Saturday, December 28, 2019

Discrimination And Sexual Harassment And Affirmative Action

Discrimination and Sexual Harassment Most companies engage in some type of affirmative action policy. Affirmative actions are policies that are placed to engage in the improvement of underprivileged groups who either currently suffer or have historically suffered from discrimination and equality of opportunity. During our lecture, Dr. Kallfelz stated that affirmative action is a, â€Å"Proactive policy with primary immediate attempt to reform (and long term attempt to prevent and deter) socioeconomically discriminatory practices.† This implies that moral equals should be treated equally. Affirmative action is the outcome of the 1960s Civil Rights Movement, intended to provide equal opportunities to women and minority groups in education and employment. Therefore, companies use affirmative action to secure equality throughout the organization. The policy is broken down into two categories: strong affirmative action (SAA) and weak affirmative action (WAA). Society looks at strong affirmative action is on the legal aspect of affirmative action. An example would be some type of written, legal policy or procedures that are put in place to report inequality. On the other hand, weak affirmative action is more social. This would be considered social aspects of raising awareness in a company or organization. For example, inservice programs, training, sexual harassment exams, public speakers, etc. would be forms of weak affirmative actions. But Dr. Kallfelz breaks the two views down into aShow MoreRelatedSexual Harassment And A Zero Tolerance Policy865 Words   |  4 PagesSexual Harassment Wills Incorporated prohibit sexual harassment and maintains a zero tolerance policy. Management will discipline and fire anyone found guilty of sexual harassment. Sexual harassment is any or combination of the following: an objectionable, coercive or lewd comment of a sexual nature to a person or persons, that is known or unwelcomed; actions or communications with a sexual connotation that create an intimidating, demeaning, or offensive work environment; an unwanted sexual requestRead MoreLeveling The Playing Field?1479 Words   |  6 Pagesthe Playing Field The term Affirmative Action had very little meaning for the average American years ago. Affirmative action has been described as actions or steps an organization must take to show that it is not showing or fostering any kind of discrimination. It provides qualified people with the same access to educational and professional opportunities that would otherwise have been denied them if they were fully qualified. Through out the years the affirmative action has adapted to the times andRead MoreDiscrimination And Discrimination Within The Workplace1633 Words   |  7 PagesEmployment Policy. Affirmative action will be taken to assure that employees and applicants enjoy equal employment opportunity. Discrimination or harassment by any supervisory or non-supervisory employee based upon the protected conditions or characteristics listed above or any other legally-protected condition or characteristic is a violation of the Code of Conduct. An employee or applicant, who believes that he or she has been the subject of such discrimination or harassment, should promptly reportRead MoreAunt Ellas Pie Company Case Study1255 Words   |  6 Pagesresulting in best practice. The EEOC is responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person s race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information (U.S. EEOC, 2014). Therefore, Human Resource Manager (HRM) has the task of ensuring the business complies with business legal laws and avoiding lawsuits. IntroductionRead MoreSelecting The Right Candidate For The Job Essay1547 Words   |  7 Pagesdefinition of a good performer, and what competencies like skills, knowledge and attitudes would be necessary to achieve that. Two of the employment laws which must be considered are specifically focused on the issues of discrimination and harassment. Charges of discrimination in hiring are serious issues for employers, and as an interviewer, one undertakes tremendous responsibility in representing the organization properly. Different countries around the world have different laws on legality inRead MoreSexual Harassment Essay935 Words   |  4 PagesSexual Harassment comes in many forms and weather spoken, verbal, written or the behavior itself, it makes the person uncomfortable and the end results is all same, Sexual Harassment is unwelcome and unwanted behavior. Sexual Harassment discrimination is illegal. It is the employer obligation to make sure their organization and employees have protection from discrimination. This paper will show that Jacksonville shipyard acted unethically by failing to protect one of their employees Lois RobinsonRead More1. The two major Supreme Court decisions need to be identified, which are related to student to1300 Words   |  6 Pagesare related to student to student sexual harassment. Gebser v. Lago Vista Independent School District sets the standard under Title IX in which an institution could be held liable for sexual harassment. However, this particular case only addressed faculty to student sexual harassment. The Supreme Court did use Davis v. Monroe County Board of Education to clarify whether the standards set in Gebser apply to harassment cases regarding student to student harassment. The court ruled that the standardsRead MoreEssay on Jacksonville Shipyards1350 Words   |  6 PagesBusiness Ethics-BUS290 February 24, 2008 Abstract Sexual misconduct in the workplace has been a problem for women and in recent year’s men as well. Unfortunately, in the past this topic was overlooked until the case of Meritor Savings v. Vinson. We will establish the criteria for determining when unwelcome conduct of sexual nature constitutes harassment according to Title VII. Additionally, we will ascertain how to evaluate evidence of harassment, whether a work environment is sexually antagonisticRead MoreHarrassment Is an Example of Discrinimation in Employment Essay example821 Words   |  4 PagesJob Discrimination by definition is the practice of using an individuals race, color, national origin, sex, or religion to make employment decisions related to hiring, firing, compensation, evaluations, promotions, and training. There is a lot of discrimination in employment and the example of discrimination that occur is Harassment. Harassment Sexual harassment is one of the most heard in the workplace and usually it occur when employees are subjected to unwanted and unwelcome treatment due toRead MoreChapter 3: Equal Employment Opportunity Human Resources Management963 Words   |  4 PagesSuitable defense against a discrimination charge only where age, religion, sex, or national origin is an actual qualification for performing the job. †¢ Business Necessity: Work-related practice that is necessary to the safe and efficient operation of an organization. †¢ Fair Employment Practices: State and local laws governing equal employment opportunity that are often more comprehensive than federal laws. †¢ Sexual Harassment: Unwelcome advances, requests for sexual favors, and other verbal or

Friday, December 20, 2019

Why Not Community College Essay - 1094 Words

Although 2010 was not by definition, a recession year, it certainly felt like one. The growth of the economy was stifled, unemployment was stagnated at a little less than ten percent and interest rates and inflation were at near depression levels by year’s end. The state of the economy unequivocally influences tax collections and budgets, which in turn determines the financial prosperity of higher education, especially in the public sector. The two main sources of revenue for public colleges and universities are state appropriations and tuition. Generally, as cuts to higher education appropriations occur, campuses respond by boosting tuitions even higher. Yet, regardless of the size of the budget cuts, college and university tuitions†¦show more content†¦For the fall semester of 2011, the two largest universities in Florida, University of Central Florida and University of Florida, intended on augmenting tuition costs 15%. For a student anticipating enrollment at the University of Central Florida, â€Å"that would mean an extra $17 per credit hour — or more than $300 more a semester for an 18-hour course load† (Balona). Consequently, the absurd college and university tuition hikes have forced many prospective college bound students to shift gears on the journey to receiving their degree. In fact, many students have opted to start their college careers at a community college. Community colleges are designed to serve as a connection from high school to college by providing courses that are transferable to colleges or universities offering a Bachelor of Arts or Bachelor of Science degree and are generally more cost efficient. CNN Money journalist, Kim Clark reports that, â€Å"While community college tuition posted a sharp 8.7% gain, its still a bargain: only about $3,000 a year for full-time tuition† (Clark). Clark also suggests that due to recent increases in federal grants and tax benefits, the average total aid was raised above the average tuition price of community colleges, therefore, â€Å"the typical community college student got the cost ofShow MoreRelatedEducation College Students Face A Very Long Road For Graduation919 Words   |  4 Pagespeople have to face and during their college life, it is hard for students to manage money for tuition fees, bills, and for the food and shelter. â€Å"Community College Students Face a Very Long Road to Graduation† is an article written by Ginia Bellafante and published by The New York Time on October 3, 2014. In the article, Bellafante has written about the LaGurdia Community College student, Vladimir de Jesus academic life and also talks about why Community Colleges have low graduation rate. VladimirRead MoreGraduation Speech : Is College For Me?890 Words   |  4 PagesThe topic of college is pushed on to high school students throughout all four years of high school or may have even been brought up before then for some students. Now, not only do students have to worry about getting good grades and staying active and involved but now they have to think about college also. There are so many questions that people have to ask themselves when speculating the idea of college. Is college for me? What do I want to study? One big question that stumps students is the decisionRead MoreEducation College Students : An Article By Ginia Bellafante And Published By The New York Time980 Words   |  4 Pagespeople have to face and during their college life. It is hard for students to manage money for tuition fees, bills, and for the food and shelter. â€Å"Community College Students Face a Very Long Road to Graduation† is an article written by Ginia Bellafante and published b y The New York Time on October 3, 2014. In the article, the author has written about the LaGurdia Community College student, Vladimir de Jesus academic life and also talks about why Community College have low graduation rate. VladimirRead MoreCollege For The Masses By David Leonhardt933 Words   |  4 Pagesâ€Å"College for the Masses† by David Leonhardt is a great article that displays the many benefits among lower-income students attending a four year college. â€Å"Why Poor Students Struggle† by Vicki Madden displays many examples from hers and her colleagues experiences while providing statistics of the lower-income joining a four year college. The two articles both display the benefits of attending a four year college and that the education pays off. David’s article talked about the different educationRead MoreSummary And Response Of Community College947 Words   |  4 Pagesschool, students have the tendency to think that community college is something that is bad. In â€Å"Confessions Of A Girl Who Was ‘Too Smart For Community College’,† Chelsea Fagan talks about how in school, she had a hard time in school with her grades and how her school showed off k ids that went to college on a bulletin board. She tried everything to avoid going to a community college. Only for the reason that there was a â€Å"stigma† on how community colleges are mostly frowned upon or even laughed at (Fagan)Read MoreCollege Speech : Does College Make A Difference? Essay950 Words   |  4 PagesDemetria Magazine Ms. Milliner EES21QH:02 26 September 2016 College Interview: Does college make a difference? Our whole lives we are told education is the most important thing. We are told we must go to college in order to be successful. These are the expectations people have of us. After we graduate High School we are expected to go to college. College is supposed to be the goal that everyone wants to achieve. College is an institution of higher learning where you gain life skills and skillsRead MoreThe Issue Of Borrowing Money931 Words   |  4 PagesUS$100,000 to accomplish their goals in completing college and getting an education. As I went over several articles based on college students facing financial issues, I came to realize that I have to be careful. I could easily end up as a student who is still paying their debts in their late forties. If you were to ask me if I think paying a substantial amount for school is worth it, I would say no. I do not think it is fair that most community college students have to borrow money because they do notRead MoreCommunity College And High Schoo l1598 Words   |  7 Pages Introduction At some point in the life of a high school student, community college becomes an option when applying to colleges. In some cases for those looking to further their education past high school it is still an option, even to students who are already in college. However, not everyone is able to see the benefits of attending a community college. Somehow in the past millennia, community college somehow gained the reputation of being a punishment for things such as having bad grades in highRead MoreTo The Many Students That Annually Graduated From An American1263 Words   |  6 Pagesbest day of their life. Why? Well, because in the United States obtaining a high school diploma is one step further to reaching the American Dream. The education system in America starting from elementary school to high school, inculcated in the minds of our future generation the importance of college that without college an individual cannot be successful. However, society changes and this ideology is still p resent. But was has changed is the accessibility to go to college, more and more it is difficultRead MoreCritical Analysis : Senior Year1320 Words   |  6 Pages2016 Throughout the pass centuries college has been a controversial issue all around the world. â€Å"Will you go to college, which college will you attend and why,† are questions that seem to attack all of high school seniors. Senior year is one of the most important years of the high school journey. Why? Well, because it is in your last year of high school where you probably make one of your most important decisions: choosing a college that fits your needs. College is the one word that makes all students

Wednesday, December 11, 2019

EMU Electronics- Report for Emu Firmware manufacturers & suppliers

Question: Describe the Report for Emu Electronics as an Electronics Manufacturer. Answer: Part A Introduction The case is about Emu Electronics which is situated in Box Hill, Victoria. The company was founded more than 50 years ago and it used to repair radio and other household appliances. The company has grown over the years and is a specialty dealer in electronics item. At present the major revenue source of the company is smart phone. The company has designed a new smart phone with all existing features and built in Wifi tethering facility. For the development of this phone the company has invested 750000 in development of the prototype of the new smart phone. Emu has also spent 200000 for marketing study so that they are able to forecast the demand of the new smart phone being launched. The company has also calculated the variable cost and fixed cost that will be incurred in running the operation of the manufacturing facility which will produce the new smart phones. Shelly Chan is the current managing director of the company and she has inherited the company from her father. She wants t o calculate the various parameters involved in capital budgeting of the company so that she can take decision about the project and how to reduce the costs to increase efficiency and profit of the organization. Analysis The Emu electronics wants to calculate the various parameters involved in capital budgeting of the company. Capital budgeting is a technique used by the companies to estimate whether the investments made in the project will be able to provide returns to the investors. It takes into account all the cash flow from the various revenue sources in the future and all possible expenditure to estimate the profit from the investment. The expenditure includes investment in property, equipment, market study and research and development. These are also called capital expenditure. The cash flow from the various revenue sources in the future are discounted using the discount rate to calculate the present value of the earnings in the future. The discount rate of the project depends upon the financial risk involved in the project. The company tries to minimize the financial risk involved in the project by using different ratios of debt and equity while financing the project. The ratio of debt and equity is maintained such that the risk is minimized and overall profit to the company increases. The main objective of any project under taken by a company is to maximize profit for the shareholders. The profit can be maximized by reducing cost or increasing revenue from the project. In this case, the source of revenue is by sales of smart phones and the expenses each year is due to the variable cost involved in manufacturing smart phone and the initial investment is for the purchase of the equipment required for manufacturing the smart phones. Thus in the year 0, the company makes the investment of 34.5 million for the equipment cost. The Research and development cost of 750000 and the marketing cost of 200000 is sunk cost and hence not a part of the capital expenditure. Depreciation is calculated using straight line method for 7 years and the salvage value is 0. However at the end of the 5 years, an amount of 5500000 can be received for the equipment. Thus depreciation = (34.5 0)/ 7 = 4.928 million In the first year, The number of mobile units sold = 64000 Price of the smart phone = 485 Thus revenue earned = Units sold* Unit selling price = 106000* 485 = 31040000 Variable cost per unit = 205 Thus total variable cost = Units sold* Unit variable price = 205* 64000 = 13120000 Fixed cost each year for operation of plant = 5100000 Thus net profit = Revenue variable cost fixed cost = 31040000 13120000 5100000 = 12820000 EBIT = Net profit Depreciation = 12820000 4928571 = 7891429 Tax = 30% of EBIT = 30% * 7891429 = 2367429 Profit before tax = 7891429 2367429 = 5524000 Working capital = 20% of revenue = 20% * 31040000 = 6208000 Change in working capital = working capital (year 1) - working capital (year 0) = 6208000 0 = 6208000 Capital expenditure in year 1 = 0 Free cash flow = Profit before tax + Depreciation Change in working capital capital expenditure Thus in year 1, Free cash flow = 5524000 + 4928571 6208000 0 = 4244571 Discount rate = 12% Present value = Free cash flow/ (1 + r)^n = 4244571/ (1 + 0.12)^1 = 3789796 Similarly, the values for other years are calculated. The table of all the values for the next 5 years is given below. Year 0 1 2 3 4 5 Units sold 64000 106000 87000 78000 54000 Selling Price 485 485 485 485 485 Revenue 31040000 51410000 42195000 37830000 26190000 Variable cost/ unit 205 205 205 205 205 Total Variable cost 13120000 21730000 17835000 15990000 11070000 Fixed cost 5100000 5100000 5100000 5100000 5100000 Net Profit 12820000 24580000 19260000 16740000 10020000 Depreciation 4928571 4928571 4928571 4928571 4928571 EBIT 7891429 19651429 14331429 11811429 5091429 Tax 2367429 5895429 4299429 3543429 1527429 PBT 5524000 13756000 10032000 8268000 3564000 Working Capital 6208000 10282000 8439000 7566000 0 Change in Working capital 6208000 4074000 -1843000 -873000 -7566000 Capital Expenditure 34500000 -5500000 Free cash flow -34500000 4244571 14610571 16803571 14069571 21558571 Present value -34500000 3789796 11647458 11960450 8941467 12232912 Cumulative Present Value -34500000 -30710204 -19062746 -7102296 1839171 14072084 1. The payback period is defined as the amount of time required by the company to recover the investment it has made in the project using the revenue generated from the project. Payback period helps manager to decide whether or not they want to accept the project. A project is accepted by the management if the payback period calculated is less than the targeted payback period i.e. the amount of time required by the company to recover the initial investment is less than the expected amount of time by the management. (Investopedia, Payback Period, 2011) In this case, the initial investment is 34.5 million and the revenue is generated from sales of the smart phones. Payback period = Investment/ Sum of cash flows till break even = 34500000 / (4244571 + 14610571 + 16803571) = 2.90 years A drawback of using Payback period for determining acceptability or rejection of a project is that Payback period does not take into account time value of money and can lead to inaccurate decisions. 2. Profitability index is defined as the ratio of the present value of all the future cash flow and the investment made initially in the project. It is also used to help managers decide whether or not they want to accept the project. A project is accepted by the management if the Profitability index calculated is more than 1 and is rejected if the Profitability index calculated is less than 1. In this case, the Profitability index = Sum of the present value of all the free cash flows / Initial Investment = 47572084/ 34500000 = 1.40 The Profitability index calculated is more than 1. Hence the project can be accepted. 3. Internal rate of return is defined as the discount rate at which the net present value of all the future cash flow for a project becomes zero. It is also used to help managers decide whether or not they want to accept the project. A project is accepted by the management if the Internal rate of return calculated is more than targeted rate of return and is rejected if the Internal rate of return calculated is less than targeted rate of return. (Investopedia, 2013) In this case, Internal rate of return r then NPV = = 0 Thus calculating we get r = 24.6% 4. Net Present Value (NPV) is defined as the net present value of all the future cash flow for a project obtained by discounting all the future cash flow at the discount rate. It is also used to help managers decide whether or not they want to accept the project. A project is accepted by the management if the Net Present Value calculated is more than 0 and is rejected if the Net Present Value calculated is less than 0. (Investopedia, 2011) In this case, NPV = , where F0 is the initial investment = 14072083.64 The advantage of using the Net Present Value is that NPV takes in to account all the future cash flows and time value of money. Also it helps the management understand the amount of money the project is going to generate for them. However the disadvantage of using NPV is that it does not takes into account the initial investment required for the project. It assumes that the company will be able to get funds for starting the project which is not always feasible. Also NPV is affected highly by the future cash flows, tax rate, etc. which makes it fluctuate too much due to small changes in the variables. 5. To test the sensitivity of the NPV to the changes in selling price, we had two approaches: optimistic where we increased the selling price by 5% and pessimistic where we decreased the selling price by 5%. When the selling price is increased by 5%, the new selling price = 485 * 1.05 = 509.25 Thus calculating the NPV, we get, NPV (optimistic) = 18757736 When the selling price is decreased by 5%, the new selling price = 485* 0.95 = 460.75 Thus calculating the NPV, we get, NPV (pessimistic) = 9386431 (Investopedia, 2011) 6. To test the sensitivity of the NPV to the changes in quantity, we had two approaches: optimistic where we increased the quantity by 5% and pessimistic where we decreased the quantity by 5%. When the quantity is increased by 5%, the quantity for 1st year = 64000* 1.05 = 67200 Similarly for other years quantity is calculated. Thus calculating the NPV, we get, NPV (optimistic) = 167217102 When the quantity is decreased by 5%, the new quantity for 1st year = 64000* 0.95 = 60800 Thus calculating the NPV, we get, NPV (pessimistic) = 11422565 Thus it can be seen that NPV is more sensitive to the changes in the selling price and less sensitive to the quantity. 7. Yes, Emu Electronics should go ahead with the production of the smart phones. It can be seen from the calculation that the NPV is positive for the project and IRR of the project is more than the rate of return of the company. The only constraint the company has is it requires 34.5 million to start the project. If it is able to arrange the investment using equity or debt without any change in the rate of return then it should go ahead with the production of the smart phones. (Goedhart, 2015) 8. If the sale of new smart phone reduces the sale of other phones, it is loss in revenue for the company as the new product is cannibalizing its own products. Thus to account for this change in revenue, the company must reduce the revenues earned by the sales of new product by the amount of money lost due to loss in sales of old phones. Thus the net present value, internal rate of return and payback period will change and there is a possibility that the project might become unfeasible if the loss in sales is too high. Thus it can have serious impact on the final decision of the project Part B Introduction Hubbard Limited Company was founded by Bob and is family owned business. Its sell computer products and other accessories. The company wants to calculate WACC to understand the cost associated with the business. The company has chosen Harvey Norman as a representative company which is a listed company so that it can determine the cost of debt and equity of the company. 1. From the annual report of Harvey Norman Holdings for the year 2105, the long tern debt value and total assets value has been calculated. Long term debt excluding the current liabilities = 290000000 Total assets owned by the company = 4430000000, total liabilities of the company = 1740000000 We know, Total Assets = Total liabilities + Equity Thus the equity of the company = Total Assets - Total liabilities = 4430000000 1740000000 = 2690000000 2. The stock price of the share for Harvey Norman, HVN = 5.19 The market value of the equity = 5.77 billion No. of outstanding shares = 1113 million Annual dividend paid most recently = 0.17 per share Beta value = 0.75 Yield on government debt = 2.45% for a 3 month bond Market risk premium for Harvey Norman = 5% We know using the Capital Asset Pricing model, Cost of Equity = Rf + (Rm Rf)* Beta = 2.45% + (5 * 0.75) = 6.20% The dividend discount model is not applicable in this case as the dividend paid by the company is not set. 3. From the annual report, Interest expense = 32080000 The book value of the long term debt = 290000000 Cost of debt = Interest expense/ book value of the long term debt = 32080000/ 290000000 = 11.06% As the data regarding the market value of debt is unavailable, we assume the market value of debt is same as the book value of debt (Mitra, 2011) 4. From the book value, we have Total value of the company = Book value of equity + Book value of long term debt = 2690000000 + 290000000 = 2980000000 Thus Weighted average cost of capital = Equity book value/ Total book value * Cost of equity + Debt book value/ Total book value * Cost of debt * (1- rate of tax) = 6.35 % Again using the market values of debt and equity instead of book value, we get WACC = 6.27% The cost of capital calculated at market value is more relevant as it gives idea about the prices at which the company can sell. (Patient Value, 2013) 5. The most important difference between the Harvey Norman and Hubbard Computer Limited Company is the size of the company in terms of revenues and market capitalization. It is not correct to use Harvey Norman as a representative of Hubbard Computer Limited Company as there is a difference in ownership of the two companies, the risk associated with each of them and amount of reserves. The market capitalization of Harvey Norman is more than 5 billion dollars whereas the sales of Hubbard Computer Limited is only 9.7 million. This huge difference in revenue makes it difficult for them to be considered as representable. Also the risk associated with a company with large reserves is less than the risk associated with the smaller reserves as the larger company can easily get access to funds and at a lower rate. The same is not the case with Hubbard Computer Limited. Apart from the major financial differences, the portfolio of the HCL is different from the Harvey Norman. Harvey Norman has a larger variety of electronic goods in its product portfolio whereas HCL has only computer and its accessories. This again diversifies the risk of Harvey. The customers get wider range at Harvey Norman and it is easier for them to convert customers and build trust than HCL. Thus it is not correct to use Harvey Norman. (Winkle, 2011) Conclusion Thus the assignment helps in understand the various topics in capital budgeting. In the first part, the various parameters used by the management for deciding whether or not they want to accept the project. It was found that the NPV of the project is positive and IRR of the project is more than the rate of return of the company. Thus if the company is able to arrange the investment using equity or debt without any change in the rate of return then it should go ahead with the production of the smart phones. In the second part, the method to calculate WACC was explained and the issues in using another company as a representative company were discussed. References Investopedia, 2011, Payback Period, viewed September 26, 2016 https://www.investopedia.com/terms/p/paybackperiod.asp Gallo, A., 2016, A Refresher on Internal Rate of Return, Harvard Business Review, viewed September 26, 2016 https://www.thebalance.com/net-present-value-npv-as-a-capital-budgeting-method-392915 Mitra, S., 2011. Revisiting WACC. Global Journals, viewed September 26, 2016 https://globaljournals.org/GJMBR_Volume11/8.Revisiting-WACC.pdf Goedhart, M., 2015, A better way to understand internal rate of return, Mckinsey, viewed September 26, 2016 https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/internal-rate-of-return-a-cautionary-tale Patient Value, 2013. WACC Is Flawed, Use Warren Buffett's Approach Instead, viewed September 26, 2016 https://seekingalpha.com/article/1641702-wacc-is-flawed-use-warren-buffetts-approach-instead Investopedia, 2011, Net Present Value - NPV, viewed September 26, 2016 https://www.investopedia.com/terms/n/npv.asp Investopedia, 2013, Internal Rate of Return, viewed September 26, 2016 https://www.investopedia.com/terms/i/irr.asp Winkle, L., 2011. Harvey Norman shares: Should you really buy them?. Financial Review. viewed September 26, 2016 https://www.bofaml.com/content/dam/boamlimages/documents/articles/D3_014/bro-04-15-1256_f_singlepages.pdf

Wednesday, December 4, 2019

Dickens calls his novel Hard Times Essay Example For Students

Dickens calls his novel Hard Times Essay Dickens calls his novel Hard Times. How does Dickens communicate a sense of the hard times which the working classes experienced due to industrialisation and Victorian attitudes to education? In your answer you should consider how Dickens uses characterisation and language to explore his themes.  During the Industrial Revolution of the late eighteenth and early nineteenth century, there was a mass rise in employment as a large number of heavy industrial factories were established all over cities. This resulted in widespread pollution and appalling overall working conditions, which are the hard times that Dickens tries to express through characterisation and language in his novel. We will write a custom essay on Dickens calls his novel Hard Times specifically for you for only $16.38 $13.9/page Order now In doing this, Dickens is criticising the pursuit of Benthams doctrine of utilitarianism in his contemporary society. Utilitarianism is the concept that the greatest number should be the guiding principle of conduct and that what the majority agrees to is correct (Bentham 1748-1832). Dickens argues, however, that this ideal is highly immoral as the working masses are subjected to such hard times whilst the rich simply enjoy their own wealth. Dickens identifies the application of these corrupt beliefs in the Victorian attitudes to education as a fundamental part of the problem. Dickens effectively illustrates the hard times experienced by the working classes due to industrialisation and the flaws in Victorian attitudes to education in his use of characterisation and language. In Hard Times, Dickens expresses the difficulties experienced by the working class in showing their lack of individuality as a result of industrialisation. The workers are described as equally like one anotherwho all went in and out at the same hours, with the same sound upon the same pavements, to do the same work, and to whom every day was the same as yesterday. Dickens uses alliteration and repetition here same hourssame sound to express the dullness of the workers tedious routines and emphasise their lack of individuality. Furthermore, he characterises the workers by describing them as being like clockwork machines; slaves to their factories, with no hint of personality. Dickens replicates this lack of individuality in the school, in an effort to show the effects of industrialisation on Victorian attitudes to education. The individuality of the working class children was being purposefully eroded in school, in an effort to raise the children as factory workers; nothing more than another cog in the industrial machine of society. This is demonstrated as the students are robbed of their names and referred to by numbers, such as Girl number twenty, and is not allowed to be called by their pet names, which are indeed representations of unique personalities:  Sissy is not a name, said Mr. Gradgrind. Dont call yourself  Ã‚  Sissy. Call yourself Cecilia. Dickens exposes here his criticism of utilitarianism the belief that what the majority agree to is correct as immoral. It is untrue that these school children have agreed to becoming factory workers; the reality is that they are brainwashed into becoming monotonous creatures who know no better than to pursue jobs in industrial factories since their education was tailored by rich teachers like Mr. Gradgrind, who are interested in only their own well being. Dickens therefore argues that the function of utilitarianism in Victorian society is misguided and corrupt. This disagreement is further embodied in the characterisation of the school children as little vesselsready to have imperial gallons of facts poured into them until they were full to the brim. This metaphor reiterates how the Victorian teachers do not see the pupils as individual people, but rather, mere vessels to be manipulated as they see fit. Moreover, the use of mathematical language such as imperial gallons echoes factory impressions and imagery. By using language and characterisation, Dickens has presented an effective picture of the hard times experienced by the working classes in the removal of individuality due to industrialisation, and the way in which this has influenced Victorian attitudes to education. He has also employed these techniques to mount an effective assault on the morality of utilitarianism in this society. .u9f801b3abef6a6ef8d92fe229696f748 , .u9f801b3abef6a6ef8d92fe229696f748 .postImageUrl , .u9f801b3abef6a6ef8d92fe229696f748 .centered-text-area { min-height: 80px; position: relative; } .u9f801b3abef6a6ef8d92fe229696f748 , .u9f801b3abef6a6ef8d92fe229696f748:hover , .u9f801b3abef6a6ef8d92fe229696f748:visited , .u9f801b3abef6a6ef8d92fe229696f748:active { border:0!important; } .u9f801b3abef6a6ef8d92fe229696f748 .clearfix:after { content: ""; display: table; clear: both; } .u9f801b3abef6a6ef8d92fe229696f748 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u9f801b3abef6a6ef8d92fe229696f748:active , .u9f801b3abef6a6ef8d92fe229696f748:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9f801b3abef6a6ef8d92fe229696f748 .centered-text-area { width: 100%; position: relative ; } .u9f801b3abef6a6ef8d92fe229696f748 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9f801b3abef6a6ef8d92fe229696f748 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9f801b3abef6a6ef8d92fe229696f748 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u9f801b3abef6a6ef8d92fe229696f748:hover .ctaButton { background-color: #34495E!important; } .u9f801b3abef6a6ef8d92fe229696f748 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9f801b3abef6a6ef8d92fe229696f748 .u9f801b3abef6a6ef8d92fe229696f748-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9f801b3abef6a6ef8d92fe229696f748:after { content: ""; display: block; clear: both; } READ: Russians And Bosnians Essay Research PaperAnother way in which Dickens communicates a sense of the hard times is by describing the sense of entrapment that the working class feel due to industrialisation controlling their lives, All the public inscriptions in the town were painted alike, in severe characters of black and white. Since Dickens uses specific colour imagery of black and white, Dickens conveys that Coketown is a factual black or white region, which shows how the civilians are locked in a world of facts even by their decorating. Dickens mirrors the sense of entrapment in the workplace in the Victorian classroom which is another example of the negative effects of industrialisation. He does this by describing the classroom as The scene was a plain, bare monotonous vault. Firstly, Dickens uses the technique of a list of three. He uses this language technique to emphasise the dullness and entrapment felt in the classroom. Dickens conveys the idea that the childrens learning conditions were similar to a prison cell showing how the children were entrapped. Dickens also uses this language to show how children were locked into a world of facts. In Hard Times. By using language and imagery to convey a sense of entrapment, Dickens shows how the working classes entrapment in their jobs and the school childrens imprisonment in a world of facts create such hard times for them.