John D. Rockefellar essays

John D. Rockefellar essays John D. Rockefeller is a prime example of what Freuds theory of the pleasure principle is all about. Freud refers to the pleasure principle as the id, which is located in the unconscious state of mind. The id is concerned only with what brings immediate personal satisfaction, regardless of any physical or social limitation(Burger, pg. 48). John D. Rockefeller was born July 8, 1839 and lived until May 23, 1937. During this time frame he became one of the wealthiest men in the United States. Rockefeller grew up on a farm near Richfield, N.Y., before he moved to Cleveland Ohio in 1853. He attended Central High School from 1853-1855 and took some additional courses at a business college before he became assistant bookkeeper for commission merchants Henry B. Tuttle and Isaac L Hewitt in Sept. 1855. It wasnt until 1863, when Rockefeller had decided to enter the oil business, that he began to amass his fortune. He organized STANDARD OIL CO. (OHIO) as its largest stockholder in 1870, directing the company until he retired in 1896, but retaining the title of president until 1911 (Goulder, 1972). It is a fact that Rockefeller did not grow up in a wealthy household and it is also obvious that although his education was limited to only a few college courses, when John D. desired something bad enough, he just went out and found a way to get it. The fact that he continued to retain presidency of his company for 16 years after he was retired clearly shows that he had a need for power and desired to stay at the top of the power pyramid. This is a perfect example of the pleasure principle because the id is only concerned with what an individual wants. By 1880 John D. Rockefeller had become worth 18 million dollars. Money was his key to power and power was everything to Rockefeller. His personal life demonstrates that. He is described as The millionaire, who had lost all of his hair and whose wi...

Unit I Essay Example | Topics and Well Written Essays - 1500 words

Unit I - Essay Example It was formed 15 years ago and has had stable growth till the last three years when it started incurring high costs. The company feels that issues like unexpected temperature drops, outbreak of pests and rising labor costs has lead to the increase in costs in recent years. Moreover, the company intends to expand its facilities and so it must address this major issue of employee turnover. In the recent past employee turnover has increased and key personnel are leaving. This is having a broad effect on internal costs. The acts of hiring new employees, training them, enabling them to grow as professionals all incur huge costs. This is evident by the statistics presented which indicate that company growth is stable at 5% but costs have been rising at an average of 2.5-4% in the past 3 years. If this trend continues then ultimately JRT will head towards major financial losses. Such losses can be very heavy for a consumer product company which needs to invest substantially in marketing and advertising. However, losses would mean slashing advertising budgets. Moreover, JRT’s reputation in the industry will be effected which will lower the moral of the existing employees and in turn reduce their productivity. Key personnel turnover can occur if managers feel dissatisfied and do not see opportunities to grow. The most basic problem arises when senior managers feel their productivity is reaching a stage of stagnation. This could be possible if they feel their job is not challenging enough, or perhaps if they consider it monotonous and boring. For this purpose it will also be important to talk to as many people as possible to gauge the nature and extent of the issues involved. Several in depth interviews need to be conducted in order to find the main cause of dissatisfaction at work To get a better hold of the issue we also need to survey and analyze existing financial documents of JRT. This would include

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

ZipCar - Essay Example Based on the case and financial projections, it is clear that main value drivers of ZipCar include its resources (cars), targeting the right customer segments and operating costs. The following analysis has helped in arriving at some key findings, which can be of great help to not only improve the business but also can add weight to the concept to attract investment. The revised financial projections for ZipCar has incorporated changes with respect to subscription fees according to customers’ needs and has increased the per mile charge in comparison with competitors. Considering the business potential and huge investment that is required for ZipCar to function as expected and to expand, it is also important that it minimizes costs wherever possible. One key area that incurs huge costs is obtaining cars on lease. As per the present projections, ZipCar would require $4,400/year to lease one car and would require an average of 50 cars per year and is expecting to increase the num ber of serviceable cars on a yearly basis. This would mean increase in leasing costs. Moreover, there is also an apprehension that car companies might not find this business promising if they have to lease too many cars to one company. The projections reveal between 10% to 25% growth on a yearly basis. The NPV is calculated using three discount rate assumptions (10%, 15%, 20%) based on the projections (see Exhibit i). The growth of the business as shown in revised financial plan does not indicate any uniformity; however the minimum growth rate is at 14%; hence, calculation of NPV with discount rates assumptions below, above and at that point seemed logical in this case. With similar notion, the terminal value of business has been calculated (Exhibit i). These figures indicate that for an investment of $1.3 million to fetch a growth of at least 15% returns, it becomes necessary that the business maintains a steady growth rate at 10% over next 5 years. In order to achieve this, it is also necessary that profitability is increased for which the below described recommendation might of some help. Besides business expansion, profitability can also be increased by minimizing costs. One possible and implementable solution is to minimize costs incurred by leasing out cars, which attracts much of the investment. This can be done by leasing cars from individuals only a monthly basis (rent) rather than yearly basis. Considering risk factor, it would be better that ZipCar takes 30% of its cars from individuals that do not use their cars too often in exchange of money on a monthly basis. While ZipCar can own the responsibility of these cars in case of damage, it can avoid maintenance of 30% of its cars as it already pays rent to the individuals. The fuel expenses will be borne by the customers. By doing so, ZipCar can save costs incurred towards leasing, maintenance, and insurance of 30% of the cars. Changes in financial projection if such model is adopted has been shown in Exhibits ii and iii; the NPV and TV of the firm after incorporating this recommendation is included in Exhibit i. Exhibit i NPV= Net present value DR = Discount Rate TV= Terminal value of investment Exhibit ii. Recommended model: Exhibit iii: Comparison between original, revised and recommended

Challenges in Auditing Literature review Example | Topics and Well Written Essays - 1000 words

Challenges in Auditing - Literature review Example According to Power (1997, cited in Free, Salterio and Shearer, 2009) auditing can be described as both operational and programmatic elements. The programmatic elements relate to the concepts and ideas that make practice and policy objectives that are existent in the political arena. Goals are formulated with the practices for the levels of programs. These levels are defined when audits are required by the regulatory agencies. The operational elements refer to the concrete routines and tasks that are practiced by the practitioners worldwide. Review The global audit regulatory system is dynamic that includes a number of organizations, which compete among them. Such competition is reflected in the range of actions from political lobbying process to policy publication papers and submission of those papers to the committees. During the period of financial crisis, it is hard to find papers that are audited by the large firms, national audit boards and the professional bodies. Another probl em related to the financial crisis is that, the process in which the assurance operation is carried out and enacted (Kornberger, Justesen and Mouritsen, 2011). Audits aims at drawing general conclusion from the studies that are made regarding a topic. Thus, there is lack of potential use of the statistical foundations like sampling, which often gave limited information and provided with incorrect results. The qualitative studies carried out by Humphrey and Moizer (1990, cited in Kornberger, Justesen and Mouritsen, 2011) and Fischer (1996, cited in Kornberger, Justesen and Mouritsen, 2011) has suggested that the practice of the financial audit work is socially constructed. Curtis and Turley (2007, cited in Kornberger, Justesen and Mouritsen, 2011) has argued that there are huge business risk in the audit works. They have documented the problems that are related to the translation of new concepts that are developed by the officers at administrative levels, into the real audit techniqu es at the general practitioner level. The auditing profession is related to good consequences as well as bad crisis. But the auditing profession has responded boldly to the financial crisis by implementing a number of communication modes and interacting with the governmental and regulatory bodies. The clarification is needed for specifying the exact role and the obligations of the auditors. According to Woods (2009, cited in Kornberger, Justesen and Mouritsen, 2011) the companies often face downturn, when their financial statements are not audited properly and thus it threats the future developments of the company. According to Cherry, Johnson and Veron (2008, cited in Humphrey, Loft and Woods, 2009) suggested that auditing practices can overshadow the standard of financial reporting. Thus, greater focus is to be provided to the volatility of the accounting numbers than to audibility of the traditional financial statements. The imbalance between the two is noticed during the fair va lue debate. It has been suggested by Ryan (2008, cited in Humphrey, Loft and Woods, 2009) that the duration of the crisis can be reduced, if the practitioner of the auditing functions are exercising the Financial accounting System appropriately. The auditors seek to develop a firm ability to make a judgment related to the reporting of the fair values. Ryan (2008, cited

Social Promotion VS. Retention Essay -- Essays Papers

Social Promotion VS. Retention Abstract Social promotion and retention are used for various reasons. Retention is implemented when students have not met the general requirements to begin the next grade. The question that will be addressed is how do social promotion and retention differ? The overall meaning of both will be addressed to give the reader a better understanding of the two. Social promotion is the practice of promoting a student to the next grade level even if the minimum academic factors have not been satisfied. Retention is the approach that is most widely practiced. This is the retention of a grade to reinforce academics. The pros and cons, static’s, and drop out rates will be discussed. All of these factors will be addressed so that the reader can be aware of the opinions on the issues. This critical issue of Social Promotion and retention is a hard one to figure out. Exactly what is social promotion? Social Promotion is the practice of promoting students to the next grade level regardless of their academic progress. How serious id this issue? It is so serious that California, Delaware, South Carolina and Wisconsin have all passed laws forbidding the practice and in effect requiring schools to reinstate retention. What exactly is retention? It is the practice of holding back students to repeat a grade if they have not successfully met the requirements to go to the next grade level. This has been the practice of school systems for many years and The National Center for Education Static’s show that 16.8% of seniors have repeated at least one grade. The most frequently repeated grades were kindergarten through second. Does retention work? In the majority of studies done they... ...es to Help Students Succeed, North Central Regional Educational Laboratory. Kelly, Karen (1) Kelly, K. (1999). Retention vs. Social Promotion: Schools Search for Alternatives . Harvard Education Letter. Albany, NY. Ruldolph, Angela (1) Johnson, D. and A. Ruldolph (2001). Beyond Social Promotion and Retention-Five Startegies to Help Students Succeed, North Central Regional Educational Laboratory. Teachers, American Federation of (1) Teachers, A. F. o. (1997). Taking Responsibility for Ending Social Promotion: A Guide for Educators and State and Local Leaders. U.S. Department of Education. Thompson, Charles L. - Cunningham, Elizabeth K. (1) Thompson, C. L.-C., Elizabeth K. (200-12-00). Retention and Social Promotion: Research and Implications for Policy. ERIC Digest. New York. 161.

And Then There Were None

Vera Calculator: Loved a man named Hugo Hog's nephew was the boy she watched Since the boy was a boy, Hugo lost all the inheritance money and therefore could not marry Vera Cyril desperately wanted to swim out to the rock in the ocean Vera knew he was too weak to Vera told him he could swim out there knowing full well that he would drown The family did not suspect her of killing him, but Hugo knew in his heart that she did so he left her What Vera didn't know was that Hugo loved Cyril Dry.Armstrong: Operated on a lady while he was drunk The sister (nurse) was aware of this but did not tell on him The lady died This memory haunts him Philip Lombard: Not a good leader He left 21 men to die Captain should die with his ship He was a coward for leaving them Intro important pillars Of society. This is how we live our lives Every doctor takes a Hippocratic oath which is an oath to practice medicine ethically and honestly.Vera Swam in easy practiced strokes after him knowing only to surely s he wouldn't be in time He was forbidden to swim out far- his parents forbid him to do this He wants to swim out there- Cyril said this He wasn't strong-very said this. It doesn't say why A small puny child no stamina-Vera said this.. T doesn't sys why The kind of child that perhaps wouldn't live to grow up. Vera says this.Because Hess weak and has no stamina Cyril thought he could swim out to the rock-he says this because he believes he can Vera responded saying she knows he can-she says this because she wants him dead Vera deltoid she would talk to his mom on the beach tomorrow and when she looks up he will be there on the rock waving to her-she trying to encourage him to swim to the rock because she knows he wont make it and he could swim out to the rock tomorrow-Vera says this because she planned a way to kill him in a way that no one will foreknow she did it Cyril told stories-Vera said that he was a liar and always made up stories.She said this because if he somehow made it to the rock then he would say Vera said he could, but since he made up stories no one wildebeest him she pretended to swim out after him-Vera recalls this before she kills herself from the guilt. She wanted him dead so she could marry Hugo Armstrong Operated while drunk Simple job if he wasn't drunk The sister knew Luckily there's loyalty in his profession so she didn't tell â€Å"Dry. Armstrong now. Well-known man. Had a consulting-room in Harley Street. Absolutely straight and aboveboard in his profession. Haven't been able to trace any record of an illegal operation or anything of that kind.It's true that there was a woman called Clues who was operated on by him way back in 1925 at Loiterer, when he was attached to the hospital there. Peritonitis and she died on the operating table. Maybe he wasn't very skilful over the pop-? after all he hadn't much experience-? but after all clumsiness isn't a criminal offence. There was certainly no motive. Christie, Ghats (2009-03-17). And Then There were None (P. 242). Harper Collins, Inc.. Kindle Edition. After marathon dies hashes as nightmare recalling the operating room Lombard Left 21 men to dieClaims it was a matter of self-preservation They were lost in the bush Him and a couple others took what food was there and left Said self-preservation is a man's first duty Intro: explain your moral code east guilty: dry. Armstrong He had no motive Don't know He killed one person He knew what he did was wrong Middle man: Vera She didn't necessarily know he would die. She just hoped he would. Most guilty: Lombard When you accept the position of captain you are accepting to do whatever you have to to make sure your men survive. Even if it means you wont survive.

Chemistry Glossary Definition of Group