Examining different types of budgets and their uses

Examining different types of budgets and their uses Budgeting operations are very important for any kind of an organization, that is involved in making profits or not. This is the case because all forms of organizations have a number of resources, both material and human, which have to be managed in order to promote and effective realization of goals and objectives. As well, all organizations shall have a number of obligations and missions that have to be realized within stated time durations, and hence budgeting acts as one of the major tools that can be greatly applicable towards realization of goals and objectives. This paper shall hence give the major findings on the budgetary framework, usage and benefits of the 8 types of budgets. Introduction Definitively, a budget refers to forecast of companys incomes and expenses anticipated for a given period of time. With a budget, an organization is able to analyze how much money they are making and spending, and they are able to figure the best way to channel it among various categories and departments. Budgeting depicts the entire process of analyzing and planning using a budget. Since budgets are vital tools for management and planning, the process of budgeting generally affects all types of organizations regardless of their size and composition. Many organizations participate in budgeting process with the view of determining the most cost effective and efficient strategies of making profits and intensifying its capital and asset base. In management, budgeting guides an organization to use its scarce resources in a way that exploits the existing business opportunities well. Good budgeting concepts integrate efficient business judgment and help the management to make decisions reg arding the overall performance of the company. In budgeting, an organization typically develop long-term and short-term plans that assist in implementation of its policies and even though its expensive and time consuming, it increases awareness of costs and coordination of activities channeled towards achievement of company goals and objectives. In any organization, an effective budget always explains the projected route a company would follow in achieving its objectives and goals, and it summarizes the forecasted result of production and marketing efforts, and acts as a benchmark in which the management compares its performance against the actual outcomes. The major functions of budgeting include planning and control. Planning activities convey the views and plans of a company in scientific terms and the eventual planning on its part creates the framework for control, which an organization uses to delegate duties and standardizes procedures (Banham, 2000). Budgeting process is chronological in nature, and consists of many budgets that are roughly classified according to methods and techniques of an organization in generating and spending its money. Different budgets are used for different applications. Some of these mentioned budgets deal with income coming from dividends, sales and interest. Consequently, other budgets give details of sources of expenditures like labor, selling costs, purchases, and factory costs. Some unique types of budgets are chiefly concerned with investments and forecast for company productivity and performance. These budgets are classified according to their usage and include ,Sales budget, Production budget, Direct materials usage budget, Direct materials purchase budget, Direct labor budget, Factory overhead budget, Selling and administration budget and Cash budget (Colin, 2005). Types of budgets Sales budget In any organization, its the sales department that has the overall responsibility of preparing the sales forecast. Sales forecast is a requirement in devising sales budget on which an organization can schedule its production. Sales budget refers to a comprehensive schedule that shows the anticipated sales for a given period of time. The plan for this given period is usually expressed in terms of volume of total sales and selling prices of each class of goods or services. An accurate sales budget is an important element in budgeting as it contributes to the overall organization budgeting process. If sloppily done and formulated, the rest of the budgeting process becomes a waste (Adams, et al., 2008). The sales budget is also referred to as revenue budget since its a preliminary step in preparation of master budget. In an organization, sales budget assist the management to determine the amount of units to be produced thus the production budget is formulated after the sales budget, whic h in turn is used to determine budgets for production costs that include direct materials , production overhead costs and direct labor budget. In essence, the sales budget is very critical in that it elicits a chain of reaction that often leads to growth and development of other types of budgets. The sales budget consists of sales that are expressed in terms of number of units and the amount of revenue including all expenses that support sales, advertising and the cost of distribution of goods sold. Sales budget also consist of forecast of distribution of expenditure for goods sold (Banham, 2000) When developing a sales budget, the following calculations are formulated; the sales budget is erected by multiplying the budgeted sales in units by the selling price. Budgeted Sales = [Budgeted Unit Sales] [Budgeted Sales Prices] For the management, sales budget is often the preliminary step in preparation of the master budget. All other components in the master budget do depend on it in some way. Production budget Its mostly prepared with data from sales budget. Companies that are product oriented usually create production budget that tends to estimate the number of units that ought to be produced in order to meet the sales goals and objectives. The other function of production budget is that it estimates different types of costs involved in production or manufacturing of the said units, inclusive of material and labor costs (Colin, 2005).Any typical organization spends huge amount of money in production than in any other type of expense. For this reason, its vital to create production budget that include all production expenditures so as to estimate the future working capital and future effects on inventory and levels. Production budget is an all-inclusive plan that considers all manufacturing works to be done within the period including the amount expenditures to be incurred on these projects. When creating production budget, it requires individuals involved to be accurate with detailed prod uction estimates .This kind of estimates are typically prepared in combination with the title budgets, which must be finished prior to contracting of other project (Horace, et al., 2007). Before production budget is prepared, the management should always review the production period of budget. The major function of production budget is that it calculates approximately different costs involved in production or manufacturing of products including the cost of materials and labor. When calculating the total production needs, an organization adds anticipated sales to ending inventory and deducts the commencement of inventory from that sum. Total production= (projected sales) + (ending inventory) (starting inventory). Direct materials usage budget Direct material budget refers to analytical plan that shows how much materials would be required in manufacturing or production and the amount of material required to meet the production needs. Its usually prepared after calculation of production needs or requirements. Materials budgeting show the amount of raw material to be purchased in order to accomplish production requirements and the necessary amount to provide adequate inventories. Preparation of this kind of budget constitutes the organizational overall use of material requirements planning (MRP).This organization tool help manage inventories and materials, and ensures the required materials are available in the right quality and quantity and at the required time to meet the production needs of the company. Direct materials budget regularly go along with a schedule of anticipated cash payouts for raw materials and this plan is required for the preparation of the overall cash budget. Expenditures for materials include the cost of purchases of purchases the present budget period. Direct material budget is mostly constructed to determine the amount and cost of any additional materials needed to fulfill the anticipated production levels. Most organizations depicts this in two tables, where the first table shows the number of units to be purchased and the total cost for those purchases while the second table shows a plan of the projected distributions of cash to suppliers of materials. The formula for the computation of materials purchases is given by:- Purchase costs = (Materials Purchase Costs Unit of Materials to Be Purchased) X (Unit Price). Most successful organizations uses the planning and control of a direct-materials budget in order to determine the level of competence in their cargo space, inventory system success and to appraise the capacity of dealers to supply raw materials in the estimates and qualities that are required, and plan material purchases in relation with movement of funds into the organization (Livingstone Leslie, 1994). Direct materials purchase budget Production budget provide necessary information for determining the projected amount of direct materials that ought to be purchased.   Simply by multiplying these amounts with the anticipated costs of purchase price, gives the total costs of materials to be purchased. The major function of direct material purchases budget, is that it provides the essential framework to plan and schedule cash payments for direct materials (Peter McLaney, 1997).This budget also critically reveals the companys planned end of the fiscal year inventory .this value is very important in cost accounting techniques because it a vital component in preparation of the budgeted year ending balance sheet. For effective implementation, the direct purchases budget should be incorporated with the production budget to make sure any level of production is not interrupted during the period of production. This budget tends to estimate the quantity of materials to be purchased in order to promote the budgeted production level and keep desired inventory levels. Direct materials to be purchased are given by:- Materials to be purchased = (materials required for production) + (desired ending materials inventory) (estimated beginning materials inventory) (Horace, et al., 2007). Direct labor budget Definitively, direct labor budget refers to a fixed Schedule for anticipated labor cost. The anticipated labor costs is chiefly reliant on projected volume of production or production budget. The labor needs are dependent on production volume multiplied by direct labor-hours per unit. The derived product is then multiplied by direct labor cost per hour to achieve the exact budgeted direct labor costs. This budget is created from the production budget where direct labor needs are computed to make the management know whether there is sufficient labor time to fulfill the budgeted manufacturing requirements. This advance knowledge helps the management in to develop plans to regulate labor force when adverse situations occur (Livingstone Leslie, 1994). Organizations that fail to budget well always face the risk of having labor shortages or increases in unwarranted times. This kind of unpredictable often leads to inconsistent labor policies that contribute to insecurity, low workers moral e, and low productivity. Direct materials budget is used in an organization to illustrate the amount and cost of direct materials to be purchased. It also provides the foundation for preparation of direct labor cost budget (Colin, 2005).Most organizations give this budget in terms of the number of units and the total costs. Labor hours are displayed using parameters like the type of operation, workers used, and the overall cost centers involved. Total direct labor cost is given by:- Total direct labor cost = (Expected production) + (direct labor hour per unit) + (direct labor cost per hour) Factory overhead budget In cost accounting, factory overhead budget is referred to as a to-do list of all anticipated manufacturing or production costs apart from for costs related to direct material and labor. Factory overhead include items like indirect material and labor, cost of insurance, rent and rates Factory overhead are usually variable or fixed, or a blend of the two. The major function for this schedule is that it critically analyzes all the anticipated production costs for the specific period of time. Factory overhead budget does not include miscellaneous expenses incurred in marketing and administration. These expenses are considered miscellaneous because they are not involved in the production process. As mentioned earlier, production overhead costs determine the total production factory overhead costs and also determine the manufacturing overhead cost per unit. The overall overhead costs include the costs of materials required to make the finished product, direct labor costs needed to produce one unit and the factory expenses required to create one finished unit. The summation of the three costs gives the manufacturer a rough idea of the cost required to produce one unit or finished product (Horace, et al., 2007). Selling and administration budget Selling and administrative expense budget refers to a schedule of budgeted expenses for other areas rather than manufacturing. In organizations this type of budget consists of assemblage of many and individual budgets that are forwarded by various departments. It provides a detailed plan involving all the companys operating expenses, other than the ones involved in production. The said expenses are required in maximum in order to maintain the sales and organization overall operations for a given period of time (Peter McLaney, 1997). This comprehensive financial plan is analytically used by the management to plan and control the day-to-day running of business affairs and activities. In this budget the organization gives details of the amount of money it projects to spend in support of manufacturing or production and sales efforts to be taken. Selling and administrative expense budget consists of employees salaries and benefits, office supplies and expenses; expenses sustaining admini stration, taxes, and any other professional services (Livingstone Leslie, 1994).Normally, these expenses differ little for changes in the volume of production which fall within the period of budget. As a result, the selling and administrative budget is always a fixed budget. Cash Budget Cash budget is definitively referred to as an evaluation of cash outflows and inflows for an organization for a  given period of time. They are mostly used to appraise the performance of an organization and check whether it has adequate cash to accomplish the overall regular operations of a company. The budget is also used to check whether funds are being used as per laid down guidelines. The cash budget shows the companys liquidity position and shows the capability of an organization to meet it goals and objectives. Even though profits promote liquidity, they do not have a high relationship. This budget assists the management in keeping proper cash balances that relates with needs and objectives of the organization. It also helps the management to plan usage of cash where by it avoids cash fro lying idle and prevents possible funds shortages. most budgets consists of four sections that include receipts section, disbursement section, cash surplus section and finally the financing s ection which gives details of payments and borrowings expected during the budget period (Horace, et al., 2007). A budget properly prepared shows how funds flows in and out of the organizations and indentify any loopholes that may slow organization productivity. The cash budget also determines the organization future ability to pay expenses, loans and as well as debts. Banks and other financial institutions grant loans to organizations that have effective liquidity ratio and proper systematic cash plan. Similarly, organizations that function on a casual basis are able to borrow more funds at unfortunate times (Colin, 2005).Cash budgets are commonly given by:- Budgeted Cash Available = (Beginning Cash Balance) + (Budgeted Cash Collections) Conclusion Therefore, for any organization, Budgeting involves the process of controlling and planning the overall activities of a company. It analytically covers precise details of management, sales, marketing, operations, and finance, and thereby provides the management effective guidelines for future performance. Through the concept of budgeting, the management is also able to verify the most profitable use of its limited resources and also it increases the organization ability to deploy resources effectively. In conclusion, its imperative for any organization to trade effectively and efficiently without proper budgeting skills. Its important for individuals and organizations to build budgets to ensure proper movements of resources. References Adams, R., et al. (2008). Self-review for  higher  education  institutions. Melbourne: Australian Universities Quality Agency. Banham, R. Better Budgets. Journal of Accountancy, vol.2, no.1, 2000, pp.32 55. Colin, D. (2005). Management and Cost Accounting. 4th ed. New York: Thomson Business Press. Horace, R, Charles, E., P., Billie, M, (2007). Accounting Principles and Applications. 5th ed. New York: McGraw-Hill. Livingstone, Leslie, J. (1994). The Portable MBA in Finance and Accounting. New York: Wiley. Peter, A., McLaney, E. (1997). Accounting and Finance for Non-Specialists. New York: Prentice Hall. Question Two Budgeting and its functions Introduction Budgeting refers to the process of predicting or forecasting the organization incomes and expenses for a given period of time. Budgeting depicts the entire process of analyzing and planning using a budget. Since budgets are vital tools for management and planning, the process of budgeting generally affects all types of organizations regardless of their size and composition. Many organizations participate in budgeting process with the view of determining the most cost effective and efficient strategies of making profits and intensifying its capital and asset base. I budgeting is vital in an organization in that it provide measurements that help the organization management in planning and setting of goals and objectives. Effective budgeting assists an organization to forecast future performances and productivity. They make available a feasibility analysis that help an organization create an effective business model; identify required resource and capital requirements. Budgeting at times also helps in finding funding. Budgeting guides an organization to use its scarce resources in a way that exploits the existing business opportunities well. Good budgeting concepts integrate efficient business judgment and help the management to make decisions regarding the overall performance of the company. In budgeting, an organization typically develop long-term and short-term plans that assist in implementation of its policies and even though its expensive and time consuming, it increases awareness of costs and coordination of activities channeled towards achievement of company goals and meet its objective, and to measure up to standards set (Iain, 2003). Functions of budgeting For any individual or organization with the yearning for financial freedom, the most significant thing they can do is to appreciate the fundamental functions of budgeting. Generally without figuring what one owns and spends it would be impossible to make changes in ones spending habits. With the use of adequate budgeting schedule, it acts as a tool that assist individuals and organizations track areas where changes can be done to improve monetary situation. Budgets serve a number of useful purposes that includes planning, coordinating, communicating, motivating, controlling and evaluating (Rubin Irene, 1997). Planning Generally, a budget is a plan for the operations of a company for a given period of time. As a planning tool, budgets are vested with the sole function of determining an organizational programs and objectives .They tend to evaluate available alternatives as a way of achieving its goals and objectives. Planning also involves prioritizing where the most beneficial projects are put forward first and the less beneficial ones follow suit. In all financing activities, budgeting is the core function. Proper budget makes planning easier because it allows people to know which direction the company is following and what business activities it plans to engage in, in the future. Budget planning involves discovering and looking for sources of revenue and expenses, with the intention of meeting personal or organizational goals and objectives (Downes Goodman, 2006). Planning as the primary function of budgeting, it makes sure there is savings after the funds have been allocated for spending. Organ izations that plan and use effective budgeting strategies, they are ensured of successful management of their expenses and savings hence they are able to secure better investments in the future. The major advantages of budget planning are that they put checks and balances at specific points to prevent overspending I future at various levels, also they assist the management of an organization to take account of any unexpected need or requirements for funds. Though beneficial, planning as a function of budgeting has few shortcomings that include, it affects the quality of life and productivity of people and organizations especially in situations where there is excessive emphasis on savings. Also when the budget is planned to rigid, devotion to it tends to become a problem and fulfillment of organizational goals and objectives becomes a problem (Brookson, 2000). Coordinating In order an organization to properly grow and develop, the management needs to know what is happening within the company and have an unambiguous idea of what they expect in the future. Coordination as a component of budgeting has fundamental objectives that are important to the management. The act of Coordination makes budgets from various specific departments to work together with sole function of meeting the organization goals and objectives. The way budget are constructed is very vital including the figures it carries. The entire process of putting budget together involves correction of data regarding the business and the present and future needs of the company (Iain, 2003). Coordination of activities makes different individuals to participate in the making of budget where each of them contributes his or her knowledge to the areas of their expertise. In the process, employees learn from each other and this promotes the concept of teamwork and working together. Diverse units found in the company should coordinate different works they do. Communicating Budgets act as communication tools in that they allow individuals and management of organizations to pass information regarding the goals and objectives of the company. The management is able to promote goal congruence that allows the companys limited resources to be coordinated and channeled to key areas. Budgeting process gives organization opportunities communicate and this allows them to accomplish their goals, and hence gives them chances scrutinize those achievements as well (Rubin Irene, 1997). Communication being a core purpose of budgeting provides information that is significant in the entire business strategic planning. The communication between the management and employees helps establish a mutual understanding that is geared towards achieving the companys goals and objectives. Also different units in the company must communicate with each other during budget making process in order to effectively and efficiently coordinate their plans and efforts. Motivating Effective Budgeting and budgets allow an organization to motivate its workers by involving them in the budget making process. This concept of giving them a chance to make organizational decisions makes them feel valued and appreciated, and they respond by working harder with the sole aim of meeting the goals and objectives they set in the budget. Even if top-down budgeting technique does not realize this objective effectively, participative budgeting can be very encouraging and motivating. Budgeting can be an effective tool in promoting teamwork in places of work though many people and businesses dont realize it. Since the employees know the companys performance and productivity, they tend to channel all their effort in adhering to budgetary policies and work extra harder to make sure the companys goals are met (Sullivan, Arthur Steven, 2003). Controlling Budgetary control involves deliberate actions that are performed analytically with the guidance of a budget plan. Budget control involves the use of budget plan to control expenses with the aim of maximizing accountability. This purpose is mostly connected with line-item budgets. Technically once the budget is created; it acts as a planning tool for the organization operations. Management has power to use up funds within the set budget and to generate revenues within the specified margin of the budget. These Budgets are scrutinized regularly to countercheck variations and to establish whether the company is moving on the right target. If the company performance and productivity does not meet the requirements of the budget, immediate action is always taken to adjust its activities. The general aspect of budgeting allows an organization to control costs and avoid things not budgeted to be done. Proper budgets also give organizations a benchmark from which they evaluate the companys per formance. Control involves monitoring, and involves comparison of different informations to a given standard from where it is used to make corrective actions (Brookson, 2000). Evaluating The aspects of budgetary control are much valued and appreciated in an organization since they help an organization to evaluate and monitor team and organizational performance and provides the management of the organization with a clear idea of the company financial position and makes information and data available on which they base their action. Budgets at times are used as a tool of management, which reward and punish managers and their employees and also they are used as a basis for modifying future plans and budgets (Iain, 2003). One way to evaluate the management and employees performance is by comparing the company budget and the overall actual performance. Though an important concept of business, budgeting can cause massive problems in parts of workers especially in situations where they are not involved, and also where their jobs are dependent on meeting certain organizational goals and objectives established by the budgets. This happens in organizations that concentrate so much on evaluation purposes of budgeting and those organizations that conduct top-down budget process, rather than the bottom -up or participative one. Effective evaluation and monitoring of employees and the management as a whole, improves the efficiency and effectiveness of the company products and services and makes them competitive in the global scene (Rubin Irene, 1997) Conclusion Budgeting always form an integral part in our society. Its ideal concepts require individuals and companies to look ahead and sanctify future goals. Budgeting involves the process of controlling and planning the overall activities of a company. It analytically covers precise details of management, sales, marketing, operations, and finance, and thereby provides the management effective guidelines for future performance. Budgeting depicts the entire process of analyzing and planning using a budget. Since budgets are vital tools for management and planning, the process of budgeting generally affects all types of organizations regardless of their size and composition. Many organizations participate in budgeting process with the view of determining the most cost effective and efficient strategies of making profits and intensifying its capital and asset base. Budgeting is vital in an organization in that it provide measurements that help the organization management in planning and setting of goals and objectives. Through the concept of budgeting, the management is also able to verify the most profitable use of its limited resources and also it increases the organization ability to deploy resources effectively. In conclusion, its imperative for any organization to trade effectively and efficiently without proper budgeting skills (Budgeting is vital in an organization in that it provide measurements, 2009). Its important for individuals and organizations to build budgets to ensure proper movements of resources.

Essay --

The Economic and Philosophic Manuscripts of 1844, critique the effects of private property, division of labor, and capitalism. With the industrial revolution in full swing, Marx argues history is a progressive process of â€Å"the struggle of men to realize their full human potentialities† (Berlin 118). The transformation from feudal to capitalist societies is the beginning of â€Å"the story of man’s alienation in his life as a producer† (Reader, 66). In the Manuscripts, Marx discusses human nature and four types of alienation with which he uses as a platform to argue that estrangement from labour, estranges species from man and makes man individualistic. First and foremost, human nature, as described by Marx in the form of species being, is the understanding that the self is social and lives for the purpose of the species. It is human nature to realize full human potential. Hence, unlike animals, humans have a will and consciousness, which allows for freedom of physical need and ability to produce. Marx defines nature as man’s â€Å"direct means of life [as well as] the material, the object, and the instrument of his life activity† (Reader, 75). Nature is thus the means of both survival and invention. In this respect, humans are capable of shaping nature and therefore creating new wants and desires along with new outlooks and relationships towards nature and the people around them. Though, because needs are beyond survival, the immediate need of nature is lost and alien. Moreover, this human capacity to invent and produce creates division of labor. Berlin declares that the division of labor increases productivity and thus creates wealth beyond immediate needs. Therefore, the manifestation of excess accumulation is withheld from the laborers ... ...are alienated from the product that is given to the species. In other words, â€Å"Capitalism, under which the labour power of human beings is bought and sold, and the workers are treated merely as sources of labour, is plainly a system which distorts the truth about what men are and can be, and seeks to subordinate history to a class interest†¦Ã¢â‚¬  (Berlin, 133). In conclusion, the Manuscripts of 1844 connect Marx’s earlier philosophical work to his future as a political economist. He describes how capitalism, a necessary stepping-stone, is a system that creates large disparities between two classes: the proletariat and the bourgeoisie. The division of labor during the industrial revolution produces various forms of alienation for the workers of the proletariat. The result of this estrangement is the deviation of man from his human essence, or in other words species being.

Heredity Versus Environment Essay

A major debate within psychology is whether it is nature or nurture which influences people; the way people act and behave, cognitive development, and what we look for in a partner are just some aspects of the debate. Nature supporters, or Naturists, believe that our behaviour is down to genetics and is inherited from our parents. They believe that everything about a person is decided at the moment on conception. Whereas nurture supporters believe that people learn their behaviour from the environment, their upbringings and the surrounding influences; such as friends, peers and work colleagues. There is lots of research, studies and evidence to support both arguments on a variety of subjects. The nature argument is often used in court cases to describe uncharacteristic or deviant behaviour. Humans are often related to as animals as this is believed that people evolved from, Charles Darwin is a leading figure in this side of the argument. He pioneered his theory of evolution, and it is widely accepted that humans did derive from a ‘common ancestor’, therefore do have instinctive behaviour, and traits about their personality (Allaboutscience, 2014). A real life example of this would be a baby, who is unable to communicate, and has little understanding of the world; however still show signs of fear if they were to hear a loud noise. Nurture supporters believe that a person’s upbringing is a major factor which influences people in later life. A real life example of this would be serial killers, when studied, they were often subject to horrific abuse as a child and they blame this for their inabilities to conform to society’s norms and commit dreadful crimes. This is supported by a psychological study Bowlby’s 22 juvenile thieve study; people commit crimes due to what kind of upbringing they received. The lack of a secure attachment with their primary care giver (McCloud, 2007). The term gender refers to whether a person socially and culturally class  themselves as male or female, and which role they choose to live their life by in society. Rather than the term sex; which is what’s chosen biologically by genetics whilst in the womb (Who, 2014). Psychologists look at gender difference within the nature/nurture debate; to see if genetics or environment factors play a part in what makes genders behaviour and act differently. There are stereotypical gender roles in society; examples of which are that females are seen as maternal caring and loving people whereas males are seen as aggressive, dominate, and the breadwinners. Scientists know that there are biologically difference between genders; such as hormones, and chromosomes, these are scientifically proven. Also they have been shown to majorly impact a person’s behaviour, for example the male hormone testosterone is contributor to aggressive behaviour and is the reason behind why males have more muscle mass supporting the nature perspective. Whereas nurture supporters believe that gender differences come from the environment, for example, children are dressed in colours which are stereotypical for their sex; blue for a boy and pink for a girl. This is further supported by the self-fulfilling prophecy; that if a person is told that they are something (male or female in this case) they will eventually believe this which will affect their behaviour. Interactionism is a term used to describe genetic gender differences which are influence or modified by the environment. Mary Mead conducted an experiment supporting the nurture argument of gender differences in 1935, where she studied three different tribes; Arapesh, Mundugumor, and Tchambuli. The arapesh were non aggressive, with a caring attitude towards children. The Mundungumor were aggressive and cold towards children. The Tchambuli was the tribe were the males were submissive and passive. The results were that Mead found a slight pattern in male and female behaviour across different cultures however there were a lot more differences. Supporting the nurture argument as in Mead’s study two tribes showed role reversal; in one tribe the males were dominate and aggressive, whereas in another the females were, and the males were submissive. Also females being cold and uncaring towards children; this showed psychologists that it can’t be instinctive or genetic that women must have maternal  tendencies. This therefore shows interactionism in western society. A criticism of this study is that all three tribes where in close proximity therefore are the sample could be said to be culturally similar (Benson, 2005). Buss et al in 1990 conducted a study which found that males are more aggressive than females regardless of culture. They found cross cultural similarities between the genders; these were in how people look for a perspective reproductive partner. Buss et al found that men preferred youth and attractiveness whereas women looked for wealth and status. This study supports the nature debate as Buss et al studied a wide and varied sample of people, and some people believe that these results can still be seen today in the western world. Another psychologist credited for his work in regards to this debate is Bronislaw Malinowski; he carried out a research project in north-western Melanesia in 1929. Malinowski like Mead studied tribes however he looked at their sexual behaviour and concluded that sexual behaviour dominates every aspect of life regardless of culture, which further supports the nature debate. As with all studies, there are things which may affect the results of the research. With studying tribes there could of been a communication barrier, between the researcher and the participating tribes which would effect the results. The gender of the psychologist performing the study could influence the results as they could be said to be bias; as they may favour there own gender. Also the presence of a researcher in a person’s everyday life may alter the way that person behaves and acts around them. To conclude, there are lots of gender differences, some appear similar across the world whereas others appear to be culturally connected. In relation to the nature/nurture debate, there are arguments and studies to support both sides, and will always be a conflicting argument throughout psychology. Critically evaluate some evidence which offers support for the role of  Ã¢â‚¬Ëœnature’ in the heredity-environment debate on intelligence One disagreement people have in the topic of heredity versus environment is about the subject of intelligence; are people born an intelligent person or is this acquired over time, when information is learned and absorbed into a person brain. Intelligence is defined as a ‘manifestation of a high metal capacity’ (Dictionary, 2014). A commonly used test to assess a person’s intelligence is a series of questions called an IQ test; the higher the IQ score the more intelligent a person is believed to be. Francis Galton in 1869 studied the subject of intelligence and since then lots of psychologists have been interested in the debate and there have been many studies conducted (Malim & Birch, 1998). In support of the nature debate, there have been a lot of experiments conducted on siblings, including twins studies, and cousins. Twins can be categorised into two groups; monozygotic (MZ), and dizygotic (DZ). Monozygotic twins are ‘identical’ and share the same genetic information as they were produced from one egg, whereas dizygotic twins are produced from two separate ova and have the same genetic information as two children with the same parents (Malim & Birch, 1998). As with all studies in this debate, these have been heavily criticised by supporters of the opposing arguments, this assignment will evaluate some of these. The main criticism of the majority of IQ studies is that all the participants are children or adolescents. Newman et al in 1937 embarked on a ten year research project studying 100 pairs of twins, 19 of which were adopted MZ twins; 7 males and 9 females. These adopted twins had experienced different upbringings so Newman wanted to see how this affected their intelligence (Twin Studies, 2014). The results were that the IQ of monozygotic twins was higher than that of the dizygotic twins which Newman studied. They also showed that the IQ of twins reared together was higher that if the twins had been separated after birth. However a major criticism of this study is that Newman enrolled the twins  that he studied on similarities to ensure that the twins he studied were MZ, as at the time the technology wasn’t available to scientifically prove whether the twins were identical or not. Also the sample of twins which Newman et al studied has been said to be biased, due to the expense of conducting the experiment; Newman had to pay for the sample to travel and stay in lodgings in Chicago. The results could then be flawed as twins may have acted in a certain way to be chosen for the study in order to go on an all-expenses paid holiday during a time of great depression across America. It has also been proven that a pair of twins from Newman’s sample group were raised in the same town and even attended the same school (Benson, 2005). A more recent twin study was conducted by James Shields in 1962; Shields took a sample of 44 pairs of identical twins who had been brought up apart from each other. Shields enlisted these twins by a television advertisement and wanted to find out the correlation between their IQ results. The findings were that the correlation of identical twins reared apart was higher than the non-identical twins reared together; who Shields also studied. This study is often criticised due to the method the participants were enrolled onto the study; twins were put forward to the study as they looked alike, they may not have necessarily of been proven to be monozygotic or identical. Another flaw is that although Shield’s claims that the twins were brought up separately, they were often raised by members of the same family, lived locally, and went to the same schools. It is reported that one pair of twins, lived next door to each other. Despite the flaws this study is often seen as one of the st rongest twin studies in psychology in relation to IQ again supporting nature (Firth, 2009). Other than twin studies, some psychologist studied intelligence and how it correlates with differently between different ethnic groups and races in society. Arthur Jensen was one of these, in 1969 he analysed the differences in IQ results between different races, and published his results, which sparked outrage across america. Jensen’s devised an intelligence test for children, and his pupils to sit the test from the school which he was a professor at.  The test comprised of two parts; level one abilities or associative learning and level two abilities or conceptual learning. The results were that the ‘white american’ students performed better at the task two abilities than students of other races (Telegraph, 2013). Jensen concluded that intelligence was 80% inherited, as he believed this from his results that a child’s ancestry was the reason that some children scored poorly on the test. This leading to him to believing that intelligence is a factor of genetics and is passed on through generations. However there is an opposing argument, that this study also supports the nurture debate, as it shows how differ ent cultures are effected differently. For example, the caucasian children would of come from a higher social class than the ethnic minorities; therefore it was the environment and peers which affected their mental ability. The ethical issues involved with this study are evident as Jensen incited racism by publishing these figures. This could of also led to violence, and sparked hatred within the community and across american. Also some students could of been favoured over others, as they would be seen as clever, therefore received priority treatment, as proven in Rosenthal & Jacobson’s study in 1968. Jensen completed his test in 1960’s america, which was a hostile time, in particular within regards to race segregation, with the speech and assassination of Matin Luther King. Hans Eysenck was a German psychologist who is also credited for his work in relation to intelligence and race (Cherry, 2014). He wrote a book called: The IQ argument: race, intelligence and education, based on these studies and summarised the results. This book claims that ’80% of variability is inborn’ (Benson, 2005). Hans was also criticised as his views also focused on the differences between IQ results of blacks and whites, rather than treating people as equally as individuals. Eysenck believed it to be fact that white people had a higher IQ and set about telling the world. Some people didn’t agree with his views which involved him being attacked on numerous occasions and becoming a hated public figure. In conclusion, there are a lot of studies in psychology in regards to the  nature/nurture debate, on a whole array of topics. Intelligence is only one of these. Criticisms are prevalent throughout all these studies as it is a debate which people just can not agree on, and everyone has their own opinion. Reference List Allaboutscience, 2014, Darwin’s Theory Of Evolution (Online) Available at http://www.darwins-theory-of-evolution.com [Last Accessed 24-04-2014] Benson, N, 2005, Introducing Psychology, Totem Books:USA Birch, Malim, A & T, 1998, Introductory Psychology, Macmillan Press:Hampshire Cherry, 2014, Hans Eysenck Biography (Online) Available at http://psychology.about.com/od/profilesal/p/hans-eysenck.htm [Last Accessed 23-04-2014] Dictionary, 2014, Intelligence | Define Intelligence at Dictionary.com (Online) Available at http://dictionary.reference.com/browse/intelligence [Last Accessed 07-04-2014] Firth, J, 2009, Shields (1962) (Online) Available at http://mindsandmodels.blogspot.co.uk/2009/03/shields-1962.html [Last Accessed 24-04-2014] Joesph, J, 2008 Separated Twins and the Genetics of Personality Differences: A Critique, (Online) Available at http://jayjoseph.net/yahoo_site_admin/assets/docs/AJP_MISTRA_PDF.157214425.pdf [Last Accessed 12-.4-2014] McCloud, S, 2007, John Bowlby | Maternal Deprivation Theory | Simply Psychology (Online) Available at http://www.simplypsychology.org/bowlby.html [Last Accessed 24-04-2014] McCloud, S, 2007, Nature / Nurture in Psychology, (Online) Available at http://www.simplypsychology.org/naturevsnurture.html [Last Accessed 07-04-2014] Telegraph, 2013, Arthur Jensen (Online) Available at http://www.telegraph.co.uk/news/obituaries/9774459/Arthur-Jensen.html [Last Accessed 23-04-2014] Twin Studies, 2014, Twin Studies, (Online) Available at http://genepi.qimr.edu.au/staff/davidD/asthma11.html [Last Accessed 08-04-2014] Who, 2014, WHO | What do we mean by â€Å"sex† and â€Å"gender†? (Online) Available at http://www.who.int/gender/whatisgender/en/ [Last Accessed 24-04-2014]

Regional Economic Cooperation Essay

One of the most important developments in the world trade system in the 1990s has been the emergence of regional cooperation. The end of the Cold War reduced political tensions between countries in Asia as well as globalizing production processes and increasing vertical integration. Cities like Bangkok, Kuala Lumpur, and Singapore have been lifting their populations out of poverty in part through cooperative arrangements with neighboring countries. Transnational economic zones have utilized the different endowments of the various countries of East Asia, exploiting cooperative trade and development opportunities. Transfer of technology and manufacturing between nations has allowed them to develop sequentially. Information technology has improved linkages between economies and put remote regions in contact with the world. The private sector provides capital for investment; the public sector provides infrastructure, fiscal incentives, and the administrative framework to attract industry. Regional cooperation is now considered the means of enhancing economic development and providing economic security within the regions. Trade among ASEAN members accounted for more than 23% of all trade by member nations in 1994, topping that of any of the group’s major trading partners. Singapore has concentrated on becoming the technology center for Southeast Asia, sending labor-intensive operations to low-cost neighboring countries like Malaysia and Indonesia in special mutual cooperative trade and development arrangements known as growth triangles or growth polygons. The Southern Growth Triangle, also known as SIJORI (Singapore, the Johore state of Malaysia, and Riau Province of Indonesia), was formed in 1989 and covers a population of about 6 million people. It attracted $10 billion in private sector investments during its first five years. Such regional economic cooperation has occurred in other Asian regions as well, spurring economic development. Growth triangles are expected to be a continued driving force for growth in Asian economies throughout the 1990s. Four growth triangles have been established since 1989, involving parts of 11 countries. There are currently eight growth polygons in East and Southeast Asia, with additional triangles being planned. For example, Cambodia, Laos, Myanmar, Thailand, Vietnam, and China’s Yunnan Province have been discussing ways to develop the Mekong area since 1992. Regional cooperation provides a competitive model to attract investment and technology. According to the secretary general of ASEAN, Ajit Singh, â€Å"These growth areas will have to be flexible to change where necessary, innovative, and always attentive to the needs of the investors and the businessmen. They also have to be aware that they are competing with much larger countries such as China and India, whose capacities for attracting investors are much greater than their own† (Kruger 1996, 17). Asian capital markets are now watching the global economy, and large companies recognize their need to be involved in this fastest growing region in the world. The growth triangles typically group remote regions of the nations involved in an effort to exploit complementary assets within the groupings. For example, the Tumen Delta triangle integrates the capital and technology of Japan and the Republic of Korea with the natural resources of Russia and North Korea (i. e. , the People’s Democratic Republic of Korea) and the labor and agricultural resources of China. The governments of Brunei, East and West Kalimantan, and North Sulawesi of Indonesia; Sabah, Sarawak, and Labuan in Malaysia; and Mindanao and Palawan in the Philippines have given priority to expanding air and shipping routes within the East ASEAN Growth Area, another polygon. Where all parts of the polygon are at similar levels of development, growth is expected to be slower. Singapore has provided capital and technology for developments in Malaysia to support SIJORI. Thailand is expected to provide capital and experience in developing the Mekong polygon. It will encompass a population of over 400 million people offering low wages, rents, and land costs. The Southern China Growth Triangle The Southern China Growth area comprises Hong Kong, Taiwan, and the southern provinces of China (Thant et al. 1994). Because China lags behind Taiwan and Hong Kong considerably in economic development and has a very large population, growth in this triangle has enormous potential. Establishment of this triangle was spurred by market forces and private sector initiatives rather than by policy coordination among the countries. However, government policies have supported the economic links that were instituted. The PRC’s economic reforms and open door policy initiated in 1978 laid the foundation for economic success in Guangdong and Fujian provinces. Establishment of China’s first Special Economic Zone (SEZ) in 1980 provided for tax concessions, expanded land use rights, and simplified procedures for foreign investment. Policies for land use, finance, and trade were designed to reduce transaction costs and to provide greater access to the domestic as well as the world market. Policies formulated within the SEZs themselves have been even more liberal than those in other parts of the triangle. For China, the triangle has provided exports, foreign exchange, and employment as well as access to the larger global economy. Rapid economic growth and higher incomes have occurred in Guangdong and Fujian Provinces with materials and components from Taiwan’s manufacturing sectors and the support of Hong Kong’s advanced services sector. Geographical proximity and common language are the most compelling factors for capital to move across the border from Hong Kong into Guangdong Province, or for investment to flow across the Formosa Strait from Taiwan to Fujian Province. Cantonese is a Chinese dialect spoken in both Hong Kong and Guangdong, while Fujianese is spoken in both Taiwan and Fujian. For Hong Kong and Taipei, the triangle has provided a means of implementing structural changes in manufacturing and export patterns at minimal cost. In spite of recent political posturing on the part of China, economic planners in Hong Kong and Taiwan are optimistic that economic logic will continue to drive regional integration. Low-Cost Sourcing As Japanese and U. S firms seek to reduce the cost of their latest innovations, they are outsourcing production to low-cost contract manufacturers. China has a growing number of low-cost parts and components suppliers. With a minimum of overhead and a large pool of low-cost labor in China, there is a growing list of high-quality vendors in China. The continuing miniaturization of products has lead to joint ventures with companies from Japan, the United States, Taiwan, Hong Kong, and other Asian countries. The success of these firms is dependent upon providing competitive value in a timely manner. Low-cost board assembly operations in China utilize the latest SMT equipment required by new computer and telecommunications products. Capital intensity will increase as IC packaging and SMT assembly operations are installed. In the 1980s, Korea and Taiwan provided the first step in the cost reduction chain by providing the most advanced process capabilities. Singapore and Malaysia became additional sources for contract manufacturing with the establishment of global vendors like SCI and Solectron. Today, further cost reduction is possible by moving production to lower cost regions like China and the Philippines. Wong’s Electronics in Hong Kong provides a three-step process for cost reduction that includes low-cost labor, low-cost sourcing, and low-cost production designs. Hong Kong, Thailand, Malaysia, and China are considered the home of lowest-cost manufacturing competitors in the electronics industry today. They offer limited component technology or product design skills, but provide many low-cost suppliers of generic, low-technology components. Since low-cost manufacturing countries generally lack the technologies required to become industry leaders, they must follow the technology trends as quickly as possible. OEM competitors from Taiwan and Singapore are being forced to open branch plants in China or other Southeast Asian countries to produce the most labor-intensive, cost-driven products.

How to Write a Thesis Statement With Examples

How to Write a Thesis Statement With Examples A thesis statement provides the foundation for your entire research paper or essay. This statement is the central assertion that you want to express in your essay. A successful thesis statement is one that is made up of one or two sentences clearly laying out your central idea and expressing an informed, reasoned answer to your research question. Usually, the thesis statement will appear at the end of the first paragraph of your paper. There are a few different types, and the content of your thesis statement will depend upon the type of paper you’re writing. Key Takeaways: Writing a Thesis Statement A thesis statement gives your reader a preview of your papers content by laying out your central idea and expressing an informed, reasoned answer to your research question.Thesis statements will vary depending on the type of paper you are writing, such as an expository essay, argument paper, or analytical essay.Before creating a thesis statement, determine whether you are defending a stance, giving an overview of an event, object, or process, or analyzing your subject Expository Essay Thesis Statement Examples An expository essay exposes the reader to a new topic; it informs the reader with details, descriptions, or explanations of a subject. If you are writing an expository essay, your thesis statement should explain to the reader what she will learn in your essay. For example: The United States spends more money on its military budget than all the industrialized nations combined.Gun-related homicides and suicides are increasing after years of decline.Hate crimes have increased three years in a row, according to the FBI.Post-traumatic stress disorder (PTSD) increases the risk of stroke and arterial fibrillation (irregular heartbeat). These statements provide a statement of fact about the topic (not just opinion) but leave the door open for you to elaborate with plenty of details. In an expository essay, you dont need to develop an argument or prove anything; you only need to understand your topic and present it in a logical manner. A good thesis statement in an expository essay always leaves the reader wanting more details. Types of Thesis Statements Before creating a thesis statement, its important to ask a few basic questions, which will help you determine the kind of essay or paper you plan to create: Are you defending a stance in a controversial essay?Are you simply giving an overview or describing an event, object, or process?Are you conducting an analysis of an event, object, or process? In every thesis statement, you will give the reader a preview of your papers content, but the message will differ a little depending on the essay type. Argument Thesis Statement Examples If you have been instructed to take a stance on one side of a controversial issue, you will need to write an argument essay. Your thesis statement should express the stance you are taking and may give the reader a preview or a hint of your evidence. The thesis of an argument essay could look something like the following: Self-driving cars are too dangerous and should be banned from the roadways.The exploration of outer space is a waste of money; instead, funds should go toward solving issues on Earth, such as poverty, hunger, global warming, and traffic congestion.The U.S. must crack down on illegal immigration.Street cameras and street-view maps have led to a total loss of privacy in the United States and elsewhere. These thesis statements are effective because they offer opinions that can be supported by evidence. If you are writing an argument essay, you can craft your own thesis around the structure of the statements above. Analytical Essay Thesis Statement Examples In an analytical essay assignment, you will be expected to break down a topic, process, or object in order to observe and analyze your subject piece by piece. Examples of a thesis statement for an analytical essay include: The criminal justice reform bill passed by the U.S. Senate in late 2018 (The First Step Act) aims to reduce prison sentences that disproportionately fall on nonwhite criminal defendants.The rise in populism and nationalism in the U.S. and European democracies has coincided with the decline of moderate and centrist parties that have dominated since WWII.Later-start school days increase student success for a variety of reasons. Because the role of the thesis statement is to state the central message of your entire paper, it is important to revisit (and maybe rewrite) your thesis statement after the paper is written. In fact, it is quite normal for your message to change as you construct your paper.

Circus Show in Las Vegas Essay Example | Topics and Well Written Essays - 750 words

Circus Show in Las Vegas - Essay Example Before attending this circus show, I had a very blurred concept of circus shows. I used to think that circus shows are solely animal based. Some people have trained their pets in a particular fashion so the pets are able to perform certain tricks in front of the masses. A monkey dancing on a song or three lions standing upon one another were the particular images that used to flash in mind the very moment I would listen about a circus show. The idea of merely seeing some animals perform never attracted me enough to draw me towards a circus show until my friend, Tom almost dragged me to the show with him this April. Only as I appeared on the show last Saturday did I realize that circus was actually much more than what I knew about it. The whole scene was spellbinding. I can only try to narrate the scene in words, yet the whole feeling was too heavenly and magical to be captured into words. We arrived at the show at 3 pm. It was a big show with too many components. The show was organiz ed in the open, to lend the show the traditional touch. There were loudspeakers everywhere advertising different kinds of acts. We roamed about the place and saw different shows. I particularly liked the act of a motorcyclist who was making the bike go round and round along the inner walls of a deep well, which was called the well of sorrows. To add to the adventure, there were about a dozen snakes in the base of the well. The host told us that they were some of the most venomous and gigantic snakes to be found on the face of Earth. From the look of them, I could tell that the host was not lying. I was looking at the snakes from a distance of about 20 meters from the top, and they still seemed too gigantic to be anywhere less than 2 meters each. The 20 meters deep well was divided into 5 levels, each of which was 4 meters in depth. The motorcyclist was given the task to ride the bike to the lowest level. The lower he went, the more he earned. The scene of watching the motorcyclist w iggle through the cobras on the lowest level was one of the most breath-taking scenes of my life. After watching the well of sorrows, we headed over to the gymnastics section. This was the only section of the whole circus show that was organized in a hall. The gymnastics were performed by obese ladies. One lady that I was particularly astonished to watch do gymnastics was in her forties and from her look, it seemed as if she was about 140 kgs in weight. In normal life, I would hardly expect such an obese woman to walk, and to my uttermost astonishment, the lady was walking over a carbon wire tied between two stories of the circular hall in a diagonal fashion. As I saw the woman walk up the wire to the second level, I expected her to fall any moment, but she was too skilled and experienced to let imbalance. That was the most scaring, dreadful and yet, funniest moment of my life. After the gymnastics, Tom and I moved over to the ice cream parlor. We had some delicious vanilla scoops t opped with bittersweet chocolate sauce. That seemed like a nice full stop to the experience of watching the circus show.

The C.I.A Research Paper Example | Topics and Well Written Essays - 750 words

The C.I.A - Research Paper Example so coincided with the alleged UFO crash in Roswell, New Mexico, causing many people to believe that the creation of the agency also had to deal with the probability of extra terrestrial visitors. The main task of the Central Intelligence Agency is to gather, process and analyze situations or people, both inside and outside of the United States, that can be threatening or harmful to the United States. If the agency comes upon any information that suggests that someone is doing something harmful at the expense of the United States, they take the proper actions to ensure that nothing comes of these actions and that the person is dealt with accordingly. The agency also looks for threats that may come to an interest that the United States has in the world. In essence, the Central Intelligence Agency seeks out threats and dangers to the United States and the world and does what need to be done to prevent both negative actions and the leaking of the threat to the general public. The CIA also monitors activities that have the potential of turning dangerous, such as a foreign country creating a new nuclear power plant to produce electricity. The CIA would monitor the progress of this plant to ensure that it really is being created for the intended purpose and not for something that can prove to be harmful. The Central Intelligence Agency, in their mission of protecting the United States and the places of interest throughout the world, also helps in making the important decisions surrounding national security. The agency does not make the policies, they simply provide foreign intelligence information for the agencies and groups that do make the policies based on the information provided (Weiner, 2008). At times the agency is allowed to suggest possible policies or changes to current policies as starting points for the groups actually able to make the changes. Their sole job is gathering the information needed to make the decisions that can help keep the United States and