The Satire of Animal Farm :: Animal Farm

The Satire of Animal Farm Orwell's book, "Animal Farm", is full of satire. This satire is Orwell's way of communicating problems and resolutions. The main message in Animal Farm is that power cannot be divided equally. There will never be equality for all. Once power is obtained it is always abused, and power causes all to think as the leader does. Equality does not exist, for it is impossible for everyone to be equal. There will always be a leader and there will always be followers, and they will never be equal. A society in which all are equal will never exist because people will have different opinions on the way that the society should be run. "This arrangement would have worked well enough if it had not been for the disputes between Snowball and Napoleon. These two disagreed at every point where disagreement was possible." Snowball and Napoleon are battling for control of the farm, they both want to be the leader because they know that the leader has the most privileges. The animals that are in charge, the pigs, do less work than the other animals. "All that year the animals worked like slaves." The title of leader is highly sought after, because the leader tells everyone what to do without actually having to work. The pigs not only do less work but they receive more food. "Once again all the rations were reduced, except those of the pigs and the dogs." The fact that the pigs receive more food than the other harder working animals, shows that the farm is full of inequality. This type of governing is wrong, and Orwell wants it to stop. Less power should be given to the leader, so that the leader and his followers can be more equal. Once a group or an individual obtains power, it is impossible to manage it correctly. The leader will always take advantage of his power. Power causes the leader to make decisions, that will only better himself. "... Boxer was being sent to the knacker's." The pigs killed an animal just so that they could make some money. The power led them to this decision, they could kill Boxer, make some money, and no one would ever find out. Everyone has heard about the golden rule: "whoever has the gold makes the rules." This applies to "

Financial Analysis of I.T Ltd.

Company background I. T Limited (0999. HK) is an investment holding company based in Hong Kong. It was listed on the main board of The Hong Kong Stock Exchange on 4-March-2005. The company offers a wide range of apparel products. It sells its products as well as offers a variety of national and international brands through its network of retail stores. As of February 28, 2011, it operated 392 stores in Hong Kong and Mainland China. Objective To undertake a comprehensive analysis on the financial performance of I. T. Limited. Detailed financial ratio analysis will be performed.An estimation of the firm’s cost of equity capital and weighted average cost of capital will also be provided. Horizon of analysis We will focus on its performance in the latest 5 fiscal years. A) Detail financial analysis The financial analysis will be conducted in two ways. First, the major accounts on financial statements will be inspected in order to derive a general picture on the healthiness of the business. Second, PERL (Performance, Efficiency, Risk, Liquidity) framework will be used to further analyze the financial performance of the company. I.Going through the financial statements We can get a glimpse of the healthiness of the business by looking into the trend of accounting items in income statement, balance sheet and cash flow statement respectively. Consolidated income statement (Referring to appendix A – table 1 and 2) 2008/09 was a special year, financial tsunami happened. Therefore there was a huge profitability impact in that year, resulting in a large decrease in operating profit. And since the market recovered in 2009/2010, the profitability suddenly increased a lot in that fiscal year. Other than these wo special years, the overall growth trend in sales turnover, costs, and profit is healthy. (Referring to appendix A – table 3) Standardizing the income statement can extract extra information. All the accounts are expressed as a percentage of turnov er. The company has done a good job in cost controlling, since the cost of sales as a percentage of turnover is in a decreasing trend, hence the gross profit margin is in an increasing trend. On the other hand operating expenses fluctuates at about 50-51% of turnover, but since cost of sales has a greater decrease, the net effect is operating profit is in an increasing trend.Consolidated balance sheet (Referring to appendix A – table 4) In general, total assets experience an increasing trend. This is reasonable since the business is at a growing stage. One notable point is the growth of non-current assets look greater than current assets, especially property, furniture and equipment has a very significant increase in 2010/11, this is probably due to the rapid expansion of retails stores in Hong Kong and China. And as a result, there is a significant increase in inventories in 2010/11 too. (Referring to appendix A – table 5)Similar conclusions can be drawn by viewing th e same accounts in a standardized balance sheet (all items are standardized by total asset value in the fiscal year). Property, furniture and equipment, and inventories make up most of the total assets. (Referring to appendix A – table 6) Liabilities also grow a lot with total assets as the business expands. Notably there is a significant increase in both short-term and long term bank borrowings. In addition the payable accounts also increased more than 100%, meaning that the company bought stocks or services from suppliers on credit more than before.This growth of liabilities is fine as long as the company can generate consistent operating cash flows, as we will see in the next section. (Referring to appendix A – table 7) Similar conclusions can be drawn at standardized balance sheet, bank borrowings and payables increased significantly, especially for longer term bank borrowings. (Referring to appendix A – table 8) The growth of the business was mainly funded by growing liabilities, as we can see that the growth of equity is not so significant, the company has not issued new shares to get funding. The company has simply retained some of the profit in each year into reserves.Consolidated cash flow statement (Referring to appendix A – table 9) The company has improved its cash flow generation as its business grew. The profitability of the company increased, and so as the cash generated from operation. And since the company has increased in size, it has increased its ability to finance from banks, therefore it also increased its cash generated from financing activities. Although the company has increased investment in fixed assets and hence the cash outflow from investment, this is offset by the increase in cash flow from operation and financing.II. PERL (Performance, Efficiency, Risk, Liquidity) analysis (Referring to appendix B and C) 1) Performance Profit margins (Gross, operating, net) Gross profit margin keeps increasing. The la test figure is 63. 35%, which is a very high margin. This is probably due to the increased brand image of the company, hence the company can increase the selling price of the products. Also, the company shifted the focus on selling products of its own brands more than imported brands, this also increased the gross profit margin.Both operating and net profit margin are also in an increasing trend (despite year 2008/09, a special year which financial crisis happened). But it is worth noting that the current margins are 12. 08% and 10. 12% respectively, which show a great difference from gross profit margin. This indicate the operating expenses are very high, eating up more than 50% of profit margin. The company should think ways to further reduce operating costs. Return on Equity (ROE) The company has increased its ROE along the years despite the special year 2008/09. The latest ROE is actually a high return, 21. 6%. So what are the main drivers of such high return? By utilizing DuPon t analysis, the reason for return growth can be found: ROE = Net Profit Margin x Asset Turnover x Financial Leverage The net profit margin is increasing throughout the years. At the same time, since the financing ability of the company has increased, the financial leverage also increased. These two factors drove the ROE up, offsetting the diminishing effect on ROE by asset turnover. The asset turnover actually decreased in last two fiscal years, indicating the efficiency of turning asset to revenue decreased.It is a bit worry to see the ratio decreased from 1. 6 to 1. 17 in these 2 years. It may indicate that the asset size of the firm is too large, further expansion may not bring further increase in revenue. This may be an indicator of the firm has passed its optimum point and management must take extra care in evaluating whether the company should invest in expanding more retail stores or not. Extended DuPont analysis breaks down net profit margin into tax burden, interest burden, and EBIT margin. Tax burden of the company is actually increasing, i. e. it has to pay more effective tax hence impacting the net profit margin.But it’s still fine as the effective tax rate is still at about 20%, which should be quite low when compared to effective tax rate outside Hong Kong and China. Interest burden also experiences an increasing trend. This is reasonable since the company has increased financing ability and financed through more bank loans. EBIT margin is increasing, offsetting the negative effect of tax burden and interest burden. 2) Efficiency Fixed asset Fixed asset turnover is in a decreasing trend (from 16. 08 to 7. 98 in last five years). This indicates the efficiency of generating sales revenue from fixed assets investment is lowering.This confirms with the decreasing asset turnover ratio mentioned above. However the ratio is still at a high level, the management should still invest in fixed asset and expand the business, but extra care should be t aken to determine the amount and scale to be invested. Inventory Inventory turnover is decreasing (from 3. 72 to 2. 48 in last five years). This indicates that in general, the speed of stocks selling has slowed down as the business expands. When this ratio is converted to days of inventory on hand, the meaning can even be clearer. The days increased from about 98 days to 147 days in these 5 years.Overstocking, importing or producing products which are not popular, or insufficient marketing efforts are all possible reasons to this decreasing efficiency. Receivables Receivables turnover is decreasing. To get a clearer meaning, the ratio is converted to days of sales outstanding, and this ratio is increasing (from 1. 97 to 11. 49). This ratio means on average how many days the company’s customers who buy on credit will pay their bills. This increasing ratio means that it takes more time to collect the bill from customers, meaning that capital has to be tied up for longer period. However the number actually is not large, it’s about 12 days and therefore an acceptable value. Payables Payables turnover decreased from 11. 14 to 5. 51. The ratio can be converted to number of days of payable. This ratio increased from 32. 76 to 66. 23. This ratio is the average amount of time it takes to pay its bills. The time has increased significantly. It showed the advantage of the growth of the company, i. e. when the company went listed and expanded, the ability to pay on credit increased. This increased time to pay bills increases the flexibility to manage working capital and hence benefits the operation of the company.Working capital The effectiveness of the company in using working capital has increased since the working capital turnover increased from 2. 72 to 4. 46 in last five years. This means that more sales revenue is generated for each dollar of working capital which funded the sales. This is probably due to increased size of the company, so that the compa ny can get more funding by short-term bank loans, and increase its payables to different creditors. These increased funding are used to purchase inventories to generate sales revenue. 3) Risk Gearing All debt-to-equity, debt-to-asset and financial leverage ratios are in an increasing trend.As the company grows, more funding is needed. Financing by debt issuance is better than equity issuance since the required return by debt is lower, and there is possible tax advantage on debt payment. These three ratios are still in a healthy range and further increase in the ratio is still possible. Debt-to-common equity ratio is 0. 32 and debt-to-asset ratio is 0. 18, these two numbers are fairly low. This indicates that the company has a considerable capacity in debt financing if needed. Coverage Interest coverage ratio maintains at a high level (159. at 2010/11), although the company has increased financing by bank loans. That means the operating profit is more than enough to cover the interes t expense and indicate that the business is healthy. Cash flow coverage ratio is also at adequate level despite it has fallen a bit (50. 54 at 2010/11). This is also a healthy signal because net cash flow is positive and adequate. 4) Liquidity Cash conversion cycle Cash conversion cycle is the days the company takes to convert its investment in inventories back into cash. The company has an increased cash conversion cycle, due to the increase in days on inventory on hand.This is still an acceptable length (92. 15 days), but the company should try to lower the days in inventory on hand as mentioned above. Current and acid test ratio Both current and acid test ratio are decreasing, but they are still at a healthy level. Current ratio is at 1. 85, meaning the current assets are 1. 85 times of current liabilities, which is sufficient for its short-term obligations. Acid test ratio is 1. 12, meaning the cash-like current assets are 1. 12 times of current liabilities, indicating that it i s sufficient to cover its short-term liabilities by short-term cash.Operating cash flow to maturing obligations This is also a measure of the company’s ability to meet short term liabilities from cash flow. Although the overall cash flow has improved, the current liabilities has also increased considerably, therefore this ratio is not at a high level (0. 44). The major cash outflow is from purchasing fixed assets and repayment of bank loans. Management should control the cash outflow in these two areas in order to improve the overall liquidity. III. Summary The company has a healthy business. It has an increasing net profit and positive cash flow.The ROE and profit margin are at good levels. It utilized bank loans to further expand its business, while the leverage ratios are still in a healthy range. There is no liquidity problem associated with the company as seen in liquidity ratios. However the management should focus on improving the efficiency of the company while expand ing the business. The major concern here is reducing days of inventory on hand, in order to reduce the length of cash conversion cycle. To sum up, this is a company with good financial performance, and therefore it is worth to invest in this company.B) Cost of equity capital Capital Asset Pricing Model (CAPM) is used to determine the cost of equity capital. There are three major inputs in CAPM equation: risk-free rate, beta of the company stock to a benchmark market, and equity risk premium of the benchmark market. Since I. T. Limited is a Hong Kong based company, therefore the input parameters mentioned above should come from Hong Kong. Risk-free rate Hong Kong government do not issue bill or bond (despite the newly launched ibond, but that is a floating rate bond which its purpose is for general public to protect inflation).Therefore risk-free rate should be the yield on Exchange Fund Bills issued by Hong Kong Monetary Authority. Risk-free rate should be the yield on short-term bi ll, therefore the yield on one-month bill is selected, which is 0. 05%. Stock beta Hang Seng Index (HSI) is the benchmark index in Hong Kong. 5 years of monthly return stock of I. T. Limited and HSI were obtained. Stock Beta of I. T. to HSI can be calculated by using Slope function of Excel, or regressing both return series. The estimated beta is 1. 399, meaning that the stock of I. T.Limited is more volatile than the index. R2 coefficient is 0. 2261, meaning that about 22. 61% of the variability of the stock returns can be explained by variability in the index. Equity risk premium According to Zhu & Zhu (2010), the equity risk premium of Hong Kong is 8. 19%. Applying CAPM: Cost of equity capital = (0. 05 + 1. 399*8. 19)% = 11. 51%. C) Weighted average cost of capital (WACC) The company has not issued any debt. The â€Å"debt† of the company is in the form of bank borrowings, so the effective interest rate of borrowing will be treated as cost of debt.In the latest annual repo rt, the effective interest rate is 1. 4% (from notes 23 of annual report). Total bank borrowings is HKD594. 145M, total equity is HKD1846. 961M, therefore: WACC = 594. 145 / (594. 145 + 1846. 961)*1. 4% + 1846. 961 / (594. 145 + 1846. 961)*11. 51% = 9. 049% References: Hong Kong Monetary Authority, Exchange Fund Bills and Notes fixing (http://www. info. gov. hk/hkma/eng/press/index_efbn. htm) Zhu & Zhu (2010) – Estimating the Equity Risk Premium: the Case of Greater China, Jie Zhu, Xiaoneng Zhu (http://citeseerx. ist. psu. edu/viewdoc/download? doi=10. . 1. 175. 7333&rep=rep1&type=pdf) Appendix A – Selected figures from financial statements Table 1 – Excerpt from summarized consolidated income statement 201120102009200820072006 HK$'000HK$'000HK$'000HK$'000HK$'000HK$'000 Turnover3,834,422 2,995,952 2,733,256 2,021,283 1,530,763 1,314,443 Cost of sales(1,405,482)(1,176,707)(1,121,570)(819,423)(640,442)(540,243) Gross profit2,428,940 1,819,245 1,611,686 1,201,860 8 90,321 774,200 Other income – incentive income0 13,200 0 0 Other (loss)/gain(7,544)3,791 (11,123)1,900 (4,395)(273) Impariment of goodwill0 (4,217)(59,569)0Operating expenses(1,958,255)(1,524,760)(1,468,877)(1,002,046)(749,898)(642,553) Operating profit463,141 307,259 72,117 201,714 136,028 131,374 Table 2 – Growth trend of turnover, costs and profit, calculated based on consolidated income statement 20112010200920082007 Increase/Decrease (%) Turnover27. 99%9. 61%35. 22%32. 04%16. 46% Cost of sales19. 44%4. 92%36. 87%27. 95%18. 55% Gross profit33. 51%12. 88%34. 10%34. 99%15. 00% Operating expenses28. 43%3. 80%46. 59%33. 62%16. 71% Operating profit50. 73%326. 06%-64. 25%48. 29%3. 54% Table 3 – Excerpt from summarized and standardized consolidated income statement 01120102009200820072006 Turnover100. 00%100. 00%100. 00%100. 00%100. 00%100. 00% Cost of sales-36. 65%-39. 28%-41. 03%-40. 54%-41. 84%-41. 10% Gross profit63. 35%60. 72%58. 97%59. 46%58. 16%58. 90% Other income – incentive income0. 00%0. 44%0. 00%0. 00%0. 00%0. 00% Other (loss)/gain-0. 20%0. 13%-0. 41%0. 09%-0. 29%-0. 02% Impairment of goodwill0. 00%-0. 14%-2. 18%0. 00%0. 00%0. 00% Operating expenses-51. 07%-50. 89%-53. 74%-49. 57%-48. 99%-48. 88% Operating profit12. 08%10. 26%2. 64%9. 98%8. 89%9. 99% Table 4 – Excerpt from summarized consolidated balance sheet 20112010200920082007HK$'000HK$'000HK$'000HK$'000HK$'000 ASSETS Non-current assets Property, furniture and equipment727,022 233,395 229,124 179,850 93,191 Current assets Inventories736,717 394,520 411,145 323,724 196,299 Table 5 – Excerpt from summarized and standardized consolidated balance sheet 20112010200920082007 ASSETS Non-current assets Property, furniture and equipment22. 13%11. 83%13. 44%11. 59%9. 38% Current assets Inventories22. 42%20. 00%24. 12%20. 85%19. 77% Table 6 – Excerpt from summarized consolidated balance sheet 20112010200920082007 LIABILITIES Current liabilities Bank borrowings (214,911)(47,400)(47,400)(10,000)0Trade and bill payables(360,545)(149,488)(155,993)(121,840)(66,805) Accruals and other payables(349,524)(178,245)(135,677)(140,200)(71,648) Non-current liabilities Bank borrowings(379,234)(35,200)(82,600)0 0 Table 7 – Excerpt from summarized and standardized consolidated balance sheet 20112010200920082007 LIABILITIES Current liabilities Bank borrowings-6. 54%-2. 40%-2. 78%-0. 64%0. 00% Trade and bill payables-10. 97%-7. 58%-9. 15%-7. 85%-6. 73% Accruals and other payables-10. 64%-9. 04%-7. 96%-9. 03%-7. 21% Non-current liabilities Bank borrowings-11. 54%-1. 78%-4. 85%0. 00%0. 00%Table 8 – Excerpt from summarized consolidated balance sheet 20112010200920082007 EQUITY Capital and reserves Share capital119,725 115,504 115,504 115,468 103,950 Reserves1,727,236 1,362,219 1,096,205 1,105,369 722,803 Non-controlling interests(3,749)0 0 0 0 Total equity1,843,212 1,477,723 1,211,709 1,220,837 826,753 Table 9 – Excerpt from summarized con solidated cash flow statements 20112010200920082007 HK$'000HK$'000HK$'000HK$'000HK$'000 Net cash generated from operating activities450,446 366,025 135,589 243,939 91,589 Net cash used in investing activities(508,347)(137,011)(156,242)(110,300)(101,843) Net cash generated from/ used in) financing activities204,453 (47,400)22,668 (76,497)(49,807) Net increase in cash and cash equivalents146,552 181,614 2,015 57,142 (60,061) Appendix B – Ratio formula Performance Profit margins Gross profit margin = Gross Profit / Turnover Operating profit margin = Operating Profit / Turnover Net profit margin = Net Profit for the year / turnover Return ratio Return of equity (ROE) = Net Profit for the year / Averageyear, year-1 (Share capital + Reserves) Decomposition of ROE ROA = Net Profit for the year / Averageyear, year-1 (Total Assets) ROE = ROA x Financial Leverage DuPont Decomposition of ROEAsset turnover = Turnover / Averageyear, year-1 (Total Assets) Financial leverage = Averageyear, year-1 (Total Assets) / Averageyear, year-1 (Share capital + Reserves) ROE = Net profit margin x Asset turnover x Financial leverage Extended DuPont Decomposition of ROE Tax burden = Net profit for the year / Profit before income tax Interest burden = Profit before income tax / (Operating Profit + Share of profit of jointly controlled entities) EBIT margin = (Operating Profit + Share of profit of jointly controlled entities) / Turnover ROE = Tax burden x Interest burden x EBIT margin x Asset turnover x Financial leverageEfficiency Fixed asset turnover = Turnover / Averageyear, year-1 (Property, furniture and equipment) Inventory turnover = Turnover / Averageyear, year-1 (Inventories) Days of inventory on hand = 365 / Inventory turnover Receivables turnover = Turnover / Averageyear, year-1 (Trade and other receivables) Days of sales outstanding = 365 / Receivables turnover Payables turnover = Cost of sales / Averageyear, year-1 (Trade and bill payables) Number of days of payable = 36 5 / Payables turnoverWorking capital turnover = Turnover / Averageyear, year-1 (Net current assets) Risk Debt-to-common equity ratio = (Short term + Long term bank borrowings) / (Share capital + Reserves) Debt-to-asset ratio = (Short term + Long term bank borrowings) / Total assets Financial leverage = Averageyear, year-1 (Total Assets) / Averageyear, year-1 (Share capital + Reserves) Interest coverage ratio = Operating profit / Interest expense Cash flow coverage ratio = Net increase in cash / Interest expense LiquidityCash conversion cycle = Days of sales outstanding + Days of inventory on hand – Number of days of payable Current ratio = Current assets / Current liabilities Acid test ratio = (Current assets – Inventories) / Current liabilities Operating cash flow to maturing obligations = Operating cash flow / Current liabilities Appendix C – Calculated ratios 20112010200920082007 Performance Profit margins Gross profit margin63. 35%60. 72%58. 97%59. 46%58. 16 % Operating profit margin12. 08%10. 26%2. 64%9. 98%8. 89% Net profit margin10. 12%8. 77%1. 56%8. 46%8. 0% Return ratios ROE23. 35%19. 53%3. 50%16. 70%15. 55% Decompsition of ROE ROA14. 76%14. 29%2. 61%13. 43%13. 05% ROA*Financial Leverage = ROE23. 35%19. 53%3. 50%16. 70%15. 55% DuPont decompistion of ROE Asset turnover1. 46 1. 63 1. 68 1. 59 1. 63 Financial Leverage1. 58 1. 37 1. 34 1. 24 1. 19 Net profit margin*Asset turnover*Financial Leverage = ROE23. 35%19. 53%3. 50%16. 70%15. 55% Extended DuPont decomposition of ROE Tax burden80. 65%83. 29%53. 97%81. 23%82. 63% Interest burden100. 46%100. 86%103. 66%106. 90%112. 12% EBIT Margin12. 49%10. 44%2. 8%9. 74%8. 63% Tax burden*Interest burden*EBIT Margin*Asset turnover*Financial Leverage = ROE23. 35%19. 53%3. 50%16. 70%15. 55% Efficiency Fixed asset turnover7. 98 12. 95 13. 37 14. 81 16. 08 Inventory turnover2. 48 2. 92 3. 05 3. 15 3. 72 Days of inventory on hand146. 89 124. 95 119. 58 115. 82 98. 19 Receivables turnover31. 76 31. 98 5 1. 12 81. 59 185. 10 Days of sales outstanding11. 49 11. 41 7. 14 4. 47 1. 97 Payables turnover5. 51 7. 70 8. 07 8. 69 11. 14 Number of days of payable66. 23 47. 38 45. 21 42. 01 32. 76 Working capital turnover4. 6 3. 91 4. 24 3. 39 2. 72 Risk Debt-to-common equity ratio0. 32 0. 06 0. 11 0. 01 0. 00 Debt-to-asset ratio0. 18 0. 04 0. 08 0. 01 0. 00 Financial Leverage1. 58 1. 37 1. 34 1. 24 1. 19 Interest coverage ratio159. 70 119. 70 29. 64 646. 52 45342. 67 Cash flow coverage ratio50. 54 70. 75 0. 83 183. 15 (20020. 33) Liquidity Cash conversion cycle92. 15 88. 99 81. 51 78. 28 67. 40 Current ratio1. 85 3. 00 2. 80 2. 93 4. 66 Acid test ratio1. 12 2. 08 1. 70 1. 91 3. 42 Operating cash flow to maturing obligations0. 44 0. 85 0. 36 0. 77 0. 58

George Orwell s Animal Farm - 1255 Words

Throughout human history, tyranny and oppression have fueled the revolutionary reconstitution of society. The French revolutionary motto, â€Å"liberty, equality, fraternity† can be applied in part to every rebellion in history. With these principles at heart, it only seems logical that human society should become utopian. Despite the principles, the French revolution paved the way for the autocratic rule of Napoleon. History repeats itself; George Orwell’s Animal Farm follows the rise of Animalism which serves as an allegorical reflection of the 1917 Russian revolution that led into the Stalinist era. Many revolutions throughout history follow the same path as the newly installed government always become indistinguishable from those who ruled before them. The reasons exhibited in the novel are the distortion of revolutionary ideas, the abuse of language to manipulate the naà ¯ve working class and the corrupting influence of power. 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Orwell presents the idea that communism is a good idea in theory, but it always leads to corruption by the people who take power. The author presents the novel as an entertaining fable featuring an animal revolution; however, beneath this storyline Orwell utilizes literary devicesRead MoreGeorge Orwell s Animal Farm1403 Words   |  6 PagesGeorge Orwell believes â€Å"What you get over and over again is a movement of the proletaria t which is promptly characterized and betrayed by astute people at the top and then the growth of a new governing class. The one thing that never arrives is equality† (Letemendia 1). Orwell simply loathes revolution and thinks it is unfair to the majority, for the people. He thinks that while individuals change, the people in power are always corrupt and they will corrupt any attempt at change. He communicates

Macbeth Critique - Free Essay Example

Sample details Pages: 2 Words: 477 Downloads: 9 Date added: 2019/02/20 Category Literature Essay Level High school Tags: Macbeth Essay Did you like this example? The play I chose to write my critique about is none other than Shakespeare’s shortest and most intense drama known as â€Å"Macbeth†. I personally never seen the play Macbeth but heard a lot about it throughout my high school. Shakespeare is a great playwright known for writing the very famous Romeo and Juliet and also for Macbeth. Don’t waste time! Our writers will create an original "Macbeth Critique" essay for you Create order Since I knew how great of a play Romeo and Juliet was, I knew Macbeth was going to be right up there with it. I watched Macbeth on youtube and what a play it was. I actually enjoyed it and that surprised me. It was a very well written play where a once loyal soldier gets a message from some witches that he would be the King of Scotland one day and would rule Scotland. Him and his impatient wife could not wait for that and took matter into their own hands and killed their king and took over and blamed the killing on some guards. When Macbeth seen that what the witch said came true, he went back to them for more information and was told that he should look out for an enemy â€Å"not born of woman† and he believed that was nonesene. Until he was sneak attacked by Malcolm and his army and when he was about to get murdered he was told by Malcolm that Malcolm was born by c-section and that he was not precisely speaking â€Å"born of woman†. So it was a very intense play for sure. The play about Macbeth that I had watch was a more modernized one it had some very createful theatrical elements. First off since the play had witches in them, the director had to come up with the way to make the witches disappear from time to time. So the director had to have a gauze curtain that was transparent. And for sound design, there was voice overs used for the witches so that it could look like they are actually talking. And the lightning was designed really well, where the goal was to inject a natural light setting. Lightning poles were set to create visual effects for the audience. As for costumes go, most of the characters at the start were wearing informs since they were in a war. The King of Scotland was wearing his silky robe which assures of how wealthy he is. Macbeth costumes changed since he went from a soldier to a self appointed King. But mostly costumes were like they were from the old medieval days. In conclusion Macbeth was a very well written play that had everything. And since I watched a modernized version, the director did very well with the theatrical elements to make it very entertaining for the audience to watch. It was a great action play that I would love to watch in a real live play.

The Republic of Plato Book VII A Close Analysis - 945 Words

Socrates continues the conversation with Glaucon and now focuses on the obligation of the guardians and philosophers to serve the people as a result of their education. Socrates describes people in a cave since birth, bound so they can only see what is in front of them. There are shadows and sounds that can be observed but the source is unknown. Socrates says in 515c, â€Å"†¦such men would hold that the truth is nothing other than the shadows of artificial things.† Their reality is limited by their experience. Then a prisoner is freed from the bonds and is forced to look at the fire and the statues that were used to cast the shadows on the walls. He is overwhelmed by the revelations and learns that the shadows were not the reality.†¦show more content†¦Ã¢â‚¬Å"If beggars, men hungering for want of private goods, go into public affairs supposing that in them they must seize the goods†¦ruling becomes a thing fought over†¦destroys these men†¦and the rest of the city as well.† (521a) Throughout history, and in present political environments of the world, the leaders - or guardians - have not always been raised up to rule with an attitude of gratitude or obligation to ensure the harmony of the commonwealth. Many times kings, dictators, presidents and emperors have been, and are, the opposite kind of rulers that Socrates refers to in the earlier statement. Things that are good and just may be lost when states (countries, nations) come into conflict with other states that have contradictory leadership and cultures, like the just man being less well off than the unjust man in earlierShow MoreRelatedHow the Divided Line Relates with the Cave and Light of Sun Essay1291 Words   |  6 Pagesmost famous three analogies, that of the divided line, which was perfectly, rather clarified in the book The Republic. It is one of the most articulate stories. Plato brought out these models of truth, knowledge, and the natural world of truth along his analogy of the divided line. However, Plato’s analogies are over 1900 years old, I believe but they can still play a big role in today’s world. Plato believes that his manner of knowledge produced in his divided line, can be a significant part in creatingRead MorePolitical Philosophy and Plato Essay9254 Words   |  38 PagesSocrates 469 BC–399 BC, was a classical Greek Athenian philosopher. Credited as one of the founders of Western philosophy, he is an enigmatic figure known chiefly through the accounts of later classical writers, especially the writings of his students Plato and Xenophon, and the plays of his contemporary Aristophanes. Many would claim that Platos dialogues are the most comprehensive accounts of Socrates to survive from antiquity. Through his portrayal in Platos dialogues, Socrates has become renownedRead MoreEssay Utopia4252 Words   |  18 PagesUtopia In the year 1515, a book in Latin text was published which became the most significant and controversial text ever written in the field of political science. Entitled, ‘DE OPTIMO REIPUBLICATE STATU DEQUE NOVA INSULA UTOPIA, clarissimi disertissimique viri THOMAE MORI inclutae civitatis Londinensis civis et Vicecomitis’, translated into English would read, ‘ON THE BEST STATE OF A COMMONWEALTH AND ON THE NEW ISLAND OF UTOPIA, by the Most Distinguished and Eloquent Author THOMAS MORERead MoreAp European History Outline Chapter 10 Essay example5639 Words   |  23 PagesEuropean History Chapter 10 Outline: Renaissance and Discovery Section One: The Renaissance in Italy * Section Overview * Jacob Burckhardt, a Swiss historian, described the Renaissance as the â€Å"prototype of the modern world† in his book Civilization of the Renaissance in Italy (1860) * In Italy blossomed new secular and scientific views * People became to approach the world empirically and draw rational conclusions based on observation * Burckhardt sawRead MoreWalts Whitmans Vision of America in Leaves of Grass17685 Words   |  71 PagesShort†©biography†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†©5†© Historical†©context†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†©7†© Thematic†©analysis†©of†©poems†© a. Beauty†©of†©the†©country†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†©8†© b. Democracy†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†©17†© c. War†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†©25†© d. Future†©generations†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†©34†© †© II. †© III. †© IV. †© V. VI. †© Overview†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†©44†© Personal†©comments†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†©45†© VII. †© VIII. Conclusion†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†©47†© †© IX. †© Bibliography†©Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreSources of Ethics20199 Words   |  81 PagesOperating Policy: 77 I. INTRODUCTION 78 II. COMPLIANCE WITH LAWS AND ETHICAL BUSINESS CONDUCT 80 III. CONTRACT AUTHORITY 81 IV. CONFLICTS OF INTEREST 83 V. FAIR DEALINGS 88 VI. RECEIPT OF GIFTS, LOANS, FAVORS, OR OTHER GRATUITIES 88 VII. USE OF THE COMPANY FUNDS OR OTHER RESOURCES 90 VIII. POLITICAL CONTRIBUTIONS 93 IX. CORPORATE RECORDS 93 X. APPROVAL OF EXPENSES 95 XI. MEDIA, REGULATORY, LEGAL AND OTHER INQUIRIES 95 E. Subpoenas or Other Legal Process 98 XII. DISCIPLINARYRead MoreInternational Management67196 Words   |  269 Pagesincluding, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on recycled, acid-free paper containing 10% postconsumer waste. 1 2 3 4 5 6 7 8 9 0 QDB/QDB 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811257-7 MHID 0-07-811257-5 Vice President Editor-in-Chief: Brent Gordon Vice President, EDP/Central PublishingRead MoreLibrary Management204752 Words   |  820 PagesAll rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher. Library of Congress Catalog Card Number: 2007007922 ISBN: 978–1–59158–408–7 978–1–59158–406–3 (pbk.) First published in 2007 Libraries Unlimited, 8 8 Post Road West, Westport, CT 06881 A Member of the Greenwood Publishing Group, Inc. www.lu.com Printed in the United States of America The paper used in this book complies with the Permanent Paper StandardRead MoreDeveloping Management Skills404131 Words   |  1617 PagesSuzanne Duda Lead Media Project Manager: Denise Vaughn Full-Service Project Management: Sharon Anderson/BookMasters, Inc. Composition: Integra Software Services Printer/Binder: Edwards Brothers Cover Printer: Coral Graphics Text Font: 10/12 Weidemann-Book Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Copyright  © 2011, 2007, 2005, 2002, 1998 Pearson Education, Inc., publishing as Prentice Hall, One

Common Good of Utmost Importance Samples †MyAssignmenthelp.com

Question: Discuss about the Common Good of Utmost Importance. Answer: I believe that doing common good to the people of the society is of utmost importance and it should be done to achieve the best image for the professions. The common good can be done to the human beings and this is one of the shared responsibilities for the people. I think that the human beings were sent to this earth to do the common good only. The common good of the society can be done by implementing the shared responsibility of the other people within the society. This can only be reflected by his or her profession. This profession must ensure the safety of the people. I have chosen the nursing profession to carry out this paper since all the practitioners in nursing must be very cautious. The society is also very respectful for this profession as well. If all the nurses complete their responsibilities p[roperly, the world would be a secure and peaceful place. In many cases it has been seen that the nurses ignore their responsibilities and many unwanted things takes place because of that. I believe that the primary responsibility of the nurses is to secure the patient safety and the junior nurses should be motivated by the seniors. This is the primary responsibility of the nurses. I believe that the people who are suffering from very problematic illnesses need to be supported mentally. The duty of the nurses is to provide the needed medical and mental support. The senior nurses should take up the responsibility of guiding the juniors for the career success. The prime focus of this profession is to ensure the common good of the human beings through the shared responsibility. If the leadership qualities of the nurses are not proper, there will be a huge chaos in their career development prospects. If the nurses do not perform their responsibilities at the fullest, the hospitals will feel that impact and they will not be able to provide the premium services to their patients. The professional attitude is very much needed from the nurses. I had experienced such kind of a thing when I was admitted in a hospital for a surgery and I noticed that a senior nurse was behaving very rudely and badly with a patient. Later, I understood that it was due to overwork that she was not able to handle that work pressure and she lost her control. The interpersonal relationship between the nurses should be very much effective that it should always positive results. This quality is reflected every time as they communicate with the other nurses, patients families and the doctors of the hospital. If the bad behavior of the nurses continues to be evident in the profession, their good reputation might be hinged by this. I believe that the human dignity is put at a serious condition when the respect in the profession moves way. As the main motto of this profession is serve the human beings, it is very important to make an idea about how this can be evidently kept away from any of the malpractices. The dignity of this profession must be maintained. The nursing ethics should be obeyed by the nurses as this is their responsibility to keep their reputation alive. This is why the nurses have to concentrate on their work properly. It is an alarming issue that the number of nurses is decreasing very badly and nothing has been done to stop it. This can turn into a huge matter in the coming years. The ratio between the patients and nurses will have to be kept at a point where the patients can get appropriate care from the nurses. If they do not perform their tasks properly, they will be at a risk since the lives of the human beings are associated with their work. If any irresponsible things are committed by the nurses, their image will go down and this cannot be tolerated. The government has to recruit more nurses so it will be effective for them to control the various issues that are related with the common good of the society. The interpersonal relationship skills would be badly affected as the lack of communication skills between them would be exposed. I also think that as a part of their shared responsibility, they should be very careful while they should also look to keep the hospitals clean and sterile all the time and free of germs. Some new attractive courses should be introduced so that this profession can be made very lucrative for them. Mutual respect between the nurses and patients will help them to perform the common good for the society. References Barker, A.M., 2012.Advanced practice nursing. Jones Bartlett Publishers. Butts, J.B. and Rich, K.L., 2012.Nursing ethics. Jones Bartlett Publishers. Henderson, A., Cooke, M., Creedy, D.K. and Walker, R., 2012. Nursing students' perceptions of learning in practice environments: a review.Nurse education today,32(3), pp.299-302. Nieswiadomy, R.M. and Bailey, C., 2017.Foundations of nursing research. Pearson. Shekelle, P.G., 2013. NursePatient Ratios as a Patient Safety StrategyA Systematic Review.Annals of Internal Medicine,158(5_Part_2), pp.404-409. Speroni, K.G., Fitch, T., Dawson, E., Dugan, L. and Atherton, M., 2014. Incidence and cost of nurse workplace violence perpetrated by hospital patients or patient visitors.Journal of emergency nursing,40(3), pp.218-228.

Weekly Journal Public Administration

Introduction Public administration focuses on the functioning of public service and its relations with people. Numerous theorists analyzed different facets of public administration and contributed greatly to the development of the discipline. Thus, Wilson, Goodnow, Addams and Taylor are some of the most influential theorists who made a profound contribution to the development of the public administration.Advertising We will write a custom critical writing sample on Weekly Journal: Public Administration specifically for you for only $16.05 $11/page Learn More Major Theorists Woodrow Wilson is one of the most influential theorists in public administration. He believed it was crucial to divide administration from politics (Shafritz Hyde, 2012). Wilson stressed that people who were elected were often incompetent in many spheres and they could not govern the country properly; and the theorist noted that only people competent in specific areas can make sure l aws are implemented effectively (Shafritz Hyde, 2012). This approach had an immense impact on development of public administration. It is possible to state that the field obtained the necessary from and particular issues were identified. Frank Goodnow shared Wilson’s views and stressed that the dichotomy of the US government should be addresses by dividing politics and administration. Goodnow stressed that the government consisted of the judicial, executive and administrative branches (Shafritz Hyde, 2012). The theorist noted that the administrative branch should be free from political influences of the executive branch (Shafritz Hyde, 2012). Goodnow claimed that the administrative branch should carry out particular, ‘commercial’ activities and he also stressed that administrative branch could ensure adequate implementation of laws, if the administrators were not influenced by specific political views (Shafritz Hyde, 2012). Therefore, the theorist unveiled th e dichotomy of the US government and developed the approach. Remarkably, the approach has shaped the development of public administration. Frederick Taylor also contributed greatly to the development of the public administration (Cox, Buck Morgan, 2010). The theorist introduced the idea of scientific management. This concept focused on structuring and organizing efficient work of the government as well as organizations. Taylor focused on the structure and functioning of the administrative branch. The theorist claimed that the administrative branch is also an organization where employees should be chosen accurately to be able to fulfill particular tasks (Cox, Buck Morgan, 2010). According to Taylor, the organization could function effectively if each employee understood his/her functions and carried out activities assigned properly (Cox, Buck Morgan, 2010). This approach had a profound effect on the development of the theory as it revealed imperfections of the then-government.Adve rtising Looking for critical writing on public administration? Let's see if we can help you! Get your first paper with 15% OFF Learn More Notably, Jane Addams had a totally different view on public administration. Addams argued that the focus on efficiency of the structure and functions of the administrative branch was, ironically, ineffective (Shafritz Hyde, 2012). The theorist claimed that empathy is central to effective public administration as administrators had to serve people; therefore, they had to know their needs, fears and aspirations. Jane Addams believed that public administration should be based on principles used in communities and even homes (Shafritz Hyde, 2012). This approach had an immense impact on the development of the theory of public administration in the long run as people understood that perfect structure does not guarantee proper government. Conclusion On balance, it is possible to note that numerous theorists have contributed to the develop ment of the field of public administration. The theorists mentioned above put questions which revealed really serious issues. Solving the issues enabled the researchers to develop the theory of public administration and to describe the structure and major functions of the government. It is also necessary to note that the development has not stopped as there are lots of areas to develop and improve. Reference List Cox, R.W., Buck, S.J., Morgan, B.N. (2010). Public administration in theory and practice. New York, NY: Longman Publishing Group. Shafritz, J.M., Hyde, A.C. (2012). Classics of public administration. Boston, MA: Cengage Learning. This critical writing on Weekly Journal: Public Administration was written and submitted by user Jed1d1ah to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.