Wednesday, March 18, 2020
The internet has brought mixed blessings to the people who use it. It is a fantastic information source but the relative lack of privacy has brought forth a major problem. Anyone with even little hacking knowledge can track every move that you make while using internet services and/or view private or confidential information. It is now possible for some internet sites can actually find information such as e-mail addresses or the name of the person/people viewing the site without authorisation. This problem can affect everyone who uses any internet services and ultimately can lead to very confidential information(such as credit card numbers) getting into the hands of criminals. Internet services and facilities are now used and provided by many companies and individuals worldwide. Each web site that is visited could have the capability of finding out your name and/or e-mail address and sending junk e-mail or cataloguing this information and then selling it to other companies. The ISP that you connect to the internet also has a record of every bit of information you upload or download, and must keep records for official purposes. Any sites that ask for your credit card number for "pay by use" or restricted services could, in fact, sell or use such information for illegal purposes such as fraud. The actual hardware requirements for using the internet are minimal, only an internet service provider(a company that allows a connection to the internet), modem(to send and receive data transmissions through a phone line), phone line(to dial up the I.S.P,) and a reasonably fast computer(to run the hardware and software) are needed to get onto the internet. This allows almost anyone with a computer to access the internet. Software is needed to browse or view the internet is a browser(such as Netscape Navigator, MS Internet Explorer) and for e-mail services, programs such as Eudora, Netscape Navigator or MS Internet Explorer are needed to sen... Free Essays on Net Privacy Free Essays on Net Privacy The internet has brought mixed blessings to the people who use it. It is a fantastic information source but the relative lack of privacy has brought forth a major problem. Anyone with even little hacking knowledge can track every move that you make while using internet services and/or view private or confidential information. It is now possible for some internet sites can actually find information such as e-mail addresses or the name of the person/people viewing the site without authorisation. This problem can affect everyone who uses any internet services and ultimately can lead to very confidential information(such as credit card numbers) getting into the hands of criminals. Internet services and facilities are now used and provided by many companies and individuals worldwide. Each web site that is visited could have the capability of finding out your name and/or e-mail address and sending junk e-mail or cataloguing this information and then selling it to other companies. The ISP that you connect to the internet also has a record of every bit of information you upload or download, and must keep records for official purposes. Any sites that ask for your credit card number for "pay by use" or restricted services could, in fact, sell or use such information for illegal purposes such as fraud. The actual hardware requirements for using the internet are minimal, only an internet service provider(a company that allows a connection to the internet), modem(to send and receive data transmissions through a phone line), phone line(to dial up the I.S.P,) and a reasonably fast computer(to run the hardware and software) are needed to get onto the internet. This allows almost anyone with a computer to access the internet. Software is needed to browse or view the internet is a browser(such as Netscape Navigator, MS Internet Explorer) and for e-mail services, programs such as Eudora, Netscape Navigator or MS Internet Explorer are needed to sen...
Sunday, March 1, 2020
Suez Canal History and Overview The Suez Canal, located in Egypt, is a canal that connects the Mediterranean Sea with the Gulf of Suez, a northern branch of the Red Sea. It officially opened in November 1869. Suez Canal Construction History Although the Suez Canal wasnt officially completed until 1869, there is a long history of interest in connecting both the Nile River in Egypt and the Mediterranean Sea to the Red Sea. It is believed that the first canal in the area was constructed between the Nile River delta and the Red Sea in the 13th Century B.C.E. During the 1,000 years following its construction, the original canal was neglected and its use finally stopped in the 8th Century.Ã¢â¬â¹ Napoleons Canal Plan The first modern attempts to build a canal came in the late 1700s when Napoleon Bonaparte conducted an expedition to Egypt. He believed that building a French-controlled canal on the Isthmus of Suez would cause trade problems for the British as they would either have to pay dues to France or continue sending goods over land or around the southern part of Africa. Studies for Napoleons canal plan began in 1799 but a miscalculation in measurement showed the sea levels between the Mediterranean and the Red Seas as being too different for a canal to be feasible and construction immediately stopped. Universal Suez Ship Canal Company The next attempt to build a canal in the area occurred in the mid-1800s when a French diplomat and engineer, Ferdinand de Lesseps, convinced the Egyptian viceroy Said Pasha to support the building of a canal. In 1858, the Universal Suez Ship Canal Company was formed and given the right to begin construction of the canal and operate it for 99 years, after which time, the Egyptian government would take over control of the canal. At its founding, the Universal Suez Ship Canal Company was owned by French and Egyptian interests. Construction of the Suez Canal officially began on April 25, 1859. It opened ten years later on November 17, 1869, at a cost of $100 million. Significant Impact on World Trade Almost immediately after its opening, the Suez Canal had a significant impact on world trade as goods were moved around the world in record time. In 1875, debt forced Egypt to sell its shares in ownership of the Suez Canal to the United Kingdom. However, an international convention in 1888 made the canal available for all ships from any nation to use. Conflicts Over Use and Control Shortly thereafter, conflicts began to arise over use and control of the Suez Canal. In 1936 for example, the U.K. was given the right to maintain military forces in the Suez Canal Zone and control entry points. In 1954, Egypt and the U.K. signed a seven-year contract that resulted in the withdrawal of British forces from the canal area and allowed Egypt to take control of the former British installations. In addition, with the creation of Israel in 1948, the Egyptian government prohibited the use of the canal by ships coming and going from the country. The Suez Crisis Also in the 1950s, the Egyptian government was working on a way to finance the Aswan High Dam. Initially, it had support from the United States and the U.K. but in July 1956, both nations withdrew their support and the Egyptian government seized and nationalized the canal so passage fees could be used to pay for the dam. On October 29 of that same year, Israel invaded Egypt and two days later Britain and France followed on grounds that passage through the canal was to be free. In retaliation, Egypt blocked the canal by intentionally sinking 40 ships. These events were known as the Suez Crisis. A Truce and Later Egypt Takes Control In November 1956, the Suez Crisis ended when the United Nations arranged a truce between the four nations. The Suez Canal then reopened in March 1957 when the sunken ships were removed. Throughout the 1960s and 1970s, the Suez Canal was closed several more times because of conflicts between Egypt and Israel. In 1962, Egypt made its final payments for the canal to its original owners (the Universal Suez Ship Canal Company) and the nation took full control of the Suez Canal. 101 Miles Long and 984 Feet Wide Today, the Suez Canal is operated by the Suez Canal Authority. The canal itself is 101 miles (163 km) long and 984 feet (300 m) wide. It begins at the Mediterranean Sea at Point Said flows through Ismailia in Egypt, and ends at Suez on the Gulf of Suez. It also has a railroad running its entire length parallel to its west bank. The Suez Canal can accommodate ships with a vertical height (draft) of 62 feet (19 m) or 210,000 deadweight tons. Most of the Suez Canal is not wide enough for two ships to pass side by side. To accommodate this, there is one shipping lane and several passing bays where ships can wait for others to pass. No Locks The Suez Canal has no locks because theÃ Mediterranean Sea and the Red Seas Gulf of Suez have approximately the same water level. It takes around 11 to 16 hours to pass through the canal and ships must travel at low speed to prevent erosion of the canals banks by the ships waves. The Significance of the Suez Canal In addition to dramatically reducing transit time for trade worldwide, the Suez Canal is one of the worlds most significant waterways as it supports 8% of the worlds shipping traffic and almost 50 ships pass through the canal daily. Because of its narrow width, the canal is also considered a significant geographic chokepoint as it could easily be blocked and disrupt this flow of trade. Future plans for the Suez Canal include a project to widen and deepen the canal to accommodate the passage of larger and more ships at one time.
Friday, February 14, 2020
Your Career Development - Essay Example Furthermore, I will present an analysis of how my decision related to career has influenced my career prospects Ã¢â¬â both in the positive and negative ways Ã¢â¬â and what have I achieved so far. Introduction It will seem odd to say that I have quite a few MBAÃ¢â¬â¢s in my family and I have seen them struggle. Since MBA is a family thing I never had much of a choice, but when I got in and decided that I will make best of what I had; I also resolved in my mind that I will do more, and something worthwhile with my life and career, not sit around waiting for someone to offer me a job. Having my own business set up, however small it might be, was the ultimate solution for me. Hard work has never been bothersome to me, but to wait upon others to recognize my potential and tell me what to do is just not my cup of tea. I made up my mind with regard to my career before I joined the MBA, but I never meant to study to get a job, having a business of my own is the ultimate goal for me. My career anchors, lifeline, Wheels of life, strengths exercise and integration allow me to look closely into the choices I have made and the extent to which they favor my career choice. Personal and Career Purpose While thinking about the personal and career purposes I have to take family and work together. I chose to study MBA for lack of choice and to show respect to what my family thought best for me. Seeing the way many MBAÃ¢â¬â¢s suffer while waiting for a job I decided that I had to make myself self-sufficient, so much so, that I shouldnÃ¢â¬â¢t have to wait for a salary to run my house hold and to fulfill my and my familyÃ¢â¬â¢s needs. Starting a business from scratch is no easy task, thus I decided to first take advantage of my MBA to gain necessary understanding of how things work in the business world. The course modules have given me an insight into the business world and have made me firm on my decision rather than weakening my resolve. Courses like entrepreneurshi p, HRM, Supply Chain have provided me with a clear and detailed understanding of the functionalities and complexities faced in the world of business. But I still believe that I lack in understanding of how to make things happen for me when it comes to starting a business from scratch and running it successfully. The severity of competition is becoming even more evident with the crisis threatening businesses all around. After an MBA, I consider it necessary to take courses that offer understanding of starting a business. Free courses and certifications are available online to take. These courses provide with all kinds of information on businesses, financing, accounts and marketing strategies (Norman). Online workshops along with videos from the IRS are also an instrumental tool towards gaining the understanding of personal business (Norman). Such courses and research are free and only require an investment of time. Significance of My Own Business My own business holds significance fo r me in multiple ways. I have always aspired to be unique and to stand out. I enjoy being unique and creating uniqueness. My business will be my own; unique and innovative. Allowing me the freedom of choice I crave. I realized also how much this business is significant to me as I studied about the recession during my classes and how people have been losing their jobs. So many jobless people and such limited opportunities, made me think of creating my own circle of opportunity which will not only make me self-sufficient but also will allow me to help other jobless people by recruiting them. My key anchors, independence, sense of service and entrepreneurship enabled me to realize how significant this venture is for me. Whose Support Will Matter? Rome was not
Saturday, February 1, 2020
Planning and Implementation - Essay Example Having the right marketing mix enables our organization to achieve its business objectives. Fit watch business objectives include creating brand awareness, acquiring market and maintaining it. Product is the central point on which fit watch marketing department focus on. It is concerned with what the product means to the customer. Marketing group therefore plays a key role in determining such aspects as: the appearance of the product in line with the requirements of the market; the function of the product on the question whether it addresses the needs of customers as identified through market research. The product offered is a watch. The company has discovered a need to increase the satisfaction level of the watch to the customers as well the advancement of technology. The watch has all the essentials that a customer looks for while considering making a purchase. It has all the performance characteristics of an existing watch. In addition to this, it has additional features such as flashlight, Wi-Fi hotspot and better health tracking strategy. The characteristics will help the watch to take the obligation of a torch will take part in internet access through Wi-Fi hotspot and as well will act as a friendly device to health of an individual. Pricing is one of the most important decisions made by any business organization. Of all the aspects of the marketing mix, price is the one which creates sales revenue while all the others are costs. The price of an item is clearly an important determinant of the value of sales made. In theory, price is really determined by the discovery of what customers perceive is the value of the item on sale. Researching consumers opinions about pricing is important as it indicates how they value what they are looking for as well as what they want to pay. Economists use the term market clearing price to identify a price at which sellers are prepared to sell because they feel they are getting a fair price, and buyers are
Friday, January 24, 2020
This essay will describe whether or not BlanchesÃ¢â¬â¢ unfortunate eventual mental collapse was due to her being a victim of the society she went to seek comfort in, or if she was solely or at least partly responsible. The factors and issues that will be discussed include, BlanchesÃ¢â¬â¢ deceitful behaviour and romantic delusions which may have lead to her eventual downfall, the role Stanley ended up playing with his relentless investigations of her past and the continuous revelations of it, the part society and Ã¢â¬Ënew AmericaÃ¢â¬â¢ played in stifling her desires and throwing her into a world she could not relate to or abide by. Firstly, the reader may initially feel Blanche is completely responsible or at least somewhat to blame, for what becomes of her. She is very deceitful and behaves in this way throughout the play, particularly to Mitch, saying, Ã¢â¬ËStella is my precious little sisterÃ¢â¬â¢ and continuously attempting to deceive Stanley, saying she Ã¢â¬Ëreceived a telegram from an old admirer of mineÃ¢â¬â¢. These are just two examples of BlanchesÃ¢â¬â¢ trickery and lying ways. In some ways though, the reader will sense that Blanche rather than knowingly being deceitful, actually begins to believe what she says is true, and that she lives in her own dream reality, telling people Ã¢â¬Ëwhat ought to be the truthÃ¢â¬â¢ probably due to the unforgiving nature of her true life. This will make the reader begin to pity Blanche and consider whether these lies and deceits are just what she uses to comfort and protect herself. Blanche has many romantic delusions which have been plaguing her min d since the death of her husband. Though his death was not entirely her fault, her flirtatious manner is a major contributor to her downfall. She came to New Orleans as she was fired from... ...hey affect the lives of the women around them, yet somehow do not change to a great extent throughout the plays. On the other hand, both characters are comparable in that their eventual fate could be argued as being in many ways as a result of their own deeds and possibly the strains of society. In conclusion Blanche is to a degree responsible for her own downfall and mental collapse. She opts to turn to promiscuity and inebriety even going as far as to admitting to flirting with Stanley, and by the end disclosing all her tricks and deceits to him and Mitch. However, she cannot be held as responsible for the acts of her husband, Stanley and even Stella and the social circumstances involving the destruction of her old America by new America, which have caused her already deteriorating mental state to detract beyond possible repair by the end of the play.
Thursday, January 16, 2020
Air Cargo Industry is a highly competitive with low profit margin industry operated by 85 operators within Malaysia and the Asia Pacific region. Flat Cargo Berhad (FCB) was one of them with several subsidiaries related to this industry. FCB was recognized as one of the biggest air freight companies in Malaysia. With the flourishing of e-business and secured agreements with well-established companies (i.e UPS, Nationwide Expressway, Citylink, Nippon Express etc), the boom of Flat Cargo Berhad was obvious. Even it was expected, FCB would have likely remained as the nationÃ¢â¬â¢s leading air cargo carrier if the scandal has not appeared. Things have started to get out of shape for FCB when the external auditor Kencana & Associates came across several suspicious findings that may suggest fraud. So we as consultant/advisor have noted down the problem and came up with the possible solutions in order to handle such suspicious circumstances. Problem 1 The auditors were unable to verify the aircrafts claimed to have been purchased by FCB in 2005. The audit team found a non-functional rundown aircraft barely worth RM231 million in the hangar.Ã FCB claimed to have purchase aircrafts in 2005, but there were no documentation found to support the claims of FCB that the purchasing ever took place which implied that fraud might have took place. As shown on the fleet information above, (Appendix B) there were two Boeing 727 and five Mcdonnell Douglas MD-11F (which later was no longer used for freight purposes) purchased by FCB in 2005 that were in Ã¢â¬Å"ActiveÃ¢â¬ status, but when inspected by the audit team, found Mior, Asif, Stephanie, RohannaÃ only a rundown non-functional aircraft in the hangar which suggested inconsistency in the claim made by FCB. Solution 1 The audit department could take some measures to verify the claim made by FCB regarding the purchase of the aircrafts by: 1) Referring to the aircraft manufacturers regarding receipts, purchasing documents, invoices , contracts 2) Checking any related internal documents about the aircraft activities like schedules and activities of aircrafts i.e. engineering department for maintenance of aircraft. 3) Verify with the staffs of the company i.e. pilots, engineers regarding the aircrafts claimed to be purchased 4) Checking on leasing companies if there were any business activities from FCB (which would suggest obvious fraud since FCB claimed to have purchase the aircrafts) 5) Verify the registration and licensing of the aircraft at the Department of Civil Aviation Malaysia (DCAM) And if this aircraft was actually purchased as claimed, the management should encourage these solutions to avoid future confusions 1) Update bookkeeping regularly (transactions on purchases, sales, receipts and payments by an individual or organisation) Problem 2 Several debtorsÃ¢â¬â¢ confirmation letters were returned because the addressees had changed their mailing addresses Due to this issue it will have a major impact on accounts receivable thus to cash flow. However this will lead to further problem as follows 1) No exact debtor figure available for reference 2) Possibility of bad debt 3) Weak debt servicing ability by company Mior, Asif, Stephanie, Rohanna Solution 2 Some measures could be taken by auditor to solve this issue by 1) Investigate the identity of the debtor or organization from reliable sources (Suruhanjaya Syarikat Malaysia (SSM) for organisations, Jabatan Perdaftaran Negara (JPN) for individuals) 2) Find supporting documents of debt to rule out chances of fraud The management team could take these measures to avoid this problem by 1) Create an efficient system for debt servicing 2) Create a system of verifying theÃ claim of debtors to make sure fraud does not take place 3) Create a database for debtors and keep an updated portfolio on them for future use and reference 4) Create a department in the organization that deals solely with debt servicing (provided that they have a lot of debtors) Problem 3 A large sum of sales transactions was found with no supporting documents. Most of these transactions involved small clients.Ã This problem will mostly affect the revenue. In addition, it could lead to: 1) poor book-keeping process 2) manipulation on the revenue figure (RM 550 million) 3) manipulation of the shareholders interest in terms of dividend declared 4) balancing the closing process for the year of 2005 manually 5) complication on debt collection therefore the possibility of bad debt in future Solution 3 As far as we are concerned, the auditor can request the engineering department to provide the document on clients who are using their courier services and counter-check it with the Custom Department to verify the figure. We assume every activity must be reported to theÃ Mior, Asif, Stephanie, Rohanna.Ã DCAM. Therefore, from the backward process, the auditor would be able to verify the turnover figure. Problem 4 A loan received from a Hong Kong based company was found to be incorrectly recorded in the debtorsÃ¢â¬â¢ account This issue will have the major influence on liabilities. It has violated the matching principle. The following problems can be determined due to these mistakes. 1) The impact on liabilities of the FCB will be decreased whereas assets increase due to the error on double entry process 2) The financial cost (interest expense) will decrease resulting increase ofÃ profit before tax Solution 4 Counter-check and verify the Loan agreement between the FCB and Hong Kong based company. After verifying, the auditors will correct the double entry according to accounting standard by MASB. Problem 5 Several abnormal transactions involving the purchase of aircrafts by FCB and offsetting the debtorsÃ¢â¬â¢ accounts were found in FCBÃ¢â¬â¢s books Following abnormal transaction is strictly against the process of accounting system. It violates many principle of accounting system i.e. principle of non-compensation, principles of sincerity and principles of consistency*. Abnormal transactions could lead to multiplier faults in the financial statement like 1) Overstated/Understated assets Usage of cash or credit was not determined properly Cutting down the overall debtor amount 2) Fail to determine bad debt 3) Fail to determine the true figure of debtors Solution 5 Actions that could be taken by auditors 1) Reconciliation of book keeping related to purchases of abnormal transactions 2) Cross proof each and every documents related to purchases and debtor 3) If possible ensure debtors confirmation letter Actions that could be taken by management 1) Not to mix up purchases with debtors 2) Debtors can be offset upon receiving money or against bad debt Conclusion In conclusion, these issues above could be avoided provided that delegation and segregation of duties were made to ensure accountability in bookkeeping and minimisation to fraud. The company could also hire an internal auditor to regularly inspect the financial condition and activities of the company. Accountability and counter-checking between one another is also crucial to minimize mistakes and deceit. It is such a shame that a company with such great Mior, Asif, Stephanie, RohannaÃ potential (to be the leading cargo company in Malaysia) should suffer a fate such as this due to trivial avoidable mistakes and fraud. It is best that PLCs to work towards transparency within the company so that mistakes/problems could be detected and solved before it gets out of hand. References Ready Ratios. Generally Accepted Accounting Principles (GAAP), Available:http://www.readyratios.com/reference/accounting/generally_accepted_accounting_ principles_gaap.html. Last accessed 4th Feb 2014