T: To truly start at the beginning, I'd have to go all the way back to the minute I was born, 'cause I really feel that everyone I've met and everything I've done have contributed to my style in some way or another. But, I'll spare you that story, and cut to the abridged version. I: The abridged version? T: Yeah, instead of giving you the whole detailed story, I'll try to pick out the most important parts. Actually, maybe I'll just focus on this quarter in particular. It will narrow it down a bit more. We're supposed to take a good look at our first paper for Expository and determine how our views have changed seen since then.
Tuesday, October 1, 2019
The Watergate Complex :: American History Papers
The Watergate Complex "The Watergate Complex is a series of modern buildings with balconies that looks like filed down Shark's Teeth" (Gold, 1). Located on the Potomac River in Washington, D.C. it contains many hotel rooms and offices. What happened in the complex on June 17, 1972 early in the morning became a very historical event for our nation that no one will ever forget. The "Watergate Scandal and constitutional crisis that began on June 17, 1972 with the arrest of five burglars who broke into the Democratic National Committee (DMC) headquarters at the Watergate office building in Washington D.C. It ended with the registration of President Richard M. Nixon on August 9, 1974. (Watergate) At approximately 2:30 in the morning of June 17, 1972 five men were arrested at the Watergate Complex. The police seized a walkie talkie, 40 rolls of unexposed film, two 35 millimeter cameras, lock picks, pensized teargas guns, and bugging devices. (Gold, 75) These five men and two co-plotters were indicated in September 1972 on charges of burglary, conspiracy and wire tapping. Four months later they were convicted and sentenced to prison terms by District Court Judge John J. Sercia was convinced that relevant details had not been unveiled during the trial and offered leniency in exchanged for further information. As it became increasingly evident that the Watergate burglars were tied closely to the Central Intelligence Agency and the Committee to re-elect the president. (Watergate) Four of these men, that were arrested on the morning of June 17, 1972, came from Miami, Florida. They were Bernard L. Barker, Frank A. Sturgis, Virgillio R. Gonzalez, and Eugenio R. Martinez. The other man was from Rockville, Maryland named James W. McCord, Jr. The two co-plotters were G. Gordon Liddy and E. Howard Hunt. (Watergate) The senate established and investigative committee headed by Senate Sam Ervin, Jr., to look into the growing scandal. As they were investigating, they related that the famous break-in was far more involved than what everyone had expected. (Watergate) The White Houses involvement of that morning first became evident when James McCord wrote a letter to Judge Sirca. In this letter McCord explained that he wanted to disclose the details of Watergate. He made it apparent that he would not speak to a Justice department official of an FBI agent. Although his letter did unveil details, it made server chargers. McCord justified that "Political pressure" (Westerfled 36) had generated many defendants to plead guilty and remain silent. He also claimed that there had been whiteness at the trail who had committed perjury in order to
Overview of Accounting Essay
The audiences of financial statements and managerial reports include the shareholders, employees, prospective employees, customers, suppliers, the government, the stock exchanges, investors, lenders and the public at large. What is important is that each audience has a different perspective in reading the financial statements and managerial reports. For example, a lender would like to know the leverage of the company, if it has the capacity to service debt and if the loans to the company would be well secured. There are several purposes served in preparing financial statements and managerial reports. The financial statements are designed to show its audience, the companies finances, that is how the company got its finances, what it was used for and where is it being currently used (Luecke, R. 2002). For this purpose there are four main financial statements that is the income statement, the cash flow statement, the balance sheet and the statement of shareholders equity. In general an income statement has the purpose of showing how much revenue a company earned in a period of time, the balance sheet shows the companyââ¬â¢s assets, liabilities and shareholders equity, the cash flow statement shows the inflow and outflow of cash and the purpose of the statement of shareholders equity is to show changes in the ownership of companyââ¬â¢s shareholders over a period of time. The nature of the income statement is in the form of a report that shows the costs and expenses that the businesses incurs in order to earn its revenue. It gives the net earnings of the company. The nature of balance is such that it provides point wise information about the assets, liabilities and shareholders equity. The nature of a businesses balance sheet is such that it is set up like the basic accounting equation. Usually on the left hand side the companies list the assets and on the right hand side they list their liabilities with the shareholdersââ¬â¢ interest at the bottom. This arrangement differs from country to country. For instance, in some countries the assets are listed on the right hand side. However, the basic nature of the balance sheet remains the same. The nature of the cash flow statement is such that it can inform its audience if the business generated cash or not. The cash flow statement is a report that shows cash changes over time instead of exact currency amounts at a point in time. It simply uses and rearranges information from the balance sheet and income statement of the business. The most important report that is issued by the management of a company is the annual report (Stittle, J. 2003). The nature of this report is such that it has detailed financial and business information required by law of the country in which the company is registered, modern annual reports have impressive pictures and stories that eulogize the companyââ¬â¢s performance in the past year. The information contained in this report can help the audience make informed and ethical decisions. In the USA the SEC requires that the audited annual report be sent to every shareholder at the end of the year. In this the management comments about the future. Form 10-K required to be filled in the USA ha more detailed financial information. The companyââ¬â¢s financial performance is described in a section of the quarterly or annual report that is called ââ¬Å"Managementââ¬â¢s Discussion and Analysis of Financial Condition and Results of Operation,â⬠In this section of the Annual Report the management describes its own understanding of the financial condition of the company. The management in this section of the annual or quarterly report describes what it understands of the current financial condition of the business. It also gives its view of the relevant trends and challenges that the business faces. This allows the audience to see the financial condition of the business from the perspective of management and allows the audience to make informed and ethical decisions. In other words it provides the audiences the background that is required to study and understand the financial statements. Financial accounting information can be used in making informed and ethical business decisions. How? The income statement shows the earning per share, a calculation that tells you how much you as a shareholder would receive if the company distributed all its earnings. This allows you to make an invest/ non invest decision. Giving more information about the financial health of the company is the cash flow statement. It divides cash flow into flows from operating activities, investing activities and financing activities. This informs not only the investors but also the management, employees, suppliers and customers about the source of cash for the company and allows them to make better decisions. The footnotes of the reports give important information that helps make efficient and ethical decisions. The footnotes refer to stock options, pension plans, income taxes and important accounting policies and practices. For example, a company may be showing an inflated profit figure because its accounting practices have changed but reading the footnotes helps the audiences make better decisions and ethical decisions with regards to the company. To make ethical and informed decisions it is important to read between the lines of these reports. How is this accomplished? By doing ratio analysis! Commonly the ratios that are examined are debt-to-equity ratio, inventory turnover ratio, operating margin ratio, P/E ratio and working capital. Consider this, well before the Enron scam exploded; several investors were able to smell by examining the ratios that something was wrong with the company. They decided to sell off their stocks and avoided losses. To sum, the intention of the financial statements and management report is to inform the different stakeholders of a business. If these statements are carefully analyzed and understood they help these stakeholders make an informed and ethical decisions.
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