Philosophy Is What You Know - 1314 Words

British logician Bertrand Russel once opined, â€Å"Science is what you know. Philosophy is what you don t know†. Russell’s logic assumes philosophical discussion to be mere speculation. Russell’s logic aside, philosophies serve to provide an academic field its notional base. Serving as overarching theories, hypothetical philosophies are comprised of foundational principles and precepts. Like any conjectural philosophy, this one will speculate about effective leadership’s foundational precepts and principles. This treatise addresses four (4) foundational precepts and three (3) guiding principles comprising my personal philosophy toward effectual leadership. The Precepts A codified instruction, tenet, or canon, precepts regulate or govern†¦show more content†¦Idealized Influence (II) requires leaders to serve as an exemplar to followers. Inspirational Motivation (IM) obliges leaders to stimulate and encourage followers. Considered the most formative TL component, Individualized Consideration (IC) demands leaders hold developmental and supportive concern for followers. Finally, Intellectual Stimulation (IS) necessarily demands follower cognitive growth as a leader charge. Precept #3 deals with worthy leadership. Leaders must provide followers worthy leadership or cease to serve as leaders. Not all leaders are worthy leaders. In fact, research suggests most aren’t. Thompson, Grahek, Phillips, and Fay (2008) define worthy leaders as those with â€Å"ability to guide, direct, or influence people in a way that has great merit† (p. 366). In short, worthy leaders possess the â€Å"capacity, commitment, and character† to lead (p. 368). Take Hall-of-Fame basketball coach Bob Knight for example, Knight suggests he lost his fitness as a worthy leader by failing in his commitment to coaching at the highest level. â€Å"My competency was never in doubt†, explains Knight. â€Å"Nor was my character ever in question. I simply no longer wanted to suffer rigors or make personal sacrifices associated with coaching at a championship level.† Being a fully worthy leader demands leadersShow MoreRelated The Importance of Philosophy Essay1171 Words   |  5 PagesThe Importance of Philosophy The question is Philosophy. Why is it important? What makes it important? To answer theses questions you first have to know what philosophy is. Philosophy is defined as: the pursuit of wisdom; a search for a general understanding of values and reality by chiefly speculative rather than observational means. This is the written definition of philosophy, but I think philosophy can’t be defined to just words. It’s more then words. Philosophy to me is an attempt to understandRead MoreI Am Gained Through Philosophy, Even For The Computer Science Student1712 Words   |  7 PagesThere is knowledge to be gained through philosophy, even for the computer science student. When I first learned that this was a required course for my degree curriculum, I did not believe I would find value in taking the course. Now I am going to present my evaluation of why I have changed my mind. What is the definition of philosophy? The dictionary would define it as â€Å"the study of the basic ideas about knowledge, truth, right and wrong, religion, and the nature and meaning of life†. My firstRead MoreIntro to Philosophy955 Words   |  4 PagesIntroduction to Philosophy Essay There are many reasons one should study philosophy. The study of philosophy can ultimately change the way a person lives and unlock some deep questions about the meaning of their life. Questions you ask yourself such as why you are doing the things you are doing or where your life is heading or what you want to become in life can be answered throughout the study of a philosophy course. Understanding philosophy is the key in motivating us as individuals to exploreRead MoreSocrates : A Classical Greek Philosopher And The Father Of Western Thought752 Words   |  4 PagesSocrates was a classical Greek Philosopher and the father of Western thought. He was born in Athens Greece, in (c. 470-399 B.C.E.) (Archetypes of Wisdom, 95) Little is known about his life, but what we do know through the writings of his students, especially Plato, is that Socrates had a unique philosophy and charisma. Socrates was born to Sophroniscus a sculptor, and mother Phaenarete, a midwife. Because he was not from a royal family it is assumed that he most likely received an ordinary GreekRead MoreWhat Role Does Philosophy Have in My Life?822 Words   |  4 PagesWhat Role Does Philosophy Have in my Life? In many circumstances individuals consider Philosophy to be a very abstract field, but what exactly is Philosophy? Philosophy studies the basic nature of existence, of man, and of mans relationship to existence. What we must question is, would one be better off with or with out Philosophy? I consider that one should live a life with Philosophy. Philosophy consists of questioning man’s relationship to existence; if man does not question existence, are weRead MoreDescartes : The Father Of Modern Philosophy1055 Words   |  5 Pageson First Philosophy,† 182) Rene Descartes is widely considered the father of modern philosophy. He created many new ideas about the self, which is something that has been contested since the dawn of philosophy. Even now, the world is nowhere near a unified thought on the soul. Descartes is most famous for addressing this, and is often summarized by the famous â€Å"Cogito Ergo Sum (I think, therefore I am)†Descartes offers a great deal of important thought on what we as humans really are, what our soulRead MoreLeadership Philosophy : Leadership And Coaching Philosophy1621 Words   |  7 PagesLeadership Coaching Philosophy If we want to study and explain a leadership and coaching philosophy. We have to know really well what a philosophy means. Philosophy is a theory or attitude held by a person or organization that acts as a guiding principle for behavior. Philosophy is defined as the rational investigation of the truths and principles of being, knowledge, or conduct (Mertz, 2014). Furthermore we need to know about what being a leader means. Leadership is having a vision, sharing thatRead MoreThink Philosophically1283 Words   |  6 Pagesvaluable aspects in our lives. We don t only provide our mind with education, but from other s experiences and our beliefs as well. The examples of philosophy based on my convictions, beliefs are: who created this universe, why does gravitational laws exists, and why is there no treatment for schizophrenia? I think what Russel clarifies in his philosophy is that we can t justify a belief without logical reasoning, therefore we have to discover the roots and the reasons by combining science, with otherRead MoreComponents Of An Educational Philosophy1038 Words   |  5 Pagesperson’s philosophy is defined as, â€Å"A theory or attitude held by a person that acts as a guiding principle for behavior.† If a person’s philosophy shapes his or her actions, then it is vital for any professional to have a good philosophy in their profession, so their actions follow suit. Therefore, it is important for an educator to have a solid philosophy of education so that his or her teaching is effective and right before God. Six important components of an educational philosophy are metaphysicsRead MoreMy Per sonal Philosophy Has Changed My Life1351 Words   |  6 Pages My personal philosophy has grown greatly since starting Palmer College of Chiropractic. Before coming to school I did not know that even a philosophy existed. I knew I wanted to join this profession because I got a glimpse of what Chiropractic care can do to people. While deciding what school I wanted to attend, I weighed heavily how many techniques were taught, how many clubs were offered, and what study abroad options were available. Palmer Davenport was last on my list. I already sent in my

Short Story - 721 Words

â€Å"We’ll need a couple of blankets.† Chase told Sylvester. â€Å"We do?† He questioned. â€Å"Yea, we are about to leave town!† â€Å"We are?† He questioned again. â€Å"Atlanta.† â€Å"And how do we get there?† Sylvester asked. Chase evaded the question. â€Å"When we leave here, were going to that abandoned Goodyear Tire building across from the park! Sylvester wanted to hear more. We sneak in the building. Steal a few blankets from the tramps that live there while they are out, running around looking for food!† â€Å"What if someones there?† â€Å"Well,† Chase heaved in a deep breath, stared at Sylvester and said. Well have to deal with it as we go!† â€Å"Deal with it?† Sylvester asked. â€Å"You arent gonna cop-out on me are you?† Not wanting to look cowardly, he told Chase.†¦show more content†¦He stepped around Chase, grabbed some blankets, shook them out, rolled them up and they left. When they reached the plywood board downstairs, they heard some men outside talking. Chase grabbed Sylvester by the hand and led him in the dark to one of the building support pillars that extended out from the wall. He put his back to the wall and he saw Sylvester doing the same to hide from view. The plywood board moved away. Sylvester tensed up. Chase tensed up. Sunlight showed up the lifts. A man came in, wearing loose clothes. He took advantage of the light and moved swiftly over the lifts to the steps. Two more men came in, their voices slurred. They both heard the board dragging across the floor and it was dark again. Two men went carefully where they stepped to the steps. Chase came from behind the pillar with Sylvester and they went quietly to the plywood board and waited for the last two men to get up stairs. â€Å"Hey, some motherfucker was in here!† The man up-stairs hollered. The two men going up the steps hurried to get inside the room. â€Å"What they take?† One asked. Chase moved the plywood board aside just a little and he, and Sylvester snuck out with the blankets. He put the board back, and they walked fast to the next corner, turned, and went towards downtown. â€Å"Shouldnt we be going the other way? Sylvester warned. They can see us with these blankets if they come out!† â€Å"A chance we have to take!† Chase told him. Was he up to fighting those menShow MoreRelatedshort story1018 Words   |  5 Pagesï » ¿Short Stories:  Ã‚  Characteristics †¢Short  - Can usually be read in one sitting. †¢Concise:  Ã‚  Information offered in the story is relevant to the tale being told.  Ã‚  This is unlike a novel, where the story can diverge from the main plot †¢Usually tries to leave behind a  single impression  or effect.  Ã‚  Usually, though not always built around one character, place, idea, or act. †¢Because they are concise, writers depend on the reader bringing  personal experiences  and  prior knowledge  to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words   |  5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words   |  8 PagesShort story: Definition and History. A  short story  like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), â€Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.† In the Cambridge Advanced Learner’s DictionaryRead MoreShort Stories648 Words   |  3 Pageswhat the title to the short story is. The short story theme I am going conduct on is â€Å"The Secret Life of Walter Mitty’ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words   |  5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories â€Å"Miss Brill† and â€Å"Frau Brechenmacher attends a wedding† written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. 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This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of eventsRead MoreRacism in the Short Stories1837 Words   |  7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words   |  7 PagesThe short stories â€Å"The Idol† by Adolfo Bioy Casares and â€Å"Axolotl† by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intr uding our mind, causing the individual to not be able to ignore these thoughts. In â€Å"Axolotl†, the narrator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. In

Financial Ratio Analysis Legal and Tax Environment

Question: Define, analyse, synthesise, critically discuss and interpret financial accounting reports and strategies and key concepts and comparative models, and relate this to the formulation of financial strategy and financial decision making within businesses and organisations. Identify, analyse and solve financial problems related to business enterprises, particularly within the contexts of corporate investment, asset management and financing decisions and strategy, and analyse the impact of economic, legal and tax environments on the strategic, operational and financial position of the firm? Answer: The 2 companies chosen for comparison are Easy jet and the first group plc. These companies have been undertaken due to their good services for the travellers. The Easy jet company is one of the leading airline companies of Europe that operates across 6,000 routes across more than 30 countries with the fleet of over 200 airbus aircraft. The company employs about 8,000 people and comprises of 2,000 pilots and 4,500 cabin crews. The company flew 60 million passenger during the last year. The company has the strong position in the following key markets: No. 1 at London Gatwick, London Luton, London Southend, Bristol, Edinburgh, Milan Malpensa, Naples, Venice, Nice, Basel and Geneva; No. 2 at London Stansted, Paris Orly, Paris Charles De Gaulle, Lisbon, Lyon, and Rome Fiumicinowith over300 million peoplewithin aone hour driveof an EasyJet airport. (Corporate.easyjet.com, 2015) The second company under review is known by the name of First group plc which is the leading transport operator in the United Kingdom and North America. The company has the revenues that exceeded to more than 6.7 billion during the year 2013-14. The services of the company helps it creating a strong and a vibrant opportunity of providing the choices to the customers and the communities. During the previous financial year, about 2.5 billion people were transported by the company to get to work, education, visit fmailities and friends and much more. The company employs about 117,000 employees to render the services. The company has about 5 operating division and leading positions in the markets. (Firstgroupplc.com, 2015) This report aims at discussing the ratios and the significant items in the income statement, cash flows statement and the balance sheet. Further, this report aims at throw some light on the other aspects that have been stated in the annual report of the company. Ratio analysis: Easy Jet: The following is the required ratio analysis: Particulars 2014 2013 2012 2011 2010 Remarks Solvency ratios: Total liabilities to net worth ratio: 1.04 1.19 1.21 1.30 1.36 Decreased Total liabilities 2,250.00 2,395.00 2,169.00 2,225.00 2,040.70 Net worth 2,172.00 2,017.00 1,794.00 1,705.00 1,500.70 Fixed assets to net worth ratio: 1.17 1.13 1.34 1.26 1.28 Decreased Fixed assets 2,542.00 2,280.00 2,395.00 2,149.00 1,928.10 Net worth 2,172.00 2,017.00 1,794.00 1,705.00 1,500.70 Leverage ratios: Debt equity ratio: 0.79 0.91 1.10 1.30 1.36 Decreased Debt 1,726.00 1,830.00 1,978.00 2,216.00 2,040.70 Equity 2,172.00 2,017.00 1,794.00 1,705.00 1,500.70 Interest coverage ratio: 52.82 20.71 41.52 8.97 6.50 Increased Operating income 581.00 497.00 331.00 269.00 173.60 Interest expense 11.00 24.00 25.00 30.00 26.70 Profitability ratio: Gross profit ratio: 0.31 0.29 0.27 0.27 0.40 Decreased Gross profit 1,383.00 1,250.00 1,038.00 920.00 1,179.50 Revenue 4,527.00 4,258.00 3,854.00 3,452.00 2,973.10 Net profit ratio: 0.10 0.09 0.07 0.07 0.04 Increased Net profit 450.00 398.00 255.00 225.00 121.30 Revenue 4,527.00 4,258.00 3,854.00 3,452.00 2,973.10 Operational efficiency ratios: Total asset turnover ratio: 1.02 0.98 0.88 0.81 0.77 Increased Net sales 4,527.00 4,258.00 3,854.00 3,452.00 2,973.10 Average total assets 4,447.00 4,353.50 4,382.00 4,235.75 3,837.75 Equity turnover ratio: 2.16 2.23 2.20 2.15 2.12 Increased Net sales 4,527.00 4,258.00 3,854.00 3,452.00 2,973.10 Average total equity 2,094.50 1,905.50 1,749.50 1,602.85 1,404.00 The total liabilities to net worth is the ratio that is expressed between the total liabilities and the net worth. The ratio shows that it has only increased over the years which is s positive sign. The total fixed assets to net worth is the ratio between the total fixed assets and the net worth. The ratio shows that it has only increased over the years which is good. The following table shows the details of the ratios calculated: Debt equity Ascertain the extent to which the equity as well as the liabilities of the company is used to finance its assets. dividing the total liabilities by shareholders equity Interest coverage ratio used to determine the ease with which the company is able to pay off the interest on outstanding borrowings dividing the earnings before interest and taxes by the interest expense Net profit margin ratio that is expressed between the net income that is earned by a company and the sales that are affected during that period dividing the net income by sales Gross profit margin ratio that is expressed between the gross income that is earned by a company and the sales that are affected during that period dividing the net income by sales Asset turnover measure that helps in ascertaining the extent to which the management is efficient in deploying the assets of the company in order to generate revenues dividing the sales by the average of opening and closing assets Return on equity Earnings that the company earns by investing the funds of the shareholders in the business. The more the return on equity, the better is the profitability of the business. dividing the net income by the average of opening as well as the closing balance of the shareholders equity The company increased its equity but also decreased its debt. The company must focus on the ways through which it can increase its profitability First group PLC: The following table shows the ratio analysis of the company concerned: Particulars Solvency ratios: Total liabilities to net worth ratio: 3.09 5.79 5.09 4.54 5.14 Total liabilities 3,784.80 4,716.80 4,439.90 4,315.20 4,681.90 Net worth 1,223.00 814.50 872.60 950.90 910.50 Fixed assets to net worth ratio: 1.52 2.43 2.30 2.19 2.51 Fixed assets 1,864.90 1,977.60 2,006.30 2,082.90 2,284.10 Net worth 1,223.00 814.50 872.60 950.90 910.50 Leverage ratios: Debt equity ratio: 2.86 5.29 4.62 4.08 4.52 Debt 3,496.30 4,307.30 4,034.60 3,882.90 4,111.30 Equity 1,223.00 814.50 872.60 950.90 910.50 Interest coverage ratio: 1.41 0.82 0.54 1.68 1.91 Operating income 232.20 139.80 91.70 309.30 364.20 Interest expense 165.00 170.50 170.10 184.00 190.70 Profitability ratio: Gross profit ratio: 0.03 0.02 0.07 0.05 0.06 Gross profit 232.20 139.80 447.00 313.70 365.30 Revenue 6,717.40 6,900.90 6,678.70 6,429.20 6,261.90 Net profit ratio: 0.01 -0.00 0.03 0.02 0.02 Net profit 64.20 -5.00 220.30 117.10 147.10 Revenue 6,717.40 6,900.90 6,678.70 6,429.20 6,261.90 Operational efficiency ratios: Total asset turnover ratio: 1.27 1.27 0.63 1.18 1.09 Net sales 6,717.40 6,900.90 6,678.70 6,429.20 6,261.90 Average total assets 5,269.55 5,421.90 10,580.60 5,429.25 5,754.45 Equity turnover ratio: 6.59 8.18 7.29 6.91 7.30 Net sales 6,717.40 6,900.90 6,678.70 6,429.20 6,261.90 Average total equity 1,018.75 843.55 915.95 930.70 857.40 The following table shows the details of the ratios calculated: Debt equity Ascertain the extent to which the equity as well as the liabilities of the company is used to finance its assets. dividing the total liabilities by shareholders equity Interest coverage ratio used to determine the ease with which the company is able to pay off the interest on outstanding borrowings dividing the earnings before interest and taxes by the interest expense Net profit margin ratio that is expressed between the net income that is earned by a company and the sales that are affected during that period dividing the net income by sales Gross profit margin ratio that is expressed between the gross income that is earned by a company and the sales that are affected during that period dividing the net income by sales Asset turnover measure that helps in ascertaining the extent to which the management is efficient in deploying the assets of the company in order to generate revenues dividing the sales by the average of opening and closing assets Return on equity Earnings that the company earns by investing the funds of the shareholders in the business. The more the return on equity, the better is the profitability of the business. dividing the net income by the average of opening as well as the closing balance of the shareholders equity The company needs to focus on its revenues since that is the major concern. Further, the company must take measures for the reduction of the expenses since only that would only help in the increasing of the profit amount. The company though was able to reduce its debt but it also increased its equity. It should have financed the same from the regular profits that were being earned. Limitations of ratio analysis: The analysis of the ratios is used to compare the information of the company that has bene taken from the financial statements so as to gain an understanding of the results, financial position and the cash flow of the business concerned. This serves as the tool for the outsiders such as the credit analyst, lender to the analyst of the stocks. The people are required to create a picture of the financial statements and the position of the business and assess its profitability merely by using the financial statements. But then the ratio analysies does suffer from many of the limitations as well:. The following are the limitations: Historical: all of the information that is used in analysing the ratios is actually the results of the historical data. This does not mean that the same results will be there for the future to. But then these ratios could be used for the pro forma information and for comparison with the results in order to ensure consistency. Historical versus current cost: the information that is contained by the income statements consist of the current costs but then the balance sheet contains the amounts that is historical which is capable of being substantially varied. Due to this disparity, unusual ratios would be derived. Inflation: in case, there is inflation during the years, then that would mean that those numbers are not comparable across the various periods. If the inflation rate is 100%, then that would entail the figure of sales being doubled when the sales have not increased at all. Aggregation: the information that has been contained in the financial statements would lead to the using of the ratios that may have been aggregated during the past period so that when the ratio analysis is run on the trend line that would not compare the information through the entire period. Operational changes: any company may undergo a number of changes during the year and this could be to such an extent that the ratios that have been calculated several years ago could be compared with the same ratio even today. This could lead to the misleading conclusion. In order to illustrate, when there is an implementation of a constraint analysis system, then that might lead to a reduced investment in the fixed asset whereas the analysis may show that the fixed assets base of the company is getting too old. Accounting policies: the different companies have different accounting policies. For example, one company may use the written down value of depreciation whereas the other may use the straight line depreciation method. The amount of the depreciation and therefore, the amount of the net profit would vary in both the cases. Therefore, in such cases, the comparison of the 2 cannot be done. Business conditions: the analysis of the ratios has to be done keeping in mind the environment in which the business is operating. In order to illustrate this, the credit period of 45 days may be considered bad during the peak season but then the same could be considered to be good during the times the economy is contracting and the customers are no more bale to pay off their bills. Interpretation: it would be difficult task to assess the reason for a specific ratio. In order to illustrate, the current ratio of 2:1 may be considered to be excellent till the time the company realises that it has a huge amount of stock that could affect its cash position. When a detailed analysis has been undertaken, that might reveal that the current ratio may be at that level for some reason but then that will not be the same in the near future too. Strategy of the company: it could be dangerous for the company to conduct an analysis of the ratios by comparing the 2 firms that are having and that are following a different set of the strategies. In order to illustrate, one company that could be following a low cost strategy and would be willing to accept a lower amount of gross margin in return of an increased amount of market share. But then there could be another company that may be focussing on the high customer service strategy wherein the prices charged may be higher and the gross margins may also be higher but that will never help in the attainment of the required levels of the revenue for the first company Point in time: there are some of the ratios that extract some information from the balance sheet and then there are some of the ratios that extract the information from the income statement. The major problem in this is that the balance sheet is for the last day of the year but the income statement is prepared evenly throughout the year. In case, there is an unusual spike or a decline in the balance of an account as on the last day of the reporting period, then that would impact the outcome of the ratio analysis. In the nutshell, the analysis of the ratios has a number of inherent limitations attached with its name but then it also has some of its uses. As long as anyone is well aware about the problems and use some other methods as well for the collecting of and for the interpretation of the information, the ratio analysis would still be useful. (Accountingtools.com, 2015) The following are some of the advantages of the ratio analysis: It simplifies the financial statements It helps in benchmarking and in comparing the companies that are of different sizes It helps in the analyses of the trends that involves the comparing of the single period over a period It highlights the major information in the simplest way. Any person who is using that information is able to judge the profitability of the company merely by looking at the numbers instead of reading the entire financial statements. The following are more of the limitations of the ratio analysis: The different companies have different economic conditions that are exposed to them and therefore, these are the factors that impact the two companies from the different industries, so, comparison these two companies would give out the misleading results. The financial accounting information is affected by a number of estimates and a set of assumptions. The accounting standards allow the use of the different accounting policies that impairs the comparability and the analysis of the ratios that are not very useful in such situations. The analysis of the ratios explains the relationship between the information of the past but the users are concerned about the information about the future and the current information. Ratios deal in numbers: the ratios are only and only expressed in numbers, they do not talk about the product quality or the services that are rendered to the customers, the morale of the employees and these factors do play a major role in assessing the financial performance of the company The ratios are all about the past and not about the future. The analysts of the investments will make an assumption about the future performance using such ratios The ratios are very useful when they are used to compare the performance of a company over a longer period of time or as against the comparable businesses and an industry. But this information may not always be available. The financial information is capable of being massaged so that the figures could be used in the utmost efficient manner. In order to illustrate. May of the businesses accept the payments from the creditors at the end of the financial year so that the cash balance is higher than the normal and the creditor has a lower amount of balance too? (Accountingexplained.com, 2015) (tutor2u, 2015) Impact of legal and tax environment: Any company is regulated by the environment in which it operates. The same goes with these companies. The taxation and legal issues leads the companies in increasing the contractual obligations that it has to abide by. This only leads to the reduction of the efficiency on the part of the company since it is under immense pressure to comply with the legal obligations and fulfil all the requirements of the government. But then on the other side, the same is very important since they ensures responsibility on the part of the companies. From the analysis of the above stated figures, it would be right to say that the company is not stable enough for any investor to invest. And an investor would always like to invest in a company that is able to give him a regular rate of return on his investment and also give him some again when he sells his investment. But none of the companies seem worth it. Therefore, no company is a viable source of an investment. References: Accountingexplained.com, (2015). Advantages and Limitations of Financial Ratio Analysis. [Online] Available at: https://accountingexplained.com/financial/ratios/advantages-limitations [Accessed 2 Jun. 2015]. Accountingtools.com, (2015). What are the limitations of ratioanalysis? - Questions Answers - Accounting Tools. [Online] Available at: https://www.accountingtools.com/questions-and-answers/what-are-the-limitations-of-ratio-analysis.html [Accessed 2 Jun. 2015]. corporate.easyjet.com, (2015). Annual report 2011. [Online] Available at: https://corporate.easyjet.com/~/media/Files/E/Easyjet-Plc-V2/pdf/investors/result-center-investor/easyJet_AR10_18_1_2011.pdf [Accessed 2 Jun. 2015]. corporate.easyjet.com, (2015). Annual report 2011. [Online] Available at: https://corporate.easyjet.com/~/media/Files/E/Easyjet-Plc-V2/pdf/investors/result-center-investor/easyJet_AR10_18_1_2011.pdf [Accessed 2 Jun. 2015]. corporate.easyjet.com, (2015). Annual report 2012. [Online] Available at: https://corporate.easyjet.com/~/media/Files/E/Easyjet-Plc-V2/pdf/investors/result-center-investor/annual-report-2012.pdf [Accessed 2 Jun. 2015]. corporate.easyjet.com, (2015). Annual report 2014. [Online] Available at: https://corporate.easyjet.com/~/media/Files/E/Easyjet-Plc-V2/pdf/investors/result-center-investor/annual-report-2014.pdf [Accessed 2 Jun. 2015]. Corporate.easyjet.com, (2015). About us - EasyJet plc. [Online] Available at: https://corporate.easyjet.com/about-easyjet.aspx?sc_lang=en [Accessed 2 Jun. 2015]. 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What Does Feminism Stand For Who are These Creatures who call themselves Feminists

A layman views feminism as being focused on women gaining equal rights to men. However, this is a very simplistic way of addressing feminism. In reality, feminism is much more complex and larger than merely describing equality for women (Weisberg 234).Advertising We will write a custom essay sample on What Does Feminism Stand For? Who are These Creatures who call themselves Feminists? specifically for you for only $16.05 $11/page Learn More Feminist philosophy espouses various hidden as well as non-expressed desires of all the people with regard to human equality. It is both an intellectual commitment and a political movement that seeks for women’s justice as well as an end of all kinds of sexism (Dutt 238). Generally, people disagree on a number of issues. For instance, they are against of the common definition of sexism. This question should reflect their craving for equality and measures which are to be done to achieve it. Whilst many people ca n easily define feminism, there is a need for deeper understanding of what feminism is and who qualifies to be termed a feminist. Feminist concept varies in two ways in majority sociological hypotheses (Walker 89). Firstly, it is the function of a multidisciplinary, multicultural as well as worldwide community, which consists of not only sociologists, but also professionals from several other professions, artistic authors as well as political activists. Subsequently, feminist sociologists operate with a dual goal to expand a deepen sociology by reviewing professional understanding. It is also necessary to take into account breakthroughs being attained by feminist scholars and to grow a crucial comprehension for a culture in order to alter the globe in guidelines considered much more humane. Various feminists want the society to accept that there is no strategic means of unifying different sexism instances and correspondingly, the lacks of a strategic unity in what constitutes femini sm. Rather feminism should be viewed as an avenue for coalition building (Dutt 236). Different entities operate to deal with various forms of oppressive actions; some entities handle oppression against females as of fundamental concern.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, feminists are motivated by the pursuit for social justice. The feminist inquiry offers a wide range of standpoints with regard to social, cultural, economic, as well as political aspects (Duplessis and Ann 34). Understanding feminism begins with developing an undertaking of the theory itself, as well as the politics surrounding it. Further, the sub-entries of feminism include aspects like disability, globalization, sex work, human trafficking, as well as sexuality, among others (Walker 99). These aspects extend the understanding as well as the scope of feminism. Different cultures, even without their own comprehen sion describe various aspects of feminism uniquely. For instance, within the African culture, feminism will show much focus on fighting the tradition that deters progress of women. In such societies, women have for long been sidelined in decision making and generally treated as the weaker sex (Kiss 343). The society has shaped women to be ‘submissive’ to men regardless of whether they are being oppressed or not. This is very much unlike the western civilization where women have long been accepted as participants within every process in the society. However, within such a society, another aspect of feminism emerging is the role of sexuality (Walker 102). As one would ask, is the western culture treating women as sexual objects? Broadly speaking, most societies describe feminism goal as being to end oppression and hence stresses that women oppression is not only unjust but an unethical practice. The perspective is likely to differ within diverse cultures and it must be ac knowledged that women oppression goes beyond the rhetorical sexism. Emerging issues from diverse cultures include: classism, homophobia, racial feminism, ageism, as well as ableism, among other areas (Jaggar 98).Advertising We will write a custom essay sample on What Does Feminism Stand For? Who are These Creatures who call themselves Feminists? specifically for you for only $16.05 $11/page Learn More What is sure, is that all societies agree that unequally is unjust, that’s why feminists should fight for their rights to restore the justice. However, a closer look emphasizes that accomplishing feminism goals necessitates dealing with racism, as well as economic exploitation suffered by women (Jaggar 67). Information from different cultures reveal that women from different racial backgrounds suffer from different forms of exploitation. The plight of women in African societies definitely differs from that of white women, or Indian women. This impli es that feminists must address the issue of race. A fundamental question to query the racial perspective is how often a white woman will get similar treatment as the one accorded to a black woman (Delphy 87). Moreover, one can watch the media display pictures of women from different backgrounds and the plight they suffer. Feminism is a fight for liberty that is one of the larger battles to eliminate all forms of superiority. It is important to understand how patriarchal domination shares ideologies with racial foundations as well as other forms of oppression (Herrman and Abigail 131). The feminism aspect cannot be eradicated while leaving intact the other aspects. Such knowledge plays an important role in both feministic theory and practice. Feministic theory is a generalized from this point. It is meant to be wide ranging system constituted of ideas about social life as well as human experience based on a woman-focused viewpoint. There are three ways by which feminism is woman cent ered. Firstly, it begins with investigation, which seeks to establish the situations and experiences encountered by women in the society (Herrman and Abigail 132). Secondly, feminism puts women at its centre by seeking to view the world from an exclusive vantage point for women within the social sphere.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thirdly, feminist theory acts as a critical basis for activitism on behalf of the female-kind. It attempts to create a world where all humankind can live as equals. More answers are still general after decades of posing the question to the women’s plight in the society. Women are found within all social scenarios. Where they are absent, it is due to the fact that they don’t have the ability or desire, but due to the fact that there has been a purposive endeavor to leave them out. Where there are women, they have exercised roles extremely diverse from the well-known conception of them (with regard to roles of being passive wives or girlfriends as well as mothers). In fact, as wives and mothers as well as in a sequence of various other tasks, females have, alongside men, actively produced the ideals of being desired (Kiss 345). Females are actively present in the majority of social circumstances, professions, publics as well as community roles where a blind eye has been turned to the women’s contribution. Furthermore, female roles in a lot of social circumstances, whilst crucial, are diverse ranging from, much less fortunate compared to, to beings subordinate to men. Paying no attention to the role of women in society is a key to notice inequality. Feminism’s second fundamental query, then, is: â€Å"Why are things the way they are?† The initial query demands for an explanation of the social community, the second query requires an explanation of the community. Feminism’s responses to these types of queries provide people with a common social concept. Works Cited Delphy, Christine. Close to Home: A Materialist Analysis of Women’s Oppression, Trans. Diane Leonard. Amherst: University of Massachusetts Press, 1984. Duplessis, Rachel and Ann, Snitow. The Feminist Memoir Project: Voices from Women’s Liberation, New York: Random House, 2008. Dutt, Martin. â€Å"Reclaiming a Human Rights Culture: Feminism of Diffe rence and Alliance.† In Talking Visions: Multicultural Feminism in a Transnational Age, ed., Ella Shohat. Cambridge, MA: MIT Press, 1998, 225-246 Herrman, Anne and Abigail, Stewart. Theorizing Feminism: Parallel Trends in the Humanities and Social Sciences, Boulder, CO: Westview Press, 2007. Jaggar, Alison. Feminist Politics and Human Nature, Lanham, MD: Rowman and Littlefield, 1983. Kiss, Elizabeth. â€Å"Feminism and Rights.† Dissent, 42.3 (2002): 342-347. Walker, Margaret. Moral Understandings: A Feminist Study in Ethics, New York: Routledge, 2005. Weisberg, Kelly. Feminist Legal Theory: Foundations, Philadelphia: Temple University Press, 1993. This essay on What Does Feminism Stand For? Who are These Creatures who call themselves Feminists? was written and submitted by user Lina L. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.