Animal Testing and Researching Essay - 1035 Words

Animal Testing and Researching Animal testing is supported by some, but opposed to others. The growing number of animals used in research differs among the different countries. The fruit fly and nematode are the most used animal in testing. However, the most common mammals used in animal research are mice and rats. Shaved albino rabbits and guinea pigs suffer severe testing for skin irritancy and eye irritancy. Though the usage of non-human primates are outlawed in some countries, the U.S. still finds the need to use them. The U.S. government uses tax dollars for testing pesticides and flourine products on animals. Animal testing has been a subject of controversy throughout the years. Though it may seem like a ?cruel and unusual†¦show more content†¦These small rodents are easy to handle and raise, thus used in large proportions. Mice and rats can be tested for various results. Since mice share ninety-nine percent of their genes with humans, believe it or not, they are considered the ?prime model of inherited human disease?. In addition to genetics, rats and mice are used to understand how different organisms interact with each other in the same environment. (Wikipedia) They are used for the study of human cancers and testing of new treatments because of its immunodeficiency status, allowing human tumors to be grafted on without rejection. (UCCA) Some rats are even used for studies of brain function, commonly memory and social behavior. The safety of drugs, vaccines, chemicals, and products are also tested on mice. (Wikipedia) Though rats may seem like the most popular lab animal, the most animals used in testing are actually invertebrates, especially the fruit fly, Drosophila melanogaster, and the nematode, Caeharbabditis elegans. These, like rats, are very cost efficient and can be studied in a large number. Their short life cycle also makes it convenient for genetic studies. Many invertebrate species are not protected under animal research legislation, so the number of invertebrates used in research is unknown. (Wikipedia) Shaved albino rabbits and guinea pigs are generally used for skin irritancy testing. Though test testsShow MoreRelatedShould Animals Be Used for Research? Essay740 Words   |  3 Pages There are several types of animals being used for research, but not surviving the test. Animals are similar to human beings; they have hearts just like human beings. Researchers have absolutely no sympathy for these animals, including the vicious ones. All animals need some type of affection from humans, or else there is a high possibility the animals will not survive. Personally, animal researching should be banned, but doing so, the researchers would have to find something else or someone elseRead MoreAnimal Rights And The Rights Movement Essay1035 Words   |  5 Pagessacrifice lives in order to protect the welfare of animals? Is the human race ready to justify trading human lives for animal lives? Even though we should make every effort ensure that animals are not wantonly harmed in research, animals certainly do not have the same rights as humans do. Many animal rights activists condemn research on animals, citing that it is inhumane. But prohibiting research on animals would be even more inhumane. Research on animals has eradicated many diseases and saved the livesRead MoreImportance Of Animal Testing1726 Words   |  7 PagesAnimal testing: Is it necessary? People take medicine, and they wear makeup. Most people own one or two or maybe more pets. Some people love their pets as if they were their own children. Pets are loved and taken care of. They are rescued and adopted. But do people know that they are treated the opposite in a laboratory? It is estimated that every year, 26 million animals are used for scientific and commercial testing in the United States. There are many reasons animals are used for testing. SomeRead MorePersuasive Essay On Animal Testing704 Words   |  3 PagesAnimal testing has been a around since 384 BC. â€Å"Some testing methods require the animal to; die, be exposed to radiation, remove or expose organs, or subject animals to trauma to create depression and/or anxiety.† (â€Å"THE LEADING SOURCE FOR PROS CONS OF CONTROVERSIAL ISSUES†) Animal tests and human results only coordinate about 5- 25% of the time. Not only is it inhumane, but it isnt even all that reliable. Not to mention, it`s an insufficient waste of government money. Yes it has helped us in vaccineRead MoreShould Animals Be Placed On Animal Testing?1513 Words   |  7 Pageshas been created to regulate animal treatment is the Animal Welfare Act, according to InfoBase learning, â€Å"the law does not, however, ban the infliction of pain on animal subjects outright. Additionally, the Animal Welfare Act co vers only dogs, cats, primates, rabbits, hamsters, and guinea pigs. It does not cover mice, rats, or birds.† While this law does set restrictions on animal testing, it does not cover all species used for research. Through this act, select animals are provided minimal protectionRead MoreAnimal Testing is the Best Way to Test Products Essay examples1116 Words   |  5 Pages 1. Introduction Thesis Statement: If animal testing were prohibited, then in what way would the effectiveness of a product be verified? A quote by Amanullah Ashraf states that, in order to gain something, we have to lose something . According to this, I will be discussing animal testing. Audience: everybody who thinks animal testing should be prohibited. Purpose: convincing people that animal testing is the best way to test products and its not â€Å"cruel† and â€Å"inhuman† as people say. 2. BodyRead MoreShould Animal Testing Be Banned?1665 Words   |  7 PagesTesting Cosmetics on Animals Companies around the world use animals to test cosmetics. Animals, such as rabbits, guinea pigs, hamsters, rats, and mice, are used to test the effects of chemicals on the eyes and skin. While animal testing is not mandatory, many companies use it. About Cosmetics Animal Testing by the Humane Society International talks about the different options companies have that do not require the cruel use and eventual death of animals. The article also talks about the overallRead MoreAnimal Testing Outline1616 Words   |  7 PagesWeldon 1 Animal Testing Introduction Thesis Statement: Animal testing is wrong because it is inhumane, costly, and unpredictable. I. Animal testing is inhumane A. Torture B. Type of testing C. Effect on the animal II. Animal testing is costly A. The cost of testing B. The cost of research C. What else we could be spending money on III. Animal testing is wasteful and unpredictable A. Mass Murdering of animals B. Endangered species C. If it works on animals it may not work on humans ConclusionRead MoreEssay on Animal Rights1331 Words   |  6 Pages Animal Rights nbsp;nbsp;nbsp;nbsp;nbsp;Ever since The Society for the Prevention of Cruelty to Animals in England in 1824 was formed there has been long running debates on the topic of animal rights. The first societies were formed to protect and maintain human treatment of work animals, such as cattle, horses and house hold pets. Towards the end of the 19th century more organizations were formed, this time to protest the use of animals in scientific experimentation. In today’s society groupsRead MorePros And Cons Of Animal Testing905 Words   |  4 PagesAnimal testing has been the target of animal cruelty groups since the beginning of its existence, but the benefits it provides, humans and animals far greater than the type of method that is used to get the results. Scientists Karl Landsteiner’s success in finding a cure to polio is an example of how the benefits of animal testing helped better future human lives. In his experiments he discovered that Polio viruses had three variations, meaning that they would have to produce a product that could

Nicolas Vidal in The Judges Wife Free Essay Example, 1500 words

The life that Nicolas Vidal lead was greatly influenced by his childhood and it was an affectionless one that led him to a cold and heartless life of crime and loneliness. Even when he paid for the love of women he never developed the feelings that are needed to make life happy. When he was able to feel the warmth of loving and being loved, he could not let go and this was the beginning of his downfall. Throughout the story, Vidal tries to avoid women by surrounding himself with men who were mainly thugs and this kind of life made it hard for any woman to get close to Vidal. Unfortunately, he could not get Casilda out of his mind up to the little details such as "the translucent young girl in her traveling suit, with bashful eyes and delicate fingers" (Allende Peden, 1999). The story generally tries to show the struggle Vidal has in trying to find freedom from his desire for love and intimacy but he is not successful in resisting his desires. He ran away from love all his life but in the end, when he gives in to his desires, it costs him his life. We will write a custom essay sample on Nicolas Vidal in The Judge's Wife or any topic specifically for you Only $17.96 $11.86/pageorder now The assumumption early in Vidals life that he will be a criminal as a result of the markings on his face may be added to the fact that the judge also contributed to it like the rest of the society that made a stereotype and decided that Vidal was an outcastFlannery O'Connor - "A Good Man is Hard to Find": character - The Misfit From the conversation that The Misfit has with the grandmother, it can be seen that he seeks some justification of the predicaments that he has been suffering spiritually and he also sees a disproportion between the personal suffering he thinks he afflicted and his actions. He thinks that his past actions cannot be equated to the punishment he has been given to them. He is depicted to wear tan and white shoes without any socks or shirt and he is a guy with spectacles that make he appear intellectual and through the way he talks, it can be concluded that he is uneducated even though he talks with politeness.

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Elizabeth Cady Stanton A Radical For Women s Rights

Lois W. Banner is the author of Elizabeth Cady Stanton: A Radical for Women s Rights. She is also the author of many other books based on women, such as Women in Modern America: A Brief History. Banner wrote this book in order to showcase to the world all of the situatuions that Elizabeth Cady Stanton faced and overcame. This very informative novel shows how Stanton has had doors opened for the population of women. She received her PhD at Columbia University. As a history professor at the University of Southern California, Louis W. Banner teaches on topics that include gender and sexuality and studies of women. Having strong interests in these subjects makes an important woman such as Elizabeth Cady Stanton stand out to Banner. Being that they are both women and both feminist makes Stanton even more relatable to Banner. This book was written in honor of one of the ladies that some would refer to as a stepping stone in the history of women s rights. Not a stepping stone in which to wa lk on, but someone that helped create new ways to approach social issues; whether peaceful or not. Elizabeth Cady Stanton, along with many other known women, helped pave the way for women today. Banner proved this many times in the book when she brought situations that arose, how they were handled, and also when she talked about Stanton s personality. Stanton had a very strong personality that included standing firm on what she believed in, especially equality for women. Banner went onShow MoreRelatedElizabeth Cady Stanton : America s First Feminist1222 Words   |  5 Pages Elizabeth Cady Stanton: America’s First Feminist Feminism. The word, depending on the person, could leave a sweet or sour taste. It means, simply, â€Å"The advocacy of women s rights on the grounds of political, social, and economic equality to men†(oxforddictionaries.com). But the connotation varies, from the aggressive to the convincing. When the eight-letter word pops into someone s brain, they might picture powerful modern and inspiring figures, like Malala Yousafzai, the youngest person, maleRead MoreElizabeth Cady Stanton: Fighting for Womens Rights Essay986 Words   |  4 PagesElizabeth Cady Stanton Elizabeth Cady Stanton didn’t want to be remembered as a household but the women they will admire. The purpose of this paper is to explain the life of Elizabeth Stanton and how she had a huge effect on the outcome of seeking equal rights for woman. Early Childhood First of all, the most famous influential feminist lead was known when she was a child. Elizabeth was born in November 12, 1815 in Johnstown, NY (Elizabeth Cady Stanton Biography). Her father was a judge andRead MoreEssay on Elizabeth Cady Stantons Fight for Equality 1252 Words   |  6 PagesElizabeth Cady Stanton was not just a mother, daughter, feminist, and writer; but she is the woman who changed the lives of women everywhere by fighting for equality. Stanton lived a normal childhood, but one that motivated her to never give up hope in reaching her goal. A quick background of her life will help better understand why she became such a powerful woman’s rights activist. Also, what she accomplished that changed history and how it still affects us today in 2011. I will also express myRead MoreWomen And Women s Suffrage877 Words   |  4 Pages The idea of women gaining the right to vote was one such of a tale. Men, and women never thought they would see the day where women were considered equal suffragists. Until August 18, 1920 when the nineteenth amendment was ratified into the United States Constitution, granting women the right to vote. Elizabeth Cady Stanton, and Susan B. Anthony died before they could see the day where women would become equal. Carrie Chapman Catt worked hand in hand with Susan B. Anthony, and served as the presidentRead MoreThe Fight For Women s Suffrage Movement1328 Words   |  6 PagesThe Fight For Women’s Suffrage The Women’s Suffrage Movement of the 1920’s worked to grant women the right to vote nationally, thereby allowing women more political equality. Due to many industrial and social changes during the early 19th century, many women were involved in social advocacy efforts, which eventually led them to advocate for their own right to vote and take part in government agencies. Women have been an integral part of society, working to help those in need, which then fueled aRead MoreAnalysis Of Elizabeth Cady Stanton s Poem, I Do Love You Lizzie !1138 Words   |  5 PagesI read both factual, and relevant information that was supported and developed throughout the novel. I enjoyed the fact that the author used actual quotes, and dialogue from letters between Elizabeth and her husband Henry which created a sense of reality. Ginzberg included a letter that stated, ‘â€Å"I do love you Lizzie!† he was from Boston. â€Å"‘Will you forgive all my coldness unkind ness†Ã¢â‚¬â„¢ (48). The author was extremely knowledgeable and had many sources for the information presented. There was anRead MoreCult of True Womanhood: Womens Suffrage1299 Words   |  6 PagesIn the 1840’s, most of American women were beginning to become agitated by the morals and values that were expected of womanhood. â€Å"Historians have named this the ’Cult of True Womanhood’: that is, the idea that the only ‘true’ woman was a pious, submissive wife and mother concerned exclusively with home and family† (History.com). Voting was only the right of men, but women were on the brink to let their voices be heard. Women pioneers such as Elizabeth Cady Stanton and Lucretia Mott wrote elevenRead MoreWomen s Suffrage By Matilda Joslyn Gage1433 Words   |  6 Pagesnot afford to have supporters more volatile than the already radical idea of allowing woman the vote. In an effort to push support for woman’s suffrage in the 1880s , the National Woman’s Suffrage Association (NWSA) decided that they needed to portray themselves and their supporters as respectable and honorable women. Matilda Joslyn Gage was one of several woman whose contributions were downplayed by the history books and by woman’s rights advocates for this very reason. Her radicalism even later separatedRead MoreDocumentary on Suffrage, Not for Ourselves Alone by Geoffrey C. Ward548 Words   |  3 Pagesarticulates the suffrage movement in the United States, along with Susan B. Anthony and Elizabeth Cady Stanton’s biography. In review, the movie dedicates a significant amount of time to the time after their deaths. Thus, the movie provided an overview of strategic moments in the woman’s suffrage history and the insights of two women’s lives. Not for Ourselves Alone delved into Susan B. Anthony and Elizabeth Cady Station’s relationship with their parents, however, primary focus directly integratedRead MoreWomen s Impact On Women Essay2266 Words   |  10 PagesThe 1800’s redefined who, what, and how women would continue to be represented in the United States. Prior to this era women’s roles in America were very limited; women had to abide by laws such as coverture. Men were the dominating force in social events, political events and in the economy. Nonetheless, women continued to fight these injustices and set multiple milestones during the 1800’s and the 1900’s. Several significant people and movements would attribute to these noteworthy milestones that

hider of truths - 2475 Words

Name ____________________________________ Period ________ Date __________ EXTRA CREDIT: Dimensional Analysis and The Crash of Flight 143 This assignment is worth 5 bonus points on your Measurement Test. Read the accompanying article â€Å"The Crash of Flight 143,† ChemMatters, October, 1996, pp. 12-15. Answer the following questions completely. 1. What are the three possible causes of the 767’s fuel pump alarm? 1) 2) 3) 2. The second fuel pump alarm made which possible cause most likely? 3. The faulty calculation occurred when converting from liters to kilograms. Why isn’t jet fuel measured by volume like gasoline is in cars? 4. What units were needed on the number 1.77 to express the density of jet fuel? 5. What units should they have†¦show more content†¦Pearson consulted the plane’s reference handbook, which said that normal flight was possible with one defective fuel pump. A few seconds of wary calm passed. Then more alarms sounded. The second pump in the left wing tank was also failing. It was too much of a coincidence for two pumps to fail at the same time—it was more likely that the left tank was running out of fuel. â€Å"We’ve got to go to Winnipeg,† Pearson said quickly, setting a course for the nearest large airport. Quintal radioed air traffic control, and they received immediate clearance to descend to 6,000 feet. Pearson throttled back the engines and switched a computer monitor to display the descent into Winnipeg. But he began to doubt that the plane could even make it After both engines ran out of fuel, Flight 143 glided powerless for 29 minutes before the pilots there. brought it down on the end of runway 32. With a collapsed nose gear and two blown tires, the The cockpit crew grew tense as the 767 nosed down plane skidded to a stop just before hitting a telephone pole and a fence. The giant aircraft miraculously avoided skidding into people who were watching a sports car race on the toward the clouds below. More beeps blared the worst abandoned runway. possible news: all four remaining fuel pumps were now The plane’s instruments should have quickly detected the error.Show MoreRelatedChild Development : Frank s Memoir2260 Words   |  10 Pagesquarters; however Anne appears to have accomplished more than her part to elicit malevolence. She had a bad temper, and was not always ready to control it (Faurisson, 1982, p. 147). Sometimes she must have been repulsively careful in telling fellow hiders what they were. She in some cases seemed to be exceptionally patronizing, especially in managing Margot. Anne was extremely disparaging of her mother, in an exceptionally good relationship with her father, and every now and then she hurt the two ofRead MoreIntroduction to Principles of Management19125 Words   |  77 Pagesprinciple of moral management is â€Å"is this action, decision or behavior fair to us and all parties involved?† Ethical Guidelines for Managers 1. Obey the Law – This s a basic tenet of social responsibility and managerial ethics 2. Tell the Truth – Telling the truth is important in building trust with relevance stakeholders 3. Show Respect to People – Respect for the individual is an important aspect of valuing diversity of persons 4. Stick to the Golden Rule – The golden rule states that â€Å"do unto others

Auditing and Control Within Organisations

Questions: Assume you are an auditor and are facing the following separate circumstances .All the following items are material .You can assume that management have refused to make any changes necessary to make the financial report true and fair so that the circumstances mentioned still exist. 1. The value of the write off for the Allowance for Doubtful Debts is inadequate .Management are unwilling to adjust it although the amount leads to a material misstatement of Accounts Receivable. The amount of the misstatement is limited to the Receivables and is able to be calculated. 2.A retailer provides a valuation for inventory at sales price less an allowance for sales margin. 3.The Block company has just been advised that its main customer who purchases 45% of its stock has just gone into liquidation.Due to the specific nature of its products Block company is unlikely to find another customer of this size.Block has been starting to have difficulties in making sufficient sales to continue operati ng. 4.The Croucher company has been valuing its buildings using the fair value method .Its buildings are currently shown in the balance sheet at their current market value of 18.5 million. The buildings had originally cost 12 million. 5.The Kaycee company values its inventory at LIFO and is unwilling to change it to FIFO as required by the Australian accounting standards.The amount of the misstatement is known and is limited to its effect on the inventory. Answers: Situation 1 Allowance for doubtful debts is a balance sheet account. It is the reduced from the total receivables of the company. This is regarded as contra assets account. It depicts the best estimate from the management side relating to the unpaid amount. It is the managements estimate that such amount will not be repaid by the customers. It directly affects the working capital of the company if this is understated or overstated. It is the responsibility of the management to record the allowance for doubtful debts properly in the books of account(Auasb.gov.au, 2016). Therefore instead of giving unqualified opinion auditor will give qualified opinion relating to this transaction of the company. A qualified opinion will be given because the amount is restricted to the receivables amount. There is material misstatement in the account which cannot be overlooked(Archive.treasury.gov.au, 2006). Therefore, it is the duty of the management to modify it according to the instructions of the auditor(Auditing and Assurance Standards Board, 2009). If management denies to the changes in the financial statements and auditor has not submitted the report to the board. Then auditor can modify its opinion and state it as adverse opinion. Auditor can take this decision on the basis that management has denied to take the corrective measures according to the relevant standards of the company(AUASB, 2010). Situation 2 Valuation of inventory is done at cost or net realizable value whichever is lower. This treatment is according to the relevant standard. This is the uniform standard on the basis of inventory is to be recorded in the books of accounts. But actually retailer has recorded its inventory at sales price less an allowance for sales margin which is not correct. Inventory is regarded as the largest current asset for any organization. Inventory valuation excludes the cost relating to the selling and administration. It affects the company's current ratio, working capital and current ratio of the company(CPA Australia , 2014). In this case the auditor will issue qualified opinion on the financial statement because inventory is not calculated on the true and fair view. Auditor will give qualified opinion because it is affecting the liquidity position of the company. Thus qualified opinion relating to this transaction is appropriate(CPA Australia, 2014). Situation 3 Third situation is relating to the company in which major customer who purchases the greatest proportion of the company material i.e. 45% of the stock of the company. These major customers went into liquation due to which company has to bear the loss of sales. Moreover right now company is not having any substitute for this customer. Therefore company is having ample of difficulties to continue the sales of the company(CPA Australia, 2016). This condition is hampering the going concern of the entity, which is a big thing for any company. Company has neither the intention nor the necessity to materially curtail its operations in the business. Therefore, auditor should state the mitigating factors due to which effect of the present condition can be minimized(charteredaccountants.com, 2016). When the going concern of the entity is not stable then auditor will give modified opinion. However primary responsibility of the auditor is to state true and fair opinion on the financial statements of the company(charteredaccountants.com, 2016). An auditor while reporting will include an explanatory paragraph also, in which it will describe the event which results into the non stability of the going concern(Standards.org.au, 2016). Moreover, auditor will consider the consideration of the management before stating his opinion over the matter. Thus block company auditor should consider the above stated points while giving his opinion on the financial statements of the company(APESB, 2011). Situation 4 In the given case Croucher company is valuing its building at the fair value method. The building is shown at the current market value in the books of accounts i.e. 18.5 million. However, the original cost of the building was 12 million. According to the standard of fixed assets building is recognized at the original cost. Therefore, it can be said that company has done upward revaluation(Standards.org.au, 2016). This shows that company has not represented its assets on a true and fair basis. In this case auditor will issue qualified opinion(Australian Accounting Standards Board, 2009). Situation 5 The Kaycee Company is measuring its inventory at LIFO basis instead of recognizing them at FIFO basis. According to the Australian accounting standard inventory should be measured at FIFO basis. This states that recognition criteria adopted by the management are not correct. First of all it is the duty of the auditor to inform the management of the company relating to this transaction(Australian Accounting Standards Board, 2009). Auditor will send written representation to the auditor relating to this transaction. Management after considering the written representation of the auditor; modifies the books of accounts accordingly then auditor will give qualified report(Standards Australia Limited , 2015). On the other hand if the management of the company does not consider the auditor's representation then auditor shall give an adverse opinion(Standards Australia Limited , 2015). Overall adequacies of the accounts are hampered if the accounting policy is changed by the management unnecessary(The Institute of Chartered Accountants in Australia, 1998). FIFO method records the inventory in sequence. It is regarded as the most common method and popular method of management accounting. FIFO method is more practical as compared to LIFO. Moreover it is the duty of the company to comply with the accounting standard. Situation 6 The Genome Company while preparing his financial statements does not disclose the related party because of the privacy issues. Related party relationship is regarded as normal feature of business and commerce. It has direct effect on the profit and loss of the company. Financial position of the company can be changed through the related party transactions. Thus it can be said that related party transaction plays a crucial role in determining the business course of action. Related party has an opportunity to enter into the transactions which are not permitted to the unrelated party(Laker, 2016). Thus it makes it materials to disclose the same in the financial statement of the company(Standards.org.au, 2016). Primary responsibility of preparing the accounts as per the relevant standards is the duty of the management. An auditor has secondary responsibility to express an opinion over true and fair view of the financial statements of the company(Australian Accounting Standards Board, 200 9). Audit of financial statements does not relieve management from its primary responsibility i.e. preparation of accounts according to the relevant standards(Archive.treasury.gov.au, 2006). Related party transactions are not independent in nature therefore it increases the responsibility of the auditor. Many transactions relating to the business are within the course of the business but this is not true for every transaction. Related part has the power to operate extensively therefore it is necessary to have true and fair disclosure. Thus auditor should inform management to make the relevant disclosure relating to the transaction. If management agrees and makes amendments according to the auditor then auditor should issue unqualified report(Tomasic, 2016). If manager do not agree with the recommendation and do not make any relevant amendments in the books of accounts; in that situation auditor shall issue qualified report to the Genome Company(Standards Australia Limited , 2015). Through this auditor draws attention of the stakeholders towards the relevant related party transactions of the company. It shows that transactions of the company are affected because of the [presence of the presence of the related party. It is the duty of the auditor to give written representation to the management. If the written representations are considered by the management then auditor can modify its report accordingly. Auditor will identify and assess the various risks relating to the related party transactions(Auditing and Assurance Standards Board, 2016). The auditor will respond towards the assessed risk according to the materiality of the transaction. Thus, it can be said that auditor will present modified opinion in this case(Auditing and Assurance Standards Board, 2016). References APESB, 2011. APES 210 Conformity with Auditing and Assurance Standards. Archive.treasury.gov.au, 2006. Australian Auditor Independence Requirements. Auasb.gov.au, 2016. Australian Auditing Standards. AUASB, 2010. Overview of the revised and redrafted Australian Auditing Standards. AUASB. Auditing and Assurance Standards Board, 2009. Auditing Standard ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards. ASA. Auditing and Assurance Standards Board, 2016. Auditing Standard ASA 720 The Auditor's Responsibilities Relating to. Australian Accounting Standards Board, 2009. Related Party Disclosures. AASB. charteredaccountants.com, 2016. Auditing Standards FAQs. CPA Australia , 2014. A Guide To Understanding Auditing And Assurance. CPA.

Situational Analysis of Starbucks free essay sample

We start off with the organizational analysis’s corporate mission, products and services, leadership Organizational Culture, and Strategy. Next we analyze the firms resources by means of tangible intangible resources, capabilities and core competencies. Then we move into the financials analysis which divides into subcategories such as valuation, growth, profitability, financial strength and management efficiency. The final aspect of the internal analysis is the SWOT analysis which clarifies Starbuck’s Strengths, Weaknesses, Opportunities and Threats. The final closure of the Strategic Analysis is the recommendations for both internal and external analysis along with a conclusion. 2. 0. 0History The history of Starbucks starts in Seattle in 1971. (George, 2010) Three friends; Jerry Baldwin, Zev Sigel, and Gordon Bowker, who all had a passion for fresh coffee, opened a small shop and began selling fresh-roasted, gourmet, coffee beans and brewing and roasting accessories. (George, 2010) The company did well, but things began to change in the 80’s. We will write a custom essay sample on Situational Analysis of Starbucks or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (George, 2010) McDonald’s has no issue with the generating locations and hitting targeted demographics. Primarily because, McDonald’s is the oldest business in the food service industry. The most common demographic in the American trends are the tweens to teens segment. Here, the up and coming teenagers, or teenagers dive into a new hangout place in order to gain the â€Å"feel† and â€Å"experience† the coffee industry offers. Starbucks offers an influence in the youth of America into employment roles or simply influential leisure hangouts for teenagers. Adam Smith’s â€Å"The Wealth of Nations† best defined competition amongst the market as Lassiez Faire â€Å"A philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action. † However, no single firm, or group of firms, must ultimately have complete power over any industry because that firm would have the power to regulate prices of that particular commodity. (Dept. of Labor, 2011) This would be known as a monopoly. Should a firm be in recognition of monopolistic power, they would be violating the Sherman Anti-Trust Act in practicing in unfair business practices. (Dept. of Labor, 2011) One example that led to unfair business practices is known as price fixing. (Dept. of Labor, 2011) Price fixing is defined as an agreement between business competitors selling the same product or service regarding its pricing. (Dept. of Labor, 2011) Other pieces of Government regulation is OSHA (Occupational Safety Health Administration). (Dept. f Labor, 2011) Here these laws are backed by the federal governing body of the United States Department of Labor. (Dept. of Labor, 2011) Simple laws here give the employee factions laws to simply abide by in case of any unfair management practices such as quid-pro-quo. All firms must abide by both means of competition and OSHA’s regulator laws. The only real factor in the government/political segment that affects the industry is the EBIT (Earnings Before Interest i n Taxes), because it defines the net worth after gross income a firm can accumulate in the coffee industry.