Company Law Essay Example | Topics and Well Written Essays - 2250 words

Company Law - Essay Example The tax system also favours debt financing. The share capital and its cost is difficult to determine as there is no schedule that determines the amount that is paid to the shareholders. Furthermore, the tax system does not favour share capital. If a share capital is raised, the person who acquires such shares and becomes member of the company and in accordance with his class is granted certain rights. Thus it can be safely said that there would be a degree of influence which he can exercise over the running of the company. This is so even if the person is a minority shareholder. As far as a lender is concerned, he is generally not entitled to interfere in the running of the company and so as long as the company is complying with the terms of the debenture no action can be taken by the lender so as to influence the policy of the company. In respect of a dividend for the shares, it needs to be paid only if there is a profit and that too is discretionary that is the directors decide upo n whether it should be paid or not. Contrary to shares, the interest on debt finance must be paid in accordance with what had been agreement upon and is in no way dependent upon the profits of the company. Thus even if there are no profits, the capital has to be used so as to pay the interest failure of which would entitle the lender to appoint an administrator or receiver, in accordance with the terms and conditions of the agreement. As far as dividend is concerned, it is not a deductible expense because of the fact that is a distribution of profit and a corporation tax has been deducted from it. However, in respect of the interest for the land and because of the fact that such has been taken as a trading expense and is taken into consideration for computing trading profit, tax is deductible. In respect of share capital a company normally does not have to repay its members the capital which was invested in the company, when company is wound up. Thus the directors do not have to con sider this point. However, for loan capital, there is a date in future on which the loan has to be repaid, which can also be on demand, thus the directors have to consider this and ensure the availability of funds whenever the loan falls due. Thus debt financing may increase earnings per share but there might be a reduction in share price. Thus if investors find that too much has been borrowed then they might sell shares resulting in the company to have greater liabilities than its assets. Thus the directors have to take this into account and to maintain the gearing ratios and to raise share capital and debt finance accordingly. Thus the directors of Green Books Plc would benefit from the advantages listed above and suffer from the disadvantages as well. (ii) In respect of charges, most of them need to be registered with the Companies Registry (CA 2006, s 860) and would be void against liquidator, administrator or creditor who has an interest in the secured assets if not registered (s.874). However, it is important to mention that the contract that is existent between the lender and the company would still be held valid. As for fixed charges over land they must be registered in HM Land Registry. As far as securities are concerned the most attractive ones are buildings etc. A number of fixed charges can be created

Agile Software Development Process Coursework Example | Topics and Well Written Essays - 1500 words

Agile Software Development Process - Coursework Example The paper will explain how the agile development process works based on stand-up meetings, product, and sprint backlogs as well as project charter. In addition, scenarios will be utilized to give examples of techniques such as class diagrams, activity diagrams, and stakeholders. The manifesto for agile software development also known as agile manifesto is a formal proclamation of twelve principles and four key values to help guide people-centric approach and iterative approach to the development of software. Agile software development targets delivery of functional bits of application, keeping codes simple and testing often applications when they are ready. The software was created as an alternative to heavyweight and document-driven software development processes that includes the waterfall approach. The 4 core values of the agile software development emphasize on various issues that include; individuals and interactions over tools and processes, customer collaboration over contract negotiation, working software over comprehensive documentation as well as responding to change over following a plan (Aoyama, 2010). The 12 principles that have been laid down by the agile manifesto have been adapted for managing IT related projects and variety of businesses including business intelligence. They include; customer satisfaction through continuous and early delivery of valuable work, breakdown of big work into smaller components that can be tackled easily, recognising that teams that are self-organized are able to perform work better, providing of motivated individual with support and environment they need and offer them trust to get the job done (Carroll, 2012).

The Social, Economic, and Political Situation of Kuwait post Gulf War Essay

The Social, Economic, and Political Situation of Kuwait post Gulf War 1990-1991 - Essay Example Even before the Gulf War, Kuwait was facing some political conflicts with Iraq regarding territory occupation, oil, and debts. However, the political system and foreign relations of Kuwait altered after Iraq’s invasion, along with a constant fear of another attack from Iraq. The Gulf War also had a significant impact on Kuwait’s social conditions, especially on the role of women and Shiites, attitudes regarding Palestinians, and social welfare of the people. Although Kuwait gained victory from Iraq within days of the invasion, the social, political, and economic situation of Kuwait post war was a far cry from the situation that existed before the war (Ashkanani, Hadi Ridha., Shears, Jane. 21; Czinkota, Michael R., Ronkainen, Ilkka A. 618; Crystal, Jill. 176; Isiorho, Soloman A., Gritzner, Charles F. 85, 94, 95; Fasihuddin; Omar, Abdullah; Shenon, Philip; Finlan, Alastair 83, 84; Cordesman, Anthony H 14, 15; Al-Mughni, Haya; Federal Research Division 83; Cushman Jr, John H.). Before the Gulf War, in the eighteenth and nineteenth centuries, the economy of Kuwait was mainly based on trade. It gained a lot of maritime advantage through trade with Asia, Africa, and Europe because of its strategically located natural port. The dependence of Kuwait’s economy then shifted to pearl diving in the nineteenth and early twentieth century. The reason for this was also the gulf, which provided natural pearl banks for harvesting by merchants and sailors. Closely linked to pearl diving was the emergence of the shipbuilding industry, as well as fishing. Trade and maritime occupations remained important monetary sources for Kuwait’s merchant class and foreign orientation till 1990. However, this economy was not enough to provide for most of Kuwait’s population, especially those outside the merchant families and ruling families. Pearl diving slowly began to decline, and came to a sudden halt in the 1920’s due to the Great Depression and Ja pan’s manufacture of an alternative for natural pearls (Federal Research Division 84, 85). Nevertheless, Kuwait’s economy got a chance to thrive when petroleum was discovered in its region in 1938. Its drilling was disrupted as a result of the World War, but then resumed in 1945. Kuwait further got an opportunity to prosper when oil was explored, produced, and exported in the 1950’s. A lot of revenue was gained due to the high demand of oil by foreign countries, and this revenue was used to improve Kuwait’s economy. Industries, social and physical infrastructure was built, along with much spending on the social and economic welfare of Kuwait’s people. This period between 1960 and 1980 was known as the ‘construction boom’, and became a magnet for large number of workers, especially from Iran, South Asia, and Arab countries. The strategic location of Kuwait’s gulf, and its enhanced communication and port facilities, contributed to an expansion of re-exports, trade, and many other commercial activities (Federal Research Division 85; Fasihuddin). However, the invasion and take over by Iraq led to various adverse economic consequences for Kuwait and disrupted its continuous economic development. The first thing Kuwait’s economy had to face was the hefty costs incurred as a result of the war. When Kuwait’s rulers had gone in exile, they had drawn down from Kuwait’

Teligions of Southeast Asia Essay Example | Topics and Well Written Essays - 750 words

Teligions of Southeast Asia - Essay Example The beings that reside in these inter-penetrable mediums often hold corresponding formations as well as varying mixtures of actions. Temiars envisage a corresponding allotment of potentially independent souls in diverse beings ranging from humans, plants, animals, along with landforms; all possessing the respective segments, such as heart as well as soul for humans. Attached souls would be discharged as free spirit particularly in form of a vision, dream, along with infirmity. The collective entities of either â€Å"upper or lower, as well as bound or unbound† souls ensure association, as well as convey information among humans along with nonhuman mediums as noted by Roseman (6). Temiar precepts also suggest that this connection of resemblance forms the basis for dream as well as trance encounters hence endorsing a song symphony, apart from enhancing infirmity. This is when free medium’s in spirit form; from the bodies of both wilderness, as well as settlements are liab le of involving humans in optimistic exchanges as spiritguides, or wicked ones acting as infirmity agents. Wilderness is not against settlement as in the case of risk when compared to safety, which is often exhibited in Malays; with both realms experiencing compassionate and awkward dimensions. Over the dreams, the free unbound head soul of the halaa’s would be attached to either the free upper or lower spirits of various natural bodies, such as a tree or a tiger, whom would guarantee their aspiration to operate as the â€Å"dreamer’s spiritguide† (Roseman 6). The interaction will then be endorsed via a song performance from the spiritguide to the halaa. Subsequently, by conveying the song through a ritual performance, the halaa might become obsessed with the vision, accent, as well as the ideology of the spiritguide. Reciting the song should automatically connect the character with the spiritguide; hence he or she would be presented as a halaa for the spirits; the character may then detect as well as cure infirmity. According to (Roseman 21), the songs would recommend the beings to follow a certain path. The spiritguide can then point at a respective route in the song; then the halaa, with the aid of the spiritguide, might convey the song, explaining the visions as well as views, as observed by the spiritguide in its excursions. The outlined route would connect diverse entities involving the spiritguide, and halaa among other ritual partakers. The Temiars explanation presumes that the core influence of the route reflection is derived from their persistent journeys and everyday duties such as traveling within the jungle, and the river ways traversing the wilderness alongside the settlements (Roseman 8). The invasive sensate acquaintance with the path is often assigned a figurative outlook within the basic metaphor, whereas tracing the route, and mastering the path across the jungle, entails imperative intellects in Temiar culture (Roseman 2). Conversely, failing to master the path, as well as getting mislaid in the wilderness would be fatal. Besides, infirmity often arise when an individual’s liberated head soul have been waylaid. As reported by Roseman (8), diagnosis as well as remedy entails â€Å"singing a way, of finding the head soul,† alongside driving it back to the settlement. Though, if the chorus line slips ups while reciting halaa’s first phrase, the being might be considered to have missed the route. The song

Lab Report On Sensory Threshold Essay Example for Free

Lab Report On Sensory Threshold Essay Lab report on Sensory Threshold In this lab the purpose is to test the sensory threshold of a human body. To say it in terms that are easier to understand, we are testing how accurate certain points are on a body with response to touch. We are using three points on the body, the forearm, palm, and index finger. With these three points we will be testing to see how sensitive each point on the body is by measuring the distance of which we can feel one or two points. The part of the brain that allows us to feel, the somatosensory cortex, is mapped out in relation to which parts of the body it processes its touch. Parts of our bodies have different densities of pressure receptors, the densities of these receptors correlates to the amount of brain tissue devoted to processing the somatosensory information. The face for example has a high densities of pressure therefor the somatosensory cortex has a large amount of area for the face, compared to the leg that doesnt have as much pressure receptors, and therefore uses a small area of the somatosensory cortex. (See illustration Fig. 511) With this information about how touch relates to the somatosensory cortex I expect that the index finger will be the point where we are the most sensitive then the palm followed by the forearm. The index finger should be able to detect the smallest distance between pokers than the palm or the forearm. To test the threshold of the human body we took a divider with two sharp points on the end of it. With the pointer we were able to set it to different measurements. We used measurements from .25 centimeters to 4 centimeters with an increment of .25 centimeters. After me measured the distanced out we taped the individual with the point, set to a certain distance, on either ; the forearm, palm, or index finger. The individual then had to decide wether we poke them with ether one or two points. Every once and a while we would tap the individual with one point so that they wouldnt be able to just guess that we were using two points. To keep everything on track we chose one side to do the testing on, and varied the distance of the pointer throughout the experiment and also the location of the tap. After conducting this experiment we compiled all of the data from every PSY  201 lab class and averaged the results together to give us a larger testing group. With the data we took the average of the percent correct for each distance for each position on the body. (see fig 1.1 From the data we noticed that the index finger had the greatest sensitivity with 67% of the answers were correct at .25 centimeters. The forearm seemed to be the next sensitive at .25 centimeters with 22% answering correct. The palm seemed to be the least sensitive at the smallest distance, .25 centimeters, with only 18% getting it correct. In the smallest distance there seems to be some what of a deviation from what the rest of the data states, because in the rest of the data the palm seems to be more sensitive with the percents being higher with correct answers, so it seems that the palm is more sensitive than the forearm. As the distance of the pointers increased so did the percent of correct answers, with a larger pint it seems as though it is easier to distinguish between on and two points. The index finger started to reach 100% correct at the distance of 1.75 centimeters, compared to the palm obtaining 100% correctness at 2.5 centimeters and the highest that the forearm ever got was 78% correct at 4 centimeters. This data seems to show the relation to he area of the brain tissue used in the somatosensory cortex does relate to the sensitivity of a particular area. The finger has the largest area then the palm has the second most area followed by the forearm with the least area amount. This experiment happened as I thought it would with the finger being able to detect the smallest distance followed by the palm and then the forearm. The index finger data shows that it was able to detect a tap from two points at a distance of .25 centimeters apart 67% of the time that is a very good strong average proving that it is the most sensitive of the three. In the .25 distance for the palm the average was only 18% correct, yet when tested with a poker with a distance of .5 centimeters the average percent correct jumped up to 40%. It seem as tough there was an error at this distance for the palm perhaps both pointers didnt hit or even the tester might not of taped them good enough. This large of a jump deviates to much compared to the next increment to be correct. The rest of the percents seem to rise a little as the size goes up by around 2% to 18% seeming like they are a  normal jump. Just as I predicted the forearm is the least sensitive of the three, it never reached 100% at any distance and the numbers didnt get very high relaying that it is the least sensitive. In my graphs you will notice a trend, that as the distance of the pokers increases so does the percent correct.(fig 1.2-1.4) This is because by increasing the distance between the pokers your touching the same pressure receptors and so they translate easier wether it was one or two. Also the percents were the highest for the Index finger followed by the palm and then the forearm and the greater sensitivity relates back to the area used in the somatosensory cortex. Perhaps to better test the points on the body we could use a smaller distance an see how small of a distance the index finger can notice this would give us a better idea how sensitive the fingers are. This data compile d from our experiment helps to support the idea that the more sensitive parts of our body use more brain tissue in the somatosensory cortex.

How to Not Get Your Head Ripped Off By a Bear Essay Example for Free

How to Not Get Your Head Ripped Off By a Bear Essay Please be aware before you read that if you have already encountered a bear and had your head ripped off then this will be at no help to you and you should stop reading now. To those of you that are reading this for entertainment, I want to ensure you that bear attacks are a serious matter and many of you walk through the woods not knowing what dangers await you. The horrifying truths of the woods start with bear attacks. You may think they are rare now, but in reality bears are large hairy monsters just waiting for a chance to rip your head off and lurk through your trashcans. I hold right here the steps of survival and the tools you will need to not get your head ripped off. If you continue to read then please follow every step accordingly and do not wonder off or skip a step. The first thing you need to know is the tools to not get your head ripped off by a bear. The first thing you must never forget is a cool head. I am not saying to stick your head into a freezer for one hour and walk around in the woods. A cool head simply means to stay calm. When you see the ferocious bear you will want to run off screaming like a little girl, which will result in you tripping over your own two feet and getting your head ripped off. The second tool you will need is extremely good acting skills. If you can outsmart your dumbest friend, then you sure can outsmart a bear. If you need some help on your acting I am sure you can go to Books-A-Million and buy Breaking into Acting for Dummies for only about $16.00. The last tool you will need is a new pair of underwear. When even the biggest man faces this beast he will not be able to hold the pee in. Don’t be embarrassed of the new wet spot that surrounds that area, because it is completely normal and we all understand. Some optional tools you might want to consider is a killer right hook and a large, abnormal pet that can eat the bear. Now that you know the tools of not getting your head ripped off by a bear, you now need to learn the process. You are now walking through the woods and you look to your left and see a large bear. Luckily, he is too busy scratching its butt on the tree to notice you. You need to back away slowly and step very soft upon the leaves crushing underneath your feet. Make sure you also look behind you will walking backwards in case a tree limp inches itself in your way and trips you causing a loud noise. Once you are out of the bear’s sight, choose a comfy sitting spot and stay put for about thirty minutes. I recommend you singing Baby by Justin Bieber so that the bear knows you are there, and when it chooses to leave and it will most likely avoid you simply because you are singing that song. Also avoid eating at all costs. You may want those sweet and salty peanut butter crackers in your bag, but the bear will smell them and will charge after you wanting the food. This will result in you getting your head ripped off. If you think that the coast is clear and you are ready to resume your walk, stand up slowly looking around you. I recommend singing Friday by Rebecca Black just to make sure no bear while come within singing distance of you. Even the bears understand how repulsing that song is and will run away crying if the tune even rings in their ears. But even though you sang the song, you are the unlucky person on this day that runs into a bear still. In this particular situation, do not make eye contact. The bear will take the eye contact as a direct threat to his authority and he will rip your head straight off your body. This time he might even take the opportunity of ripping your arms off as well. Instead, back away from the bear very slowly and speak kind words. For example, try saying that he looks extremely handsome today or maybe try telling him that you are just an innocent person and do not mean any harm. I am sure he can hear everything you say perfectly. Remember to avoid eye contact. Tip: Now would be a great opportunity to make sure you are right with God. Oh no! The ferocious bear has started charging at you. Whatever you do, do not think you can outrun the bear. He may be 365 pounds of pure meat, but he will chase you down and automatically rip your head off. So the best thing you can do in this situation is to stand perfectly still like you have been frozen solid. When the bear hopefully stops charging, try backing away slowly and singing I Will Survive softly to the bear. If you have followed all these steps perfectly and for some reason this bear is out to get blood, then quickly curl up in a ball. Protect your head with your arms so that he cannot just swipe your head right off. Now this is when the optional tool of a killer right hook comes in. If you can, try using your special tool and knock that bear right in the nose. He will feel the authority you withhold and walk right on with his business, like catching fish or maybe even attacking another human or their trashcan.

Denying Treatment To Smokers

Denying Treatment To Smokers For many years, smoking has been one of the most popular topics in our health education. Many people are aware that smoking causes a great deal of diseases ranging form minor cough to deleterious lung cancer. However, many smokers tend to continue their hazardous habit despite advices from health care providers and campaigns from many organisations, hospitals or even local pharmacies. Hence, the question is Should patients who refuse to stop smoking be prevented from getting treatment from National Health Service(NHS) for smoking related diseases? It is a common fact that individuals will take responsibility of their health implications if they have to bear the cost of their own health, but when government body such as the NHS bears the health cost, moral obligations of doctors and NHS are brought to question if they deny these individuals of treatment due to their behaviour. In this discussion we will consider the general outlook of smoking, smokers involved and the pros and cons of denying treatment. Smoking generally has been a norm in our modern culture and is highly popular among men. More interestingly, the practice has begun as early as 5000 BC to 3000 BC in south America when tobacco was first planted [1]. Tobacco is used in medicinal purposes such as analgesic and antiseptic, ritual ceremonies whereby tobacco was offered to the Gods, insecticides in agriculture, drunk as tea, etc [1]. Tobacco was thought to have medicinal properties that can help cure and prevent cancer in the sixteen century. Ironically no one knew of the hazardous consequences of smoking until the early twentieth century. The first evidence of the effects of smoking related disease occurred in 1950 particularly link to lung cancer. Since then more researches and investigations have been carried out on the effects of smoking towards health. By the late twentieth century, much evidence have proven that smoking cigarettes is a major cause of heart disease, COPD (Chronic Obstructive Pulmonary Disease), strok e, numerous types of cancer such as lungs, cervix, oral cavity, penis etc. In addition smoking also increase the impotence rate among men and abortion among pregnant mothers. Since then many health care providers as well as government authorities have begun to take serious measures such as launching anti smoking campaigns, increase of tobacco taxation and educating the public on the dangerous effects of smoking. Before we explore further, we must first ask ourselves another relevant question which is Why do smokers continue to smoke despite knowing the bad consequences that will befall their health? According to a survey, 90 per cent of regular smokers have tried to quit on at least one occasion but only 36 per cent had succeeded in maintaining abstinence for a whole year, while relapse rates after a given period of time are almost the same for nicotine as for heroin [2]. In biological terms, it seems that smoking causes an addition for nicotine in the human brain which is rather difficult to overcome by smokers. Furthermore, in campaigns; smoking related disease are usually related to the dangerous lung cancer and common COPD (Chronic Obstructive Pulmonary Disease) but the risk of circulatory diseases such as Buergers Disease [3] and coronary artery disease are seldom emphasised. For example coronary artery disease patient needs to undergo coronary artery bypass graft surgery [4] where surg eons need to carry out a major operation. In these cases, surgeons usually consider the minimum side effects and maximum benefit of the surgery for a patient. This is rather a tricky part for NHS as major operation usually contributes to a huge amount of medical cost. Apparently NHS spends  £5.2 billion a year to treat smoking related diseases [5]. In addition, circulatory disease also contributes to the highest patient admission in NHS compare to other smoking related diseases with a number of 686,942 patients in year 2007/08 [6]. It is also equivalent to 47.6% of the total admission which is cause by smoking. Furthermore the complications of this surgery are higher among smokers who continue to smoke after surgery than for non smokers. Coming back to the major question, if NHS denies treatment of this kind to smokers who refuse to stop smoking, more opportunities are given to a non smoker with the similar disease to receive treatment as there are more surgeons and hospital beds available to treat them. Moreover the surgery performed is more efficient and effective. In addition, their survival chances are also higher compare to those who continue smoking after surgery [7]. Apparently, smoking at any time of the surgery leads to more infections and impairs tissue healing. Studies have shown that overall complications in knee or hip arthroplasty for those who have quit smoking are 10% compared to 44% in those who continue to smoke [8]. On the other hand, money could be saved and be contributed to other areas such as to the smoking cessation service such as ASH (Action of Smoking and Health). Currently the NHS Stop Smoking Services is spending about  £57.5million in year 2008/09 in pharmacotherapies to help smokers t o quit smoking. Comparatively, 337054 smokers managed to quit smoking by the year 2008/09 through NHS Smoking Cessation Services [9]. Besides, non smokers who are usually the victims in passive smoking may also benefit by getting a cleaner and smoke free environment. However, this move is ethically wrong according to the NHS principles where principle number one states that The NHS will provide a universal and comprehensive service with equal access for all, free at the point of use, based on clinical need, not ability to pay and principle number five states that We will treat every patient with dignity and respect [10]. To summarise both principles, it states that NHS should provide equal treatment to any patient based on their clinical needs and also respect their health care rights regardless of their background to seek medical treatment. Denying treatment from smokers also means that taking health care rights away from them and it is a rather inhuman act to do. Besides, it is also ethically wrong for doctors to deny patients right of treatment as it contradicts with the doctor-patient relationship and it is against the Hippocrates law which states that The health of my patient will be my first consideration [11]. Doctors working under NHS must abide with the oath and carry out their duty to treat their sick patient. Therefore doctors who work for the NHS should not be influence by the situation of NHS to offer treatment to their patients who smokes. In addition, let us view on patients right for treatment; according to the Declaration of Lisbon, The patient has the right to accept or refuse treatment after receiving adequate information [12]. In other words it also means that it is the patients right to decide whether he should receive the treatment and not the authorities such as NHS. In a nutshell, the patient also has the right to be cared for by a physician who is free to make clinical and ethical judgement without any outside interfere nce. Based on the pros and cons, I would like to conclude that it is unfair for NHS to deny treating patients who smoke. This is based on several reasons; firstly, NHS should not discriminate against patients who smoke owing that they knew the health implications of their hazardous habit. Many may argue that smoking related disease is a self inflicted but in most cases the situation is far more complicated than it seems from the surface. For example, smokers may smoke due to several factors such as peer pressure, family problems and cigarette advertisement in the early twentieth century. In addition to that, the addiction to nicotine is similar to heroin. Many have tried to give up smoking but chances of succeeding are slim as they might be shy to consult their health care provider and it is challenging to go against the addiction. Furthermore NHS smoking cessation services was recently set up in the early twenty first century. As humans, we err as well and we should be given an opportuni ty to correct them. Therefore I feel that smokers should be given more time to quit smoking and more anti smoking campaigns should be launched to create more awareness instead of taking a drastic move as to deny treatment to patients who smoke. On the other hand, other alternative ways such as raising tobacco tax is an effective measure to encourage smokers to quit and increases the number of people who never smoked before. Very recently, the UK government is considering to increase the tobacco taxation by 5% and a survey on its effects was carried out by ASH [13]. One of the major advantages in this policy is it help reduce the number of smokers and increase NHS cost saving. In a nutshell, I think it would be better to continue treating patient who smokes as well as to increase tobacco taxation and having more smoking cessation campaigns.