My Community Internship Experience

The aim of this community internship program is for us to provide knowledge and practical experience necessary for functioning competently and effectively upon licensee in a health-system pharmacy. As a first year pharmacy student, I feel so nervous before entering into this kind of internship because I don't know what will happen when I'm into it and what will be the possible effect, but I'm really glad when I finished the required number of hours because all the hard work and sacrifices has paved off.During my internship period In MD-Rosary I experienced a lot Like organizing of drugs and arranging It to Its respective gondola, paper tabulating, dispensing, and more that Is not being practiced at the school. During our first day at MO-Rosaries they introduced to us the rules and regulations of the drugstore from the signing of DART before we leave and enter the store and also the body search overtime we leave the store, then after that Ma'am Carol showed the Rag area to us hen we s tarted copying the drugs In the Rag area after that we roam around and observed the whole drugstore.The next day we do the same thing as well, and we started copying each book from book 1 to 10 till the last day of our internship and we are always having an exam per book weekly. The best experience in this internship is when we were permitted to dispense drugs and at the same time we encounter different kinds of customers. I'm grateful that I finished this internship and learned a lot that will lead me too brighter future.

Childhood and Adulthood

Men face various phases of life. From being just a little fetus inside the mother’s womb, to being a toddler, a child, a teenager and then an adult, these phases are all being faced by any man and woman. And each phase is equally challenging as the others†¦ challenging for both the person him/herself and the people around him/her who have been watching and guiding him/her all the way.The most compared among these phases are childhood and adulthood. This is not only because these two phases are entirely opposite in terms physical attributes of the person himself, but also because of the number of other aspects which all seem to be on opposite sides. But, it is also worth considering that however opposite these two may look like, there are still worth noting similarities that are evident in the people going through these phases.Childhood and Adulthood DifferencesChildhood covers the age between 2-17 years old for women and 2-20 years old for men. Adulthood, on the other han d, starts when the person reaches maturity and that’s 18 years old for women and 2 years old for the men. But the difference is not merely on the numbers as there is more to it than that.During childhood years, the person seems to cling and acting like totally dependent to the people around him. The parents, older brothers or sisters, aunts, uncles and even the older neighbors will serve will be looked up to by the child.They will be the people whom the child will depend in terms of the most basic needs he has such as food, clothing, shelter, education and much more. Whereas the adults, they are more dependent onto themselves alone. The already learned how to feed themselves and even look for the means where he can get his own food. Even his clothing is not provided by anyone else but himself alone.Much more, at this phase of his life, he may already have a shelter of his own or he is already saving for one. At the same time, the basic educational level – primary and s econdary – is already finished and its either he is finished or almost finished with the tertiary level. This would mean that he can be a university student, a university graduate or already part of the country’s workforce.In terms of responsibilities, there is also a big difference between childhood and adulthood. During childhood, the person himself is not accountable to anything. It will be his parents or his guardians who will be responsible for whatever actions he may commit o whatever decisions he will made.In fact, the child is normally no allowed to do any decision by himself. He is always guided and looked upon to. Wherever he may go, he needs to ask his parents’ or guardians’ permission. Whatever he wants to do, may it be for his life or for his things, he will need to consult his parents and/or guardians first.If in times he commits mistakes, it will be his guardians or his parents who will take the blame. And they are the very people who will teach the child on how to learn from such mistakes. In the same manner, if in moments of challenging times wherein the child commit some deviant behaviors making him to sway away from the righteous parts, it will be the parents or the guardians who will be accountable for such deviant acts because it would seem that they have not given the right moral education for the child.To sum up, during the phase of childhood, it will be the guardians’ and/or the parents’ responsibility to hone the child according to the society’s moral standards and they will be the very people ho will hold sole responsibility for the child – his actions, ways of thinking etc.Meanwhile, as for the adulthood, the exact opposite happens. The person who just reached maturity and adult phase of his life will then have to be accountable for all his actions and decisions. He will now be the one to decide for himself and even for the little ones who are now looking up to him. He will have to decide what he wants to do with his life.He will be deciding whether to continue working or not. He will be deciding whether to move and build a house of his own or stay where e is right now. Every big and little decision will be entirely on his shoulders during this stage.Not only that, he may need to take responsibility for making decisions for other people who are now depending on him. Because he just reach the age where he may have his own family and kids, he needs to ensure that not only himself is safe from troubles and problems, he must take into consideration his own kids and other family members. In short, as one reaches adulthood, it would mean that the person himself is accountable for himself and other people.It would seem that he will be returning the favor that his parents or guardians did when he was just o the childhood phase. Now it will be his time to serve as the role model for the youngsters. Now it will be his time to take the blame when he did something sha meful and deviant. Now it will be his time to be responsible for the wrongdoings that his kids may have done.In terms of financials, there is also very big difference. Because during the childhood phase, the child is not responsible to anything, it just a common tendency that he will no be worrying about the money. Thus, he would just want to buy things (with his guardians’ or parents’ permission of course) without thinking of where to get the money or what will happen for the future.Whereas when he reaches adulthood, he will tend to be very practical in terms of financial consumption. This is brought by the fact that he is the one earning and will have to be responsible whether he will have enough saved money. He will need to learn to prioritize things which item is necessary, which item is just for luxury, etc.SimilaritiesAs for the similarities, most will be on the psychological part. The likes and dislikes of the person facing the different phase of his life may st ay the same. Like for example, if the child dislikes some things or have some phobias over some things, this dislike and/or fear will remain until he reaches adulthood.Also it is very typical for the child to act like an adult during role-playing while it is also typical for adults to act childlike some times during the adulthood. Thus, this sows that whether childhood or adulthood phase, the person himself is accepting what may lie ahead in the future or what he was when he was just a child.ConclusionIndeed, there is a big difference between childhood and adulthood. The physical appearance definitely changes. The level of responsibility grows from nothing to everything.The awareness of financial accountabilities changes from being guided upon to being the driver or the person-in-charge. It is really a big change that every person faces as he moves on with his life. Bu however challenging and different each phase may be, each phase is always worth looking forward to.

Bukidnon Deer Park and Wildlife Center Reaction Paper Essay Example for Free

Bukidnon Deer Park and Wildlife Center Reaction Paper Essay On August 26, 2012 I visited the Bukidnon Deer Park and Wildlife Center located at San Miguel, Maramag, Bukidnon. The purpose of the trip was to look at some fascinating wild animals that live from different parts of the world and to learn more about them. The first animals I visited were the mammals. Mammals are class of warm-blooded vertebrate animals that have, in the female, milk-secreting organs for feeding the young. The animals available at the park that represents this class were the Long-tailed Macaques (Macaca fascicularis), Palawan Bear Cat (Arctictus binturong), Common Palm Civet (Paradoxuros hermaphrodites), Balabac Mouse Deer (Tragulus nigricans), Leopard Cat (Pronailarus bengalensis), Philippine Mouse Deer (Cervus marianus), and lastly the Wild Pig (Sus philippinensis). After we have visited the mammals we then go straight to the Aves. But on the way to the Aves we came along to pass by the Japanese Koi (Cyprinus carpio). These are carps with red-gold or white coloring, kept as an aquarium or ornamental pond fish, native in Japan. They were so fun to watch. Finally we arrive where the Aves are caged. Aves are two-legged, warm-blooded animals with wings, a beak, and body covered with feathers. These animals lay eggs from which their young hatch, and most of the species can fly. The animals available at the park that represents this class were the Philippine Serpent Eagle (Spilornis holospilus), Brahminy Kite (Haliastur indicus), Single-wattled Cassowary (Casuarius unappendiculatus), Dwarf Cassowary (Cassuarius bennetti), Indian Blue Peafowl (Pavo cristatus), Indian Ringneck Parakeet (Psittacula krameri), Blue-naped Parrot (Tanygnathus lucionensis), Pied Imperial Pigoen (Ducula bicolor), Nicobar Pigeon (Caleonas nicobarica), Golden Pheasant (Chrysolophus pictus), Spotted Imperial Pigeon (Ducula carola), Lady Amherst Pheasant (Chrysolophus amherstiae), Blacked-chinned Fruit Dove (Ptilinopus leclancheri), True Silver Pheasant (Lophura nycthemera), Mindanao Rofous Hornbill (Buceros hydrocorax mindanensis), Visayan Hornbill (Penelopide panini ), and lastly the African Ostrich (Struthio camelius) which I liked the most because of its beautiful eyes and long eyelashes. Ostrich is also the largest and fastest living bird. It is a two-toed fast-running bird with a long bare neck, small head, and fluffy dropping feathers. But sad to say, it cannot fly. The third and last animal I visited were the reptiles. Reptiles are animals with tough, dry skin covered with horny scales. Reptiles are vertebrates – animals with backbone. They share characteristics common to other vertebrates – fish, amphibians, birds, and mammals. But reptiles display a unique combination of characteristics that distinguishes them from other vertebrates. Like amphibians, modern reptiles are cold-blooded, or ectothermic. This means that they are unable to produce their own body heat, so they rely on the sun for body warmth, and much of their behavior is directed toward regulating their body temperature. Some of the most widespread living reptiles are turtles, lizards, snakes, crocodiles, and alligators. The park only exhibit crocodiles among the class reptilian. They have the Saltwater Crocodile (Crocodylus porosus), and the Philippine Crocodile (Crocodylus mindorensis). The Bukidnon Deer Park and Wildlife Center helped for the maintenance of these wild animals that are near to endangerment and they also hatch eggs and do breeding for these animals to survive in this cruel world. This is very important so that our next generation can still see this wonderful creatures and gain knowledge at them. Bukidnon Deer Park and Wildlife Center Reaction Paper. (2016, Nov 27). We have essays on the following topics that may be of interest to you

Personal case study Example | Topics and Well Written Essays - 1250 words

Personal - Case Study Example Most human being are unique in many ways hence psychology tends to explains the similarities through understanding of their respective societal ethics. In understanding different human traits, personality psychology explains how human differ from others. This school of psychology also explains why some of aspects contradict or complement on human life. According to research, this field of discussion came later after all other schools had been discussed by psychologists. Stages of Development According to Freud’s explanation on the theory of psychodynamic, personality is structured in three major categories namely; Id, Ego and Superego and psychosexual stages of development. Whereby Id explains the basic instincts of all human beings, Ego refers to the stage which connects an individual’s Id and superego. Superego depicts human morals acceptable behaviors while psychosexual stage is the last stage in this theory which paves way for behavioral stage. The first stage of de velopment starts immediately after birth to 1 year of age. This is the stage where infants tend to acquire pleasure from sucking. At this stage, the infant may be at a position of chewing pencils, rubbers, thumbs, finer nails biting as an affixation. The next stage is the anal stage (1-3years). At this stage, young children enjoy releasing urine and other waste products from the body. Parent have difficult work in training their children how to use toilets because if they are not well trained they will end up becoming anal retentive. Cleanliness is the major affixation at this stage or messiness. In that a child may hold urine for quite sometime and release it at his or her own will. The enjoyment at this stage is crucial to parents for the development of their children. Between the years of 3 to 6 refers to as the phallic stage. At this stage, the Id of an individual focuses on the genital impulse which explains why children find pleasure from their genital stimulation. Parentsâ₠¬â„¢ major worry is the Electra conflict and oedipal conflict for both girls and boys respectively. The child tries to explore his or her body needs with the opposite sex hence may result to wrong sex forcing the parent to have anger towards them. Parents tend to take much time with their children so as to teach them on the various life outcomes but not in depth since they fear they are not grown enough to follow their parents’ restrictions. At the latency stage, the child’s superego develops. At this stage it is believed that there is no much change as of developmental happenings. Lastly is the genital stage of development. It also takes place at the adolescent stage where the child tries to find pleasure through sex or they may have the need for sex. Parents have enormous task of advising their children intensively so as not to indulge in unwanted pregnancies and unhealthy relationships which may affect their later lifestyles. Bandura explains cognitive theory as a s chool of thought which gives an individual the right to socialize free within the given environment which helps in the developmental learning due to the immediate environment. The psychologist believed this theory is the connector between the environment and the human behavior. The theory focuses most on the observations or imitation of others behavior thus triggers an individual to behave the same. For example

Justice vs Drug Companies in the USA Research Paper

Justice vs Drug Companies in the USA - Research Paper Example   Research suggests that off-label prescribing of pharmaceutical drugs can result in exaggerated and untested claims by the drug manufacturer (Conko 2010, 2).   Although the use of drugs for purposes other than their originally intended use can provide many medical benefits, it can develop into an accepted mode of expanding the use of pharmaceuticals beyond the appropriate scope of their health benefits; moreover, this practice may result in unwanted and unforeseen health effects. The FDA has a formal ban on off-label product promotion, but this is often sidestepped as anecdotal reports of health benefits associated with off-label drug use are promoted in labeling and promotional advertising. These practices have created considerable confusion among health consumers who are the misleading product labels and inadequate instructions on the proper use of medications, their potential side effects and health risks   Some legal commentators have cited the extravagant internet adverti sing of pharmaceuticals as an important expansion of promotional strategies that often neglect to clearly state the label properties and risks associated with the use of a specific drugSection 502 of the Food and Drug Act deals specifically with issues of misbranding and false or misleading label practices by pharmaceutical companies. According to its provisions, a pharmaceutical drug label is considered at issue if any part of the label is misrepresented or misleading. This pertains to ingredients, quantity, source and packaging details.

Ethics and Corporate Social Responsibility Essay - 1

Ethics and Corporate Social Responsibility - Essay Example The case of Levi Strauss shows that corporate social responsibility and ethics help the company to create positive social image and maintain moral and ethical environment which appeals to customers, porters and the society in general. Levi Strauss is a leading apparel manufacturer operating on the market since 1853. Levi Strauss establishes a strict code of ethics which is a statement of corporate values and priorities, system guide for employees and management team. A Code of Ethics is very important in manufacturing industry because it is closely connected with quality of goods, moral and honest decisions (Sajhau 2000). The code of ethics accepted by Levi Strauss consists of two main parts: the Business Partners Terms of Engagement determining relations with partners and potential subcontractors, and Country Assessment Guidelines stipulating the selection of supplier countries. Taking into account the main articles of the Code, it is possible to say that ethics becomes a crucial part guarding and controlling decision-making process in Levi Strauss (Sajhau 2000). This Code shows that ethical principles applied by the company are concerned with truth and justice and include aspects which society expects, e.g. soc ial responsibilities and corporate behavior. Following Frederick (2002) to deal with areas that may be considered technically legal but, in the eyes of American Management, improper or unethical, companies must develop and disseminate explicit policies that are rigidly and expeditiously enforced if broken. They fall into this category, as do areas such as proprietary information, product misrepresentation, disparagement, premature disclosures, acquiring or divulging confidential information, certain gifts and entertainment, and conflicts of interest. Levi Strauss pays a special attention to its public image and the company's reputation (Kolk & Tulder, 2001). Application of Ethical Theories Virtue Ethics According to McIntyre, virtue ethics is based on the idea that a business should follow human virtue principles to behave morally. The case of Levi Strauss shows that the comapny values are core beliefs about what is intrinsically desirable. They undelines the choices made in work decisions just as they underlie the choices made in one's private life. They give rise to ideals that are called ethics or morals. In simple terms it basically mandates employees to treat customers and partners as they themselves would like to be treated: tell the truth, treat others fairly, etc. "We will favor business partners who share our commitment to contribute to improving community conditions" (Levi Strauss & Co n.d.). Following Gillian, virtue ethics ensures stable position of business and its compliance with moral norms and principles. Ethical inquiry requires the decision maker to consider facts in light of important values. The conclusions reached are often stated as judgments, such as "he is a good person"; "bribery is wrong, even though it may be profitable"; "caring about others is the essence of virtue". Levi Strauss follows these guidelines and develop its code of ethics and partnership according to these simple rules and principles. Because many people perceive right and wrong from different angles, the objective of Levi Strauss in the area of ethical and moral standards is to establish what 'is right' (Zablow, 2006). Deontological

Is try and relate the problem of Internet privacy with the problem of Essay

Is try and relate the problem of Internet privacy with the problem of intellectual property - Essay Example Due to this violation of laws and rules governing intellectual property can easily be violated seeing that there are no measures to log information on the people flouting the laws. This is as seen in free file sharing websites where one may download and even upload copyrighted works from and to the internet respectively. Therefore, such websites do not appear to have any form of the privacy policy this are usually open to abuse by users and the general public, where intellectual property is plagiarized and used for personal and commercial gain at the expense of the original owner. This is due to lack of logging of user details or information in order to keep track of such users who violate intellectual property regulations blatantly, and with sheer disregard of ethical issues. Information from privacy policies is meant to ensure that the user of the internet has an idea of what he or she is doing and what information of a personal nature can or will be logged. For this reason piratin g or plagiarizing information from the internet is an easy as a website can easily be sued for violating a privacy policy that an internet user has agreed to; meaning that intellectual property is stolen under the guise of privacy policies over the internet. In addition, the privacy policies found on the internet only dictate the terms of usage of the website that one visits or the expected behaviour of the said websites. This means that the privacy policy has little to do with the intellectual property therein the said sites, or even its terms of usage. Instead, the terms of usage concerning intellectual properties are found in the copyright statement, which talks of how to legally intellectual property (Kinsella, 2011). Privacy policies are created to safeguard internet users from having their details collected and used for personal or commercial purposes by unscrupulous people. With this in mind, copyright laws are meant to take care of the needs of intellectual property where th ey define how certain aspects of intellectual property can or may be used. These two policies work together for the good of all parties involved in the usage of objects in question. However, with the rapid development in technology and new ways of violating policies governing intellectual property all thanks to discovery of new loopholes not covered in the conventional regulations (Castillo, 2011). This means that the two are facing similar challenges in application of updates to help prevent violations of privacy and copyright issues. This is as seen with the upcoming ways of stealing intellectual works over the internet, which was not originally covered in older books as compared to those that exist currently. On the internet privacy policy part there are similar changes in which new ways of collecting user information is discovered almost every day leading to new challenges in regulating the use of user information. The only positive side to the collection of information is on th en customization of content over the internet. All this is while intellectual property has no upside to infringement except possibly for its exposure to larger numbers of people if the content was used on a legal basis. This translates directly to that internet privacy policy and problems related to intellectual property face similar problems when it comes to the application of technology. There

Applying Leadership Styles Essay Example | Topics and Well Written Essays - 500 words

Applying Leadership Styles - Essay Example iated by the leadership of Apple include Tim Cook as the new Chief Executive Officer (CEO) and also inspiring employees to work with innovative ideas along with rewarding the employees for motivation. Additionally, previous CEO and charismatic leader of Apple, Steve Jobs shared the vision of launching cell phone in the market besides the computers and motivated the employees to follow his vision (Docstoc, 2012). Generally, there are three styles of leadership namely transactional, transformational and situational leadership styles. Transactional leadership style can be defined as a style of a leader with which he/she promotes acquiescence of the employees with rewards and punishes according to their performances along with focusing on every operation and activity of the organization. In other words, transactional leadership style is also known as managerial leadership style (Dibley, 2009). With due consideration to this aspect, it can be stated that a leader following this style might desire to promote innovation in the organizational operational processes by inclusion of promotions and rewards to obtain best out of the employees. Similarly, it is observed that Apple’s leaders considered this style into its operational process. Apple’s management led by Steve Jobs prudently considered the inclusion of Tim Cook as the new CEO to lead Apple to further growth and prosperity (Docstoc, 2012). Transformational leadership style can be classified as the quality of a leader who changes the state of mind according to the organizational requirements through motivating and implementing various mechanisms, further which also helps the employees to enhance their performances. The roles performed under this style include idealized influence, inspirational motivation and intellectual stimulation. Moreover, idealized influence can be stated as the manager who is identified to be the best in his/her abilities to guide and to respond to the employees’ requirements.

Ethics -- Moral Theory and Moral Issue Essay Example | Topics and Well Written Essays - 1500 words

Ethics -- Moral Theory and Moral Issue - Essay Example Proponents of the practice argue that people should be as free to choose the way they die in the same way they choose the way they lived. In addition, people deserve to die with as little pain and as much dignity as is possible. Those against legalizing euthanasia say that it could open the door to abuses such as people opting to die earlier than needed for economic reasons and being pressured by relatives who have a financial concern. Callous as may sound, children of the terminally ill may not want their parents to spend their inheritance on life extending techniques, a sad scenario that should certainly be considered. Still others say that euthanasia is â€Å"playing God† which is not acceptable under any circumstances. Euthanasia is a sensitive subject about a painful prospect but must be addressed because it will likely involve everyone as some point in their lives. The word â€Å"euthanasia† is of Greek origin meaning â€Å"good death.† 18th Century England scholars referred to euthanasia as a means of â€Å"dying well.† (Belanger, 2010). Euthanasia is a medical procedure where a doctor supplies a lethal cocktail of drugs to a terminally ill patient who is in serve pain. The patient administers the dosage, not the doctor. The drugs could be administered either intravenously or orally but the decision is the patients, not the doctor or family members. Because of this, euthanasia is termed â€Å"doctor assisted† and not â€Å"doctor administered† suicide. Other methods include removing the patient from a life-support machine or simply not resuscitating them after they expire, allowing them to pass on naturally without the aid of â€Å"heroic measures.† In the three states and few countries that have legalized euthanasia, the patient must be terminally ill, as decided by three doctors and be fully mentally cognizant. Though it is unfortunate, most people will die a bad death instead of a good death. Euthanasia proponents are motivated not by personal autonomy issues, though that is extremely concerning in a free society, but by human suffering and the lack of a dignified death most people endure. Many, if not most, paths to death involve diseases that slowly eat away at bodily organs causing a torturous ending both for the person dying and their loved ones who watch then die following months of agony. Family members and close fiends watch as the dying person becomes progressively gaunt and thin while either unconscious due to pain medications or experiencing constant pain. Everyone can imagine themselves in that scenario and most, ostensibly, would not want to die in that way and would rather spare themselves and their family the agony. Further, the person dying considers themselves a burden and not a positive in anyone’s life anymore. No person wants to be in that situation. However, this scenario occurs in homes, hospices and hospitals thousand of times every day of the year. It ’s a horrific scene that serves no purpose and cannot be assigned a rationale other than to pacify the â€Å"morals† of those who think it acceptable to dictate their wishes from outside the actual situation, uninvolved in the daily trauma. It’s easy to imagine a grandmother, the matriarch of the family, a gentle lady who has dedicated her entire adult life to care for the needs of others now spending her last weeks lying feebly in a sterile, foreign environment. She is not able to use the restroom or feed herself without

A critical response to Donald Davidsons views of self-deception Essay

A critical response to Donald Davidsons views of self-deception - Essay Example Such event, according to the theory, will "permit" the idea that an individual may at any given time cling to incongruous viewpoints and ambiguous judgments about her/him or about a given state of affairs. The concept, Davidson contends, is that if parts of the mind are, to some degree or level, independent, we can comprehend how they are able to entertain and embrace inconsistencies, contradictions and variations, and to intermingle and cooperate on a causal level. This, I beg to disagree. If we take a cursory glimpse, Davidson's account offers a fascinating depiction of self-deception. It seemed to naturally and readily settle the absurdity and the irony of the concept. Nonetheless, if we investigate seriously the sketch of this phenomenon on the "divided-mind" paradigm, grave doubts and opposing protestations will come to our mind.However, before explicitly elucidating my disagreement, let me first discuss another angle that runs parallel to Davidson's idea of the divided-mind occ urrence - Freud's embodiment of the human mind consisting of an ego, super-ego, and id. To the Freudian picture, the ego matches up with the conscious part of the mind, while the super-ego and the id, to the unconscious. The id is steered by impulses, cravings and desires; as the super-ego flushes out the "undesirables" conceived by the id, the ego puts things into action. A Freudian version of self-deception, then, would justify for the absurd possession of diametrically opposed beliefs. The unconscious id discerns and understands that p, but is compelled by a desire to believe that not-p, so it "cooperates" or "works together" with the super-ego to deceive the ego. In this scenario, the agent may deliberately and knowingly assumes a belief this same agent instinctively knows to be false, but the fact that this belief is false is one way or another "concealed" from such agent. In this manner, self-deception becomes unequivocally comparable to interpersonal deception, with two agent -like structures misleading/deceiving a third into believing something they know to be false. Though desisting to succumb to the Freudian concepts of ego, super-ego and id, Davidson concurs with Freud that particular facets of the mind must be put forward in order to explain self-deception or absurdity of any kind: [First,]the mind is to be regarded as having two or more semi-autonomous structures. [Second, we assign] a particular kind of structure to one or more subdivisions of the mind: a structure similar to that needed to explain ordinary actions. [Third,]certain mental events take on the character of mere causes relative to some other mental events in the same mind. [I]n order to accommodate [this feature] we must allow a degree of autonomy to parts of the mind (Davidson 1982) As Davidson puts it, one psychological event can be a cause of but not a sufficient reason for another mental event. Certainly, this framework can be a probable occurrence in interpersonal interaction. For instance -- I yearn for Mr. X to be inside my bedroom, so, I positioned a hundred scented candles of different sizes and colors in strategic places, allow some erotic music to reverberate inside the room and open the door a few inches apart just enough for Mr. X to have a wondrous peek of what's inside and what he can expect if he gets in. As he saw what's in store for him inside that room, he then craves to enter and will want to

Hezbollah Essay Example for Free

Hezbollah Essay Hezbollah, Arabic for â€Å"Party of God†, is also known as Islamic Jihad for the Liberation of Palestine, the Organization of the Oppressed on Earth and as the Revolutionary Justice Organization (Global Security, p. 1). Hezbollah (also Hizbullah and Hizballah) is a Lebanese social, political and paramilitary organization founded in 1982. Hezbollah’s historical and political background was the Israeli Defense Force’s presence in Lebanon (1982-2000), the Lebanese Civil War (1979-1990) and the plight of Arab Palestinians, many of whom had fled to Lebanon, where their presence â€Å"changed the historical balance between Muslims and Christians† (Bennett, 2005, p. 214). In the war, Lebanon’s various religious communities vied for power and Hezbollah was established as by Shi’a to strengthen their traditionally weak political position, with help from Iran and Syria. Committed to making Lebanon an Islamic state, to the liberation of Israeli occupied territory (which it claims means dismantling the Israeli state) Hezbollah was named a terrorist organization by the USA in 1994. One scholar describes the organization, which has seats in Parliament and in the Cabinet, runs a large social welfare program, as â€Å"a moderate, mainstream political party† (Harik, 2007, p. xiv). Harik says that Hezbollah â€Å"is considered a legitimate resistance force all over the Arab and Muslim worlds† (p. 7).   Azani discusses Hezbollah as a â€Å"social protest movement† (2009, p. 1). This raises the question whether the US is correct to label Hezbollah a â€Å"terror organization† and why it does so?   Harik says that no one has ever proved that Hezbollah has ever attacked a civilian (p. xiv) or that it was responsible for attacks on US personnel (p. 193). In responding to these questions, what follows examines the history of the organizations, its aims, programs and activities and why the US regards it as a terrorist organization. The Shi’a in Lebanon Modern Lebanon was created after World War I, when the Great Powers defeated the Ottoman Empire and divided the Middle East among themselves as League of Nations mandates. These newly created states were to be given independence when they were considered ready for self-determination. The Lebanon became a French mandate. Lebanon was religiously diverse, with Christians in a small majority, followed by Sunni Muslims, followed by the Shi’a. Under four centuries of Ottoman rule, the Shi’a were suspected being Iran’s fifth column. Consequently, the community was â€Å"impoverished and underdeveloped† (Norton, 2009, p. 12). Under the French, an attempt was made to share power between the main communities. The Marionite were given the Presidency, the Sunni the office of Prime Minister, which left the Shi’a with the Speakership, a â€Å"position with far weaker constitutional powers† (Norton, p. 12). This was based on the 1932 census, which, says Norton, was â€Å"the last official census ever conducted in Lebanon† (p. 12). This arrangement continued after independence in 1943. The Shi’a community in Beirut was very small; most lived in the south and in the Beqaa valley. Azani says that the â€Å"political awakening† of the Shi’a began in the 1960s and 1970s, led by Imam Musa al-Sadr, â€Å"a Shiite cleric with the characteristics of a religious and political leader.† Born in Iran to a Lebanse family he studied at the great centers of Shi’a learning (p. 48). From 1959, al-Sadr was Mufti of Tyre and â€Å"in less than two decades he succeeded, with strenuous activity, charisma and high rhetorical ability, in organizing the Shi’a community, characterized for hundreds of years by passivity and isolationalism, and in mobilizing it into collective activity for the realization of social and political goals† (pp. 48-49). The influx of Palestinian refugees into South Lebanon upset the traditional power of the Shi’a elite in the region. The increasing politicization of Shi’a leaders in Iran impacted their role in Lebanon. From the 1970s, the number and influence of clerics increased, with al-Sadr and the future founder of Hezbollah, Sheikh Muhammad Hussein Fadlallah, leading a movement that wanted to bring about an Islamic revolution in Lebanon, following the Iranian revolution of 1979. The Lebanese Civil War and the founding of Hezbollah On the one hand, the Shi’a in Lebanon were finding their political voice, encouraged by co-religionists in Iran. On the other hand, the security situation in Lebanon was deteriorating. The tradition of good relations between communities was breaking down with Christians being depicted as pro-Israeli, while Muslims were aligned with the Palestinian cause. April 13, 1973 a Christian paramilitary group ambushed a Palestinian bus in retaliation for the killing of a Christian earlier that day (Bennett, 2005, pp. 213-5). Fighting began between different communities, Sunni, Christian, Druze and Shi’a. In 1976, unable to stop the fighting the President asked the Syrians and other Arab leaders to â€Å"end the war.† Bennett remarks that as a result of the civil war, the word â€Å"Shia† entered the Western vocabulary (p. 215). The revolution in Iran would reinforce the word’s presence in the media. It was in the context of the civil war that Hezbollah was founded. The Palestinian Liberation Army was raiding Israel from across the border. Al-Sdar mysteriously disappeared in August 1978 (Norton, 2009, p. 29). This led to Israel invading Lebanon in June 1982, and to Hezbollah’s formation. From the start, committed to liberating Palestine, Hezbollah also raided across the border. However, its immediate aim was to end Israel’s presence in Lebanon. Between spring 1983 and the summer of 1985, Hezbollah â€Å"launched an unprecedented wave of suicide bombings which included an attack on the US Embassy and US Marine branches in Beirut in October 1983 and the US Embassy annex in Beirut in September, 1984† followed by the taking of Western hostages, according to Global Security (p. 1). Hezbullah’s Aims and Structure The organization’s Consultative Council has 12 senior scholars at its head and a Directing Council under its Secretary-General.. The organization’s charter sets out three objectives: 1. to expel the Americans, the French and their allies definitely from Lebanon, putting an end to any colonial entity. 2. to submit the Phalanges [Christian militia] to a just power and bring them all to justice for the crimes they have committed against Muslims and Christians. 3. to permit all the sons of [Lebanese] people to determine their future and to choose in all liberty the form of government they desire. [Hezbollah] call[s] upon them all to pick the option of an Islamic government, which alone is capable of guaranteeing justice and liberty for all. Only an Islamic regime can stop any further attempts at imperialist infiltration (Richardson, 2006, pp. 83-4). Hezbollah and Israel From 1978, a UN force was deployed in Lebanon to oversee the withdrawal of Israeli forces under Security Council Resolution 425. However, it was not until 2000 that Israeli troops were completely withdrawn. Until then, Hezbollah carried out attacks on Israelis targets. After the withdrawal, Israeli continued to launch missile strikes and raids into Lebanon and Hezbullah â€Å"in retaliation, launched rocket attacks in Northern Israel on an almost regular basis† (Bajpai, 2006, p. 594). According to Global Security, Hezbollah â€Å"operates against Israel in four main way†: 1. brimging terrorists and collaborators through the border crossings usinf foreign documents. 2. setting up a terrorist organization inside Israel and Judea, Samaria and the Gaza strip. 3. cross-border operations – smuggling weapons and terrorists 4. financial support for Palestinian organixzations and groups. Others do not use the word â€Å"terrorist† but represent Hezbullah’s activities as legitimate resistance to Israel, which has defied UN Resolutions to withdraw from all occupied territory. Bajpai writes, â€Å"even after its formal withdrawal from Southern Lebanon in 2000, Israel engaged in frequent military incursions† (p. 594). In 2004, the UN called for the disbanding and disarming of all Lebanese militia (Resolution 1559). However, in the elections of 2005, Hizbollah won 14 seats (out of 128), and was awarded 2 cabinet posts. By 2008, Hizbollah had eleven out of thirty cabinet seats (Council on Foreign Relations, p. 1). In the 2009 election, it lost a seat but still received 10 seats in the 30 members Cabinet. Hartik says that Christians have supported Hezbollah, which makes it harder for â€Å"its enemies to float the fundamentalist stereotype of a raging gang of religious fanatics whose main aim was to put enemies of the faith to the sword† (p. 79). Other Christians are outspoken in criticizing Hezbollah as the stooge of Syria and Iran and as setting itself up as a state within the state (Azani, p. 231). As well as carrying out military or terrorist action, depending on the commentator’s perspective, it spends millions on welfare and education work, funded by Iran. In 2006, Hezbollah’s operatives crossed the Israeli border and captured two IDF soldiers. This came a month after Palestinian operatives had captured an Israeli soldier (Global Security, p. 1). In response, a 34-day war followed during which Israel launched air strikes, killing â€Å"56 citizens including 37 children† (Bajpai, 594). As a result of this war and Hezbollah’s resistance, its popularity within the Muslim world increased. The war ended with a UN brokered cease-fire and another Resolution calling for the disarming of all militia. Hezbullah did succeed in preventing a full-scale invasion. The Global Security report on Hezbollah states that in addition to funding from Iran and help from Syria, the organizatuon engaged in fund-raising around the world (p. 2). The report makes no mention of its extensive social program but the Council on Foreign Relations however describes it as a â€Å"major provider of social services† (Council on Foreign Relations, p 1.) Acts Attributed to Hezbullah In addition to the acts mentioned above, according to CFR, Hezbollah lists the 1985 hijacking of TWA flight 847 and the attacks in Argentine on the Israeli Embassy (1992) and on a Jewish community center (1994). Azani refers to links with other organizations across the globe. He lists an attempt to destroy US ships in Singapore in 1995 and arrests of members in 1997 for planning an attack in a US Embassy. The 9/11 Report said that Al-Qaeda operatives train at Hezbollah camps (p. 203). He refers to other arrests made in 1999 and in 2001 when plans to attack targets in South and North America were foiled.   He says that the global network is spread across forty countries and every continent, including Europe where activists have also been arrested. In Germany, two charities funding the organization were shut down (p. 205).   However, Hartik points out that while Western attention focuses on its â€Å"guerilla activities† in the Lebanon it is social welfare activities that attract support, making it in her view a â€Å"mainstream† organization. It has achieved more in this field, she says, than any other party (p. 81). On the other hand, it has refused to disarm. After 2001 and the terrorist attack on the Twin Towers in NY, the US has repeatedly asked Lebanon to shut Hezbollah down and to close bank accounts. Lebanon has refused to do this, claiming that Hezbollah is not a terrorist organization, which Syria also denies. Syria is one of four countries considered â€Å"state sponsors of terror† by the US State Department. In April 2010, reports began circulating that Syria had given SCUD missiles to Hezbollah. Syria denies this.

Working Capital Management Essay Example for Free

Working Capital Management Essay 1.1 Background of the Study Finance is a business term which deals with the study of fund management. If finance is to be accepted as weapon which enables an organization to pay its bills promptly it is necessarily linked with the flow of fund. The management may accept or reject a business provision on the basic of financial viabilities .It guides investment where opportunity is the greatest producing relatively uniform yard stick for judging most of a firms operations and projects and is continually concerned with achieving and adequate rate of return on investment as this is necessary for survival and the attracting of new capital. The function of finance involves three major decisions which the firm must make the investment decision, financing decision and dividend decision. An optimum combination of the three will maximize the value of the firm. In other word entire activities relating the finance are done with the help of financial management. So in this area of management there are two main functions firstly to assemble the funds necessary to initiate a new business economically and secondly to provide the basis of continue new operation. â€Å"Financial management may be defined as the part of management which is concerned mainly with raising funds in the most economic and suitable manner, using, these funds as profitable as possible, planning future operation, and controlling current performance and future developments through financial accounting cost accounting, budgeting, statistics, and other means. It guides investment where opportunity is the greatest producing relatively uniform yard stick for judging most of a firms operations and projects and is continually concerned with achieving an adequate rate of return on investment as this is necessary for survival and  the attracting of new capital(kulkarni, 1986: 76) We know that firms aim at maximizing the wealth of shareholders. In its effort to maximize shareholders wealth, the firm should earn sufficient return from the operations. Earning a sound amount of profit requires successful business activities. The firm has to invest enough funds in current assets for the success of business activity. Current assets are needed because sales do not convert into cash immediately. Investment in current assets should be just adequate or not more not less, to the needs of the business firm. It should be realized that the working capital needs of the firm may be fluctuating with changing business activity. This may cause excess or shortage of working capital frequently. The management should be too prompt to begin an action and current imbalance. Thus, the firm should have knowledge of the sources of working capital funds as well as investment avenues where idle funds may be temporarily invested. Thus the study of working capital is of prime importance to internal and external analysts because of its close relationship with the current day to day operations of a business enterprise. Management of working capital in a business enterprise is very important mainly for few reasons. Firstly, an enterprise, must determine the adequacy of investment in current assets, otherwise, it would seriously erode their liquidity base. Secondly, they must select the type of current asset suitable for investment so as to raise operational efficiency. Thirdly they are required to ascertain the turnover of current assets that greatly determine the profitability of the enterprise. Lastly they must find out the appropriate source of funds to finance current assets. It is therefore a recognized fact that any mistake made in management of working capital can lead to adverse affects in business and can reduce the liquidity turnover and profitability of the firms. Working capital management is an important decision making area of financial management of an enterprises. It requires understanding for how to raise and allocated financial resources how to relate Short-term investments, financial decisions to the overall objectives of the firm and how to relate  short-terms financial decisions to certain long term financial decision to certain long term financial decisions .(Upadhyay,1985:40) Working capital management involves the relationship between a firms Short-term assets and its short term liabilities. The goal of working capital management is to ensure that a firm is able to continue its operations and that is has sufficient ability to satisfy both maturing short-term debt up coming operational expenses. The management of working capital involves managing inventories, account receivable, account payable, cash etc. There are two concept of working capital gross concept and net concept. Gross working capital simply called as working capital, refers to the firms investment in current asserts. Current assets are the assets which can be converted into cash within an accounting year and include cash, short-term securities, debits, bills receivables and stock. Net working capital refers to the difference between current assets and current liabilities current liabilities are those claims of outsiders which are expected to return for payment within an accounting year and include creditors, bills payable and outstanding expenses. Net working capital can be positive or negative. A positive net working capital will arise when current assets exceed current liabilities. A negative net working capital occurs when current liabilities are in excess of current assets. (Pandey; 1995: 665) Working capital management is a process of short-term decision making regarding the current assets and liabilities affecting the long term operation of an organization. It is a process of planning and controlling the level and mix of current assets of the firm as well as financing these assets. It includes decision regarding cash and marketable securities, receivables, inventories and current liabilities with an objective of maximizing the overall in due of the firm. In general, the concept of working capital is synonymous with the fund available for meeting day -to- day requirements of a company. But according to a group of authorities working capital refers to the amount of investment  in total current assets only. It means they are supporting the gross concept of working capital. Thus the gross concept of working capital denotes short-term asset only, it does not include short-term liabilities. However, a business can not exist only with the current assets, it needs current liabilities too. Actually, the amount of working capital heaving depends upon the amount of current liabilities. In this sense working capital means the excess of current assets over current liabilities. Meaning of Banks Banks are very important financial intermediaries in financial market. â€Å"Financial intermediaries not only savers but also they create new financial products. They gain economics of scale in analysis of credit worthiness of potential borrowers in processing and collecting lone and minimize cost of information and make easy flow of transactions.(Peter, 1999: 4) Banks are the principal source of credit to house hold, individuals and family business all forms and local units of government Furth more, they are the source of financial information, planning and controlling. â€Å"Banking institution is inevitable for resource mobilization and all-round development of the country. It is resource for economic development; it maintains economic confidence of various segments and extends credit to people. (Ronald, 1993: p 87). Bank deal with money by accepting various type of deposits disbursing loans and investing in productive sectors and rendering other financial services as the primary function. Banks are channels between saving surplus and saving deficit people and thus they are the bridge of utilize scatter fund to productive sectors. Hence, they represent a vital role in the transmission of government economic policies (especially monitory policies) to the economy. When bank credit is expensive, the investment slows down and unemployment rises. Bank deposit represents the most significant component of the money supply used by the public, commercial banks play an important role for economic development of the country as they provide capital for the development of industry trade and business by investing the saving collected as deposits from public. They render various services to their customers facilitating their economic and  social life. About Bank of Katmandu Ltd. Bank of Kathmandu Ltd. (BOK LTD.) is a culmination of a comprehensive vision of the promoters to take the Nepalese economy to a newer realign in the global market. Each promoters of Bank of Kathmandu has successfully demonstrated leadership skill, business acumen and entrepreneurial wants his/her respective field. Bank of Kathmandu came into operation in March 1995, under the commercial bank act 2031 with the following predominant objectives. Identify business prospects not at catered by then existing commercial banks and offer new banking products and services. Introduce modern banking technology facilitating bank and business operations and transactions. Bank of Kathmandu activities globe around deposit mobilizations, Advancement of various credits, International banking including trade financing, inward and outward remittance and funds and portfolio management. The bank has introduced many facilities to the customer. Deposits of unfavorable conditions, the bank has been able to make a substantial marketing of products, expansion of areas and diversification of service using latest technology, which will ultimately, helps it to grow further. Bank of Kathmandu is committed to providing products and service of the highest standards to its customer by understanding their requirements best suiting the market needs. Bank of Kathmandu has been providing any where banking facilities, from which customer can deposit and withdraw from any of nineteen branches including head office. Bank has lunched customer oriented service such as hire purchase, educational loan, housing loan, vehicle loan, festivity loan, foreign employment loan scheme etc. bank of Kathmandu. It’s launched the mobile banking service through SMS. With the aim of providing banking services at the customer fingertips. Bok is starting internet Banking and alert service. BOK is starting internal banking and alert service very soon. Capital Structure of Bank of Kathmandu Independent and Self-Governing board, involving a pool of endowed and farsighted directors, each directors of the board has been recognized and well-acclaimed for his/her contribution in the development and growth of Bank of Kathmandu. Young, seasoned and talented bankers, each with year of banking experience and proven competency, Constitute the management team of bank of Kathmandu. In the present economic scenario the bank has to complete with other existing and new commercial bank of Nepal. It is already established itself as an innovative bank that introduces new modern technology in the banking industry. In short, BOK has made significant contribution to support the countries economic system and development effort. 1.2 Focus of the Study Financial institutions assist in the economic development of the country. The concept of financial institution in Nepal was introduced when the first commercial bank, the Nepal Bank Limited, was established in 1994 B.S as a semi-government organization. In the fiscal year 2039/040, new banking policy was introduced for the establishment of new banks by the joint investment of foreign nations. The establishment of joint venture banks gave a new horizon to the financial sector of the country. Commercial banks are the heart of the financial system, which plays significant role by collecting scattered surplus fund and delaying these funds in the productive sectors as an investment. They hold the deposits of many persons, government establishment and business units. They make fund available through their lending and investing activities to borrowers, individuals, business firms and government establishments. Bank is a business organization where monetary transaction occurs. It creates funds from its client, saving and lends the same to needy person or business companies’ in term of loans, advances and investment. So, proper financial decision making is more important in banking transaction for its efficiency and profitability. Most of the financial decisions of a bank are concerned with current assets and current liabilities. The working capital management of a bank is different from that of other  business enterprises. A bank plays a significant role to fulfill the requirement of working capital of any other type of business enterprises. It also needs efficient management. Investment in working capital of other business enterprises is a part of current assets of banks working capital and we can consider deposits and short term borrowing as a part of current liabilities. So this study is a reference regarding the working capital management. 1.3 Statement of the Problem Working capital management has been regarded as one of the conditioning factor in the decision making issue. The management of working capital is synonymous to the management of short- term liquidity. Working capital is regarded as the life blood and nerve of a business concern and is essential to accommodate the smooth operations of working capital is harmful to an enterprise to achieve its primary objectives, therefore maintaining optimal level of working capital is the cruse of the problem as it is strongly related to the trade off between risk and return. How ever it is difficult to point out as to how much working capital needed by a particular business organization. An organization which is not willing to take more financial risks can go for more short term liquidity. The more of short term liquidity means more of current assets and less of current liabilities. The less current liabilities implies less short term financing heading to the lower returns resulting from the use of more high cost long term financing , so it is very essential to analysis and find out problems and its solution to make efficient use for funds for minimizing the risk of loss to attain profit objective. Inadequate investments in working capital threaten the solvency of enterprise as well as effect its growth. On the other hand, excessive investments in working capital yield nothing. Therefore working capital should be determined in such a way that total cost of liquidity and cost of non liquidity is minimum. Hence the goal of working capital management is to manage the firm’s current assets and current liabilities in such a way that it should maintain satisfactory level. Working capital management of banks is more difficult than that of manufacturing and non manufacturing business organization. Commercial banks are great monetary institutions which are playing important role to general welfare of the economy. The responsibility of commercial banks is more than any other financial institutions. They must be ready to pay on demand without warning or notice, a good share of their viabilities. Banks collect funds from different types of deposits for providing loan and advances to different sector. To get higher return, banks must try to increase funds from deposits as well as their investment. The first motive of banking business is to borrow public saving and lend to needy people. But commercial banks always face the problem for utilizing more deposit as investment fully and productively. The gap between collection of deposits and disbursement of loan increase the cash balance on bank, which require paying its large amount of liability of banks. Some specific problems felt in this study are as follows:- 1. What are the major factors effecting the management of WC in BOK? 2. Which of the current assets are more problematic on BOK? 3. How have the firms been raising the required funds? Is the funds properly and productively utilized or not? 4. What are the components of WC which affect the operating income of BOK? 5. How have the bank been utilizing their debt capital. 1.4 Objective of the Study Research objectives are the guidelines to conducting the research at a right way. The major objective of the study is to evaluate the working capital position of bank of Kathmandu limited. The other objectives of this study are to throw light on the importance of the proper management of working capital and to make suggestion about how to manage working capital of bank of Kathmandu limited from the long rage view point. The specific objectives of the study are as follows: 1. To indicate liquidity position in current assets of bank of Kathmandu limited over the year. 2. To point out the position of current liabilities and assets of bank of Kathmandu limited over the year. 3. To analyze the need to control investment in working capital in bank of Kathmandu limited. 4. To make suggestion about removing any obstacle in making decision regarding management of working capital and to point out  alternating solution for maximizing the profit . 1.5 Significance of the Study Working capital is the size of investment in each type of current assets, each of the current assets should be managed efficiently an effectively. It is because decision regarding working capital affects not only the profit ability of the firm in the short term but also its very survival in the long run. The management of working capital should not be neglected by enterprises otherwise they will seriously erode their financial viability. As the commercial bank in Nepal are exacting greater and greater influence in the economy of the country and effective and efficient management of their current assets is needed to better the profitability of the firm. The need of the study like this arises from the real nature of the banking business and also forms the impact that it has economy of the country because the business of banks is to accept deposits and advanced loans, and the label of deposits and loans depends upon the working capital policy the study of this type will be most importance for the bankers, the economists and the public at large. It provides the literature to the researcher who wants to carry on further researcher who wants to carry on further research in this field. Therefore, it has been felt very necessary to evaluate the position of working capital management and to focus on the importance of the capital management in bank of Kathmandu limited. 1.6 Limitations of the Study None of the study can go beyond the boundary of some limitations and this study is also not an exception. The scope of the present study has been limited in terms of period of study as well as sources and nature of data. The following are the major limitations of the study. 1. This study is considered only bank of Kathmandu limited and based on secondary data. 2. This study focused on working capital management of bank of Kathmandu limited only. Thus the findings of the study may not be applicable for other bank so the study cannot judge other financial aspects of the bank. 3. Only main financial tools and statistical tools are employed for analyzing the working capital management. 4. The study only covers the period of five  fiscal years from 2059/060 to 2063/ 064. 5. This study is basically done as the requirement for the partial fulfillment of masters of Business studies (MBS) of Tribhuvan university (T.U.) 1.7 Organization of the Study The study has been divided into five chapters. They are as follows:- 1. Introduction The first chapter deals with introduction, background of the study, limitations of the study and organization of the study. There fore, this chapter is for brief introduction of the topic and it highlights the fundamental objectives. 2. Review of literature The second chapter deals with the review of related literatures and available studies Written and prepared by different experts and researcher in the field of working capital. 3. Research Methodology The third chapter presents the research methodology used in the study. It deals with research design, population and sample. Nature and sources of data date processing procedure, tools and techniques of analysis. 4. Presentation and Analysis of Data The fourth chapter is the main part of this research that deals with the presentation analysis and interpretation of data. Different types of tools and technique have been used to analyze the available data in order to achieve the set objectives. 5. Summery, Conclusion and Recommendations The fifth chapter presents the summary and conclusion of the study based on the analysis of data and also provides recommendation for the improvement of working capital management of bank of Kathmandu limited. CHAPTER- 2 Review of Literature This chapter is concerned with the review of relevant literatures available in the books, journals articles research reports, newspapers, magazines, policy documents which are published or unpublished. Every study is very much based in past knowledge study and experiences. The past knowledge or the previous studies should not be ignored as it provides foundation to the present study various thesis works have done indifferent aspects of working capital of different organization are also review for the purpose of justifying the study . 2.1Conceptual Framework The management of the funds of business can be described as financial management. Financial management is mainly concerned with two aspects. Firstly, fixed assets and fixed liabilities, which are concerned with current uses and sources of funds. Both of these types of funds play a vital role in business finance. Business firms need various types of assets in order to carry out its operation. Some assets are required to meet the needs of regular production and same other are required specially to meet day to day expenses and short term obligations. The assets such as cash, marketable, securities, account receivables and inventories which are know as current assets are required to maintain at a certain level depending upon the volume of production and sales. The cash and marketable securities are respectively considered as purely liquid and near liquid assets where as the account receivable and inventories are not. However they can be liquidated as and when necessary within a period of less than one year. The capital invested on these assets is known as working capital. In short working capital is the sources of financing current assets and it includes shorts as well as long term financing. Firms need cash to pay for all their day to day activities. They have to pay wages, pay for raw materials, pay bills and so on. The money available to them to do this is known as the firm’s working capital. The main sources of working capital are the current assets as these are short term assets that  the firm can use to generate cash. However the firm also has current liabilities and so these have to be taken account of when working out how much working capital a firm has its disposal. Working Capital is there fore:- Thus working capital is the same as net current assets, and is an important part of the top half of the firm’s balance sheet. It is vital to a business to have sufficient working capital to meet its entire requirement. Many businesses have gone under not because they were unprofitable but because they suffered from shortages of working capital. By the definition of various experts of working capital management we conclude that all institution whether private or public financial institution manufacturing or non manufacturing that need just adequate working capital to compete with competitive market . It is because over or under adequacy of working capital is dangerous from the firms objective points of view over investment on working capital effects the firms profitability just as idle investment. on the other hand under investment on working capital effects the liquidity position of the firm and causes to financial hindrance and failure of the company . It is therefore a recognized fact that any mistake made in management of working capital can cause to adverse effects in business and reduces the liquidity turn over and profitability and increases the cost of financing of the organization. â€Å"The objective of managing working capital is to aid in the value maximization of the firm by minimizing the cost of working capital. The level of working capital also differs by the types and nature of business. The cost of maintaining the working capital depends on the sources of finance used. The short-term sources generally cost less than the long term sources but they are riskier. (Pradhan, 1992: 148) 2.2 Concept of Working Capital There are two schools of thoughts or concepts regarding the meaning of working capital. According to one school of thought, working capital is meant for the currents only. It is concerned nothing with the liabilities  side. According to other school of thought working capital is the excess of current assets over current liabilities. The former concept which can be termed as gross concept, is important to newly established companies where liabilities have not been acquired immediately , but the lattes one which can be term as net concept is important for both newly established and operating concerns where some amount of current liabilities has been maintained for payment of different creditors, income taxes, bill payable, secured and unsecured loan etc. The term current assets refers to those assets which in the ordinary course of business can be or will be turn into cash within one year without undergoing or diminishing in value and without disrupting the operations of the firm such as cash, Marketable securities, accounts receivables and inventory etc. current liabilities are those liabilities which are intended at their inception to be paid in the ordinary course of business such as accounts payable, bank overdraft and outstanding expenses etc . Mainly there are two concepts of working capital gross concept and net concept. Gross Concept In a simple term gross concept of W/C means investment in current assets in other words, gross working capital is the total amount of available for financing of current assets .However it does not show the real financial position of a business firm. According to this concept the working capital may be classified as capital invested in the various types of current assets such as cash, inventories, receivables etc. This classification important from financial managers point of view as it lays emphasis on the various areas of functional responsibility but it totally ignores the time which is very important in the formulation of procurement polices. From the view of I m pandey gross working capital refers to the firms investment in current assets. C/A are the assets which can be converted into cash within an accounting year and include cash short term securities debtors bills receivables and stock. Net Concept Gross concept of W/C is the narrow concept which is only concerned with the  study about total investment of current assets .In the other hands, net concept of W/C is a broad concept which focuses to long term view of working capital. under the concept of net W/C it studies current assets and current liabilities as differently. Todays market is heterogeneous every changed in environment and other factors bring changes of demand needs and wants of customers at the same time so every business firms have to be made their W/C policies to fit the new environment thus, Net W/C concept should be studied to know the portion of current liabilities. How much current liabilities should be managed to how much current assets? Net W/C is an accounting concept, which represents the excess of current assets over its current liabilities. current assets consists of cash, bank balance, stock, debtors, bills receivables etc and current liabilities consists bills payable, creditors, outstanding expense s etc. Excess of current assets over current liabilities, thus, it indicates the liquidity position of an enterprises. From the view point of I .M pandey, the term net working capital refers to â€Å"the difference between current assets and current liabilities. Current liabilities are those claims outsiders which are expected to nature for payment within an accounting year and include creditors, bills payable and outstanding expenses. Net working capital can be negative or positive. A positive Net W/C will be arise when capital occurs when current liabilities are in excess of current assets† (Pandey;1995;p730 ) 2.3 Classification of Working Capital Working capital can be classified into two types:- 1. Permanent or fixed working capital 2. Temporary or variable or fluctuating working capital A firm’s permanent working capital is the amount of current assets required to meet long term minimum needs. Temporary working capital on the other hand is the investment in current assets that varies with seasonal requirements. figure in below illustrates the firms changing needs for working capital over time while highlighting both the permanent and temporary nature of those needs. Permanent working capital is similar to the firm’s fixed assets in two important respects. First, the amount invested in both of these asset groups  is long term. Therefore supplies of capital to the firm need to realize that the funding needs for permanent current assets is long term despite the seeming contradiction that the assets being financed are called â€Å"Current†. Second, for a growing firm, the level of permanent working capital needed will increase over time in the same way that a firms fixed assets will need to increase over time. However, permanent working capital is different from fixed assets in one very important respects- it is constantly changing permanent working capital does not consists of particular current assets staying permanently in place , but is a permanent level of investment in current assets, whose individual items are constantly turning over. Like permanent working capital, temporary working capital also consists of current assets in a constantly changing form. However since the need for this portion of the firms total current assets is seasonal, we may want to consider financing this level of current assets from a source which can it self be seasonal or temporary in nature. (Van Horn; 1996: 205) Thus the permanent working capital refers to that level of current assets which is required on a continuous basis over the entire year and the temporary working capital represents that portion of working capital which is required over permanent working capital. 2.4 Objectives of Working Capital A bank undertakes many transactions daily. Sometimes, customers deposits large quantity and sometimes withdraw from their deposits in high quantity. Investment fund of banks is covered by deposit collections of different types of account holder. A bank should have to pay the money to depositors when they want to withdraw. For daily operation of office and to meet the administrative expenses, a bank should have certain level of working capital. Working capital is required to run the business smoothly and efficiently in the context of the set objective. It is no doubt that no company can achieve its goal without proper use of working capital. Therefore it can compare as lifeblood to the organization. The main objectives of arranging capital are as follows: 1. To pay to depositors 2. To maintain cash reserve ratio (CRR) statutory liquidity Ratio (SLR) 3. To satisfy the customers by granting loans promptly and increase the attraction of business etc. 4. To meet the administrative expenses, perform the task as per objectives of business and run the business smoothly. 5. To fulfill the present need of business as well as get ready for risk and economic fluctuation in future. 2.5 Need of Working Capital Working capital is maintained at bank by current saving fixed deposit collection. Specially to grant loan and to pay cheque, creditors and account holders demand the liquidity. Generally banks need liquidity for maintaining following goals. 1. Transaction Motive 2. Security Motive 3. Speculative Motive Figure 2.2 Need of working capital 2.6 Determinants of Working Capital The total requirement of working capital is determined by a wide variety of factors. The influence of these factors is different in different business organizations. Perhaps none of them can neglect the management of adequate w/c. Therefore, an analysis of the relevant factors should be made in order to determine the total investment in w/c. The description of the factors which generally influence the w/c requirement of the firm is given below 1) Nature and Size of Business The working capital requirement of a firm is basically related to Nature and size of the business organization. If the size of the business is small, then it requires less working capital but if the business organization is bigger, it requires more working capital. Financial and training institution have needed very high amount of w/c. Public utilities have a very limited need of w/c and have to invest abundantly in fixed assets. Their working capital requirements are nominal. 2) Production Policy We just noted that a strategy of constant production may be maintained in order to resolve the working capital problems arising due to seasonal changes in the demand for the firm’s product. A steady production policy will cause inventories to accumulate during the off season periods and the firm will be exposed to greater inventory costs and risks. Thus, if cost and risks of maintaining a constant production schedules in accordance with changing demand. Those firms, whose productive capacities can be utilized for manufacturing varied products can have the advantaged of diversified activities and solve their working capital problems. (Pandey; 1995: 675) 3) Operating Efficiency Operating efficiency of the firm means the optimums utilization of resources at minimum cost .The firm cannot effectively contribute to its working capital when the operating efficiency is low. Working capital turnover is improved with a better operation and financial efficiency of a firm, efficiency of operation accelerates the face of cash cycle and improves the working capital turnover . It releases the pressure on working capital by improving profitability and improving the internal generation of fund. 4) Manufacturing Cycle Manufacturing cycle starts with the purchase and use of raw material and completes with the production of finished goods. Longer the manufacturing cycle larger will be the firms working capital requirements. An extended manufacturing time span means large tie-up funds in stocks. Thus if there are alternative way of manufacturing cycle should be chosen, once a manufacturing process has been selected , it should be ensured that manufacturing cycle is completed with in the specified period . This need proper planning and coordination at all levels of activity non manufacturing firm financial and service oriented enterprises do not have manufacturing cycle .(Pandey ; 1995: 674) 5) Profit Margin The net profit is source of working capital to the extent that has been earned in cash. The earning capacity of the different firm can not be equal.  In the words of I.M .Pandey some firms enjoy a dominant position due to quality product or good marketing management or monopoly power in the market and earn a high profit margin. Higher profit margin contributes to more working capital. The level of working capital is determined not only by the profit margin , but also by the way of appropriation for taxations, dividends, reserves and depreciation only after providing for these items internal funds can be set a side for working capital . As the provisions for these items are higher the amount of working capital will be lesser. 6) Level of Taxes The level of taxes is one of the important elements, which is also influences working capital requirement of a firm. The amount of taxes to be paid in advances is determined by the prevailing tax regulations. But the firms profit is not constant or cant be predetermined. Tax liability in a sense of short- term liquidity is payable in cash. Therefore the provision for tax amount is one of the important aspects of working capital planning. If tax liability decrease, it needs to decrease the working capital and vice -versa. Besides the above factors there are many other factors also which may have a greater role in determining the size and composition of working capital for example firms attitude to take risk, credit policy, firms policies toward the financial management in the inflationary period, co-ordination among production, distribution, developed transport and communication system etc could also play an important role in determinants effects both temporary and permanent working capital.

Iodine Clock Reaction: Kinetic Study

Iodine Clock Reaction: Kinetic Study The order of reaction with respect to I ˆ° was determined to be 1 and the order of reaction for ˆ° was determined to be 1. This was determined through the Method of Initial Rates. The elapsed time it took for the reaction to occur was recorded as were the concentrations of the reactants. This helped us derive the order of each reactant which helped us find the overall order which was 2. This helped us derive the specific rate constant, k, which was 1.93 x. Introduction: The rate of reaction is a positive quantity that expresses how the concentration of a reactant or product changes with time. As the reactant(s) decrease the product increases/is formed as demonstrated in the chemical reaction A+B à ¯Ã†â€™Ã‚   C. Δ[Reactants] Δ[Products]>0 The rate of reaction, also known as rate expression, can be in the form of R=k[A] à Ã‚ « [B]à ¢Ã‚ Ã‚ ¿ [1] The rate equation is expressed as a mathematical relationship describing the dependence of reaction rate upon the concentration of the reactants. The higher the concentration of starting materials (reactants), the more rapidly a reaction would take place. The lower the concentration of starting materials, the slower a reaction would take place, therefore proving that the reaction rate depends upon the concentration of the reactants. R in equation [1] represents the rate of the reaction in terms of the increase in concentration of products divided by the time it took for the change to occur. k,unlike R, is independent of any other quantities and remains the same. It is known as the rate constant. The bracketed unit represents the concentrations of the reactants, A and B. The exponent in front of the brackets represents the sum of the concentration pertaining to [A] à Ã‚ « and [B]à ¢Ã‚ Ã‚ ¿ and is defined as the order of the reaction. The order of the reaction is determined only through means of experimentation. The overall sum of all the exponents is known as the total order. The order of a reaction provides the amount of steps it takes a reactant to form a product. The slowest step in the process is called the rate controlling step and it has a molecularity that must equal the overall reaction. For example if the rate controlling step is one, the overall reaction is first order; if it were three, the overall reaction will be third order. Thus it can provide the amount of molecules colliding and how the reaction will carry out. The rate of the reaction can also be influenced, as is in this case, by other factors such as temperature, a catalyst, and an enzyme. Concentration is not the only factor that influences the rate of reaction. In this experiment the rate, k, and the order of the reactions were determined by the Method of Initial Rates and will be influenced by a starch (catalyst). In this method, the rates are going to be recorded for a number of reactions with a different concentration but will hold the constant. The reaction that is being observed is that between the persulfate ion, ˆ°, and iodide ion, Iˆ° being measured in Δt seconds as reaction occurs. Generalized rate expression: R = k[Iˆ°] à Ã‚ « [ˆ°]à ¢Ã‚ Ã‚ ¿ [2] Experimental Methods: Pipet Graduated Cylinder Small Test Tube I ˆ° Solution KCl solution (N)2ˆ° Solution Na2 Starch Solution Beaker Ice Water Bath Thermometer KI Solution Chemicals: Chemical Formula Molar Weight Ammonium Persulfate (N)2ˆ° 228.18g/mol Iodine I ˆ° 126.904g/mol Potassium Iodide KI 166.002 g/mol Sodium Thiosulfate Na2 158.108 g/mol Potassium Chloride KCl 74.551 g/mol Ammonium Sulfate (N)2 132.14 g/mol Procedures: Part A. Dependence of Reaction Rate on Concentration: 7 to 8mL of KI, (N)2ˆ°, and Na2s were measured. 7 to 8mL of KCl and (N)2solutions were measured with a graduated cylinder. Look at Table 1. Reactant The specified volume(s) of KI (and KCl) solutions were pipeted into a small test tube which was used as the reaction container. 1.00mL of 0.005 M Na2was pipeted into the small tube and 2 drops of starch solution were added. A thermometer was then inserted into the reaction container. The specified volumes of (N)2ˆ° and (N)2were then pipeted into a separate test tube. Persulfate solution was then poured from the test tube into the reaction tube. The solution was then swirled as to mix thoroughly. The time at which the solutions were mixed and the time required to turn the solution blue were recorded. Observed time. After solution appeared the temperature was recorded The tubes were rinsed thoroughly between experiments and each experiment was reproduced. Part B. Dependence of Reaction Rate on Temperature: Reaction (3) was carried out at the temperatures specified in Table 2. The same concentration as in Experiment 2 of table 1 was used. Table 2. Iodine Clock Reaction and Temperature Experiment Temperature,  °C 2 Room temperature 4 10 ° above Room Temperature 5 10 ° below Room Temperature 6 About 0 ° or 20 ° below Room Temp. Instead of mixing at room temperature, the two test tubes were placed in a beaker of water heated with a water bath to the desired temperature. A thermometer was then placed in the reaction tube. After several minutes at the specified temperature, the two solutions were mixed by pouring the solution from the persulfate test tube into the reaction tube, which was kept in the water bath. Swirl the tubes. The times of mixing and when the color change occurs and the temperature at the time of color change was recorded. The experiment may be repeated if time permits. Disposal: All solutions of reactions product are classified as non-hazardous and were flushed down the sink with running water. Unused reactant may be disposed in waste container. Observations The time it took for the solutions to change colors varied according to the rate law equation. As the temperature was raised, the reaction occurred quicker. As the temperature was cooler, the reaction took longer. Discussion: Throughout this experiment we were trying to find the order of reaction pertaining to [I ˆ°] and [ˆ°]. This experiment also illustrated the many ways that the rate of reaction can be influenced. As the temperature was raised we saw the solution being changed at a quicker rate. As it was cool it took longer. This experiment also affirmed what was said of the rate of reaction being directly proportional to the concentration; the higher the concentration, the quicker the reaction. Sources of Error: There were several possible sources of error. When the group started attaining the specified volumes of the solutions we had misread the instructions several times and may have gotten the wrong amounts. We eventually got the amounts right, but there might have been residue from the other concentrations that were in there before. Another possible source of error could have been the amount of ice that was in the container. Even though it was possibly just a very small amount of extra nice that wasnt needed, that could have influenced the time the reaction occurred. Conclusion: The order of the reactions pertaining to [I ˆ°] and [ˆ°] were obtained. The order of reaction pertaining to pertaining to [I ˆ°] was 1 and the order of reaction pertaining to [ˆ°] was also 1. The overall reaction order was 2. This helped us find the specific rate constant, k, which was 1.93 x .

College Admissions Essay: A Person is Nothing Without Dreams :: College Admissions Essays

A Person is Nothing Without Dreams    My inspiration to succeed has always come from within. As a child, I had the vision of becoming a star and a role model for the next generation. I applied to Harvard because I believe it will help me fulfill those dreams. I am a person who is driven to achieve, and help others. The adversity of living in a small town, the frustration of being different, of looking to rise above and realize my own autonomy has helped me grow. The next step in my growth is Harvard. I am also a person who has a strong connection to beauty and art. I have been able to surmount any and all tribulations, and use music as my outlet. Music for me is the manifestation of one's own expression beyond words. Music is something that has always helped me go beyond the status quo and realize who I am and who I want to be. Music is knowledge, which will lead me to my own meaning of life. With the help of college, experience, and my own expression I hope to gain knowledge and wisdom. College is a process (among many others), which directs me to my next move in life. It is a step that I am obliged to take to gain a wider horizon of this world. One day I hope to apply all that I have learned to reach my goals and help others. A person is nothing without dreams. I live every day with this constant reminder written on a post-it note hidden in my wallet. It reminds me that I have a long way to go in life. I am still small and insignificant in many ways and have not yet broken free from my cocoon.

Serving the Public and the Animals Essay -- Zoology Zoos Wildlife Essa

Serving the Public and the Animals From childhood, most of us have fond memories of going to the zoo. We were entertained by the variety of animals that we were not able to see on a regular basis. Visitors of a zoo get to see exotic, and local animals of that area. Going to a zoo gives children and adults a chance to learn about different animals. Certain zoos also promote the conservation of endangered species. To people of all ages, zoos are just plain fun. This essay will support the operation of zoos based on their entertainment and educational value, and their ability to save some species from extinction. Most zoos, depending on the location, house animals from all over the world. Each zoo needs to be in a place where local animals, as well as exotic, can survive and live comfortably. That’s one of the main reasons why people go to zoos. Visitors are able to view unique animals through glass, and see how they might act in the wild. The Reid Park Zoo in Tucson, Arizona, features primates, big cats, birds, and reptiles. It also features large mammals like hippos, giraffes, and bears. They have recently built a new part of the zoo that houses panthers, sloths, and exotic birds. The Wildlife Zoo in Phoenix, Arizona takes care of hundreds of wild animals, with even more variety than the Reid Park Zoo. These zoos have special activities for children and adults that involve awareness and education of every species. There are also zoo employees who walk around with small animals and snakes that can be petted and held by zoo visitors. Zoos are a popular place to bring students for a field trip. Besides the entertainment value, children can learn about the different animals of the world and see how ea... ...d their viewers. There are so many benefits from having zoos. They give many gifts to the viewers and the captive animals. They aid in conservation, education, and entertainment. Without zoos, humans would not know enough about animals to treat their diseases, or to help wild animals with injuries. Many people would go without knowledge of the world’s different animal species. Several species would have seen extinction already. Zoos are a highly valuable commodity that should not be terminated. Works Cited Bostock, Stephen, Zoos and Animal Rights: The ethics of keeping animals, 1993 â€Å"Conservation in Zoos†, www.wag.co.za/root_news, Accessed 3/24/03 Markowitz, Hal, Behavioral Enrichment in the Zoo, 1982 â€Å"Programs†, http://desertmuseum.org, Accessed 3/24/03 â€Å"Zoos: Pitiful Prisons†, http://www.peta.org/mc/facts, Accessed 3/29/03

The Birthmark Essay: The Theme -- Birthmark Essays

â€Å"The Birthmark† – The Theme  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚   In Nathaniel Hawthorne’s tale, â€Å"The Birthmark,† the dominant theme is love conquering self, though there is also present the theme of alienation resulting from the evil within mankind. This essay intends to explore, exemplify and develop this topic.    Hyatt Waggoner in â€Å"Nathaniel Hawthorne† states:    Alienation is perhaps the theme he handles with greatest power. â€Å"Insulation,† he sometimes called it – which suggests not only isolation but imperviousness. It is the opposite of that â€Å"osmosis of being† that Warren has written of, that ability to respond and relate to others and the world. . . . it puts one outside the ‘magic circle’ or the ‘magnetic chain’ of humanity, where there is neither love nor reality (54).    Waggoner’s theme of alienation does play a part in the tale, but the theme which dominates is that of love conquering self as exemplified in Georgiana’s growing love for Aylmer. Her love transforms her very soul. â€Å"Everything he has to say is related, finally, to ‘that inward sphere’† (McPherson 68-69). â€Å"When he desired to build the kingdom of God, he looked for the pattern of it, not in history nor in the fortunes of those about him, but in his own heart (Erskine 180).    In the opening paragraph of â€Å"The Birthmark† the narrator introduces Aylmer as a scientist who â€Å"had made experience of a spiritual affinity more attractive than any chemical one.† Hawthorne’s description of the scientist’s love for Georgiana is apt, for love is just that – spiritual. And the theme of this tale is a spiritual one. Through the course of the story Aylmer declines spiritually, while Georgiana advances spiritually.    Even after Aylmer has â€Å"persuaded a be... ...John. â€Å"Nathaniel Hawthorne.† In Leading American Novelists. New York: Books For Libraries Press, 1968.    Hawthorne, Nathaniel. â€Å"The Birthmark† Electronic Text Center, University of Virginia Library http://etext.lib.virginia.edu/etcbin/toccer-new2?id=HawBirt.sgm&images=images/modeng&data=/texts/english/modeng/parsed&tag=public&part=1&division=div1    McPherson, Hugo. â€Å"Hawthorne’s Use of Mythology.† In Readings on Nathaniel Hawthorne, edited by Clarice Swisher. San Diego, CA: Greenhaven Press, 1996.    Waggoner, Hyatt. â€Å"Nathaniel Hawthorne.† In Six American Novelists of the Nineteenth Century, edited by Richard Foster. Minneapolis: University of Minnesota Press, 1968.    Williams, Stanley T. â€Å"Hawthorne’s Puritan Mind.† In Readings on Nathaniel Hawthorne, edited by Clarice Swisher. San Diego, CA: Greenhaven Press, 1996.         

Fiction novel by Jerry Spinelli Essay

Milkweed is a historical fiction novel by Jerry Spinelli. It is centered around Misha who grows up in Warsaw, Poland as the Holocaust is in full fledge. Misha struggles in his young life, as an orphaned Jew who steals and struggles to survive. Throughout the book Misha exemplifies persistence and perseverance in never giving up on life or the setbacks life can hand you that are outside of your control. This is a story of a man reflecting back on his difficult life he was dealt. Despite having no family, no belongings, and no true sense of identity, Misha is still able to love and care for others. He only steals and pick pockets others because it is necessary to his survival. Although he originally steals from Janina and her family, they take him in and treat Misha as their son. He loves and cares for them in return and continues to care for Janina, even after she is cruelly taken away from him after being shot by the Nazis. Even into his old life, Misha thinks fondly of Janina, remembering how he truly felt he was a part of her family and remembering her with kindness. He gives his granddaughter Janina for a middle name without hesitating when asked by his daughter. Although Misha begins the novel with no real sense of self or identity, by the end of the book and middle age for him, he finds his spot in the world, living peacefully and being sure of himself. After the War, Misha moves to America, where he begins giving speeches on street corners telling stories of all that he endured during the War. I think he may have told these stories both to make sense of what had happened to him and also to make others aware of exactly how awful the Nazi party was. He is able to make peace his past and leads a peaceful, happy life working at a grocery store and spending time with his daughter and granddaughter. Misha shows us all that despite what setbacks people have encountered and how unfair life may have been to them, with hard work, perseverance, and an optimistic outlook on life, you may not be able to control your destiny, but you are able to control how you react to it. Misha just so happens to take life as it comes and celebrate his victories. He chooses not to dwell on his orphaned life, poverty, the war, or the fact that his pregnant life left him and rejoice in the fact that he once had loved ones and now has a healthy daughter and granddaughter. After time, Misha accepted his past and quirky habits he acquired during the war and was able to reconcile with them.