Caribbean Business Environment - 3165 Words

TABLE OF CONTENTS TOPIC PAGE Executive Summary 3 Background 4 Economic Environment 5 Social Considerations 6 - 7 Political Considerations 7 - 8 The Industrial Relations Climate 8 - 9 The Current State of the Private Sector 9 -10 Technological and Infrastructural Capabilities 10 - 11 Conclusion 11 Appendix 12 Bibliography 12 EXECUTIVE SUMMARY This report provides an analysis and evaluation of the factors that would affect the operations of a hotel that our company is interested in setting up in Jamaica. To effectively undertake this study, a PEST (Political, Economic, Sociocultural and Technological) analysis was carried out. The PEST Analysis†¦show more content†¦Despite these positive indicators, Jamaica’s economy suffers from serious debt problems (with debt-to-GDP ratio at more than 130%), high inflation (14% as of May 2010), high interest rates, large-scale unemployment and underemployment. Jamaicas onerous debt burden hinders government spending on infrastructure and social programs as debt servicing accounts for nearly half of government expenditures. In Jamaica’s 2010 budget 11% of recurring expenditure was allocated to National Security whereas only 9% was allocated to Health. We highlight some of the economic factors that are of concern to our company. High inflation rate means high cost of living and reduction in the spending power of both locals and tourists alike. Reduced spending power would translate into less hotel rooms being booked or being booked for a shorter period because visitors may not be able to afford the high cost of hotel rooms and all the other amenities that go along with a vacation. High interest rates would increase the cost of doing business in Jamaica. The government’s claim on credit resources crowds out the private sector’s access to credit. Therefore, bank lending is concentrated in a few sectors, causing interest rates to rise. 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Immanuel Kant Was A Philosopher Born In 1724 And Is Now

Immanuel Kant was a philosopher born in 1724 and is now considered to be a central figure in philosophy and ethics. He believed that our actions performed from our morals should be based on reason. He created a moral law that argues what should and should not be considered â€Å"good† actions. Kant’s article also talks about how our decisions and actions that are performed out of our morals, are the only pure good actions that we make because they are unselfish. He argues this because he believes that out moral duties are performed by reasoning and has nothing do with our emotions. When Kant is speaking of moral law, he is talking about how our will to do something is caused by our sense of obligation, that is encouraged by our personal or†¦show more content†¦But what makes it a good will is the motivation behind it. Why did you give the phone back? Was it because of your morals? Was it because you wanted to feel good about doing a good deed? If it was because of your morals, your sense of duty, then it is in fact a good will. To not be considered a good will, would be because you gave back the phone with the expectation that maybe the person would give you a reward for returning it or because you want to impress others by thinking that you are a good person. If for that reasoning you gave the phone back, it is not good because you did it with selfish intentions. You wanted something out of it instead of just giving the phone back because you know that it was the right thing to do. A good will is completely unselfish in any way and are done out of the fact that you have morals and know what is right and wrong. To continue with good will, a sense of duty is different from inclination. Inclination is a human’s feeling or urge to want to do something. An inclination can be considered good but not morally good, not a good will. Kant believes that acts done from sense of inclination should not be celebrated as a good will or â€Å"pur e†. An act of inclination cannot be considered moral because they are performed without forethought. For example, if you see someone you care about to get hit by a car and you run and push them out of the way, causing harm to yourself, it is not considered a good will. That act wasShow MoreRelatedEssay on Immanuel Kant (1724 - 1804)1093 Words   |  5 PagesImmanuel Kant (1724 - 1804) Author of Foundations of the Metaphysics of Morals (1785). The Enlightenment was a desire for human affairs to be guided by rationality than by faith, superstition, or revelation; a belief in the power of human reason to change society and liberate the individual from the restraints of custom or arbitrary authority; all backed up by a world view increasingly validated by science rather than by religion or tradition. (Outram 1995) In the eighteenth centuryRead MoreImmanuel Kant And John Stuart Mill1261 Words   |  6 Pagestwo philosophers. First of all the question I will be answering is â€Å"Should the moral value of an action be determined by the intentions/character that inspire the action, or the consequences that result from the action?† Second, the philosophers I am going to discuss throughout this paper are Immanuel Kant and John Stuart Mill. Now before I tell you my answer to this question I am going to explain these who these two philosophers are and what their viewpoints on ethics are. 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Optimal Technology Choice in a Dynamic-Stochastic Environment

Questions: Tasks:Use the DWC Virtual Library to search for articles on product and period costs, fixed and variable costs, direct and indirect costs, and calculation of costs of goods sold. Prepare a paper addressing product costs and period costs for a merchandising company and manufacturing company. In the paper, address the following points: What are the differences between product costs and period costs and the differences in their accounting treatment? What are the differences between fixed and variable costs, and direct and indirect costs? Describe the components of the cost of services provided by a service firm. Discuss how cost of goods sold and cost of goods manufactured for a merchandising company and a manufacturing company are calculated. Answers: The necessary costs associated with manufacturing a product such as those related to raw material, direct labor and manufacturing overheads are the product costs for a manufacturer. Period costs and their expense cannot be directly attributed to any part of the manufacturing process and it occurs over a prolonged period of time. Interest expenses, selling and administrative expenses, etc. are period expenses. The matching principle of accounting requires product costs to be considered only when the revenue arising from the same comes into the picture and the actual sale of goods is made (Kimball, 2008). The accounting entry, hence, is passed when sale has been done. Period costs, on the other hand, have nothing to do with sales and are registered during the accounting period in which it has been incurred. Fixed costs are those that remain unchanged by any other factor of production, etc. Items such as rent, salaries, etc. need to be paid irrespective of the volume of production. The fixed cost is a constant function and can be ascertained well before they even occur. Variable costs, on the other hand, are a function which is influenced by factors such as number of working days, units produced, volume of production, etc. Variable costs may increase or decrease depending on many different factors and cannot be accurately ascertained in advance (Fine, 2010). The costs of materials and labor can be direct if the same can be attributed to some fixed product production whereas it is known as indirect cost where the cost cannot be attributed to any particular production. Cost of services can be considered to be the same as cost of goods sold is for manufacturing companies. It takes care of all direct costs that are associated with a particular service system that has been created by the company. It, however, does not take into account indirect costs such as salaries, etc. and only those costs which are relevant to a particular service can be enlisted in the cost of services. The Product Cost Planning function can be used to calculate Cost of Goods Sold and Cost of Goods Manufactured. COGM comprises of the raw material cost, direct production cost, processing cost and overhead costs such as those pertaining to materials and production. COGS consist of not just the components of COGM but also the sales and administration overhead costs. Therefore, it is a single process wherein COGM and COGS can be calculated together. After putting together all elements required for COGM, the sales and administration overhead costs need to be added in order for it to show the value for cost of goods sold (Sanderson, 2001). Basically, the difference between COGM and COGS is that the former represents the goods which were manufactured in their entirety and then shifted to the finished goods inventory from the manufacturing process line. COGS, on the other hand, represent those goods which have been sold and have been flushed out of the entire system of the organization (Cohen, 2006). COGM can be calculated by adding and subtracting the finished goods inventory as well. References Cohen, M.A. (2006). Optimal Technology Choice in a Dynamic-Stochastic Environment, Journal of Operations Management, 6, 317-331. Fine, C.H. (2010). Optimal Investment in Product-Flexible Manufacturing Capacity, Management Science, 36, 449-466. Kimball, G.E. (2008). General Principles of Inventory Control, Journal of Manufacturing and Operations Management, 1 (1988), 119-130. Sanderson, S.W. (2001). Cost Models for Evaluating Virtual Design Strategies for Multicycle Product Families, Journal of Engineering and Technology Management, 8, 339-358.

The Merchant Of Venice, Perfect Play Essay Example For Students

The Merchant Of Venice, Perfect Play Essay During the 1600s, the city of Venice was the most liberal and powerful city state in the whole of Europe. However, intolerance of Jews was a problem which was rife. Many Jews were forced to live in the Ghetto of Venice which was ruled by Christians. If they wished to leave the ghetto during the daytime, they had to wear red hats so as they were recognisable from the Christians. To some extent, the prejudice and treatment of the Jews was eerily similar to the anti-Semitism during the Second World War. The laws for Jews living in Venice at the time differed from the laws applied to Christians. For example, Jews were not allowed to own property and it was difficult for them to obtain jobs with decent salaries. Therefore, many Jews practised usury; the lending of money at an unreasonable rate of interest. Usury was against Christian law and so Jews practising usury simply gave Christians yet another reason to ostracise them. The concept of usury is relevant to this play as it is a Christians participation in the act which the main plot stems from. We will write a custom essay on The Merchant Of Venice, Perfect Play specifically for you for only $16.38 $13.9/page Order now The character of Shylock lends money to his foe, Antonio, at the agreement that if he cannot pay it back within three months, Shylock can take an equal pound of your (Antonios) fair flesh, to be cut off and taken in what part of your body pleaseth me. . The play is not written in a way which sympathises greatly with Shylock, the Jew. The events that unfurl involving Shylock make it difficult for the reader to feel sympathy for the character. The fatal bond between Shylock and Antonio is sealed in Act 1 scene 3. The reader learns that Shylock hates Antonio because of his beliefs e is a Christian, but more so because of business reasons, He lends out money gratis, and brings down the rate of usance. It seems unfair of Shylocks character to base his hatred on these reasons as he does not appreciate Antonio as a person; he sees him as a Christian who is a threat to his business. Therefore, Shylock is prejudice. It is evident even at this early stage in the play that money is something which Shylock treasures and regards highly. It would be understandable for his character to feel some dislike towards Antonios for causing his earnings to decrease, but to hate him for this is unwarranted. Shylocks character appears to be baleful and his emotions extreme. Shylocks menacing character is explored further in this scene when he proposes the forfeit Antonio is to appease to. It is deeply disturbing that Shylock requests for Antonios flesh should he not be able to repay him. Shylock has a bloodthirsty need for Antonio to die painfully and so reveals to the plays reader a sadistic personality. Although the reader is already informed of Shylocks hatred, yet again it seems unjustifiable for him to want to kill Antonio if he should not be able to pay him back. The character of Antonio must also be considered to fully understand whether Shylocks hatred can be licensed. Antonio is a wealthy merchant. He is portrayed as a loyal and generous friend to Bassanio; he is willing to lend him 3000 ducats so as he can present himself as a possible husband for a young heiress of Belmont, Portia. It is Antonios treatment of Bassanio which evokes the reader to respect him. The character of Antonio is courteous. Therefore, it seems that, if anything, Shylock is jealous of Antonio, possibly of his wealth, as there seems to be no understandable reason to despise him. .u988dfba02bbcc4faf56533c8785efe22 , .u988dfba02bbcc4faf56533c8785efe22 .postImageUrl , .u988dfba02bbcc4faf56533c8785efe22 .centered-text-area { min-height: 80px; position: relative; } .u988dfba02bbcc4faf56533c8785efe22 , .u988dfba02bbcc4faf56533c8785efe22:hover , .u988dfba02bbcc4faf56533c8785efe22:visited , .u988dfba02bbcc4faf56533c8785efe22:active { border:0!important; } .u988dfba02bbcc4faf56533c8785efe22 .clearfix:after { content: ""; display: table; clear: both; } .u988dfba02bbcc4faf56533c8785efe22 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u988dfba02bbcc4faf56533c8785efe22:active , .u988dfba02bbcc4faf56533c8785efe22:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u988dfba02bbcc4faf56533c8785efe22 .centered-text-area { width: 100%; position: relative ; } .u988dfba02bbcc4faf56533c8785efe22 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u988dfba02bbcc4faf56533c8785efe22 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u988dfba02bbcc4faf56533c8785efe22 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u988dfba02bbcc4faf56533c8785efe22:hover .ctaButton { background-color: #34495E!important; } .u988dfba02bbcc4faf56533c8785efe22 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u988dfba02bbcc4faf56533c8785efe22 .u988dfba02bbcc4faf56533c8785efe22-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u988dfba02bbcc4faf56533c8785efe22:after { content: ""; display: block; clear: both; } READ: A Raisin In The Sun is a play written by an Afri EssayShylocks hatred for Antonio is unfair. In Act1 Scene 3, the reader discovers that Shylock is bitter from the inequality he has witnessed and experienced between Christians and Jews. He is a malicious, menacing man whose values are material things (money). I, as the reader, can feel very little sympathy for Shylock in this scene, the only sympathy coming from the fact that he has been mistreated by Christians because of his race and beliefs. Act 2 Scene 2, Launcelot gives a monologue in which he battles with his conscience. He believes that if he stays as Shylocks servant, he is staying with the devil, the Jew my master is a kind of devil. However, if he leaves I should be ruled by the fiend. Clearly there must be a reason as to why Launcelot believes Shylock to be comparable to the devil, which intrigues the reader into wanting to know more about the character of Shylock, and persuades them into the belief that he is not an honest man. However the reader is not told Launcelots reasons as to why he has a great dislike for Shylock. There is no evidence in Launcelots speech that Shylock is abusive either and so the truth about Shylock and Launcelots relationship is left a mystery. This scene tells the reader that Shylocks character is not well liked. This fact, therefore, further repels the reader from sympathising with Shylock Act 2 Scene 3 is extremely relevant to discovering another characters opinion of Shylock. Shylocks daughter Jessica is planning to escape from her father, I shall end this strife, become a Christian and thy loving wife marry her love, Lorenzo, and become a Christian. She plans to ruthlessly betray Shylock. As Shylock detests Christians, the reader can foresee his anger. Jessica rejecting her faith is perceived by the reader as a rebellion against her father, especially as the reader learns of her sheer loathing of him, to be ashamed to be my fathers child. Launcelot and Jessica feel similarly about the atmosphere in Shylocks house; Launcelot wants to leave, as does Jessica, our house is hell. Jessica cannot bear living in her fathers house with her father, which elicits great sympathy from the reader as she does not have a loving relationship with her father. The reader is now convinced of Shylocks inhumane nature, although they are still left with very little evidence of it, only other characters negative perceptions. The reader is captivated into wanting to know more about Shylocks relationship with other characters. In Act 2 Scene 5 it is clear that Shylocks relationship with Jessica and Launcelot is one where he sees himself as a superior. He is demanding of Jessica and a peremptory father; he repeatedly calls her to him as if she is a domestic animal, What Jessica! What Jessica! Why Jessica I say! . Shylock treats her as if she is merely there to serve him. He infantilizes Jessica and forces her into a position of subjection by his condescending manner of speaking to her, my girl, as if she is still a young child. Shylocks character becomes laughable when he tells Jessica to lock herself in the house, lock up my doors let not the shallow sound of foppery enter my sober house. It is ridiculous that he believes that even by hearing the sounds of Christians, or seeing their faces that Jessica will somehow become infected by them, as if they will damage her. It is as if a small child will not understand unless the point is exaggerated, as if Jessica is that child who is incapable of doing as her father wants. Launcelot is openly humiliating of Shylock in this scene, which seems very audacious for a servant, whose very role is to obey his master. He mimics him in saying Why Jessica! and undermines him when he says Look out the window for all this there will come a Christian by Will be worth a Jewes eye. Act 2 Scene 5 only invites the reader to sympathise with Jessica, who Shylock treats as an inferior, unintelligent young child. .u8cff5aee3c4d15ce4b463f596f11ceee , .u8cff5aee3c4d15ce4b463f596f11ceee .postImageUrl , .u8cff5aee3c4d15ce4b463f596f11ceee .centered-text-area { min-height: 80px; position: relative; } .u8cff5aee3c4d15ce4b463f596f11ceee , .u8cff5aee3c4d15ce4b463f596f11ceee:hover , .u8cff5aee3c4d15ce4b463f596f11ceee:visited , .u8cff5aee3c4d15ce4b463f596f11ceee:active { border:0!important; } .u8cff5aee3c4d15ce4b463f596f11ceee .clearfix:after { content: ""; display: table; clear: both; } .u8cff5aee3c4d15ce4b463f596f11ceee { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u8cff5aee3c4d15ce4b463f596f11ceee:active , .u8cff5aee3c4d15ce4b463f596f11ceee:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u8cff5aee3c4d15ce4b463f596f11ceee .centered-text-area { width: 100%; position: relative ; } .u8cff5aee3c4d15ce4b463f596f11ceee .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u8cff5aee3c4d15ce4b463f596f11ceee .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u8cff5aee3c4d15ce4b463f596f11ceee .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u8cff5aee3c4d15ce4b463f596f11ceee:hover .ctaButton { background-color: #34495E!important; } .u8cff5aee3c4d15ce4b463f596f11ceee .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u8cff5aee3c4d15ce4b463f596f11ceee .u8cff5aee3c4d15ce4b463f596f11ceee-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u8cff5aee3c4d15ce4b463f596f11ceee:after { content: ""; display: block; clear: both; } READ: The dramatic success EssayIt is understandable that Launcelot is rude to Shylock, when Shylocks demands are so preposterous. Act 3 Scene 1 is the only scene which causes the reader to feel some sympathy towards Shylock. He discovers that Jessica wasted the money she stole. There is an overriding emphasis on his wealth and it is saddening that he values his wealth over his daughter, I would my daughter were dead at my foot, and the jewels in her ear. Shylocks character, however, shows that he also values things other than for their worth. He learns that Jessica exchanged a ring of his for a monkey and is very upset, It was my turquoise, I had it of Leah (presumably his lover) when I was a bachelor. I would not have given it for a wilderness of monkeys. It is revealed that the ring had sentimental value to Shylock, and therefore his character is capable of compassion for another. In the final act, The Court Scene, Shylocks character is once again the blood-thirsty character he is in the first scene. He refuses to relent and show mercy for Antonio. It is clear that Shylock has such a vile hatred of Antonio, as he will not accept any sum of money, If every ducat is six thousand ducats I would have my bond, yet he is a man who values money more that his own daughter. He desperately wants Antonio to die painfully for his own selfish, sadistic gratification. This is sickening. When Portia win the court case, and finds fault in the bond, Shylock is punished for conspiring to kill a Christian. When he is ordered to give away his wealth and convert to Christianity, he is completely defeated, to the point that he wishes to be dead, Nay take my life and all ou do take the means whereby I live. It is difficult for the reader not to feel some sympathy for Shylock, as the things he values most have been taken from him. Overall, the reader is hardly invited to sympathise with Shylocks character. Shylock does not have good relationships with other characters, which appears to be his own fault. The most sympathy felt is for his daughter because her father treats her with such little regard. It is saddening that Shylock is such a bitter, angry and hateful man. However, it is very difficult to sympathise with a man who is homicidal and who has such hateful intentions.