Extinction of Giant Panda free essay sample

The Giant Panda (Ailuropoda melanoleuca, literally meaning cat-foot black-and-white) is a bear native to central-western and south western China. The Giant Panda lives in a few mountain ranges in central China, mainly in Sichuan province, but also in the Shaanxi and Gansu provinces. It is easily recognized by its large, distinctive black patches around the eyes, over the ears, and across its round body. Though it belongs to the order Carnivora, the Giant Pandas diet is 99% bamboo. Other parts of its diet include honey, eggs, fish, yams, shrub leaves, oranges, and bananas when available. Due to farming, deforestation, and other development, the Giant Panda has been driven out of the lowland areas where it once lived. The Giant Panda is a conservation reliant endangered species. While the dragon has historically served as Chinas national emblem, in recent decades the Giant Panda has also served as an emblem for the country. We will write a custom essay sample on Extinction of Giant Panda or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Giant Panda is an endangered species, threatened by continued habitat loss and by a very low birthrate, both in the wild and in captivity. Today, the giant pandas future remains uncertain. As Chinas economy continues rapidly developing, this bamboo-eating member of the bear family faces a number of threats. Its forest habitat, in the mountainous areas of southwest China, is increasingly fragmented by roads and railroads. Habitat loss continues to occur outside of protected areas, while poaching remains an ever-present threat. The steps taken by the chinese government to save these creatures are: †¢Reduction of human activities in the panda habitat †¢Removal of human settlements †¢Modification of forestry operations †¢Control of poaching †¢Rehabilitation of habitat †¢Management of bamboo habitat †¢Extension of the panda Reserve system †¢Achieving outbreeding between panda populations †¢Maintaining a captive population †¢Release of captive-born pandas into the wild

The Importance of Forecasting on Sales Management Decision Making

The Importance of Forecasting on Sales Management Decision Making Introduction In recent times, the business environment has increasingly become more unpredictable. This has made it very important for organizations across the globe to become vigilant when it comes to the issue of forecasting. In fact, for any organization to be successful in today’s business world, its methods of predicting the future in the key areas of its main business has to be improved continually. Otherwise, it faces the threat of becoming obsolete. Forecasting is therefore, a tool to be highly appreciated by the businesspersons of this century.Advertising We will write a custom term paper sample on The Importance of Forecasting on Sales Management Decision Making specifically for you for only $16.05 $11/page Learn More Forecasting is therefore the process of estimating or predicting the future outcome of different business aspects by use of historical data. These business aspects include; sales, revenue, market share, profits, expenses and ma ny more. Forecasting is formed from two words, â€Å"fore†: Al Etisal distribution co. is one of the famous food and consumer goods Distribution Company in Baghdad. They have a wider range of products. Prince ice cream is one of their products that they start selling since 2009. Sales have a steady growth and its seasons have a significant impact on the ice cream sales. Management expects total sales for 2012 to be 3200.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Price ice cream sales unit management is required to set their forecast for 2012. They should find the best way in estimating the demand for the ice cream. Below are the historical sales data for Prince ice cream for the last three years The above example is highly affected by seasons and therefore the sales forecasts have to incorporate the seasons in their formulation. It is also an example of a quantitative problem. Therefore, time series is applicable in this problem specifically trend projection and by use of a seasonality index (Agee,258). Month Sales by Case 2009 Sales by Case 2010 Sales by Case 2011 average sale for the three years average monthly demand seasonal index sales forecasts2012 Jan 30 33 42 35 186 0.188 50 Feb 28 32 49 36 186 0.196 52 Mar 35 47 55 46 186 0.246 66 Apr 55 67 90 71 186 0.380 101 May 194 180 209 194 186 1.046 279 Jun 290 280 376 315 186 1.698 453 Jul 459 504 703 555 186 2.990 797 Aug 350 490 543 461 186 2.482 662 Sep 189 227 290 2 35 186 1.267 338 Oct 76 142 188 135 186 0.729 194 Nov 62 109 97 89 186 0.481 128 Dec 42 56 68 55 186 0.298 79 total average sales 2229 total expected sales= 3200 Average monthly sales = total average sales/ 12 months= 2229/12 =186 Seasonal index = average 3 years sales/ average monthly sales Causal models These models employ the use regression models to forecast sales. They come up with a list of variables that have effect on the sales of the product in question and through regression; they plot the various possibilities and therefore come up with reliable forecasts. Qualitative models Delphi method uses the views of various professionals or experts in the field who analyse the situation and provide their professional views. Normally, the group of experts includes; key decision makers, staff, and the respondents. The staff and respondents provide assistance based on their areas of expertise to the decision makers, who in turn come up with the forecas ts. Jury of executive methods uses the opinions of a jury made up of high-level managers and key decision makers to make forecasts. The group may however receive support from other technical professionals who provide background information to assist in decision-making. Other qualitative methods include; sales force composite and consumer market survey. The latter uses consumer opinions while the former employs the opinions of the salespersons to come up with sales forecasts (Pinney,56). Conclusion In summary, sales forecasting is an important ingredient to success in the current and future business world. Therefore, management has to put emphasis on it to reap the benefits tied to the application of these tools. Management has to keep improving their approach to this process to remain relevant. Agee, Marvin H. Quantitative Analysis for Management Decisions. London: Prentice Hall, 2001. Anderson, David R and Dennis Sweeny. Quantitative Methods for Business. Chicago: South-Western Co llege, 2009. Hiller, Fredrick S and Mark S Hiller. Introduction to Management Science: A Modeling and Case Studies Approach with Spreadsheets. London: McGraw-Hill Higher Education, 2010. Pinney, William E. Management Science: An Introduction to Quantitative Analysis for Management. Toronto: Harpercollins College , 2000. Render, Barry, Ralph M Stair and Michael E Hanna. Quantitative Analysis for Management. London: Prentice Hall, 2011. Taylor, Bernard R. Introduction to Management Science. London: Prentice Hall, 2009.

Women are Better Listeners Essay Example | Topics and Well Written Essays - 1000 words

Women are Better Listeners - Essay Example Though the use of a scanning technique known as magnetic resonance imaging (fMRI), the study has shown that there is a major difference between the neural activity of men and women who were listening to someone who was reading aloud. This paper will discuss aspects that show that the results that women are better listeners than men are true. In the current society, more women have joined the corporate world. Despite numerous limitations, organizations that are led by women perform better than those that are led by men. This is because a good leader must listen to the rest of the subordinates. As a result, women leaders are able to listen to the grievances of the rest of the employees. Therefore, they are able to understand their concern and connect closely with them. Consequently, the employees feel motivated to work in the organization. This plays a significant role in enabling the company to achieve the set objectives. This is because, through effective leadership, they feel that they are an integral part of the organization. On the other hand, women are able to easily implement an open office policy. This enables the employees to communicate directly to the top office without the use of the intermediaries. This makes it easy for the leader to intervene on issues that are affecting the performance of the workforce. Th is is achieved through listening keenly and understanding the issue in depth thereby, making it easy for them to come up with effective solutions. This is unlike their men counterparts who are quick to make judgments even before listening to all parties that are in a dispute. Therefore, employees who are led by men tend to fear opening up because the man can react even before listening to both sides of the story.

CRIMINAL AND CIVIL LAW IN HEALTH CARE Essay Example | Topics and Well Written Essays - 500 words - 8

CRIMINAL AND CIVIL LAW IN HEALTH CARE - Essay Example The stakeholders own the corporation. They do not participate in the daily company operations, although they influence corporate major decisions. They also vote for and remove the BOD members from office. Finally, the stakeholders also take part in constituting and amending company by laws, Articles of Incorporation. They also handle mergers and any sales and dissolutions. Corporate authority is categorized into express and implied. According to Pozgar, â€Å"Express corporate authority is the power specifically delegated by statute. A health care corporation derives authority to act with from the laws of the state in which it is incorporated. The articles of incorporation set forth the purpose(s) of the corporation’s existence and the powers the corporation is authorized to exercise in order to carry out its purposes. Implied corporate authority is the right to perform any and all acts necessary to exercise a corporation’s expressly conferred authority and to accomplish the purpose(s) for which it is created.† How do corporations come into play in the delivery of healthcare services? Health care organisations are incorporated as non profit corporations, thus they are exempted from the taxation bracket and are open to receive donor’s contributions. In the delivery of health care services, corporations ensure that they follow the stated mandate and incorporation by laws. Else, the governing body would be held accountable for not performing procedures in its written scope, which is an ultra vires act. An example of this would be employing someone who is not conversant with the health care practice. How do corporate ethics impact healthcare? They build and restore trust in the system. People are trusting health care facilities in how they operate, treat patients, how they inform their patients on their rights and responsibilities and the procedures to follow in the event of improper conduct. Corporate ethics has also

Race in Turn of the Century America Essay Example | Topics and Well Written Essays - 750 words

Race in Turn of the Century America - Essay Example The racial discrimination has been in the society and continues to be the main problem in the society. Racial discrimination is still prevalent in the American society as witnessed by some of the comments aired after the re-election of president Obama. Discrimination may not be at a high magnitude as it as in the 1900s, but still exists in the society in a minimal form (University, US Immigration). Discrimination and immigrants The slavery and colonial era led to the development of the legally sanctioned racism which impacted negatively in the society especially on the African American, Native Americans, Asian Americans and Latin American. The law offered the privilege to the Europeans Americans in issues of education, immigration, citizenship and voting rights. Additionally, the ownership rights were also a privilege for the European Americans. The legal protection led to increased discrimination of population based on race. The criminal procedures over the 17th century to the 20th century treated the Anglo European American better while discriminating other races. Many races suffered xenophobic exclusion and segregation in the American society. The laws encourage the discrimination based on the race by treating the white or Anglo European immigrants as better citizens than the natives. These laws made it impossible for immigrant of other descend to obtain the necessary services that they require, leading to a serious problem in the process especially when handling issues of equity in the population. The failure to address the various issues was spearheaded by the discriminatory laws developed to protect the right of the Anglo European Americans (University, Imperialism, 2010). The role of the bill of rights The bill of rights was initially applied to the federal government, but has been held to apply to the other states. The change was achieved through the fourteenth amendment. 10 amendments of the constitution that is collective referred to the bill of right s occurred in December 15th 1791. The amendments captured issues of freedom of speech religion and association, rights to keep and bear arms, and conditions for quarters among of the soldiers. Rights of search and seizure was also regulated (Burgan, 2006). The unnecessary searches by police and arrests were regulated by the amendments of the bill of rights. Additionally, the amendments were influential in the defining the bill of rights of the citizens. Initially, the bill protected only the American white farmers, by offering protection to their land and property until amended by James Madison and the United States Congress. The ten amendments helped in the development of the new way of protecting citizens rights (Patterson, 2004). An amendment to be evaluated is the provisions concerning prosecution, right to a speedy trial, right to trial by a jury, excessive bail and cruel punishment, rule of construction of the constitution and Rights of states under the constitution. The role of unions in equity development The formation of workers union and the relationship with the employers has changed significantly. During the 1900s, when the book was written, employers would shut down their plan if workers chose to unionize. Employers could make it difficult for those individuals to get work or even get hours during the work. Had Wagner Act existed, the problem could have been solved through empowering the unions

How employable individuals turn their focus to start-ups?

How employable individuals turn their focus to start-ups? How employable individuals turn their focus to start-ups? An Empirical Study on Factors Motivating Business Students to Move to the Entrepreneurial Sector Abstract. This exploratory study is attempts to examine how employable individuals turn their focus to start-ups. Today, majority of employees still practise a more or less self-protective strategy. In this paper the researcher has reported on the results of an empirical study of factors motivating degreed potential employees to move to self enterprising. The deciding factors to become an entrepreneur and of sustainable employment-oriented factors to be analyzed in order to discover how they differ. Participants consisted of 200 students from Malaysia entered final year of business undergraduate and postgraduate programs. Self-administered questionnaires were used to gather data on factors and types of relationships influencing career choice and entrepreneurial intention. The results will serve as a basis for improvement of employment practices and promising entrepreneurial curriculum in universities to support start-ups in creating sustainable businesses. 1. Introduction Today, employees still act in accordance with employers official contracts and not making efforts to attract prioritize attention from local independent business owners. This papers main aim is to take a fresh look into graduates expectation on the factors motivating employees when considering switching jobs if employed and to identify the level of interest as they commence and develop entrepreneurial ventures. The study principally examined why students decide to become entrepreneurs, therefore, seven main issues associated with graduates motivation as they established, driving and developing their businesses, these being chosen following a process of pilot studying of graduating students. 2. Review of Literature 2.1. Overview A number of researchers have attempted to consider factors such as gender, grade point average, duration and field of study and entrepreneurial family background as important factors affecting students perception and attitudes towards the prospect of new own business formation, and some of these factors clearly enhance or inhabit such tendency (Oakey, Mukhtar and Kipling, 2002). 2.2.Motivation Generation of start up ideas have been explored by a number of researchers. Opportunity recognition is dependent on whether the entrepreneur was extrinsically stimulated. A leading entrepreneurship text has recognised the â€Å"important implications for entrepreneurs who need to be creative in their thinking† and of the concept that creativity can be learned or enhanced (Timmons Spinelli, 2008). The three types of opportunities identification to the field of entrepreneurship as established by Sarasvathy, Dew, Velamuri, and Venkataraman (2003) are recognized, discovered and created. There are various motives to start a new venture. According to Amit, McCrimmon, Zietsma and Oesch (2001), money is important but not necessarily most important. They argue that some of the key non-monetary motives for starting up a business include the wish to be independent and the combination of work and household responsibilities. These start-up motives may have important consequences for the d egree of (over)optimism that characterizes (promising) entrepreneurs. For example, if an entrepreneur is mainly driven by wealth creation, it may be expected that (s)he is more likely to be disappointed if the turnover in the first year is relatively low. If the entrepreneur is driven by the wish to be independent, (s)he may be unpleasantly surprised by the strong reliance upon a limited number of clients or the bank. If the primary start-up motive is exploiting a perceived opportunity, the entrepreneur may be faced with other people who came up with the same idea or possibly an overestimated market demand for the (new) product. Gilad and Levine (1986), agreed in their analysis on intrinsic and extrinsic that there are discrimination between start-up motives. Intrinsic motives include the desire for independence and combining work with care for family members. Entrepreneurs who are driven by such motives will probably be less inclined to set unrealistically high pecuniary goals. Extrinsic motives include two categories: pull and push factors. An opportunity of perceived profit is an important pull factor of entrepreneurship, while (the threat of) unemployment is a well-known push factor. Regarding the exploitation of opportunities, As Hayward, Shepherd and Griffin (2006) argued, initiators of new ventures with overconfident will execute too much capital to the opportunities. If entrepreneurs are ‘blinded by their own ideas and fail to adequately assess the competition and the (potential) problems to transform the opportunity into a profitable venture, over optimism is around the corner. Those who under employment or unemployment, belief that creating new businesses promising more expected utility (Douglas Shepherd, 2000; Van Praag Cramer, 2001). 3. Methodology Gartner (1989) proposed that a common limitation of studies into the predictors of entrepreneurial intentions is the failure of investigators to choose samples that are (1) comprised solely of people who are serious about entrepreneurship and (2) who are in the process of making the decision to become involved in creating a new business. Krueger, Reilly and Carsrud (2000) find that studies comprising samples of upper-division college students can uncover job-related preferences at a time when respondents are struggling with important career decisions. Therefore, it is acceptable and appropriate to investigate entrepreneurial intent utilizing a sample of upper-class college students. (Brice and Nelson, 2008), it is important to note that the population of interest in their study consists of individuals who perceive that they will become entrepreneurs and not necessarily only those who will actually become entrepreneurs. This difference is significant because while actions has been dem onstrated to be predicted by intentions. Therefore, the focus of this research remains at the entrepreneurial intentions level of analysis. The sample chosen consists of postgraduate and undergraduate business degree program students who were nearing graduation. When students contemplate graduation, they may also develop immediate career plans and long-range goals. The respondents are those from the business disciplines because, based on their discipline interest, they have already decided to pursue business-related careers. For that reason, a homogeneous sampling of university college students was included in this study. This study sample consisted of 200 students from University Colleges in Malaysia who participated utilizing a structured questionnaire data collection methodology. Subjects consisted of final (3rd) year business undergraduates and final year Master of Business Administration (MBA) students in the concentrations of management. They were appropriate primarily because their academic concentration implied that they had serious interest in pursuing a business career. Based on literatures to establish the major impressions and domains associated with start up intentions, the researcher has gathered his own survey instrument with a series of 29 employment -self employment related motivational items that could be feasibly responded by students. The 7 main themes covered by the survey questions include firm and owner characteristics; interest to start-up; motivation to switch job if employed; career preferred timing and industry; medium for seeking employment: desire and prospect of rewards and opportunity; criteria of choosing employers. Many of the items overlapped conceptually, but one of the aims of the pilot study was to trim the study items after determining which preeminent represented the constructs. The researcher contacted students directly via targeted groups of respondents list originating from the Faculty of their academic major program. Responses were gathered on a 5-point Likert scale ranging from 1 = â€Å"extremely undesirable† to 5 = â€Å"extremely desirable.† and total scale score was obtained by averaging the nine questions. Any items with a negative valence were reverse coded so that higher scores were indicative of favorable entrepreneurial -related motivations. Table 1, shows the hypotheses to be tested in this study. 4. Analysis and Results Students primary motivations to start-up were probed once all the related information from the respondents was entirely obtained. In order to establish instrument reliability, Cronbachs coefficient alpha was computed. The reliability coefficient was 0.71 which indicates that the instrument was reliable in its measurement of determinants for start ups. Information pertaining to each respondents age, gender, and expected salary was obtained to use as control variables in the analysis. Each of these control variables was recorded as non-continuous, categorical predictors. Then, data reduction technique is used to unfold the information embedded in the survey data. Hypothesis 1: Intention for independent business start-ups is higher than joining established firms After elimination of subjects with survey questionnaires were only partially completed, the final sample totalled 196 students. As shown in Table 2, this sample was equally represented between the genders, consisting of 107 (54.6%) males and 89 (45.4%) females. Subjects were primarily graduating undergraduate business students (65.8%) and graduating postgraduate students (34.2%). In fact, there were 129 bachelor degree students who aged below 25 years than MBA students who aged 26 and above. The majority of subjects were expecting salary between RM5001- RM15000 (56.2%) which is not in accordance or earnable with employment even in established firms. Students responses for exploring into entrepreneurial sector were gathered on a 5-point Likert scale ranging from 1 = â€Å"Very Keen† to 5 = â€Å"Not interested at all.† Since the mean, median and mode values are very close to each other, it shows the data is symmetrical. The mean for the 196 students is 2.08 with a standard deviation of 1.088. The Trimmed mean value of 2.01 is similar to the mean above. Hence, shows there are no outliers in the data set. In this survey, since the sample size is 196, the Kolmogorov-Smirnov test is used. The p-value of the test is less than 0.001. Hence, the data is not distributed normal. Of the 196 students, 77 (39.3%) very enthusiastic towards start-ups, 52 (26.5%) eager to start-up, 46 (23.5%) open to any opportunity, and 16 (8.2%) to consider start-up option. Out of total, 5 (2.6%) prefer employment. Since the correlation value is within 0.5 to 0.8, start-up intention among degree students is said to correlate â€Å"adequately† with at least one other variables in the construct. In this survey, the KMO value is 0.819, which is considered good. Bartletts test of sphericity is used to analyse whether the correlation matrix is an identity matrix. Identity matrix can be ruled out if the p-value of the test is less than 0.05 (Karuthan and Krishna, 2009). In this model, since the p-value is less than 0.001, the researcher proceeds with factor analysis. Since the researcher wanted to study the underlying construct among the six variables: Curiosity, Interest, Consideration, Preparation, Setting Up and Start-up Timing. This is a single underlying concept; therefore, it is called the â€Å"Start-up Intent Structure†. Since the â€Å"Start-up Intent Structure† varies from person to person, it is a variable too. However, it cannot be measured by physical means. Hence, it is called a latent variable or just factor. The model for â€Å"Start-up Intent Structure† is given in Figure 4. In Figure 4, one can visualize six simultaneous regression functions: Curiosity, Interest, Consideration, Preparation, Setting Up and Start-up Timing as the dependents and â€Å"Start-up Intent Structure† as the independent. Curiosity = L1 Ãâ€" â€Å"Start-up Intent Structure† + e1 Interest = L2 Ãâ€" â€Å"Start-up Intent Structure† + e2 Consideration = L3 Ãâ€" â€Å"Start-up Intent Structure† + e3 Preparation = L4 Ãâ€" â€Å"Start-up Intent Structure† + e4 Setting Up = L5 Ãâ€" â€Å"Start-up Intent Structure† + e5, Start-up Timing = L6 Ãâ€" â€Å"Start-up Intent Structure† + e6 where Lis are called the factor loadings and eis are the error terms. Table 4.1, since there are 6 variables in this analysis, 6 components (or factors) are listed in the first column. The respective eigen values and percent of variance explained are provided in the next two columns. For Factor 1, the eigen value is 3.109 and the variance is 51.811% of the total variance. For factor 3, 4,5 and 6 the eigen value is less than the default value of 1. In the same table, under â€Å"Extraction Sums of Squared Loadings†, only two factors are listed, corresponding to the factors for which the eigen values is more than 1. Based on the cumulative % column, these factors explain 68.792% of the total variance in the 6 original variables. According to Karuthan and Krishna, (2009) established that, in social sciences, at least 50% of the total variance in the variables in analysis must be explained by the factor of factors. In this survey, a single factor extracted explains more than 50% of the total variance in the original variables. Hypothesis 2: Motivations to switch job if employed in established firms associated with independent business start-ups One way Analysis of Variance is used to test if there is a difference in means between motivation variables. Based on Kruskal Wallis Test (Table 5) for the mean ranks, obviously, the degreed students are looking for a more challenging career in terms of expanded scope of work, more responsibilities and change in career path rank much higher compared to the students who looking to join a more established and stable organisations. On the other hand, 82.20% students feel that they need to escape from unfavourable office working environment such as not happy with peers, bosses, office politics and etc. Table 3.1, supports students interest, whereby 97.4 cumulative percent and mean rank shown probability of considering the new business start-up. Table 6, the p-value for the Levenes test for equality of variance is 0.000, which is less than 0.05. Thus, equality of variances is not assumed. Table 7 depicts that the F-value is 3.933 and the degrees of freedoms are 7 and 188. A small F statistic implies that the difference between group means is small and, hence, it could be concluded that there is no difference between the group means. The p-value of the test is 0.000, which is less than 0.05 and the eta-squared value of 0.128, which is less than 0.15, hence, at least one pair of means differ significantly. Therefore there is a need to identify the pair that differs significantly. In this case nonparametric test is performed. Based on Kruskal Wallis Test, the p-value of this test is 0.000, which is less than 0.05. Thus, at least one reason differs in terms of motivation towards self-employment rather employment. From the mean of all motivation constructs, it could be argued that most students are keen to start their own business (mean rank 109.37) and the main motive for start-up rather than considering employment is looking for more challenging career (mean rank = 110.89), followed by working environment reasons (mean rank = 82.20) and the need for financial security (mean rank = 68.96). The researcher identified two types of potential entrepreneurs depending upon their purposes at the time of commencing the business: firstly self-regulating who placed high priority on not having to work for others, and secondly, â€Å"company-men who builds the organization. This research obtains interesting findings and makes important tri-party contributions for students as future entrepreneurs, for policy makers in large established companies and for the decision-makers or curriculum designers of universities. As the results have shown, the motivation that encourages students to start up a new business, their curiosity with the idea of the new business or the hard work they are willing to put in preparation stage of the new business, along with their start-up timing, are key in the start up of the new businesses. Observing this principle, the new businesses are formed not only by those graduates who can do it, however, by the graduates who to do it coupling with those who have the â€Å"acquired eagerness† to do that. However, policy makers in established companies need to ensure that their employees working in a conducive office working environment with focusing more on employee relationship management. That probably will prevent employees to switch job looking for favourable working environment which free of office politics. Within this framework, educators are playing a very important role. Recently, Malaysian universities and governmental bodies have made efforts which include courses on new venture creation, however, it is not sufficient since the subject is not practiced or implemented from the lowest levels of schooling. 4. Acknowledgements A special thanks is due to the Dean of Business and Accountancy Faculty without whose openness and candor this research would have been impossible.

The Roman Empire :: essays research papers

The remains of the Western Roman state had been ruled since 476 by Odovacar, as supposed viceroy in the West to Eastern Emperor Zeno. The latter was uncomfortable with this arrangement, as Odovacar had presented him with a fait accompli. At the same time, in the mid 480s, Zeno was facing repeated invasions into Eastern Roman lands by the Ostrogoths under Theodoric. After the uprising against and defeat of the Huns in the 450s, the Ostrogoths had settled on the Byzantine side of the Danube en masse through foederati agreements by Byzantine Emperor Leo I. At his death in 474, they left their reservations based on hospitalitas, criss-crossing Thrace and the Balkans in search of food and in general warfare. By the late 470s, Theodoric had gained prominence as an Ostrogothic leader. Alternately supporting Leo II against rebels such as the general Illus and the Germanic-roman officer Theodoric Strabo, and revolting in search of food and better office in the Roman system, the Ostrogoths sp ent the greater part of the 480s raiding up and down the Balkans. At the same time, Odovacar in the West had heard of Zeno's plans to oust him, so launched a preemptive strike into Pannonia, the Western Balkans, hitting the Rugians hard. In 488, Zeno thus offered Theodoric the position of Master of Soldiers in Italy, in return for unseating Odovacar. Tired of a seventeen-year trek through Byzantine lands, Theodoric agreed. Passing through Pannonia, he acquired Rugian and Gepid troops through 489, then moved into Northern Italy, attracting Burgundians and Visigoths to the fight. He quickly reduced Odovacar to Ravenna, which was put under siege until 493. Then, in a banquet called to signal reconciliation, Theodoric and his servants murdered their opponent. Thus from 493, Theodoric established the first post-Roman kingdom in the West. By the 510s his lands included all of Italy, stretching past Milan in the north to the Alpine regions, where the kingdom abutted the Franks as well as the Burgundians in the northwest. Provence was also included in southeastern France, after Frankish defeats of the Visigoths in the region. Finally, Pannonian and Dalmatian lands along the Adriatic were incorporated into Ostrogothic dominions. Legally, he presented himself to Italian Latins as the Emperor Zeno's Master of Soldiers for the region, and maintained as thoroughly as possible Roman urban and rural administration, including the Senate. To the Germanics, however, he was a king. In

Resourcing Talent Assignment

Activity A (1000 words) 4 factors that affect an organization’s approach to attracting talent| * The type of talent they look to attract: I mean which competencies will be more suitable to the job they want. * The sector which the organization is operating in. As some sectors are much easier to find the talents than others. As sometimes so sectors got many employees working in than others for instance, in Egypt, It is much easier to find talents in Tourism and hospitality sector than to find in Nuclear energy sector! Corporate culture and how they accept the new employees: As this a major factor that would affect their approach; I mean to do it publicly so the employees know that the company is hiring a new CEO or that should be done secretly. * The size of the company is a crucial factor: Big businesses impress job candidates by offering a bevy of benefits, brand-name recognition and maybe even a big coffee brand name in the lobby of the company. The power of their brand: is definitely would affect their way. As big brands are easily to attract talents compared to a nameless brand.The resources available to them (financial and otherwise) that is why they would chose an easy to way to attract the talent (the recruitment method they would use) and their selection methods would be very tough to select the best from the big pool of candidates they get (attracting company). | 3 organization benefits of attracting and retaining a diverse workforce| Recruitment reflections benefit:Recruiting and maintaining a diverse workforce has its effect on the talents pool that any organization has in its blood stream.Widening the view for recruitment for all ethnic groups, different sexes, and different religions will definitely help to have all types of talents in the same place that will be reflected on the business outcomes. Reputation:Enhancing the organization’s reputation and image with external stakeholders. Many observational studies and surveys have tried to explore this area and its impact on any organization and its business.One of them had a reflective results, as its findings revealed that of the people surveyed that were currently employed, 58 percent would take a job with a company that had a bad reputation of diversity if they were offered more money. However, on average, these individuals would only consider the job if offered double their current salary. So it is quite clear how diversity in the workplace is now considered one of the attractions to any employee and how its absence would affect the cost of operations. Culture benefit:Managing better the impact of globalization and technological changeImproving knowledge of how operate in different cultures. 3 factors that affect an organization’s approach to recruitment and selection| Legal framework and working ethics:As the unlawful discrimination is prohibited, fairness and equality of opportunity could have legal requirements to be considered in the recruitment an d selection processes. Budget:Budget is one of the crucial issues in any organization approach to recruitment and selection. For different types of recruitment methods, they have a variable cost; For example: the price of online recruitment websites is very low if compared to other recruitment methods like head hunters.And relying on different selection methods is highly affected by the budget, such as relying on assessment centers needs expertise and more cost compared to CV database, and so on. Availability of required job or post: Knowing how many people are specialized in the vacant positions will affect the approach of the organization to recruitment and selections methods. I mean for instance, if we are looking for a vacant position of janitor, there will be no need to have an online ad or national press ad or assessment center as a tool to select the candidates.While if we got a vacant of senior consultant IT or business expert, definitely these functions and tools might be a pplied to recruit because we might need a high voice tool to reach everywhere so online or press ads might work and also this post is not common to find. How important is the post for the organization and it is level on the structureThe level that the vacant position is working in in any organization definitely would affect the approach of any organization to select the recruitment and selection methods to use.For example, if the required employee is in the high level or for executive position, those people who might be interested are not normally, at least in our region, apply through general email or address though, so head hunters might be a great tool for such positions. | Discussion comparing and contrasting the benefits of 3 different selection methods| 1. Assessment centers * They are far more accurate than a standard recruitment process as they allow a broader range of selection methods to be used during the process. They enable interviewers to assess existing performance as well as predict future job performance. * They give the opportunity to assess and differentiate between candidates who seem very similar in quality on paper. * They give the candidates a better insight into the role as they are tested on exercises typical for the role they have applied for. * They help employers build an employer brand. Candidates who attend assessment centres which genuinely reflect the job and the organisation are often impressed by that company, even if they are rejected. The cost of an assessment centre is usually cheaper compared with the potential cost of many recruitment phases and the cost of recruitment errors. * They are a fair process – they complement an organisation’s diversity agenda and ensure that people are selected on the basis of merit alone. 2. Typical and structured interviewsWhen it comes to evaluating the advantages of typical structured interviews, the main advantage is that all the applicants have an equal opportunity to prove that they have the required skills and experience for the job.Additionally, as an initial selection process, the structured interview questions are basically set up in a manner which allows the interviewer to obtain all the initial data as well as professional details that he or she would want to know about every applicant. 3. Telephone screening * Telephone interviews are simpler to arrange, and the process itself takes much less time than face-to-face interview sessions. * When using this method as an initial screening process, the cost of interviewing a large number of candidates is much lower than if they were interviewed in person. Telephone interviewing also cuts costs when candidates live far away, since most businesses reimburse interviewee travel expenses. Using the telephone to screen out unsuitable candidates can greatly reduce these costs. * This format is an ideal way to assess a candidate's telephone manner. This is particularly helpful if the job requires telephone c ommunication skills or is heavily customer-service based. | Activity B-Portfolio and Interview Observation Introduction The HR department has followed a recruitment process for filling a vacancy request for â€Å"Office Manager† at ALICO.The recruitment process outlined below highlights the main elements for filling this vacancy which includes: Planning: Identifying need for recruitment Setting the criteria for the job ( drafting job description, person specifications, set of competencies) Resourcing: drafting a job ad Short listing: interview-based competency Selection Offer of Employment Reason for Recruitment There are three main reasons why we are recruiting for the position of â€Å"Office Manager† at our company: 1) Growth in Business Operations: Our insurance company is growing and consequently the business is increasing.We need employ a senior staff member to manage the growing number increasing set of responsibilities and functions at the First Nations Office. 2) Change in Business Objectives: Need for diversity in terms of nationality is necessary to align with the trend of Emiratisation across business sectors in the UAE. In this case, a Emirati national would be preferred as likely candidate to fill this position. 3) Employee Exit: the person previously in charge running the overall office services at the First Nations Office has been re-located to another branch in a different country.A new team member is required to run the existing operation and ensure efficiency and control over them and in case of additional functions. Job Description Position: Office Manager PURPOSE The office Manager is responsible for organizing and coordinating office operations and procedures in order to ensure organizational effectiveness and efficiency. SCOPE The Office Manager reports to the senior Administrative Office and is responsible for providing office management services to the First National Office.This includes maintain office services and effic iency, suprrvisi9ng office staff and maintain office records. RESPONSIBILITIES Maintain Office Services Main Activities Design and implement office policies Establish standards and procedures Organize office operations and procedures Supervise office staff Monitor and record long distance calls Prepare time sheets Control correspondence Review and supply requisitions Liase with other agencies, organizations and groups Update organizational memberships Maintain office equipment Supervise Office StaffAssign and monitor clerical and secretarial functions Recruit and select office staff Orient and train employees Provide on the job and other training opportunities Supervise staff Evaluate staff performance Coaching and disciplining staff Maintain Office Records Design filing system Ensure filing systems are maintained Define procedures for record retention Ensure protection and security of files and records Ensure effective transfer of files and records Transfer and dispose records acco rding to retention schedules and policies Ensure personnel files are up to date and secure.Maintain Office Efficiency Plan and implement office system, layout and system procurement Maintain and replenish inventory Check stock to determine inventory levels Anticipate needed supplies Verify receipt of supply Perform other related duties as required. 3. Person Specification Form Position Required:Office Manager Department:First Nations Office Location:Abu Dhabi | Essential| Desirable| Assessment Method| Qualification| | | | BA in Business Management or equivalent | X| | CV| CIPD certificate in HR| | X| CV| Experience| | | |Minimum 4 years in Management| X| | CV| Minimum 2 years in HR functions| | X| CV| Knowledge and skills| | | | Ability to use MS Office competently| X| | Interview| Ability to design and manage administrative systems| X| | CV, interview| Writing procedures and policies| X| | Interview| Basic Financial skills| | X| Interview| Managing records| X| | Interview| Good ora l and writing skills in Arabic and English| x| | Interview| Excellent Organization skills| X| | Interview| Knowledge of time management applications| X| | Interview| Leadership skills| X| | CV, Interview|Mentoring and coaching| | X| Interview| Interview Assessment Form Candidate's Name:Hayya Al Ali Post:Office Manager Panelists:Monette, Mustafa, Moamen, Abdulaziz Date:27th June 2012 Score (1-5)1 No-low evidence 5 Meets competency fully| Comments| Competencies | 3| * Candidate seemed confident and has a positive attitude. * Demonstrated interest in working for ALICO * Candidate showed â€Å"initiative† since she gave brief information about ALICO * She is familiar with IT systems due to her academic formation. * CIPD certificate provides knowledge on HR. She has knowledge on how to combine HR and IT | -Overall Impression-Academic/Work Experience * Why have you chosen to apply to this position? * Tell me about a typical day at work? * Why did you decide to do the CIPD certifica te? How are you applying it? | 4| * Displayed fluency in English and Arabic * Able to express herself easily * Low tone when speaking but confident * Displayed coordination skills with large groups (10+) as per her role in committees. * Displayed skills in communicating message across to staff through her induction program which she gives across departments. She gave examples on how empathy and listening skills helped her build rapport with her team members. * Able to communicate with senior managers and entry level employees * Displayed her skill in convincing and influencing where she argued her case regarding an employee based on evidence and the benefit for the company. * Displayed experience in presentation design and delivery through her work in committees and induction| Essential CompetencyCommunication and InfluenceCommunicates clearly and effectively with a wide variety of people both formally and informally. . Please explain a time or situation when you had to communicate your views or ideas to senior management to get support? 2. What were the problems encountered? How did you handle them? 3. Here you mentioned committee involvement, tell me more about this experience. | 4| * Displayed skill in working within a tight timeframe and prioritizing tasks according to an action plan. * Able to balance work and personal life where she mentioned that â€Å"time management† is an area she improved with time. Displayed planning skills in her ability to design workflow for the Orientation program. * Identified essential skills for planning which include team discussions, research, benchmarking, setting objectives and implementation. | Essential CompetencyPlanning and Organizing Tendency to establish an efficient and appropriate course of action for self and others 1. Tell me about an example where you had to plan and organize a task in a short time-frame. 2. Tell me about your experience in designing the Orientation program. Who did it involve? 3.What a re the tools that you used for recruitment and selection since you did that in your previous job? | 3| * Showed experience in leadership skills through her involvement in various committees where she acted as President. * Acquired skills in leadership by attending a multitude of forums on the subject * Showed experience in managing and coordinating team activities and assign/delegate responsibilities (approximately 17 people) * Managing â€Å"emotional situations† with staff with empathy. * Displayed firmness if employees do not complete a task they have been assigned. Identified that lessons learned from leadership are: planning, being firm and having people accountable for their work. * Tries to sympathize and listen to employees. | Essential CompetencyLeadership Promotes and generate of cooperation among the team to achieve a collective outcome 1. In your resume, you mention that you have â€Å"leadership† skills, can you elaborate more on this? How many people did you manage in your last job? what did you learn from that experience? 2. What are the best ways of improving the performance of a team? 3.Demonstrate how you use your leadership skills to achieve project 4. What did you learn? 5. Please describe a time when you had to provide feedback to others on their performance. How did you go 6. What kind of feedback did you provide? | 3| * She displayed professionalism and confidence when facing a conflict whereby she maintained her position or opinion bc it is based on facts and respected other people's different opinion. * She seems a bit â€Å"stubborn† regarding her opinions which are based on facts. * Identified that â€Å"best practice† and policies are the best way to address a problem r make a decision * She respects the hierarchy of the organization and the decision making process should respect that hierarchy. | Desirable CompetencyDecision-Making and problem solving (Desirable)Tendency to make swift decisions and judgm ents even in the absence of all necessary information. 1. Give me an example where you had to make decisions in the absence of your Manager? 2. How did it go? 3. What did you learn? 4. Tell me about a time when you had conflicting priorities and what you did to resolve them. 5. What kind of problems do you handle best? 2| * Uses IT in analysis at her work. * Developed a new system that combines IT and HR that can produce data and statistics relevant for HR and Finance. * Knowledge in ERP systems and KPI development. | Desirable CompetencyData Analysis (Desirable)Tendency to analyze, organize, understand and present data. 1. What kind of IT skills did you acquire? How did you apply this in your work? 2. Tell me about a system you developed that helped organize the data. | 3| * Candidate interested in the job since she feels that it provides growth to her career | General Comments|Interview Evaluation ( group discussion)| * Considerable experienced in all HR functions * Sufficient kno wledge of management of office operations ( skills in IT and time management) * Good record in leadership and supervisory skills * Confident and organized. * Good skills in starting new projects * Has good initiative and self-motivation * May not have sufficient basic financial skills but is knowledgeable in excel sheets | DecisionCandidate is accepted for the position and offer letter to be sent by recruitment office. Signature †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ALICO Insurance LLC P. O. Box 2. UAE, Abu Dhabi Phone 00000000 – Fax 11111111 June 27, 2012 Hayyah Al Ali 11603, Abu Dhabi Dear Ms Al Ali, ALICO is pleased to offer you a job as an Office Manager of the First Nations Office located in Abu Dhabi. We trust that your knowledge, skills and experience will be among our most valuable assets. Sh ould you accept this job offer, per company policy you'll be eligible to receive the following beginning on your hire date. Salary: 45,000 AED monthlyBenefits: ALICO provided benefits for employees, including the following: Education assistance Health, dental, life and disability insurance Profit sharing Vacation and personal days To accept or decline this job offer: Sign and date this job offer letter where indicated below. Fax all pages of this job offer letter back to us. This offer is valid for one month from the date of send. If we didn’t receive any reply from you within a month this offer will be cancelled. For any clarifications, kindly contact Recruitment Department, Phone 897987789.We hope to welcome you on board personally. Sincerely, Abdulaziz Ali Recruitment Manager, Human Resources Accept Job Offer By signing and dating this letter below, I, Hayyah Al Ali, accept the job offer of Office Manager by ALICO. Signature:_________________________________ Date:_________ ____ Decline Job Offer By signing and dating this letter below, I, Hayyah Al Ali, decline the job offer of Office Manager by ALICO. Signature:_________________________________ Date:_____________ ALICO Insurance LLC P. O. Box 2. UAE, Abu Dhabi Phone 00000000 – Fax 11111111 June 27, 2012Mr. Moamen Azab 11603, Abu Dhabi Dear Ms Mary, We appreciate your interest in ALICO and the position of ‘Office Manager’ for which you applied. Though the selection committee appreciates the time you invested during the panel interview, it has selected another candidate who has experience in human resources-a main requirement for the position. Thank you for interviewing with our team. Everyone enjoyed meeting you and we hope that you consider applying for our open positions for which you qualify in the future Sincerely, Abdulaziz Ali Recruitment Manager, Human Resources

Advantages and Disadvantages of Internet 5

ADVANTAGES & DISADVANTAGES OF INTERNET GOOD MORNING TO MY RESPECTED TEACHER AND MY FELLOW FRIENDS TODAY I M GONNA PRESENT A SPEECH ON ADVANTAGES AND DISADVANTAGES OF INTERNET BEFORE COMING TO THE POINT I WOULD LIKE TO SAY SOME FACTS ABOUT INTERNET WHAT IS INTERNET? ACCORDING TO THE DEFINATION PROVIDED BY OXFORD DICTIONARY, THE INTERNET IS AN ARRANGEMENT OF CONNECTED COMPUTERS,WHICH LETS THE COMPUTER USERS ALL OVER THE GLOBE EXCHANGE DATA. AT THE PRESENT TIME, APPROXIMATELY 33% OF THE WORLD POPULATION HAS ACCESSIBILITY TO THE INTERNET. THE INTERNET IS AN EXTAORDINARY ENTERTAINMENT AND LEARNING TOOL THAT MAY BE UTILIZED IN A NUMBER OF MODES TO INCREASE THE ABILITY OF A USER TO COLLECT INFORMATION. THE PRINCIPLE COMPONENTS OF THE INTERNET ARE THE WORLD WIDE WEB(WWW) AND E-MAIL INTERNET WAS CREATED IN THE UNITED STATES BY THE †UNITED STATES DEPARTMENT OF DEFENCE ADVANCED RESEARCH PROJECTS AGENCY†(known as DARPA). IT WAS FIRST CONNECTED IN OCTOBER,1969. THE WORLD WIDE WEB WAAS CREATED IN SWITZERLAND IN 1989 BY A BRITISH MAN NAMED TIM BERNEERS-LEE. THE ALTERNATIVE NAME â€Å"NET† CAME FROM â€Å"INTERNET† The advantages of Internet Following are the advantages provided by the Internet: ) Information The biggest benefit offered by the Internet is information. It functions as a valuable resource of information. You can find any type of information on any subject with the help of the search engines like Yahoo and Google. 2) Communication The primary goal of the Internet is communication. It has do ne extremely well in this field, however the development process is still going on to make it more dependable and quick. By sending an e-mail, we can contact a person who is physically present thousand miles away within the fraction of a second’s time. 3) Entertainment Internet functions as a popular medium of entertainment. A wide variety of entertainment including video games, music, movies, chat room, news and others can be accessed through the Internet. 4) E-commerce E-commerce is the idea that is implemented for any form of commercial strategy or business transactions that entails transmission of data from one corner of the world to another. E-commerce has become a fantastic option through which you can shop anything. 6) Services A variety of services are offered via Internet, for example job searching, online banking, buying movie tickets, hotel reservations and consultation services etc. When you avail these services offline, they become more expensive. The disadvantages of Internet Following are the disadvantages of Internet: 1) Spamming: Spamming denotes distribution of unsolicited e-mails in large numbers. They are meaningless and they unnecessarily block the whole system. These activities are treated as illegal. 2) Theft of personal details While using the Internet, there is high probability that your personal details like name, address and credit card number may be accessed by con artists and used for fraudulent purposes. ) Pornography: Pornography is definitely harmful for your children. There are numerous pornographic sites available over the Internet and watching any of those can have very bad influence on the mental health of your children. 4) Virus threat Virus is a program that interrupts the usual operation of your personal computer system. PCs linked to the Internet have high probability of virus attacks and as a result of this your hard disk can crash, giving you a lot of trouble.

Internet Marketing for Automobiles essays

Internet Marketing for Automobiles essays In society today, the Internet is a fabulous tool for automobile companies to inform the public about their products. In addition, the Internet serves the consumer, allowing potential customers to research various vehicles they are considering. By bringing customers in through Internet-generated sales leads, the dealers are also able to lower their customer acquisition costs. Above all, the Internet is about the proficient distribution of information. The Internet is used to price vehicles, review cars, check for recall notices and safety standards, as well as to check what a dealer may have in his or her inventory. Within a short time, and with a small amount of effort, the car purchaser can become well informed about all aspects of his or her purchase decision (Keller, Car purchasers in today's market are a vast and varying breed of consumer. According to NFO WorldGroup, one of the leading providers of research-based marketing, car buyers can be segmented into six basic groups. "Status buyers" are those who purchase a specific type of car to show success or gain self-confidence. "Utility buyers" are those motivated to purchase a car simply for transportation. "Adventure buyers" seek freedom and adventure. "Family buyers" are those who purchase a vehicle to aid in the ease of transportation for family, as well as those who purchase a vehicle with their family in mind. "Belonging buyers" purchase cars that allow them to fit into society. Finally, "Attraction buyers" purchase vehicles that attract attention to themselves (NFO WorldGroup, 2003). Among these various types of buyers, there are also external considerations when purchasing a vehicle. While one vehicle may appeal to a certain section of the population based on economical factors, that same vehicle may not appeal to those who see the vehicle as bad for the environment, or bad for current politic...

Describe the differences between the R list and vector Essay

Describe the differences between the R list and vector - Essay Example Visualising data as graphs ,maps and boxplots is another important requirement . R comes with strong graphical and mapping facilities. â€Å"R is an integrated suite of software facilities for data manipulation. R is very much a vehicle for newly developing methods of interactive data analysis. Many consider R as a statistical system. It is an environment in which most of classical and modern statistical techniques have been implemented†.(Venables et al 2009) . â€Å"Every thing is an object in R. All Objects are built of a basic set of built-in objects. The type of an object define how it is stored in R. Objects in R also are members of a class. .Classes define what information objects contain and how these objects may be used â€Å".(Adler Joseph 2009) All kinds of vectors can be created using the c(†¦.) function where c stands for combine or concatenate . Numeric vectors containing a sequence of values can be created using the sequence function seq( ) or using the operator :. Vectors can also be created by repetition of elements using rep( ) function(Alder Joseph 2009) Vectors can be used in arithmetic expressions ,in which case the operations are performed element by element. The elementary arithmetic operators are +,-,*,/ and ^ (Venable etal 2010).Vectors need not be of the same length A lot of built in mathematical functions are available in R which can take a vector as an argument and return another vector as a result .Such functions are called vectorised functions .Such functions make calculating and plotting mathematical functions easy. Lists are created using the list function .Objects in the list can also be named . Components in the list can accessed by the double subscript `i` where i is the position in the list. If the objects in the list are named ,the components can be accessed using

Three Interesting Articles about an Issue Related to Money and Capital Assignment

Three Interesting Articles about an Issue Related to Money and Capital Markets, Financial Markets, Financial Instrument - Assignment Example The first article "Economists are rethinking the view that capital should not be taxed" relates to policy making. Taxation is one of the major tools of fiscal policy. The policy makers consider the canons of taxation put forth by Adam Smith but some markets are so complex that it is almost impossible to achieve all the objectives of these canons: There are trade-offs. This article probes into the usefulness of tax on capital gains. Traditionally, taxes on capital gains have been low because of the belief that higher taxes would have an impact on growth. This article provides arguments against this view and suggests that taxing capital gains is a good idea. America’s current corporate-tax system is being blamed for the struggling economy. Currently, the tax rate on capital gains is 15% which is lower than in many countries. Since the 1970s and 1980s, many economics have believed that this tax must be made lower. Some argue that there should be no capital tax at all. Governments have to tax some part to restore equality and to fund public goods but there is an inevitable trade-off: taxes have an impact on consumption. Negative responses to taxation are harmful for the economy. Taxation has been dealing with inequalities that related to pay differences and these inequalities were addressed through taxation on labor. However, capital tax has more complicated implications because when tax affects the level of investments and savings, it has an impact on future growth and consumption. The economic sector has incessantly appealed the policy makers to cut the rate of capital tax and it was, in fact, brought down to more than half from 1950 to 1980. There is pressure for more and zero capital tax has been recommended by most economists. Messrs Piketty and Saez have argued that lower capital tax has brought more inequalities and lesser growth. They argue that taxing capital gains is not a bad idea because the capital markets are imperfect and it is appropriate to tax capital to provide social insurance against risks. It is commonly believed that capital investments are very sensitive to the changes in tax rates. In order to keep these investments running in the future, zero tax on capital gain should be employed. This belief is reputed by the argument that most of these taxes are paid by working-age ad ults who are saving for their retirement. Therefore, they are going to save regardless of the fact that their savings are being taxed. Some economics argue that the conventional view of taxes has been ignoring inheritances. Taxing hard workers who have earned their income due to their ability seems to be unfair as those who have done nothing to earn their income are exempt. Messrs Piketty and Saez found out that the capital-output ratios