Warren Electric Essays - Power Engineering, Avnet, Premier Farnell

Warren Electric The electronic distribution industry is one of the fastest growing and changing industries right now. One of the problems right now is that the industry is going into a direction that it has never been before. Massive acquisitions and mergers are causing a slight problem right now in this industry. One example of this is when three years ago the Cleveland-based Premier Industrial Corp was bought out by Farnell electronics plc of Britain. This company saw itself struggle with many problems spawned by falling share prices, a major CEO's departure, and declining sales. Many of these problems had to do with the logistics of major corporations merging (Srikonda, 1999). Another problem is that there was a sales slump in the industrial electronics industry in the third quarter of 1998. Sales during this quarter rose seven percent, but manufacturers ordered less than the previous year. According to the Electronic Industries Alliance, sales began to slow during the spring and the trade group expected industrial sales to be flat for the year (Brack, 1999). The fourth quarter seems to be questionable depending on what companies you are looking at. Avnet, Inc. announced disappointing performance for their forth quarter and Arrow Electronics announced that fourth quarter earnings will be below analysts expectations. Kent Electronics and VEBA Electronics Inc. both had increased sales for the forth quarter (Walter, 1999). Warren Electric seems to have jumped into the acquisition game with full force. Warren Electric's latest acquisition was in 1997 when Warren purchased Watson Electric Company. Watson Electric joins Warren Electric Group's existing Warren Electric Company, Warren Electric Telecommunications-Utility Company, Warren Electric of Louisiana, Warren Electric of Texas, Warren del Caribe and Thompson Real Estate (warrenelectric.com). There are many suggestions that could be given to Warren Electric. One suggestion is that they need to be careful of the huge logistics problem that exists when acquisitions occur. Sales areas and integrated supply procedures could very well contradict each other in this ever-changing environment. Warren Electric needs to focus on their core competencies and increase value-added services to their customers if they expect to remain competitive in the electronic distribution field.

Free Essays on Y2K

Today, well into the third second year of the 21st century, many businesses and governments are breathing a sigh of relief that the millennium has passed without any of the predicted 'Y2K' disasters - planes falling out of the sky, ice boxes and other household gismos going wild , the whole economy coming to a screeching halt, etc. The businesses and governments worldwide had spent billions of dollars and tens of thousands of man-hours trying to ensure 'Y2K' compliance. The press and "experts" of academia took their age-old COBOL bashing to a new height and intensity and created the 'Y2K crisis'. COBOL was made out to be the mother of all evils in the computer world. Rear Admiral Grace Hopper, the first female admiral of the US Navy, was the mother of COBOL (Common Business Oriented Language). COBOL was 'invented' out of her Flow-Matic program, which was developed by her to teach computers plain English commands. The Conference on Data Systems Languages (CODASYL) was set up under the DOD sponsorship. On May 28, 1959, the University of Pennsylvania. The first meeting was convened by Admiral Hooper representing the Department of Defense (DOD). CODASYL was made of independent language experts and information technology technicians from commercial-industry, finance, manufacturing, retail, computer software vendors, government, and academia. Its main mission was to correct a deficiency of computer language standards in the field and to formulate a common business programming language. The initial specifications for COBOL were presented by CODASYL in April of 1960. It was designed to be a business language that was problem oriented and machine independent. COBOL was designed for continuous changes and development. COBOL was an effort to make a programming language that was like natural English, easy to write and easier to read so that even the user can read the source and see exactly what the computer is doing or supposed to do. An i... Free Essays on Y2K Free Essays on Y2K Today, well into the third second year of the 21st century, many businesses and governments are breathing a sigh of relief that the millennium has passed without any of the predicted 'Y2K' disasters - planes falling out of the sky, ice boxes and other household gismos going wild , the whole economy coming to a screeching halt, etc. The businesses and governments worldwide had spent billions of dollars and tens of thousands of man-hours trying to ensure 'Y2K' compliance. The press and "experts" of academia took their age-old COBOL bashing to a new height and intensity and created the 'Y2K crisis'. COBOL was made out to be the mother of all evils in the computer world. Rear Admiral Grace Hopper, the first female admiral of the US Navy, was the mother of COBOL (Common Business Oriented Language). COBOL was 'invented' out of her Flow-Matic program, which was developed by her to teach computers plain English commands. The Conference on Data Systems Languages (CODASYL) was set up under the DOD sponsorship. On May 28, 1959, the University of Pennsylvania. The first meeting was convened by Admiral Hooper representing the Department of Defense (DOD). CODASYL was made of independent language experts and information technology technicians from commercial-industry, finance, manufacturing, retail, computer software vendors, government, and academia. Its main mission was to correct a deficiency of computer language standards in the field and to formulate a common business programming language. The initial specifications for COBOL were presented by CODASYL in April of 1960. It was designed to be a business language that was problem oriented and machine independent. COBOL was designed for continuous changes and development. COBOL was an effort to make a programming language that was like natural English, easy to write and easier to read so that even the user can read the source and see exactly what the computer is doing or supposed to do. An i... Free Essays on Y2K CHAPTER 1 Introduction The year 2000 computer issue is defined by Zetlin (1998) as â€Å"the result of a universal programming standard that records dates as six digits rather than eight, using only two digits for the year. Software that uses two-digit year fields (that is, almost all of it) will understand the year 2000 as â€Å"00† if the problem is not corrected in time† (pg. 1). The medical industry as a whole will approach year 2000 with months of new system implementations and developing contingency plans to deal with problems associated with Y2K. Medical manufacturers must pay close attention to the way medical facilities plan for Y2K. The variances in facilities ordering patterns due to Y2K could affect the medical manufacturers forecasts and inventory levels leading to a shortage of supplies. Also computer system compliance issues could result in loss of medical records or critical medical equipment failure. Manufacturers typically use historical usage to forecast for the coming year. However, with potential changes in ordering patterns, some adjustments may be necessary to meet customers’ needs. In addition, computer systems must be Y2K compliant to ensure Electronic Data Interface (EDI) which is used to exchanges computer data will function properly and patients health will not be at risk. For the purpose of this study, I have created a ficticious medical supply manufacturer, Equiptek Industries, which will be located in the eastern part of the United States. Background Medical facilities across the United States are concerned with critical date sensitive medical devices and products availability as January 1, 2000 approaches. Hospital concerns include issues such as the scheduling of elective procedures and supply issues with manufactures. Elective procedures are medical procedures that are non-emergency and can, if necessary, be postponed. Laura Bruce (1999) states â€Å"Have extra staff on hand and don...

Canadian Standards Association (CSA) Article Example | Topics and Well Written Essays - 250 words

Canadian Standards Association (CSA) - Article Example almost everything that a business or industry handles and a consumer benefits from; â€Å"from toasters to transformers, sewer pipes to sewing machines and light to lumber† (Griffin, 15). The CSA mark of standard can be found on â€Å"more than a billion products around the world† (Griffin, 15). The international counterpart of the organization â€Å"tests and certifies products to national, regional and international standards† (Griffin, 15). This in turn helps to ensure â€Å"public safety and health†, better the â€Å"quality of life†, and conserve environmental health (Griffin, 15). The role of the organization has been defined as to â€Å"foster operational excellence† (Griffin, 15). CSA provides standards for many aspects of a renovation project. As detailed in the CSA website, CSA.CA.com, CSA has set standards for building construction, the Z320-11, Building Commissioning Standard and Check Sheets 2011. There is also a detailed set of guidelines, CSAZ8000, published specifically in the context of renovation of health care facilities, for essential electrical systems, heating, ventilation, air-conditioning, handling of waste materials, infection control, plumbing installations, and medical gas-pipeline systems. A renovator can follow these standards to ensure quality and safety. They help the renovator to know â€Å"if the technical functions associated with their major systems were safe and fully operational,† as suggested in the CSA website, CSA.CA.com. These standards approach the buildings and their entire operational systems from a holistic perspective, says the CSA website, CSA.CA.com. The website also explains that the â€Å"major building system s† that come under these guidelines are: It is also observed in the CSA website, CSA.CA.com, that â€Å"the intent of this Standard is to provide a comprehensive, integrated, consistent, and managed process to ensure and document the performance of a complete building and its major systems in meeting the basis of

Finance is an important sector in the business environment Essay

Finance is an important sector in the business environment - Essay Example Limits to arbitrage A limit of arbitrage is the maintenance of price at non-equilibrium for a certain period due to the restriction of funds. The market sets prices for given products which when they go low due to mispricing traders experience a low-risk profit assumes that whenever the mispricing of the public stocks. Rational firms work with professional money management firms to ensure the proper management of other people’s money. The low risk profit generates from rational traders if the equilibrium. If firms engage in arbitrage in a reaction bid, it leads to a stock mispricing extending for a period. Clients withdraw from investing as they anticipate a loss by investing. To ensure the funds are delivered on time, a manager must anticipate a loss while stabilizing a sale. A threat of this action on the corporate society works with the finance industry to supply the stock, development, manufacture, and distribution. Corporate and shareholders work together to form an ancil lary business help in different stages in the supply. The finance industry deals with health hence it is about people. The industry is beneficial to the public hence remains important to the public. Products and services have saved millions of lives over the years. The profit expectancy increases with lowered losses by situations such as market fluctuations and poor investment planning (Davidson, Goldstein and Kenney 56). 2.1. Market efficiency Money put in the stock market is supposed to generate return on the capital invested. Investors try to make a profit while ensuring that they outperform the current market. Market efficiency comes with formulating efficient market efficiency. Market controls the new entrants in terms of products and services. Introduction of new products gives the option to people to live better lives enjoying a longer life. In developed countries, marketing has enhanced the spread of marketing methods such as sales people, and print advertising, which domina ted the advertising industry decades ago. The success of marketing growth attributes to the investments put into the industry. Businesses work with investment industry to offer investments care to clients. This is under the law as it involves business remains responsible for the stock market provided to the public. Segmentation of the drug market rates using geography and demography also assists individuals to reach available stock for sale. The profiles of markets in developing and developed countries offer a difference in the methods of analysis. Non-communicable products form a segment for businesses to invest in. investing in the medical areas brings a safe haven for patients. For instance, products in the medical industry such as diabetes, obesity and respiratory products, and cardiovascular products have different markets compared to other products including marketing and efficiency (Francis 117). 2.2. Theory The theory of efficient marketing in behavioral finance changes the thinking methodology towards investment. The studies affect the cognitive, emotional and social economic decisions made by individuals. Rationality and equilibrium in neoclassical economics is a vast understanding of both micro and macroeconomics. The reaction of individual and firms towards purchase highly depends on the capability to provide vast information on the given trends. The paper will give a detailed study on

Ethical, legal and professional considerations Coursework

Ethical, legal and professional considerations - Coursework Example software development is a set incremental and iterative method which is focused on the value of customers and interactions that turn it to a business reality following a particular plan. For a project which is meant to investigate methods of agile development, effects of using agile to improve IT and valuation of agile methods, there are a number of crucial considerations that can be focused on. They include legal considerations, professional considerations and ethical considerations. A systematic approach for dealing with any moral dimensions of any practice or activity is professionalizing. Software development is considered an emerging profession in engineering whereby a professional is expected to rely on common sense alongside time-honored experience other than relying application of scientific knowledge and principles and lack the essentials elements of a real professionalism. Any profession has a basic requirement for training and learning, a particular code of conduct that impose high standards, an effective disciplinary system meant for those people who breach the code, a basic emphasis on the social responsibility of a professional and finally licensing. Therefore, when a code of conduct is enforced in a profession or rather for given professionals, it has a significance impact on the professionals. To start with, it enables a professional to protect and serve the public by developing user friendly and less harmful software. Secondly, it enables a professional to inspire and provide guidance to other aspiring or junior professionals in the field. Moreover, enforcement of code of conduct enables professionals to arrive at or rather meet the set standards for a given profession; for this case Agile Software Development. Fourthly, it assists in giving moral support that is essential for validation of courageous decisions in line of duty. Finally, enforcing code of conduct in Agile Development educates and engenders mutual understanding among professionals

The Services Offered By Barclays Internet Banking Information Technology Essay

The Services Offered By Barclays Internet Banking Information Technology Essay In this report I seek to look at one of the big worldwide financial provider called Barclays and concentrate very much on its internet banking. Barclays has got 300 years of experience in banking (baclays.com 2010). Barclays bank offers internet banking and serves a large number of customers in the world. The report will also give an outline of the services offered by Barclays internet banking and a deep explanation will be given on how this internet banking is beneficial to the society. There are several services offered by Barclays internet banking. The internet banking services offered by Barclays are not different from the services offered by other banks which are involved in internet banking. Some of the transactions which can be done through internet banking are as follows (lawyerment.com); Furthermore, Barclays online banking allows the user to open his bank account, do savings and investments, pay loans and mortgages, pay insurance as well as to contact international banking. Barclays internet banking also allows students to have their students account, approve their loans, share trading and many more services. Extend to which internet banking is beneficial to society In order to give a judgment on the extent to which internet banking is beneficial to society, two things are to be considered. These are advantages and disadvantages of internet banking to society. The services offered by Barclay internet banking are advantageous to society and detrimental in another way. So in order for me to give a judgment on the extent to which this internet banking is beneficial to society , I will also use the advantages of internet banking as given at (Barclays.co.uk) as well as the general advantages and disadvantages of internet banking. ADVANTAGES OF INTERNET BANKING Convenient and easy Barclays bank provides free online banking and the services are given any time needed. With internet banking, the users can pay their bills, transfer their money, and check their balances while they are home. Whenever something urgent arises for example in paying the bills, users will not need to go to the bank but they can do their transactions right from their homes whenever they have access to internet. For some other people who go to work away from their bank branches, it becomes easy for them to access their accounts everywhere they are. It is also possible to use your mobile phone to access your bank information. Time efficient When opening an account, a lot of time is taken in doing the paper work. But using internet banking, the necessary procedures are clearly provided for users. In the case of Barclays, the necessary information for users is provided on the necessary websites. This makes it easy for business people because they dont waste most of their time standing on queue or finding where the bank is. Barclays provide information on how to get an online account. Safety Barclays provides safety for users of its internet banking services though many ways. These include making their regular checkup of their systems to make sure there are no problems, provision of security measures like automatic logoff, systems which can sense and protect the account from attack by internet hackers. The bank maximizes its risk management to make sure that every protective measure is done to ensure safety of the accounts. Furthermore enough information is given to people regarding how they should keep their login information- for example they should not send their login information to some people via some unnecessary and unprotected mails. Barclays takes its full responsibility in protecting the privacy of the users information. These include some warnings if the user does use the service unnecessarily. International banking With the globalization that is taking place in a fast growing world like this, people need everything to be fast. People now are contacting their business beyond their borders without any limitation. Internet banking allows users to access their banks accounts and do whatever transactions they want even though they are outside the country where their banks are. It is now easy to contact business from outside your country. In general, not all business has their braches all over the world but with internet banking it becomes possible to do everything from wherever you are. Accessibility With the fast growing world and technology, internet has become accessible to large parts of the world. Internet services are offered 24 hours every day in many parts of the world. Provided the availability of internet access, all users can log into their respective accounts. Value Internet banking is beneficial to people in the sense that the running costs are less. When using other banking ways, will need to pay a certain amount of money to go to a bank to transfer money, or to go where there is an Automated Machine to make a transfer. But using online banking all these can be performed while lying on your bed. DISADVANTAGES OF INTERNET BANKING Forgery Many cases are reported about the forgery that takes place in online banking. With the advancing technology many people have devised some websites they can use to access other peoples user names and passwords. As a result if the banks do not have strong safety measures against this many people would lose their money as a result of hackers. However as I said reputable banks like Barclays have also devised safety measures against hackers. These include automatic log off, sites which detect hackers, protection of users privacy, teaching users how to protect their computers from hackers and so on. Less trust People in general do not put much trust in machine than they put on people. So the reason why there are only few people doing online banking, its because less trust is given to the way these machines operate. So many people will not want to take risks by doing online banking. CONCLUSION I have used Barclay bank as one of the major financial provider using internet banking. With the information that I obtained from the Barclays websites as well as other reputable websites in an effort to find out to what extend internet banking is beneficial to society. I have included several services offered by internet banking which included paying of bills, making of transfers and so on. Then in answering to what extend online banking is beneficial, I searched the advantages and disadvantages as shown above, some advantages included how easy it is to do all your transactions anytime , anywhere as covered in convenience . For disadvantages I also included the risk of forgery that can be done by other people to obtain other peoples login details and use them to steal their money. However after weighing the advantages and disadvantages I discovered that there are more benefits than disadvantages of internet banking to society. In conclusion, internet banking is beneficial to the society to a greater extend.

Reggae got Blues :: essays papers

Reggae got Blues Introduction No food on my table, no shoes to go on my feet No food on my table and no shoes to go on my feet, My children cry for mercy, Lord they ain't got no place to call their own. The blues arose as both a social protest and a means for expression by the Afro-American slave. The institution of slavery had existed before the trans-Atlantic slave trade, but never before had a race suffered such discrimination; oppression and poverty as the West Africans have endured for the last four hundred years. " The African’s sole purpose in America was, for the most part, to provide the cheapest agricultural labor possible to procure"(Baraka, 3). Previous forms of slavery (Roman and Greek) utilized the intellectual capability of slaves, where as the institution of slavery in the Americas treated slaves like that of property, a master would relate to his slave as, ". if you twist the knob on your radio you expect it to play"(Baraka, 3). This, the non-human view of slaves that existed, viewed Africans as heathens and thought them to be primitive and inferior to the Euro-American. These so-called nonliterate peoples whose traditional histories were passed down generati on to generation through oral tradition, were seen as primitive to the highly industrialized Euro-Americans. The profound beliefs and concepts of one culture (African) become absurd and intangible for a complete opposite culture (Euro-American)(Baraka, 7). Not only were the West Africans aliens to the their physical surroundings but aliens to a new "philosophical system"(Baraka, 7). With this in mind the West Africans who survived the western passage across the Atlantic to the Mississippi Delta had found a similar Jamaican Babylon and, " Lord they ain’t got no place to call there own". The blues are an extension of the West African oral tradition through spirituals, worksongs, seculars, and field hollers. From the late eighteen hundreds to the mid twentieth century afro- American’s have been slaves to King Cotton in the form of bound slavery, tenant farming and sharecropping. The endless cycle of debt, has Blues music centered on movement from oppression, and poverty w hile the protest may not always take serious form. I will examine the music of the Delta blues looking for connections to the mento/early reggae era in religious, social and lastly lyrical context. RELIGION African religions usually have a tight fit with a particular culture, language and belief system.

Factors of courage Essay

In this essay I will consider the social, economic and political factors of courage. Many an afternoon has been enjoyed by a family, bonding over the discussion of courage. While much has been written on its influence on contemporary living, it is important to remember that ‘what goes up must come down.’ Often it is seen as both a help and a hinderence to those politicaly minded individuals living in the past, many of whom fail to comprehend the full scope of courage. At the heart of the subject are a number of key factors. I plan to examine each of these factors in detail and and asses their importance. Social Factors Society begins and ends with courage. The immortal and indispensable phrase ‘honesty is the best policy’ [1] shead new light on courage, allowing man to take it by the hand and understand its momentum. Much has been said about the influence of the media on courage. Observers claim it is crunchy on the outside but soft in the middle. Nothing represents every day life better than courage, and I mean nothing. Just as a dog will return to its own sick, society will return to courage, again and again. Economic Factors Economics has been defined as ‘I’ll scratch your back if you scratch mine.’ To my learned ear that sounds like two people with itchy backs. Of course, courage fits perfectly into the Inter-Spam model of economics. The statistics make it clear that courage is a major market factor. In spite of the best efforts of The World Bank the cost of living world wide are driven entirely by courage. The financial press seems unable to make up its mind on these issues which unsettles investors. Political Factors No man is an island, but what of politics? Comparing the ideals of the young with the reality felt by their elders is like contrasting playing with a puppy and singing with a blackbird. In the words of one of the great political analysts Odysseus T. Time ‘Political idealists must ideally deal, for I daily list my ideals politically.’ [2] This clearly illustrates the primary concern of those involved with courage. It would be wise to approach the subject with the thought that ‘if you don’t have anything nice to say, don’t say anything at all’. However this can lead to missing out important facts. I wait anxiously. What will the next few years bring for courage? Conclusion What can we conclude? Well, courage is, to use the language of the streets ‘Super Cool.’ It inspires, brings glamour to an unglamorous time and is a joy to behold. I’ll leave you with this quote from Leonardo Beckham: ‘It’s been nice educating you.’ [3] [1] Traditional – possibly first said by King Arthor†¦ but probably not. [2] Time – Yes Indeed – 1987 Indegro Books [3] Smashing Hits – Issue 224 – Jazz Media

Do you belive that Opedius is essays

Do you belive that Opedius is essays Pier Paolo Pasolini created a film based on the play Oedipus Rex by Sophocles. This film is considered one of the finest renderings of a classical Greek subject that the cinema has ever produced. Pasolini has in this film rearranged the flow of events, so that they follow the chronological order. The story starts with the shepherd carrying a child to the desert, while in the original myth from Sophocles the point of departure is different; the messenger come to ask Oedipus for help in saving the dying city. Furthermore Pasolini adds a modern prologue and epilogue, which are brilliantly lyrical and charged with great intensity of personal feeling. Pasolinis Oedipus Rex may be taken to be as much about Pasolini himself as about Sophocles hero. According to Pasolini this film is the most autobiographical of all his creation. One of Pasolinis claims about his film was that the little boy of the prologue is himself, the boys father is his father, and the mother is his own mother. Oedipus is born into circumstances of Pasolinis childhood, with his parents clothes in the film inspired by photographs of Pasolinis parents. Pasolini tried to create his own form of Oedipus; he wanted to avoid any connections that the audience could make with the original story. For this reason the location where the story was filmed was moved from Greece to Morocco. In portraying Oedipus, Pasolini had made some insertions into the story. Somewhere at the beginning of the story line he presents Oedipus at the age of 20 throwing discus at the competition and what was significant about this event was the cheating of Oedipus. This fact might suggest to us that Pasolini didnt think that Oedipus is a completely innocent, but.... Oedipus is allowed to kill in the film by Pasolini, in order to defend his pride, but is the killing the act of the innocent person or does Pasolini ...

America And Romes Struggles essays

America And Rome's Struggles essays Compare the early Roman struggle for independence to that of colonial Americas. What similarities do you see in the Roman and colonist outlook on their future government? There are many similarities between America and Romes attempts at independence. First, a higher party oppressed both. For the Romans, it was the Etruscans, while it was the British for the colonists. Both also shape how Romans and Americans lived their lives. In the sixth century B.C., the Etruscans moved south across the Tiber River and conquered Rome. They set up a monarchy that lasted for more than a hundred years. The Etruscans had an enormous political, cultural, and social effect on early Roman culture. The Etruscans adopted many of their ideas from the Greeks, including the Phoenician alphabet, and incorporated many of the Olympian Gods into their religion. The Etruscans also taught the Romans how to the arch in the building and also how to set up forums. In 509 B.C., the Romans overthrew the Etruscan monarchy and developed a republic. In a republic, the citizens elected the representatives to run the government. The American Revolution (1775-1783) was the conflict between the 13 American Colonies and Great Britain. The first war between the two, the Revolutionary War, resulted in America gaining independence from its mother country, Britain. Then in 1787, the Constitution was laid out by the American government. This led to the formation of the representative democracy that is still used by our government today. The similarities between the two are fairly clear. Both Rome and the Colonies felt that they were being held down for too long under a monarchy and that they did not receive enough rights. They eventually gained enough support to lead a revolution against its oppressor. Once the English and Etruscans were defeated, the people set up governments that gave the average citizen a say in politic ...

Foundations of Accounting Essay Example | Topics and Well Written Essays - 1000 words

Foundations of Accounting - Essay Example and not as cash or its equivalent is received or paid) and they are recorded in the accounting records and reported in the financial statements of the periods to which they relate†. It’s important that the there should not be any misleading through the concealment of accrued expenses or through overstated income by false profits. Contingencies and commitments should be disclosed in the form of note, if any. The current ratio, the liquid or acid test ratio and the stock turnover basically considered as the short term liquidity ratios as they are used to calculate the ability of a company to meet its current liabilities with its current assets. Enough cash must be available to payoff the short term liability like trade creditors usually within 12 months including those who required immediate payments like of 2to 3 months. A ratio of between 1.5:2 and 2:1 are considered reasonable (Randall).while a current ratio in excess of 2:1, shows that the resources are not efficiently used and the investment is tied up in huge stocks , debtors or unnecessary accumulation of cash in banks. As evident from the figures, the current ratio incase of poodle ltd of 1.5:1 is acceptable while incase of Collie limited it should be decreased by 0.5, i.e. it has to be around 2:1, so as to be acceptable. Liquid ratios are generally calculated to check the ability of the company to meet its current debt through the current assets other than stock. The purpose is to assess that whether is an unnecessary accumulation of stock or not. It may be either of raw material or WIP or even of finished goods. A liquid ratio of 1:1 is usually considered satisfactory but it can decrease till 0.9:1 (Randall), provided that there the provision for doubtful debts is not very high, i.e. the prompt payment from the customers is expected. It indicates the average no days the inventory is tied up in the Store room. Usually the higher the inventory level the better it will be but in some cases

Control Essay Example | Topics and Well Written Essays - 250 words

Control - Essay Example In addition, the system indicates if teaching is meeting the needs of the students. Lavigne (96) argued that implementing diagnostic control system is through giving out anonymous online evaluations and surveys so the professor will be able to understand which area he or she can improve on. I support the diagnostic control system since it is confidential and free from external influence. The system gives the best judgment and evaluation of the professor by the students. It is, however, prone to students’ personal prejudice and attitude towards the professor. Many students tend to rate highly those professors whose courses perform well (Lavigne 100). The diagnostic control system, as a result, favors exam based learning where students mainly learn how to pass exams. However, I argue that a good professor should not only teach but also be instrumental in his or her students’ excellent performance in class. It is only through the excellence in class and a mastery of the course by the students that the same students can measure a professor’s