Friday, January 31, 2020

Individualism as an American Culture Essay Example for Free

Individualism as an American Culture Essay Question: How do the examples involving the child who has fallen, the way food is served and eaten, and the newspaper route provide the author with significant insights into American cultural value? Do you agree with her interpretations? Poranee like many other immigrants are faced with various changes/challenges when they leave their homeland to start a new life in another country. Some of these changes are obvious, while others are not so blatant. Poranee first realized these changes with the simple question â€Å"how are you?† While somethings are consider normal and acceptable in one country, it may be consider rude or inappropriate in another. Poranee was raised in culture that emphasis service and togetherness, which is why she felt comfortable enough to help the fallen child. Without being told, she wouldnt have known that letting the child get up himself will teach him to be independent from an early age. Just like the fallen child, eating off someone else plate or reaching across the table isnt consider inappropriate since the Thais focuses more on forming a community than individualism. The American way of eating is consider inappropriate to the Thais because it is seen as selfish and inconsiderate to have so much food on your plate. I agree with the author on her interpretation of the examples except for the example about the newspaper route. I dont think that the couple who own the BMW’s were materialistic because they were well off but still made their children work. I think that by making their son sell newspapers and their daughter babysit, they were teaching them the value of hard work Working teaches them that just because their parents have money, doesnt mean they can sit around and do nothing.

Thursday, January 23, 2020

The World Trade Organization (WTO) and the International Monetary Fund (IMF) :: Globalization World Trade

The World Trade Organization (WTO) and the International Monetary Fund (IMF) Before I took this class I would have never fathomed the fact that an organization such as the World Trade Organization (WTO) existed. I’m interested in the fact that the whole world takes part in the WTO’S dealing with rules of trade between all of the different nations. The World Trade Organization is located in Geneva Switzerland with about 147 countries in association with the organization. It was established on January 1st 1995 in an effort to forum for trade negotiations, handle international trade disputes, and monitor national trade policies and administering WTO trade agreements. I feel that this organization is very necessary because the world definitely needs the kind of formal order that the WTO gives regarding trade issues.   Ã‚  Ã‚  Ã‚  Ã‚  The IMF stands for the International Monetary Fund which is in charge of overseeing global monetary cooperation, securing financial stability, and promoting high employment and economic growth. This organization is associated with over 184 different countries in operating surveillance, and both financial and technical assistance. This organization strives to prevent any type of crisis in the system by encouraging countries to adopt effective economic policies. The World Bank Group on the other hand supports the efforts of developing country governments to build schools and health centers, provide water and electricity, fight various diseases and protect the environment. The World Bank is currently involved 1,800 projects around the world to try to improve every lacking quality of a country. Even though the World Bank claims the name that it does, it actually is not a bank at all but does lend money to nations with the intent of completing various projects. The IMF can be held responsible for this as well but the World Bank Group is probably more involved in giving the necessary funds to countries.   Ã‚  Ã‚  Ã‚  Ã‚  The WTO and the IMF play a big economic role because they continue to strive to improve the present global economic situation. I also like how they will not give a country the necessary funds if they are under communist rule because then the country’s leader could be doing God knows what with that money that’s really supposed to be used for the country’s well being.

Tuesday, January 14, 2020

LabCo Essay

Since LabCo will adopt IFRSs in the coming year, LabCo’s accounting policy and accounting for the Halibut contract may change under IFRSs. Basically, IAS 11 is to prescribe the accounting treatment of revenue and costs associated with construction contracts. Contract revenue should include the amount agreed in the initial contract, plus revenue from alternations in the original contract work, plus claims and incentive payments that (a) are expected to be collected and (b) that can be measured reliably. Contract costs should include costs that relate directly to the specific contract, plus costs that are attributable to the contractor’s general contracting activity to the extent that they can be reasonably allocated to the contract, plus such other costs that can be specifically charged to the customer under the terms of the contract. [IAS 11. 16] In this case, LabCo make contract entered into was for a fixed price and requires detailed and involved performance specifications. Upon entering into the contract, LabCo realized that this was a unique arrangement that required a great deal of customer specification in order to meet required performance standards. In practical, LobCo had experienced significant difficulties in the design and manufacture of the six-axis laser cutting machine. And their overall project would incur total costs that would be in excess of the total fixed-fee contract price negotiated with Halibut. Thus, they should make a change on setting contract revenue and total contract cost. Contract cost can be increased due to specifically charged to the customer.