The Minimum Wage Should Be Raised - 998 Words

What if a 16 year old was making $18,000 a year after taxes, working only 25 hours a week? Most likely you would expect that teenager to have a pretty prestigious job at such a young age. However that is not the case, if the minimum wage is raised to $15 an hour, a 16 year old could make $18,000 yearly working only 25 hours a week at McDonalds. Now for teenagers that have goals for college or a car, that would money to set aside for the future, however most 16 year olds do not have those goals in mind yet, so that extra money turns into wasted money. As of February 2016 the minimum wage ranges anywhere from $7.25-$10 across the United States. Florida’s rate is at $8.05 an hour, however some believe the minimum wage should be raised to $15 an hour in all states(Raise).† People working in minimum wage jobs may feel as if this $7 bump would be a great advantage to them, but there are possible negative results of doing this too. As a manager of a restaurant where emplo yees start at minimum wage, I can only imagine the effects our company would feel. Raising the minimum wage is not the solution to helping people out of poverty , I feel it will only be enabling them to stay in the same position they are in and give less motivation for teens to further their generation. Increasing the minimum wage will harm businesses and will decrease the motivation to get a further education. While raising the minimum wage will create bigger paychecks, it does not mean that will solveShow MoreRelatedMinimum Wage Should Be Raised?958 Words   |  4 PagesMinimum Wage Louis Montgomery III English Composition 101 Mrs. Blackwell April 23, 2015 Minimum Wage Do minimum wage jobs help pay the bills? Do minimum wage jobs support the family? Should minimum wage be raised? Will raising the minimum wage reduce poverty? The idea of minimum wage jobs is to help people get work experience without having any skills. Most minimum wage jobs include fast food restaurants and grocery stores. Minimum wageRead MoreShould Minimum Wage Be Raised?1062 Words   |  5 Pagesever pressing question regarding Minimum wage. Not many subjects can ignite a controversy as quickly as that of whether or not minimum wage should be raised, or by how much should it be raised or if it should remain the same. What is minimum wage? By definition, minimum wage is the minimum hourly wage an employer can pay an employee for work. (â€Å"MinimumWage.com†) America’s minimum wage was first introduced by President Franklin D. Roosevelt in 1938. That minimum wage was introduced as part of the FairRead MoreShould Minimum Wage Be Raised? Essay1596 Words   |  7 Pagesgovernment has so generously termed the â€Å"minimum wage†. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and SeattleRead MoreMinimum Wage Should Be Raised1145 Words   |  5 PagesThe current minimum wage is $7.25, which equals two gallons of milk, one fast food meal or two gallons of gas. Can you imagine yourself working 12-hours a day and only having enough money to p ay for rent and put food on the table for your family? With working all those long hours, you can barely afford to pay your utility bills and after that you don’t have enough money or time for luxuries like clothing or vacation. You have no savings as matter of fact, you are in a huge debt and you are livingRead MoreShould Minimum Wage Be Raised?870 Words   |  4 PagesShould Minimum Wage Be Raised? Minimum wage has always been a controversial issue. Many politicians use the argument of minimum wage for their own political propaganda. Some may argue minimum wage should be raised, while others believe it will have detrimental effects on our economy if it is raised. Surprising to most people, minimum wage earners make up only a small percent of American workers. According to the Bureau of Labor Statistics, minimum wage workers make up about 2.8% of all workersRead MoreMinimum Wage Should Be Raised935 Words   |  4 PagesMinimum wage is an ongoing debate in the United States. There are some people who think that it should be raised to a higher rate and others who think that it should not. There are many different pros and cons with raising minimum wage. Minimum wage is at a balanced rate that should not be raised due to lack of skill, low education, and economic problems. Jobs that require minimum wage are created for young adults who are in college or high school. They are to help one get one on their feet so thatRead MoreMinimum Wage Should Be Raised910 Words   |  4 Pagesmaximize the American Dream on the minimum wage† (Benjamin Todd Jealous). In 1938, minimum wage was created by the federal government in order to protect workers by ensuring a minimum of twenty-five cents per hour worked. Though President Roosevelt had the right idea in protecting the workforce, something needs to be done to ensure that Americans are getting a reasonable amount of money for the amount of hours they have worked. As Benjamin Todd Jealous stated, minimum wage is not enough for the averageRead MoreMinimum Wage Should Not Be Raised863 Words   |  4 Pagesthan triple the minimum wage. If the minimum wage is increased, it would eliminate people’s incentives to improve. On top of that, inflation would occur, and poverty would virtually stay the same. In addition, raising the minimum wage would bring on hardship for small businesses. Of course, one may argue that the minimum should cover the cost of living, but people should have to work for their money. The minimum wage should not be raised in the United States. If the minimum wage were to go up, peopleRead MoreThe Minimum Wage Should Not Be Raised858 Words   |  4 PagesRepublican presidential candidate, Ted Cruz, is of the opinion that the Minimum wage should not be raised. This is a large issue as the current federal minimum wage of $7.25 is not enough to support basic living costs in a fair number of states. Ted Cruz highlights the consequences of raising the minimum wage yet ignores the cons of it remaining static (Ted Cruz on the Minimum Wage). In an article in The Atlantic, the discussion of the cost of living is brought up. The article talks about how theRead MoreShould Minimum Wage Be Raised?1337 Words   |  6 Pagesnot to raise the minimum wage in America has been a widely discussed topic for years. Minimum wage refers to the smallest amount of money a worker can legally be paid in the U.S. It was first signed into law in 1938 by President Franklin Roosevelt in order to keep workers out of poverty and as it stands, the current federal minimum wage in the U.S. is $7.25 per hour. (United States Department of Labor). Today, while some are even questioning the significance of having a minimum wage at all, others

Financial Accounting and Financial Reports Sample for Students

Questions: 1.Identify in the Financial Statements, the notes to the Financial Statements, and the Statements of significant Accounting Policies those parts that relate to property, plant and Equipment. 2.In addition to goodwill, what are the categories of Intangible Assets of this Organisation? How are they recognized and measured? How were their useful lives estimated? 3.Where do Provisions appear in the Statement of Financial Position? What are the Accounting Policies with respect to long service leave? 4.What are Contingent Liabilities and how can they arise? Making reference to the Accounting Standards, how are Contingent liabilities recognized and what are the disclosure policies? 5.Using the Financial Statements Calculate, and Comment on, the following ratios: Current ratio, rate of return on total assets, times interest earned, the debt ratio and the P/E ratio. Answers: 1.Its a requirement according to ASSB 116(2014) to recognize tangible assets i.e. PPE in financial reports as shown in Flight Centre balance sheet illustrated in note F4 whereby they are recognized by net book values of $216,239,000 for 2016 and $196,300,000 respectively. Recognition of PPE cost is only accounted for if the future benefits relating to the item flow to the entity as well as its measurability concept set in place as per ASSB 116.7(2014), Flight Centre being a travelling servicing industry the need for PPE as a pivotal commercial engine for its revenue generation though indirectly as illustrated in page 39 of the FLT FY16 Annual Report and especially from Top Dec and Back Roads via use of freehold land and buildings as well as plant and equipment. According to ASSB 116(2014) assets are recognized after deduction of accumulated depreciation and amortization depicted in Flight Centre PPE schedule page 41 of the FLT FY16 Annual Report subject to note 2. ASSB 116.6(2014) states that the cost of acquisition or purchase consideration in relation to the share-based payment of an asset is the cash or its equivalent paid as well as other consideration paid for the acquisition. The cost of acquisition mostly relates to the amount attributing to the asset acquired. The purchase consideration made of $338,000 for the PPE acquired and recognized in SUs after controlling 100% interest, BYO jet and that of TDTS of PPE valued at $981,000 during business combinations see note A6(iv) of the FLT FY16 Annual Report clearly explains ASSB 116.6(2014 )on purchase consideration. ASSB 116.25a, b, c(2014) instructs on how to handle asset specific value through consideration of transaction costs and foreign exchange rates risk evaluation. The value that relates to exchange rate should be accounted for as post tax in the cash flow statement. Flight Centre has ensured that the latter regulation on exchange rate value is taken into consideration in the cash flow statement as effects of exchange rate changes (page 40 88 of the FLT FY16 Annual Report) as well as in the balance sheet as exchange differences in note F4. ASSB 116.27(2014) states that the cost of an item of PPE in our case rental is determined by in accordance with ASSB 117(2014) as illustrated in the profit and loss statement on rental expense relating to the operating lease as shown in note F1. After recognition of assets is done at cost (Eckstein, 2004) as it is recommended in ASSB 116.15(2014) and seconded by Flight Centre in note F4, further measurement of recognition instructed by ASSB 116.30(2014) upon charging accumulated depreciation and impairment of losses is done. Flight Centres balance sheet clearly shows how accumulated depreciation is accounted in note F4 for years 2014, 2015 and 2016 e.g impairment of plant and equipment is accounted in the profit or loss statement as illustrated in note A5. Depreciation of PPE should reflect in the profit and loss account as recommended in ASSB 116.48(2014) and should appear as an expense as shown in note B7 and in the profit and loss account. ASSB 116.50(2014) further requires systematic allocation of depreciation over its useful life this has been done using straight-line method over the useful life of 2-8yrs see note F4 (page 87 of the FLT FY16 Annual Report). The service/utility expected from an asset determines its usefulness life basing on the judgment made with similar assets as per ASSB 116.57(2014).At the point of disposal, the depreciation halts at the earlier date the asset is held for sale according to ASSB 116.55(2014) whose applicability is illustrated in Flight Centre reports note F4 on disposal of $2,209,000 of Plant and Equipment as well as its respective depreciation expense of $45,476,000.DE recognition is applicable mostly to a disposal of an asset or upon when no future benefit is expected from an asset according to ASSB 116.67, a and b(2014. Flight Centre has derecognized its asset through disposal note F4. ASSB 116.68A(2014) clearly illustrates on gain or loss on disposal of PPE and the treatment of proceeds in financial statements as explained in Flight Centre notes A3/F4. Disclosure of how net book value was arrived to, depreciation methods used, rates and economical life, gross carrying amount at the start and end of financial year as well as its reconciliation is a requirement by ASSB 116.73a, b, c, d, and e(2014). Flight Centre (page 41 of the FLT FY16 Annual Report) explains on how NBV was settled to, note F4 (page 87 of the FLT FY16 Annual Report) explains on the economic life, the method of depreciating, gross carrying amount and depreciating periods 1st July 2014,1st July 2015 and as at 30th June 2022.Notes A1, A5, and F4 of the Financial Reports explain on reconciliation. According to (Hegh-Krohn,2000) and ASSB 136(2014) on impairment of assets in our0 case PPE, basically applies to reporting done after January 2005 according to AASB 136.1(2014) whereby Flight Centre reports for 2014, 2015 and 2016 conquer with the standard. ASSB 116.58)2014 clearly illustrates on how to measure and recognize impairment whereby if the recoverable amount is less than the carrying amount the difference is the impairment loss. Impairment is done using straight-line method over projects future benefits with the economic life of between 2.5 and 5 years. Impairment of the intangible asset relating to PPE in Flight Centre basically followed the AASB 136 fully from recognition to measurability. 2.Intangible assets are classified as those assets that arent physically seen nor touched (with no physical state of nature) the following are the intangible assets of Flight Centre; Brand names, customer relationships, other intangible assets (those that relate to software), internally generated intangible assets, market share/rights An intangible asset is recognized when the assets themselves are able to defend their non- physically state of nature. Asset identification is another criterion of recognition (Lhaopadchan, 2010) whereby the asset is separable from the entity and can stand for itself during the sale, lease, rent, disposal among others. It should also result from legal rights set in place governing the latter whether inherited, transferred, contracted hence ownership. Full/partial control of an asset gives recognition to the asset such that any benefit befalling the asset is restricted to an entity in ownership of the intangible asset to avoid access to the benefits by none beneficiaries. Cost measurability and future economic benefit resulting from the intangible or activities originating from are factored in recognition. Recognition is attained if;(a)Cost measurement where the need for reliability in an individual cost/fair value measurement of an asset with certainty by ensuring respective costs relating to the assets are traceable and allocated accordingly is recommended refer, (Mackenzie,2014).(b) Provision of future economic benefits to the firm by the assets activities hence enhancing recognition through analyzing reasonable supported assumptions made by the management within both internal and external conditions along the activities of the firm under the use of intangible assets and what the assets proofs best to contribute to the objective and future economic benefits of the firm. Intangible assets are measured at cost and further subjected to amortization along the economically useful life set in place or measured through revaluation method. Initial cost mostly is subjected to amortization and hence reduction in its future life time performance/end result. Amortization is mostly done in systematic manner basing it over the useful lives. If the asset has an indefinite time the intangible asset will not be subjected to amortization. The overall duration an asset is expected to be in operation or of help to the entity is known as useful life. Mostly engineering estimate, as well as previous/past experience with the same or similar asset, stand as the technique mostly used to give useful economic life. Whereby by use of past experience of the intangible assets and its future benefits Flight Centre Travel has used this to determine the useful to be between 2.5-5yrs, with customer relationship not exceeding the useful life of 7yrs see note A5 (page 51of the FLT FY16 Annual Report. Since impairment only occurs when the fair value and carrying amount values arent recoverable or fall below the net book value, asset identification stands as the first policy where the need to identify the asset to impair stands, evaluate fair value and carrying cost under time value of money for purposes of finding whether there is impairment loss and if yes its disclose in the financial statements and later on reverse the impairment loss if need be. 3.Provision appear on the balance sheet as both current and non-current liability depending on the duration of the set allocation. It is illustrated in note F7 (page 41of the FLT FY16 Annual Report). According to ASSB 119.1a, b (2011) employee long service leave benefits (Burges, 2000) clearly define the need to disclose benefits accorded to employees. ASSB 119.153a(2011)defines the duration to which benefits settlement should be done whereby it requires leave to have it settlement not done wholly before 12months as implemented in note F7 and Q II, further emphasize on the abstentious paid days benefit plus allowances to relating to the same. ASSB 119.156(2011) defines measurement and recognition whereby the need to recognize the net total of the profit or loss unless other activities like service charges are consolidated. Its a requirement of ASSB 124(2013) ASSB 101(2012) to disclose of benefits for management welfare purposes and for employee benefit expense respectively unlike what is required by ASSB 119.140ii(2013) explain that a firm shall provide reconciliation from opening balance to the closing balance for the benefits of leave day to be paid as illustrated in note F4. According to AASB 110.12(2010) dividends declared before reporting by the shareholders are said to be recognized therefore appearing as the liability in balance sheet while those declared after reporting date are termed as dividends not recognized and therefore cease to be a liability and instead classified as a provision under AASB 137(2014).Flight Centre illustrates this in note H3(page 101 of the FLT FY16 Annual Report) where the directors declared the dividends on 25th Aug 2016 two months after June 2016 annual reports released hence transaction that has taken place after the end of reporting period. 4.The contingent is the possible obligation that may occur entirely depending on the uncertainties future outcome, (Kenned, 1998). Its until the outcome is seen that contingent can be realized as an actual liability. They dont appear as a liability in the financial statements but they captured as a footnote to the balance sheet (Cebotari, 2008). According to ASSB 137(2014), recognition of the contingent liability of an entity is never achieved and its recording mostly is done in journal form. An overview of the nature of the contingent liability description its disclosure at the end of the period as required by ASSB 137.86(2014) states that the disclosure of the possible settlement estimates, financial effects, uncertainties as well as timing indication and possible reimbursement from provisions should be done at the end of the reporting period. Note H2 (page 101of the FLT FY16 Annual Report) gives examples of contingencies like the ACCC Competition Law Test Case whose disclosure is made at the end of the financial year. The case clearly creates uncertainties as to when it will end whereas there is litigation fee incurred day in day out with subsequent appeals. No surety or time frame as to when the case will end. Contingent assets involve unplanned/unexpected activities resulting to probable economic benefit, e.g. Legal suit whereby nobody is certain over its outcome as illustrated in ASSB 137.33(2014). According to ASSB 137(2011) outlines the need to disclosure through economic benefit realization upon its possibility. Disclosure entirely depends on inflow benefit economically hence need to assess contingencies outcome so as to be at par with disclosure as guided by ASSB 137.89(2014). 5.Current Ratio analysis firms capability of paying short and long term debts. Current Ratio =Current Assets/Current Liabilities Yr. 2016 =2263233000/1566724000=1.44 Yr. 2015=2,152,700, 000/ 1,452,500,000=1.48 1.44 1.48 seem to be close to 1.5 the average value hence the firm is slightly financially able in paying its debt for 2016 2015. Rate of Return on Total Assets is earnings before interest and taxes against its total net assets, used to indicator effectiveness of assets against income generation, (Nosism, (2001) ROTA=EBIT/ (TOTAL ASSETS-TOTAL LIABILITIES) Net Asset 2016= 1345945000, EBIT 2016=345043000 ROTA=345043000/1345945000 =0.256 Net Asset 2015= 1,270,121,000, EBIT 2015=366,297,000 ROTA=366297000/1270121000=0.288 Hence assets utilized 25.6% 28.8% in generation of income 2016 and 2015 respectively Times Interest Earned measures company ability to pay debts payments=EBIT/Interest Payable TIE 2016=345043000/100,487,000=3.433 TIE 2015=366,297,000/109,744,000=3.34 Hence in 2016 Flight Travel was highly able to pay debt than 2015 Debt Ratio=Total Liabilities/Total Assets 2015= 1,517,845,000/2,787,966,000=0.544, 2016=1,655,371,000/ 3,001,316,000=0.551 Hence in 2016 Flight Travel had better financial position than in 2015, (Ohlson, 1980) Price Earning Ration=PES/EPS (net income/number of shares) =31.58/242.4=0.13 Essentially investors are willing to pay $0.13 for every dollar of earnings that Flight Travel Group has. References AASB, A.S., 2004. "Presentation of Financial Statements." Balance Sheet, vol. 68, p.73. Barker, R.G., 1999. "Survey and Market?based Evidence of Industry?dependence in Analysts Preferences between the Dividend Yield and Price?earnings Ratio Valuation Models." Journal of Business Finance Accounting, vol.26. no.3?4, pp.393-418. Board, A.P., 1970. "Intangible assets." Opinions of the Accounting Principles Board, vol.17. Board, M.A.S. Standard, R., 2000. Property, plant and equipment. Bragg, S.M., 2011. "Property, Plant, and Equipment. The Controller's Function." The Work of the Managerial Accountant, Fourth Edition, pp.251-270. Burgess, J., Sullivan, A. Strachan, G., 2002. "Long service leave in Australia: rationale, application and policy issues. Labor Industry." Journal of the social and economic relations of work, Vol.13, no.1, pp.21-38. Cebotari, A., 2008. Contingent liabilities: issues and practice (No. 8-245). International Monetary Fund. Eckstein, C., 2004. "The measurement and recognition of intangible assets: then and now." Accounting Forum, vol. 28, no. 2, pp. 139-158). Herrmann, D., Saudagaran, S.M. Thomas, W.B., 2006. "The quality of fair value measures for property, plant, and equipment." Accounting Forum, vol. 30, no.1, pp. 43-59) Hegh-Krohn, N.E.J. Knivsfl, K.H., 2000. "Accounting for Intangible Assets in Scandinavia, the UK, the US, and by the IASC: Challenges and a Solution." The International Journal of Accounting, vol.35, no.2, pp.243-265. Kennedy, J., Mitchell, T. Sefcik, S.E., 1998. "Disclosure of contingent environmental liabilities: some unintended consequences?" Journal of Accounting Research, vol.36, no.2, pp.257-277. Krever, R., 1986. "Companies, Shareholders and Capital Gains Taxation." Austl. Tax F., vol.3, p.267. Lev, B., 2000. Intangibles: Management, measurement, and reporting. Brookings Institution Press. Lhaopadchan, S., 2010. "Fair value accounting and intangible assets: Goodwill impairment and managerial choice." Journal of Financial Regulation and Compliance, vol. 18,no.2, pp.120-130. Mackenzie, B., Njikizana, T., Coetsee, D., Chamboko, R., Colyvas, B., Hanekom, B. Selbst, E., 2014. "Property, Plant and Equipment." Interpretation and Application of International Financial Reporting Standards, pp.147-182. Nissim, D. Penman, S.H., 2001. "Ratio analysis and equity valuation: From research to practice." Review of accounting studies, vol.6,no.1, pp.109-154. Ohlson, J.A., 1980. "Financial ratios and the probabilistic prediction of bankruptcy." Journal of Accounting Research, pp.109-131. Penman, S.H. Penman, S.H., 2007. Financial statement analysis and security valuation (p. 476). New York: McGraw-Hill.

Rachel Carsons Silent Spring free essay sample

A review of how the work Silent Spring by Rachel Carson influenced environmental ideas and actions. The paper looks at the influence of the book on the ban of the use of DDT, and how it spurred revolutionary changes in the laws that have been destroying air, land and water of this planet. The initiation of the environmental movement is explored in relation to the book and the development of this movement is traced. Seldom there have been incidents in the history of mankind that a single book has managed to alter the path of history, but Silent Spring written by Rachel Carson did precisely that. The book forced the ban on the use of DDT, after its publication in 1962, and spurred revolutionary changes in the laws that have been destroying air, land, and water of this planet. The obsessive concern of Carson for the future of this planet and the humanity that has been living for billions of years, echoed forcefully throughout the world, as her expressive book has been influential in the initiation of the environmental movement (2). We will write a custom essay sample on Rachel Carsons Silent Spring or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page

Organizational Behavior in Software Companies essays

Organizational Behavior in Software Companies essays It is difficult to make generalizations about organizational behavior. Organizational structure and thus organizational behavior can vary greatly from one corporation to another, one particular geographic or regional corporate climate to another, and one industry to another. Even within the particular organizational climate of companies that develop computer software, considerable environmental and managerial differences are evident between, for instance established companies such as Microsoft and upstart companies such as Red Hat.' For instance, Microsoft's current dominance of the proprietary software market and Red Hat's' stress upon nonproprietary software create a distinct divide between these company's corporate culture as well as the magnitude of Microsoft's sheer largess. Thus, different corporate cultures can be created between companies for many reasons, even within the software industry. For instance, because of the different salaries commanded by the average employee, and the different corporate ethos advanced by the individuals at the head of the corporation, a different ambience' or set of values may be stressed, formally or informally, between members of the staff and members of the staff and their supervisors. Also, chief executives do not only determine hiring and firing of employees. They also set a tone that can be quite unique, even within firms of the same industry, depending on whether the executive got his or her start within the industry, or is a hired gun' with an MBA, determined to turn a profit wherever he or she may find him or These fact being duly noted, there is still a general, distinct organizational climate of companies that develop software, as opposed to companies that are purely creative in focus, such as advertising agencies, for example, or purely numerical in nature, such as financial investment banking powerhouses su...

Chemical Engineer Job Profile and Career Information

Chemical Engineer Job Profile and Career Information Chemical engineers apply the principles of chemical engineering to identify and solve technical problems. Chemical engineers work mainly within the chemical and petrochemical industries. What Is a Chemical Engineer? Chemical engineers use math, physics, and economics to solve practical problems. The difference between chemical engineers and other types of engineers is that they apply a knowledge of chemistry in addition to other engineering disciplines. Chemical engineers may be called universal engineers because their scientific and technical mastery is so extensive. What Do Chemical Engineers Do? Some chemical engineers make designs and invent new processes, some construct instruments and facilities, and some plan and operate facilities. Chemical engineers have helped develop atomic science, polymers, paper, dyes, drugs, plastics, fertilizers, foods, textiles, and chemicals. They devise ways to make products from raw materials and ways to convert one material into another useful form. Chemical engineers can make processes more cost effective, more environmentally friendly, or more efficient. A chemical engineer can find a niche in any scientific or engineering field. Chemical Engineer Employment and Salaries As of 2014, the US Department of Labor estimated there were 34,300 chemical engineers in the United States. At the time of the survey, the average hourly wage for a chemical engineer was $46.81 per hour. The median annual salary for a chemical engineer was $97,360 as of 2015.   In 2014, the Institution of Chemical Engineers Salary Survey reported the average salary for a chemical engineer in the UK was  £55,500, with a starting salary for a graduate averaging  £30,000. College graduates with a chemical engineering degree typically gain high salaries for even first employment. Educational Requirements for Chemical Engineers An entry-level chemical engineering job typically requires a college bachelors degree in engineering. Sometimes a bachelors degree in chemistry, math, or another type of engineering will suffice. A masters degree is helpful. Additional Requirements for Engineers In the US, engineers who offer their services directly to the public need to be licensed. Licensing requirements vary, but in general an engineer must have a degree from a program that is accredited by the Accreditation Board for Engineering and Technology (ABET), four years of relevant work experience, and must pass a state examination. Job Outlook for Chemical Engineers Employment of chemical engineers (as well other types of engineers and chemists) is expected to grow at the rate of 2 percent between 2014 and 2024, slower than the average for all occupations.   Career Advancement in Chemical Engineering Entry level chemical engineers advance as they assume more independence and responsibility. As they gain experience, solve problems, and develop designs they may move into supervisory positions or may become technical specialists. Some engineers start their own companies, some move into sales, and others become team leaders and managers.

Theoretical Perspective on Secure Attachment Essay

Theoretical Perspective on Secure Attachment - Essay Example He claims that the infant's primary or original bond is with its mother, which then become the basis for all the forthcoming loves he will be feeling. He also claims that infants only have the desire in his mother's arms simply because the infant has already established that his mother will satisfy and provide for his needs without delay. However, Freud's more significant theory to the development of infant attachment is his drive reduction theory. He used the basic biological drives that are innate in human as the basis for this theory. He explains this by stating that when an infant is driven, an example of which is when he cries, he will then experience pleasure by receiving food resulting to the restoration of balance. (Freud, 1964) Another theory was introduced by Erik Erikson, called the Psycho-Social Theory also known as the Pschodynamic Theory. He was the first to propose that there are different stages of human development that lasts throughout the entire life span. His idea s were a huge influence that led to the study of personality development His theory also accounts for the term "identity crisis." He introduced eight stages to human development and later on added a ninth stage in his book entitled â€Å"Life Cycle Completed.† The first two stages pertain to the infant attachment theory, which he called the stage of hope and the stage of will. He claims that on the hope stage, between 0 to 12 months, an infant is trying to make a choice between trust versus mistrust as he tries to weigh whether his primary caregiver is reliable or not. The will stage on the other hand, is the stage of autonomy versus shame and doubt. He claims the will stage as the stage wherein the infant's need to explore the world, which may or may not be hindered by a caregiver's utter neglectfulness or over-protectiveness. (Cole, 2009) Though Freud instigated the infant attachment concept, John Bowlby was known as the father of the attachment theory after making the firs t and commonly known view on attachment theory. Bowlby believes that there are a number of innate control systems pertaining to behavior are a necessity for surviving as well as procreation. He also believes that attachment begins at infancy, continuing on throughout life. According to Blowby, an infant initially establishes a strong attachment with its primary caregiver and will become the infant's base of exploration. It is innate behavior for an infant to want to explore new things, however, when a child reaches away to explore and then faced with danger or feels scared, its secure protection base will be with the primary caregiver. Bowlby dedicated an extensive research to the concept of infant attachment, which he described as a "lasting psychological connectedness between human beings" (Bowlby, 1988). He also shared the psychoanalytic view that early experiences in childhood are important influences affecting development and behavior which may be seen later in life. Based on h is theory, our early attachment styles are established in childhood through the relationships between infants and primary caregivers. In addition to this, Bowlby was also of the belief that attachment had an evolutionary factor wherein it aids in survival stating that "the propensity to make strong emotional bonds to particular individuals is a basic component of human nature" (Bowlby, 1988). Bowlby also categorized different characteristics of attachments and are as follows: Safe Haven: When the child feels

The opportunities for Amazing Ideas to establish and launch its Assignment

The opportunities for Amazing Ideas to establish and launch its Transition Windows product in the Australian market - Assignment Example There are opportunities that exist for the company to pursue in the Australian market given its limited strengths. Recommendations These will be founded on facts fathered during the research process on whether the company should go ahead and launch its product-transition windows and make its entrance in the Australian market. Table of Contents Table of Contents 4 Introduction 5 2. Phase one report 5 B. Company mission Statement 5 C. Amazing ideas Strategies 6 D. Industry analysis 6 E. Target Market Profile 6 F. Product Profile 7 G. Country Readiness 7 H. SWOT Analysis 7 3. Phase two report 8 A. Place (Location) 8 B. Macro-level screening 9 C. Indicators of Market Accessibility 9 D. Micro-Level Criteria Screening 10 E. Phase II Conclusions and Recommendation 10 A. Competitive Analysis 11 C. Market entry 11 5. Entry mode 11 6. Market Segmentation 12 7. Promotion 13 8. Summary conclusion and Recommendations 13 Introduction The purpose of this document is to present a study of the opport unities for Amazing Ideas to establish and launch its Transition Windows product in the Australian market. This research process provided an opportunity to prepare a thorough analysis of Amazing Ideas and its product- Transition Windows, in order to present a detailed report on opportunities available in the Australian market. This document includes background information that is developed with the assistance of a SWOT analysis. Using this analysis, both market and sales potentials in Australia were studied resulting into the development of entry strategies and marketing plans with conclusions and recommendations for pursuing this wonderful opportunity in Australia (Stapleton,1997)2. 2. Phase one...This document includes background information that is developed with the assistance of a SWOT analysis. Using this analysis, both market and sales potentials in Australia were studied resulting into the development of entry strategies and marketing plans with conclusions and recommendatio ns for pursuing this wonderful opportunity in Australia (Stapleton,1997) . 2. Phase one report The objective of this phase is to conduct an in-depth situation analysis to establish a basis to assist in determining the company’s opportunities to compete in the market. Here is the scenario. A. Company Background Amazing Ideas a company that is to be headquartered in Australia, is eyeing to venture into the Australian market with its new product, Transition window. This company was established by students from the Swinburne University of Technology in the first year of marketing tutorial class. During this session the students came up with idea of transition windows with hopes of launching their invention which holds a considerable appeal to a potential Australian Market.