Money Management Finance and Accounting Assignment

Cash Management Finance and Accounting - Assignment Example The executives of Money: Discussion looking into it: As the case speaks to, the individual concerned has resigned and he has $500,000 spared with him that he can utilize either for speculation or for some other reason. Either a yearly annuity from a disaster protection organization may end up being useful for him or the individual may deal with the riches himself by putting resources into a bank. The reason here is to figure out which approach would be progressively useful for the person after his retirement. Case 1: Yearly Pension from Life Insurance Company: if there should arise an occurrence of disaster protection organizations, contingent upon the age and future of the individual the insurance agency may choose the benefits sum that can be paid to the individual (A Basic Lesson in Immediate Annuities). It is accepted that the individual is a male and his age is 60 years. He has a measure of $50,000 to contribute. In the event that he puts the cash in a disaster protection organi zation, a few alternatives of pay installment might be accessible to him. The most elevated sum that he may get is $8,455 on a month to month premise on the arrangement of â€Å"Guarantee Income for a 5-Year Period Certain Only† (Estimated Quotes for a Single Life Annuity). ... Case 2: Managing Own’s Wealth: The individual may even choose to design and deal with his own riches. In the event that he needs to store the sum in a bank and pull back a specific sum each year, he would have a premium installment for himself that he will get on the sum he has kept. An all out investment funds of $500,000 may hope to get a measure of $25,000 in a year from the arrangement of salary. This sum might be gotten if the yearly paces of profits are 7 percent or 8 percent and the individual pulls back, say 5 percent on the sum. Pulling back a measure of in excess of 5 percent may make inconveniences for the chief sum and increment hazard for the individual (Generating Income from a $500,000 Portfolio). In this way in the event that a measure of $25,000 can be gotten through bank speculation, at that point month to month returns are relied upon to be $2083. Correlation: If the two cases are looked at it very well may be understood that the sum that the individual may get from a life coverage organization is a lot higher than the sum got from a bank venture. Indeed, even the base sum that an extra security organization can give the individual is $2520 which is more than the measure of $2083 that can be normal from a bank speculation on a month to month premise. Notwithstanding the higher sums that a life coverage organization may pay off to its client, it additionally gives offices to the relatives of the individual relying upon the arrangement that the individual chooses for his venture. Accordingly, considerably after his demise, his relatives may get the merited sums that may end up being helpful for their prosperity. In this manner contrasting both the speculation alternatives accessible with the person

History questions Assignment Example | Topics and Well Written Essays - 750 words

History questions - Assignment Example In light of forcefulness, British troopers started shooting upon regular folks so as to look after request. This butchering of regular citizens goaded the homesteaders. In conclusion, the Quartering Act was a request in which the homesteaders were required to take in warriors and accommodate them. This infuriated the homesteaders as this filled in as a channel on effectively rare and costly assets. The English idea that it was fundamental because of the way that it was a repayment for having troopers to shield the pioneers from Indians, different nations. And so forth. The Boston Massacre is considered by numerous individuals to be one of the essential beginning stages to the beginning of the Revolutionary War. Proof and hypothesis from the time leads numerous inquiries to be posed as to far who was the sole instigator in the demonstration. Boston was at that point in disturbance as pressures were ascending between the British and the pioneers. Regularly, the homesteaders would insul t the fighters. On this specific episode, it was accounted for that the provoking had arrived at a raised level. So as to scatter the group, shots were discharged into the air. This converted into strife in which the officers opened terminated on the regular folks until the two gatherings withdrew. Notwithstanding the realities, the homesteaders actuated the assaults. The warriors were simply carrying out their responsibility and upholding the laws. If this somehow managed to happen today with an uproar confronting the police, regardless of whether the strategies were out of line, the fault would fall on the group. The reason for the introduction of the Declaration of Independence was written accordingly with regards to the manner in which the crown was treating the settlers. Fundamentally, it was an autocracy. Thus, the introduction expresses that the force, which is used by the administration, is gotten legitimately from the force, which is given by the individuals. The understand ing that â€Å"all men are made equal† implied just white guys in the provinces. As of now, women’s rights were unfathomable and blacks were viewed as slaves meaning they were basically treated as property. The Declaration of Independence was a legitimization for why the provinces expected to split away from the degenerate type of government in England. The Virginia and New Jersey plans were made so as to help set up the new type of government, which would oversee over the new free provinces. The Virginia plan depended on the force in the legislature being founded on populace. Therefore bigger states would have progressively agent power in the administration. The littler states felt this was not reasonable; in this way they developed a framework dependent on uniformity, one vote for every state. The Connecticut Compromise set up a bicameral governing body, utilizing the New Jersey Plan as a format. The Senate would have equivalent portrayal given by each state and popu lace would base the House of Representatives. Samuel Slater is known as the dad of the American Industrial Revolution. His concept of compatible parts permitted industry and the making of machines to be quickened because of the way that these parts could now be effortlessly supplanted and changed in mechanical segments. One of the principle regions in which Slater had an effect was on the material business, specifically the Lowell factories. It joined the material and weaving process all in a similar structure, which boosted creation and proficiency. Calhoun’s hypothesis of invalidation expressed that in certain cases, a state has the privilege to decline to perceive a government law inside its

Waiting For The Mahatma

R. K. Narayan is one of the postcolonial essayists of India who are found to extend the country building disposition in their compositions. His Waiting for the Mahatma, set in the environmental factors of the writer’s made town Malgudi, is woven against the offbeat setting of the opportunity development. Be that as it may, notwithstanding utilizing legitimately the national experience as the focal topic as did Raja Rao, Narayan places it out of sight offering inclination to the individual narrative.In Waiting for the Mahatma, the story creates through the improvement of Sriram’s character, his experience with various circumstances and his sentiment with Bharoti. From the outset, Sriram is introduced a lethargic and careless youthful secondary school graduate living with his grandma. He has no information on the state of the nation. Yet, when he meets and begins to look all starry eyed from the outset sight with a young lady, a supporter of Mahatma Gandhi and is associat ed with the opportunity battle. All things considered his improvement through the novel from section 1 to 5 is our medium to know various parts of the novel.The hero, Sriram, is a dull individual who can be effortlessly impacted by anybody. At the beginning of the novel, in Part I, we recognize that he grows up under the caring consideration of his grandma, after the early demise of his folks. In that time his life was constrained by his granny. At the point when he is twenty, his grandma hands over the fat aggregate of cash she had been sparing in his name. His flippancy is known promptly, when he needs to pull back a gigantic whole of Rs. 250/ - , yet his careful grandmother confines it to a fair Rs. 50/ - . He had no way out rather obey her.Then he came into contact with Bharati and fell into all consuming, instant adoration. He met her as she was making tin assortment for the opportunity development. Bharati’s father had been shot dead while offering Satyagraha against th e British during the first Non-collaboration Movement. She, who was only a baby at that point, was embraced and raised by the Sevak Sangh, a Gandhian establishment, as a cultivate little girl to Gandhi. Bharati has no presence without Gandhi. She has no autonomous character of her own. She just represents Gandhi model of affection, peacefulness and freedom.Sriram comes into contact with Gandhi through Bharati. The closer he goes to Bharati the more he finds out about Gandhi. Sriram left his Granny at Kabir Road around evening time abandoning his family unit things and went to turn into a peaceful officer of Gandhi. His point was to stay with Bharati. â€Å"Gandhiji invited Sriram and let him know: ‘â€Å"Before you seek to drive the British from this nation you should drive each remnant of viciousness from your framework. . . . You should prepare yourself to turn into a hundred percent ‘ahimsa’ soldier’†. Gandhi could without much of a stretch read what sort of a man Sriram was.So he prompted him to leave his materialistic life and acknowledge a profound life. Then Sriram, a delight looking for man, was completely changed to a political dissident and an adherent of Gandhi. As a component of spreading Gandhi’s message, particularly ‘Quit India’, Sriram went to the town named Solur. He stopped before a shop and purchased two plantains and a container of pop. The shop man revealed to Sriram that he had pleasant rolls and inquired as to whether he wouldn’t attempt it. Sriram inquired as to whether the roll was English. He answered, ‘â€Å". . . Absolutely English rolls which you can't get for a significant distance around.In nowadays nobody else can get them. ’ ‘Have you no feeling of disgrace? ’ Sriram inquired. Sriram has changed from a wayward narrow minded present day realist to a representative of conventional qualities, swaraj and nationality. In compatibility of Gandhiâ €™s wishes, while Bharati sought capture, Sriram kept himself out of it and fell a prey to the intrigues of a progressive fear based oppressor Jagdish. Incidentally he secured fulfillment in his position of burning down the records in about six law courts, wrecking a few trains, deadening the work in different schools and detonating a rough bomb.â€Å"But he appreciates these sessions just as â€Å"a help in his forlorn dreary life, disconnected from all human affiliation. His progressive exercises give him a sentiment of sentimental significance and a picture of a character out of an epic† however he feels lost course and â€Å"a certain recklessness† about himself. The opportunity that he repeals for himself in clutter as decimation demonstrates him false† Sriram turned into a fierce trooper of opportunity. He turned into a captive of Jagdish who was a devotee of Subash Chandra Bose. Jagdish transformed the Mempi sanctuary into a fortress.â€Å"Sriram did numerous dangerous chips away in line with Jagdish. Before long he comprehended that by obliterating things none could remove the British from India. He felt that Mahatma Gandhi’s peaceful weapon was better than the brutal weapon. He was captured under the Defense of India rule† . Sriram required a drawn out preparing in comprehension and understanding the significance of adoration and the more extensive ramifications of peacefulness in this and the setting of opportunity. Bharati made him mindful of the female magnificence and Gandhi truth.The realist Sriram was changed over into a mystic and nationalist by the exertion of Bharati and Gandhi. Sriram’s name reviews that of the incredible legend of the Indian epic the Ramayana. â€Å"While there is some incongruity here, thinking about the idea of this specific legend, the detail is huge. The tale could be perused as a sort of illustration with Sriram as a figure illustrative of the Indian country, pulled in to the Gandhian lessons however deficient with regards to the ethical fiber essential for steadfast proceeded with adherence to them†.In the plot of this book, the change of the hero because of his gathering and experiencing passionate feelings for Bharati is critical. The way of the protagonist’s progress has been from a condition of detached independence to a condition of inclusion with others and issues that rise above the self, for example, love and patriotism. The epic plainly shows how close to home existence of individuals is influenced by political occasions. Sriram and Bharati can't consummate their relationship until India is independent.Even the extent of sentimental love is seriously disabled under British imperialism. Hanging tight for the Mahatmais an account of progress and development of the legend Sriram. From a realist he has developed to a loyalist and man of qualities. â€Å"At one level, hence, Waiting for the Mahatma is an account of progress of yout hful, reckless, joyful Sriram into an energetic sweetheart, a capable resident of the nation with a record of extensive penance and a term in prison to make him a total patriot† Sitting tight for The Mahatma R. K. Narayan is one of the postcolonial authors of India who are found to extend the country building demeanor in their compositions. His Waiting for the Mahatma, set in the environmental factors of the writer’s made town Malgudi, is woven against the unusual background of the opportunity development. Be that as it may, regardless of utilizing straightforwardly the national experience as the focal subject as did Raja Rao, Narayan places it out of sight offering inclination to the individual narrative.In Waiting for the Mahatma, the story creates through the advancement of Sriram’s character, his experience with various circumstances and his sentiment with Bharoti. From the outset, Sriram is introduced an apathetic and careless youthful secondary school graduate living with his grandma. He has no information on the state of the nation. Be that as it may, when he meets and begins to look all starry eyed from the start sight with a young lady, a devotee of Mahatma Gandhi and is associated with the opportunity battle. All things considered his improvement through the novel from section 1 to 5 is our medium to know various parts of the novel.The hero, Sriram, is a dull individual who can be effectively affected by anybody. At the start of the novel, in Part I, we recognize that he grows up under the caring consideration of his grandma, after the early demise of his folks. In that time his life was constrained by his granny. At the point when he is twenty, his grandma hands over the fat total of cash she had been sparing in his name. His flightiness is known quickly, when he needs to pull back an enormous entirety of Rs. 250/ - , yet his attentive grandmother limits it to a better than average Rs. 50/ - . He had no way out rather obey her.Then he came into contact with Bharati and fell into unexplainable adoration. He met her as she was making tin assortment for the opportunity development. Bharati’s father had been shot dead while offering Saty agraha against the British during the first Non-collaboration Movement. She, who was only a baby at that point, was received and raised by the Sevak Sangh, a Gandhian establishment, as an encourage little girl to Gandhi. Bharati has no presence without Gandhi. She has no autonomous character of her own. She just represents Gandhi model of adoration, peacefulness and freedom.Sriram comes into contact with Gandhi through Bharati. The closer he goes to Bharati the more he finds out about Gandhi. Sriram left his Granny at Kabir Road around evening time abandoning his family unit things and went to turn into a peaceful officer of Gandhi. His point was to stay with Bharati. â€Å"Gandhiji invited Sriram and let him know: ‘â€Å"Before you seek to drive the British from this nation you should drive each remnant of viciousness from your framework. . . . You should prepare yourself to turn into a hundred percent ‘ahimsa’ soldier’†. Gandhi could without much of a stretch read what sort of a man Sriram was.So he exhorted him to leave his materialistic life and acknowledge an otherworldly life. Then Sriram, a joy looking for man, was completely changed to a political dissident and a devotee of Gandhi. As a component of spreading Gandhi’s message, particularly ‘Quit India’, Sriram went to the town named Solur. He stopped before a shop and purchased two plantains and a jug of pop. The shop man revealed to Sriram that he had decent scones and inquired as to whether he wouldnâ?

The Ten Principles Of Economics And The Data Of Macroeconomics - 1100 Words

The Ten Principles Of Economics And The Data Of Macroeconomics (Term Paper Sample) Content: Ten Principles of Economics and the Data of Macroeconomics Name Institution Date Introduction Macroeconomics is an economics concept that equips people with the relevant information on how the economy of a nation works thereby allowing for the best manner of determining the most appropriate choices to make so that the country ensures an overall improvement in its wellbeing. Ideally, it serves crucial for the organizations, enterprises, and individual entities have to consider the impact of this concept on their prosperity (Sargent, 2015). Measuring the economic activities of a given system makes it easy to test various operational policies and ideas hence facilitating the macroeconomic performance. How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources Economists are scientists since they come up with hypotheses and models, which one would be capable of testing using the available data obtained from various sources. These people derive their principles from empirical research. The models developed help in establishing predictions some of which might not be right on the mark. However, the data enhances the description of the actual undertakings of different people. On the other hand, economists are policy makers as they give recommendations on the procedures or operations, which a firm, an organization or a system in entirety ought to undertake. As such, they play a critical role in the identification of influential and non-influential figures when making the policy changes within the public sector as well as the private markets. In their policy-making process, the economists enable individuals to view the world in different and unique ways (Sargent, 2015). Considerately, everything that serves vital seems to be scarce. Resources are not exceptional in any way whatsoever. The society uses to market and command systems to help in the allocation and distribution of its scarce commodities and resources to a given population. In the market, the process depends on the use of price as a significant determinant of allocating the goods. However, the command system implies that the political spectrum would contribute significantly to their choices and decisions. Using the circular flow model, explain the flow of money and goods in an economy A circular flow model is an economic diagram, which acts as a representation of the monetary transactions within an economy. It involves the households and firms with two critical operations that include the flow of goods and services as well as money that would serve crucial in the payment process. These flows help in determining the expenditure value, income, and output. When the levels of these three values do not change, it shows that the system is at an equilibrium state. In this manner, it would mean that income (Y) equals to expenditure (E), which is equal to the output (O). When households spend on purchasing the commodities, the sellers or firms receive their incomes (Sargent, 2015). However, the process continues as the firms buy the production factors like labor, capital, land, and entrepreneurship. When this happens, the owners of the factors receive income in return. Consequently, these people buy the goods during which they spend their incomes hence bringing about a cir cular flow of money and commodities. How the economy coordinates society's independent economic actors An independent economic actor within a society can be an individual (household), or an organization (firm) that comes up with rational decisions aimed at self-interest maximization due to the ability to utilize the production factors like labor, capital, and land. Within an economy, these two actors (the firms and households) interact independently as the external factors do not come to cause any influence. However, the economy would coordinate their interactions through the market forces. These include the considerations that have an impact on the nature of demand and availability of commodities as well as their prices (Sargent, 2015). In an economic platform, the customers might have some unmet needs hence requiring the incorporation of most adequate opportunities and techniques. Moreover, the competitors in a given market determine the ability to supply some products hence showing how the economy operates with the actors. A country's gross domestic product (GDP) and how it is defined and calculated Gross Domestic Product (GDP) is one of the vital indicators that help in gauging the ...

The Bible The Word of God - 2055 Words

The Bible, sacred book of Christianity, it includes collections of ancient writings, which are split into two sections referred to as the old (Hebrew Bible ) and the new testament. It is said to be the most influential book in western history, as we owe our culture and moral compass to it. Historically the Bible has been seen as authoritative, as it is believed to be the infallible ‘word of God’, as writers were divinely inspired. However divisions about interpretations can be seen historically, typically in regards to translation. It can be seen today, in the amount of differing denominations. This may be explained by post-modern individualism, where citizens have a sense of choice of what to believe, rather than being influenced by the†¦show more content†¦Therefore this suggest that the Bible is not divinely inspired, as it’s fallible. Therefore, how can the Bible be seen as authoritative , if people are not clear of what ‘God will’ is , inevitably leading to discrepancies in how to read it. Inevitably, due to the nature of oral tradition, by the 3rd century (once greek manucripts had been in circulation), there were differing opinions, about what was considered scripture- infallible ‘word of God’. For example some rejected the OT or only read stories told by Jesus. Thus roman emperor Constantine (274-337) wanted to address this by providing a single canon that church leaders agreed upon. Using his educational advantage, he sort to authenticate manuscripts by collating and redacting writings to form a comprehensive book. Allegedly, he tried to fit the old and new testament in such a way that, that the old is validated in term of its prophetic nature, in relation to the new, to deal with problems sharing scripture with Judaism. This official canon list ‘word of God’ was effectively ‘voted’ upon, by bishops, in the Council of Nicaea ( 325 CE). However, an issue may be that, writings were only included if they fitted the social paradigm of the ancient culture. Thus the ‘Bible’ wouldn’t have been a reflection of ‘God’s will’ but a way of life that could fit into existing society. For example many gospels by women seem to have been omitted, which mayShow MoreRelatedIs The Bible The Word Of God?904 Words   |  4 PagesIs the Bible the Word of God? Every year, millions of people ask themselves whether or not the bible is the true word of God. The Christian faith has so many variants that it sometimes becomes very difficult to make something so simple easy to select. My challenge is to defend what evidence I have as a Christian that the bible is truly the word of God. One of the most important ways to prove inerrancy is the bible scriptures. An example is found in Genesis 1:3-5 which states, And God said, â€Å"LetRead MoreThe Bible And The Word Of God993 Words   |  4 Pagesunderstand the Bible and the history of it in order to fully relate the message of the Word of God, clearly to other people. Theology is the study of God and who he is throughout history, where evangelism ties into teaching that truth. In order to identify with the character of God, one must understand him. You need to understand the attributes of God, his unchangeableness, his independence, that he is omnipresent, and eternal. Also it needs to be understood that we will not fully understand who God is eitherRead MoreThe Bible Is The Word Of God Essay815 Words   |  4 PagesI believe that the bible is the word of God, that it is inspired, inerrant and infallible. I do believe that we should apply the Bible to our lives today but in order to do that properly we must unders tand its context and culture. There are things in the scripture that do not apply to us directly such as building an ark and gathering animals into it. But even when passages are not specifically applicable to us today they do teach us truth. We learn about God and about how he interacts with peopleRead MoreThe Bible And The Word Of God1727 Words   |  7 PagesThe first way to living a happy and meaningful life is to follow the bible and the word of God. God is the ultimate creator and he is the number one thing that should be in our life. Jesus said, â€Å"Again Jesus spoke to them, saying, â€Å"I am the light of the world. Whoever follows me will not walk in darkness, but will have the light of life†Ã¢â‚¬â„¢(English Standard Version, John 8:12). what he means by this is that if we follow him we will never get lost and he will be our provider and leader while if we doRead MoreThe Bible, The Inspired Word Of God Essay1677 Words   |  7 PagesIntroduction The Bible, the inspired Word of God was written by His ordained writers. One of these was Paul, a great believer and follower of Christ, who was committed and dedicated to the spread of the gospel. He faced many afflictions and challenges on the course of his journeys that took him to different regions of the world, in the hope of spreading the Word of God to the many regions that had not received the Good News. On the course of his travels, he met different people along the way butRead MoreThe Bible Is God s Word1788 Words   |  8 PagesThe Bible is God’s Word. It contains absolute truths believed by Christians everywhere. It teaches humans how to live their lives, and guides them to do what is right. It tells people how the world was created, and how mankind came to be. Put simply, a Biblical Worldview is accepting all of this end everything else the Bible says, and applying it to one’s life, and for a teacher, one’s classroom. A Biblical Worldview effects everything regarding education, from the way one sees his or her studentsRead MoreThe Bible is the Authoratative Word of God Essay686 Words   |  3 Pageswhy you believe in the Bible, and asks Isnt it a book just like any other piece of literature? would be a difficult question, but let alone a very plausible question to be asked to a Christian in a ones lifetime. I have personally been asked this question before on multiple occasions, and there are many responses I have given as according to being sensitive to the circumstances upon which the question was asked. I believe in the Bible as being the authoritative word of God, and the divinely inspiredRead MoreThe Bible : The Holy Spirit, And The Word Of God1703 Words   |  7 Pagesbeginning was the Word, and the Word was with God, and the Word was God† John 1:1 (NASB). Scripture comes directly from God unlike any other book. God has spoken His work and used humans, such as prophets to speak His word to us. The concept of authority is woven into the fabric of Scrip ture. This idea of â€Å"ultimate right† is inevitably linked with God’s sovereignty throughout the Scriptures. How we choose to view the authority of Scripture is up to our own discretion. We accept the Bible as the inspiredRead MoreBible as the Inspired Word of God Essay1103 Words   |  5 PagesBible as the Inspired Word of God The Bible is the work of various authors, who lived in different continents and wrote in different eras. Furthermore, much of the text does not claim to have been dictated by God and is not always God speaking to people. In parts it consists of people speaking to God, as in the Psalms, and people speaking to people, as in the New Testament letters written by Paul. In light of this, some maintain that it is not possible to treat theRead MoreThe Bible Is An Important Aspect Of Our Christian Lives844 Words   |  4 PagesStudying the Bible is an important aspect of our Christian lives. The Bible is the flawless and inerrant word of God. He spoke through the chosen authors the words of the Bible. Through the Scriptures, God reveals his character and revelation. The Bible has authority since it is ultimately from God. The Bible is the inerrant and inspired word of God that holds authority. The Bible has the power to give commands and demand obedience. This authority is both inherent and given by God. God is the highest

Response Inhibition Of Children With And Without Adhd...

Ornstein, T., Max, J., Schachar, R., Dennis, M., Barnes, M., Ewing-Cobbs, L., Levin, H. (2013). Response inhibition in children with and without ADHD after traumatic brain injury. Journal of Neuropsychology, 7(1), 1-11. doi:10.1111/j.1748-6653.2012.02027.x Attention-deficit/hyperactivity disorder (ADHD) and traumatic brain injury (TBI) share many of the same symptoms and in some cases, ADHD is even a consequence of TBI. This is known as secondary ADHD (S-ADHD). Likely due to impaired frontostriatal systems, we see a similarities in children with ADHD, S-ADHD, and TBI. Ornstein et. al. (2013) compared children with ADHD and those with TBI that did not have pre-injury ADHD on their performance on a stop signal paradigm (SSP), response†¦show more content†¦Ornstein et. al. (2013) seek to answer three critical questions. First, is the magnitude of inhibitory control deficits similar when looking at developmental and acquired forms of ADHD. Second, is TBI itself associated with inhibitory control deficits, or do we only see these deficits in those whom suffered a TBI and have been diagnosed with S-ADHD. And finally, does the magnitude of response inhibition deficits vary with the severity of the TBI. When testing the subjects, ch ildren with developmental ADHD that were being treated with medication had the medication withheld for 48 hours before testing to eliminate the effects of the medication on their cognitive performance. It is also important to note that none of the children with S-ADHD were medicated at the time of the study. The diagnostic criteria used to diagnose ADHD was via the DSM-IV. The severity of subjects whom had suffered a TBI were based on the Glasgow Coma Scale (GCS), commonly used to diagnose severity of brain injury. To determine S-ADHD, the researchers used the Ontario Child Health Survey Scales-Revised (OCHS-R), which was completed by both parents and teachers of the children involved in the study, focusing on the behaviors exhibited over the past six months. The subjects than used the SSP test to determine their speed when executing and voluntarily inhibiting a motor response. It involved two concurrent tasks which gauge reaction time as well as accuracy.

Logistics and operations management Apple Inc Case Study

Question: Describe about logistics and operations management in Apple Inc. Answer: Introduction: Apple Inc. is one of the prominent brands in the domain of electronics and communication. Apple, since its inception had taken the world by storm. It had created an indelible impression in the minds of its consumers and target audience by and large. The founder of Apple was particularly clear about the companys products, services and solutions. Innovation is the keyword s far as the firm is concerned. Similarly, the organization boasts of competent and proficient workforce who is responsible for creation of marvelous products which are hard to imitate by the rest of the industry. Apple Inc. which was previously known as Apple Computer, Inc. is a conglomerate which creates and consumer electronic items, software, consumer servers and also functions as digital dispenser of media content. The company owns retail stores termed as Apple Stores. Apples products and items rake up figures that are not only hard to surpass but also create new records that set the tone for the market and indus try. Apple Inc. indulges in laying out a robust design for its products and solutions which empower the firm to form an extensive structure for the performance of the items and solutions. Discussion/ Analysis: Importance of process design: For any product, solution or item to succeed or prosper it is crucial for the firm to devise a design of process of the concerned product or solution and make it available in the business domain. At the outset, it is important to note that Apple Inc. engages in building of quality design of the process based on the product. Here, the product considered is Apple iPhone which is one of the best products of the company. Apple functions in a complex environment which is filled with esteemed competitors and players (Akter et al. 2016). With over countless mobile phone companies operating in the domain, the competition is obviously fierce and cutthroat. Apples products exude a level of precision which makes the item standout in the crowd offering similar things. The management of the company believes that the craftsmanship involved in manufacturing of its products could be well compared to that of a finely crafted watch. In order to avoid being slow and low in the competition, Apple had up ped the ante in the area of build quality which had been its area of expertise since a long period of time (Almeida et al. 2015). The manufacturing brilliance and exceptional skills that goes in making of a product is enough for any gadget enthusiast to pause before Apples products and solutions. The process design encompasses nitty-gritty of manufacturing of design of a particular product which in this case, is iPhone (Balsalobre-Fernndez et al. 2015). Apple had constantly been on an innovation drive as far its products, services and solutions are concerned. In order to build a product of Apple, which comes with a certain proportion of fit and finishing, and also manufacturing erudition Apple had to build up production processes which the management terms as most complex and also ambitious. The process design is laid in such a manner that not only captivates the target audience but also creates further avenues of expansion and enlargement of its territory (Chiang and Che 2015). Pro cess design of any product and solution should be trouble-free and uncomplicated, thats what the demand of the market says. Further the design should have intuitive features and also easy to navigate amongst its various applications and features. Nowadays, firms have adopted the policy of Less is More while creation or formation of design of its products and solutions. The same also would facilitate Apple to stay ahead in the race with regard to its players (FernNdez-LPez et al. 2013). Aims and objectives: To begin with, Apple offers premium products at premium prices. The highlight is the fact that the firm in spite of such premium proposition maintains large market share including high profits. 1) The first and foremost objective is continuation of creating products, solutions which would create landmark in the industry. Hence, the objective would be to create and sustain such performance, the firm will need to have a strong research and development team who will ensure no complacency in their end sustain with existing growth rate (Balsalobre-Fernndez et al. 2015). 2) Secondly, Apple aims to innovate and dictate the genre of future technology. Technology is a concept which is ever changing and not static. The strategy in this case, should be to pursue success of having best products and services. Apple inc. must study the entire market and take the feedback of consumers in consideration while improving upon their products (Akter et al. 2016). 3) Thirdly, the firm may seek to go on an expansion drive. Apple stores or outlets are visible in nook and corner of the world. The objective would be to have stores to increase sells substantially. The company may contemplate of commencing of introduction of units or outlets in various large markets and spread out externally wherein, population and product demand are the basis (Wang and Nien 2016). 4) Further, the firm may place its items in various retail stores, e-commerce websites and ensure that mobile devices are featured in different mobile carrier. Building a brand is deemed to be toughest challenge in the industry. Apple aims to create hype for upcoming products. The strategy to be formulated could be that of usage of annual symposium and proceedings to publicize release and necessary information of each latest product or solution prior to its initiation in the market. 5) Apple Inc. has changed the perception of phones, tablets and so on. There is no superior name in the technological arena than Apple and it is expected to go bigger and better with time. The company should aim to assume itself as a trendsetter, penetrate new merchandise markets previous to competition and convey existing items and solutions at an unmatched quality standard (Frow et al. 2015). 6) The firm should aim to increase the profit margin. In spite of high and low share of markets, it is the concerned firms margins that make or break for the organization. The strategy in this regard could be to persist with drive to lesser cost thereby making products and in keeping with sustenance of the unchanged retail price in the market (Wolfe et al. 2016). Product stages of Apple: Amongst the different stages of an entire product stage of any organization, which comprises of introduction, growth, maturity and decline, Apples product of iPhone is in the growth stage. The reasons and manifestation of this statement is laid below. Fast growth in demand: Since inception, Apples iPhone have generated huge interest and attracted imagination of the masses. Apple iPhone will continue its growth ride amongst both individual as well as enterprise customers. As a matter of fact, the Apple iPhone created a record worth 20.2 million unit consignment in a year and in next year the figures amounted to 141.7% which is in excess of 12 times than the global average level (Medhi and Mondal 2015). In conclusion, it may be commented that the demand for the iPhone series products is growing and expanding significantly indicating that the products could be likely to be in the growth stage as far as product cycle is concerned. High profit margin: Apples iPhone recorded figure worth 57.8% in 2010 and with the projected reduction in cost of manufacturing alongside increasing scale of production, the sale price of iPhone do not descend as per the anticipation, and, therefore, it may be deduced that the turnover margin does not reduce with time but in distinction, it is maintained or increased (Monden 2015). Uncertainty: The iPhone is experiencing growth stage wherein the consumers would gradually accept the product, and hence there would be a growth in the demand for the same. Having said that, demand could also be somewhat uncertain owing to incapability of predictions in future demand of the item and also in its stage of maturity. Also the very nature of the market and also the nature of product is fast changing along with high innovation rate which contributes to uncertainty in demand. By this the firm may amass more margin of profit and estimate the future demand (Gaubinger et al. 2015). Pricing: The margin of profit of Apple iPhone is on a high in keeping with other brands with more than a halfs profit margin. Hence, the consumers are willing to bear the pricing of the product since a majority of them believe it to be appropriate (Wonglimpiyarat 2015). Selection of Supplier: Regarding supplier selection, the firm has zeroed onto the finest and best in business OEM manufacturers and suppliers thereby keeping the focus on quality and flexibility. The largest touch screen provider of iPhone is Samsung, which has itsown reputation. The stages of the product of iPhone state the firm is likely to maintain this ongoing growth rate, and the same should remain intact in spite of consumer uncertainty and other paraphernalia existing in the industry (Wang and Nien 2016). Analysis of performance objectives: Apples performance and concentrated growth tactic is in direct relation to that of the companys approach with regard to marketing, pricing and various avenues of business. Apple Inc. being a prominent company worldwide illustrates that the performance policy is a major indicator of lead against other organizations, namely, Samsung, Microsoft and others. Also, Apples thorough strategies for augmentation bear the companys capacity to uphold its solid state of affairs in the international market (Kumar et al. 2015). With a towering rate of modernization or innovation, and prominence on distinction in design of merchandise and products, Apple thrives even with the element of high value. This unbeaten situation specify about Apples efficacy in usage of its standard strategy and important growth plans and policies. Apples basic strategy of extensive differentiation enables the business to stand out amongst its players. Segregation in utilities and design offers support to the firms goal th at of being a leader through innovative services, solution and products (Frow et al. 2015). Innovation is in the very genre of Apples operations. However, to develop its purpose of this broad stratagem, the establishment must assertively penetrate markets, principally in developing nations where Apples marketability aspects are however limited. Apples strategy of growth is that of product development (Kim et al. 2015). Penetration of market and market development falls in second and third places, respectively. These exhaustive growth initiatives are in concurrence and support Apples basic strategy. The firm assumes importance in development of product by virtue of innovation. However, for improvement of performance, the company should accentuate more market, penetration followed with development (Wolfe et al. 2016). Laying stress over these important growth strategies can improve Apples buoyancy against insistent players like Samsung and others. Product improvement demands that the company is ought to provide striking products and solutions for augmentation of its market sh are and performance. Apple implements thie exhaustive growth tactic by virtue of innovation in its research and development or RD functions (Grace et al. 2015).The firms missions a well as vision statements cite this very aspect. Through this aspect, Apple envisages innovation as game changer. For instance, the firm persists with innovation of products like iPhone. In this approach, the organization also forms new products, solutions for the market wherein it operates. The growth of Apple Inc may be attributed to new products and items which boost the firm to accomplish more revenues. This policy is in total conformity with the companys overall strategy by maintaining focus over exclusive Apple products which may boost profits (Al-Debei et al. 2015). Conclusion: Apple Inc. as a firm that excels in its products, services and solutions. All its products and services bear merit of the firm. It is very clear from the above discourse that innovation is the factor that drives the firm to reach and accomplish new heights and thereby creates a yardstick in the industry. Apple Inc. engages in a robust design process which instigate the firm to be in a separate league altogether. Apples iPhone is yet another brainchild of the exceptional think-tank of the organization which never fails to catch the imagination of its loyal consumers and public by and large. Apple Inc. operates through an innovative process design which is clinical in the firms performance and also its products, services and solution. Decades and years have witnessed the brilliance of the firms ability which reached its pinnacle during the tenure of the firms former CEO Steve Jobs. The product cycle that of iPhone experiences a steady growth at present. Though there are uncertainties i n the market and industry by and large the firm never fell off the orbit that of growth and development. 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