Thursday, October 10, 2019
A Game of Thrones Chapter Six
Catelyn Of all the rooms in Winterfell's Great Keep, Catelyn's bedchambers were the hottest. She seldom had to light a fire. The castle had been built over natural hot springs, and the scalding waters rushed through its walls and chambers like blood through a man's body, driving the chill from the stone halls, filling the glass gardens with a moist warmth, keeping the earth from freezing. Open pools smoked day and night in a dozen small courtyards. That was a little thing, in summer; in winter, it was the difference between life and death. Catelyn's bath was always hot and steaming, and her walls warm to the touch. The warmth reminded her of Riverrun, of days in the sun with Lysa and Edmure, but Ned could never abide the heat. The Starks were made for the cold, he would tell her, and she would laugh and tell him in that case they had certainly built their castle in the wrong place. So when they had finished, Ned rolled off and climbed from her bed, as he had a thousand times before. He crossed the room, pulled back the heavy tapestries, and threw open the high narrow windows one by one, letting the night air into the chamber. The wind swirled around him as he stood facing the dark, naked and empty-handed. Catelyn pulled the furs to her chin and watched him. He looked somehow smaller and more vulnerable, like the youth she had wed in the sept at Riverrun, fifteen long years gone. Her loins still ached from the urgency of his lovemaking. It was a good ache. She could feel his seed within her. She prayed that it might quicken there. It had been three years since Rickon. She was not too old. She could give him another son. ââ¬Å"I will refuse him,â⬠Ned said as he turned back to her. His eyes were haunted, his voice thick with doubt. Catelyn sat up in the bed. ââ¬Å"You cannot. You must not.â⬠ââ¬Å"My duties are here in the north. I have no wish to be Robert's Hand.â⬠ââ¬Å"He will not understand that. He is a king now, and kings are not like other men. If you refuse to serve him, he will wonder why, and sooner or later he will begin to suspect that you oppose him. Can't you see the danger that would put us in?â⬠Ned shook his head, refusing to believe. ââ¬Å"Robert would never harm me or any of mine. We were closer than brothers. He loves me. If I refuse him, he will roar and curse and bluster, and in a week we will laugh about it together. I know the man!â⬠ââ¬Å"You knew the man,â⬠she said. ââ¬Å"The king is a stranger to you.â⬠Catelyn remembered the direwolf dead in the snow, the broken antler lodged deep in her throat. She had to make him see. ââ¬Å"Pride is everything to a king, my lord. Robert came all this way to see you, to bring you these great honors, you cannot throw them back in his face.â⬠ââ¬Å"Honors?â⬠Ned laughed bitterly. ââ¬Å"In his eyes, yes,â⬠she said. ââ¬Å"And in yours?â⬠ââ¬Å"And in mine,â⬠she blazed, angry now. Why couldn't he see? ââ¬Å"He offers his own son in marriage to our daughter, what else would you call that? Sansa might someday be queen. Her sons could rule from the Wall to the mountains of Dorne. What is so wrong with that?â⬠ââ¬Å"Gods, Catelyn, Sansa is only eleven,â⬠Ned said. ââ¬Å"And Joffrey . . . Joffrey is . . . ââ¬Å" She finished for him. â⬠. . . crown prince, and heir to the Iron Throne. And I was only twelve when my father promised me to your brother Brandon.â⬠That brought a bitter twist to Ned's mouth. ââ¬Å"Brandon. Yes. Brandon would know what to do. He always did. It was all meant for Brandon. You, Winterfell, everything. He was born to be a King's Hand and a father to queens. I never asked for this cup to pass to me.â⬠ââ¬Å"Perhaps not,â⬠Catelyn said, ââ¬Å"but Brandon is dead, and the cup has passed, and you must drink from it, like it or not.â⬠Ned turned away from her, back to the night. He stood staring out in the darkness, watching the moon and the stars perhaps, or perhaps the sentries on the wall. Catelyn softened then, to see his pain. Eddard Stark had married her in Brandon's place, as custom decreed, but the shadow of his dead brother still lay between them, as did the other, the shadow of the woman he would not name, the woman who had borne him his bastard son. She was about to go to him when the knock came at the door, loud and unexpected. Ned turned, frowning. ââ¬Å"What is it?â⬠Desmond's voice came through the door. ââ¬Å"My lord, Maester Luwin is without and begs urgent audience.â⬠ââ¬Å"You told him I had left orders not to be disturbed?â⬠ââ¬Å"Yes, my lord. He insists.â⬠ââ¬Å"Very well. Send him in.â⬠Ned crossed to the wardrobe and slipped on a heavy robe. Catelyn realized suddenly how cold it had become. She sat up in bed and pulled the furs to her chin. ââ¬Å"Perhaps we should close the windows,â⬠she suggested. Ned nodded absently. Maester Luwin was shown in. The maester was a small grey man. His eyes were grey, and quick, and saw much. His hair was grey, what little the years had left him. His robe was grey wool, trimmed with white fur, the Stark colors. Its great floppy sleeves had pockets hidden inside. Luwin was always tucking things into those sleeves and producing other things from them: books, messages, strange artifacts, toys for the children. With all he kept hidden in his sleeves, Catelyn was surprised that Maester Luwin could lift his arms at all. The maester waited until the door had closed behind him before he spoke. ââ¬Å"My lord,â⬠he said to Ned, ââ¬Å"pardon for disturbing your rest. I have been left a message.â⬠Ned looked irritated. ââ¬Å"Been left? By whom? Has there been a rider? I was not told.â⬠ââ¬Å"There was no rider, my lord. Only a carved wooden box, left on a table in my observatory while I napped. My servants saw no one, but it must have been brought by someone in the king's party. We have had no other visitors from the south.â⬠ââ¬Å"A wooden box, you say?â⬠Catelyn said. ââ¬Å"Inside was a fine new lens for the observatory, from Myr by the look of it. The lenscrafters of Myr are without equal.â⬠Ned frowned. He had little patience for this sort of thing, Catelyn knew. ââ¬Å"A lens,â⬠he said. ââ¬Å"What has that to do with me?â⬠ââ¬Å"I asked the same question,â⬠Maester Luwin said. ââ¬Å"Clearly there was more to this than the seeming.â⬠Under the heavy weight of her furs, Catelyn shivered. ââ¬Å"A lens is an instrument to help us see.â⬠ââ¬Å"Indeed it is.â⬠He fingered the collar of his order; a heavy chain worn tight around the neck beneath his robe, each link forged from a different metal. Catelyn could feel dread stirring inside her once again. ââ¬Å"What is it that they would have us see more clearly?â⬠ââ¬Å"The very thing I asked myself.â⬠Maester Luwin drew a tightly rolled paper out of his sleeve. ââ¬Å"I found the true message concealed within a false bottom when I dismantled the box the lens had come in, but it is not for my eyes.â⬠Ned held out his hand. ââ¬Å"Let me have it, then.â⬠Luwin did not stir. ââ¬Å"Pardons, my lord. The message is not for you either. It is marked for the eyes of the Lady Catelyn, and her alone. May I approach?â⬠Catelyn nodded, not trusting to speak. The maester placed the paper on the table beside the bed. It was sealed with a small blob of blue wax. Luwin bowed and began to retreat. ââ¬Å"Stay,â⬠Ned commanded him. His voice was grave. He looked at Catelyn. ââ¬Å"What is it? My lady, you're shaking.â⬠ââ¬Å"I'm afraid,â⬠she admitted. She reached out and took the letter in trembling hands. The furs dropped away from her nakedness, forgotten. In the blue wax was the moon-and-falcon seal of House Arryn. ââ¬Å"It's from Lysa.â⬠Catelyn looked at her husband. ââ¬Å"It will not make us glad,â⬠she told him. ââ¬Å"There is grief in this message, Ned. I can feel it.â⬠Ned frowned, his face darkening. ââ¬Å"Open it.â⬠Catelyn broke the seal. Her eyes moved over the words. At first they made no sense to her. Then she remembered. ââ¬Å"Lysa took no chances. When we were girls together, we had a private language, she and I.â⬠ââ¬Å"Can you read it?â⬠ââ¬Å"Yes,â⬠Catelyn admitted. ââ¬Å"Then tell us.â⬠ââ¬Å"Perhaps I should withdraw,â⬠Maester Luwin said. ââ¬Å"No,â⬠Catelyn said. ââ¬Å"We will need your counsel.â⬠She threw back the furs and climbed from the bed. The night air was as cold as the grave on her bare skin as she padded across the room. Maester Luwin averted his eyes. Even Ned looked shocked. ââ¬Å"What are you doing?â⬠he asked. ââ¬Å"Lighting a fire,â⬠Catelyn told him. She found a dressing gown and shrugged into it, then knelt over the cold hearth. ââ¬Å"Maester Luwinââ¬ââ⬠Ned began. ââ¬Å"Maester Luwin has delivered all my children,â⬠Catelyn said. ââ¬Å"This is no time for false modesty.â⬠She slid the paper in among the kindling and placed the heavier logs on top of it. Ned crossed the room, took her by the arm, and pulled her to her feet. He held her there, his face inches from her. ââ¬Å"My lady, tell me! What was this message?â⬠Catelyn stiffened in his grasp. ââ¬Å"A warning,â⬠she said softly. ââ¬Å"If we have the wits to hear.â⬠His eyes searched her face. ââ¬Å"Go on.â⬠ââ¬Å"Lysa says Jon Arryn was murdered.â⬠His fingers tightened on her arm. ââ¬Å"By whom?â⬠ââ¬Å"The Lannisters,â⬠she told him. ââ¬Å"The queen.â⬠Ned released his hold on her arm. There were deep red marks on her skin. ââ¬Å"Gods,â⬠he whispered. His voice was hoarse. ââ¬Å"Your sister is sick with grief. She cannot know what she is saying.â⬠ââ¬Å"She knows,â⬠Catelyn said. ââ¬Å"Lysa is impulsive, yes, but this message was carefully planned, cleverly hidden. She knew it meant death if her letter fell into the wrong hands. To risk so much, she must have had more than mere suspicion.â⬠Catelyn looked to her husband. ââ¬Å"Now we truly have no choice. You must be Robert's Hand. You must go south with him and learn the truth.â⬠She saw at once that Ned had reached a very different conclusion. ââ¬Å"The only truths I know are here. The south is a nest of adders I would do better to avoid.â⬠Luwin plucked at his chain collar where it had chafed the soft skin of his throat. ââ¬Å"The Hand of the King has great power, my lord. Power to find the truth of Lord Arryn's death, to bring his killers to the king's justice. Power to protect Lady Arryn and her son, if the worst be true.â⬠Ned glanced helplessly around the bedchamber. Catelyn's heart went out to him, but she knew she could not take him in her arms just then. First the victory must be won, for her children's sake. ââ¬Å"You say you love Robert like a brother. Would you leave your brother surrounded by Lannisters?â⬠ââ¬Å"The Others take both of you,â⬠Ned muttered darkly. He turned away from them and went to the window. She did not speak, nor did the maester. They waited, quiet, while Eddard Stark said a silent farewell to the home he loved. When he turned away from the window at last, his voice was tired and full of melancholy, and moisture glittered faintly in the corners of his eyes. ââ¬Å"My father went south once, to answer the summons of a king. He never came home again.â⬠ââ¬Å"A different time,â⬠Maester Luwin said. ââ¬Å"A different king.â⬠ââ¬Å"Yes,â⬠Ned said dully. He seated himself in a chair by the hearth. ââ¬Å"Catelyn, you shall stay here in Winterfell.â⬠His words were like an icy draft through her heart. ââ¬Å"No,â⬠she said, suddenly afraid. Was this to be her punishment? Never to see his face again, nor to feel his arms around her? ââ¬Å"Yes,â⬠Ned said, in words that would brook no argument. ââ¬Å"You must govern the north in my stead, while I run Robert's errands. There must always be a Stark in Winterfell. Robb is fourteen. Soon enough, he will be a man grown. He must learn to rule, and I will not be here for him. Make him part of your councils. He must be ready when his time comes.â⬠ââ¬Å"Gods will, not for many years,â⬠Maester Luwin murmured. ââ¬Å"Maester Luwin, I trust you as I would my own blood. Give my wife your voice in all things great and small. Teach my son the things he needs to know. Winter is coming.â⬠Maester Luwin nodded gravely. Then silence fell, until Catelyn found her courage and asked the question whose answer she most dreaded. ââ¬Å"What of the other children?â⬠Ned stood, and took her in his arms, and held her face close to his. ââ¬Å"Rickon is very young,â⬠he said gently. ââ¬Å"He should stay here with you and Robb. The others I would take with me.â⬠ââ¬Å"I could not bear it,â⬠Catelyn said, trembling. ââ¬Å"You must,â⬠he said. ââ¬Å"Sansa must wed Joffrey, that is clear now, we must give them no grounds to suspect our devotion. And it is past time that Arya learned the ways of a southron court. In a few years she will be of an age to marry too.â⬠Sansa would shine in the south, Catelyn thought to herself, and the gods knew that Arya needed refinement. Reluctantly, she let go of them in her heart. But not Bran. Never Bran. ââ¬Å"Yes,â⬠she said, ââ¬Å"but please, Ned, for the love you bear me, let Bran remain here at Winterfell. He is only seven.â⬠ââ¬Å"I was eight when my father sent me to foster at the Eyrie,â⬠Ned said. ââ¬Å"Ser Rodrik tells me there is bad feeling between Robb and Prince Joffrey. That is not healthy. Bran can bridge that distance. He is a sweet boy, quick to laugh, easy to love. Let him grow up with the young princes, let him become their friend as Robert became mine. Our House will be the safer for it.â⬠He was right; Catelyn knew it. It did not make the pain any easier to bear. She would lose all four of them, then: Ned, and both girls, and her sweet, loving Bran. Only Robb and little Rickon would be left to her. She felt lonely already. Winterfell was such a vast place. ââ¬Å"Keep him off the walls, then,â⬠she said bravely. ââ¬Å"You know how Bran loves to climb.â⬠Ned kissed the tears from her eyes before they could fall. ââ¬Å"Thank you, my lady,â⬠he whispered. ââ¬Å"This is hard, I know.â⬠ââ¬Å"What of Jon Snow, my lord?â⬠Maester Luwin asked. Catelyn tensed at the mention of the name. Ned felt the anger in her, and pulled away. Many men fathered bastards. Catelyn had grown up with that knowledge. It came as no surprise to her, in the first year of her marriage, to learn that Ned had fathered a child on some girl chance met on campaign. He had a man's needs, after all, and they had spent that year apart, Ned off at war in the south while she remained safe in her father's castle at Riverrun. Her thoughts were more of Robb, the infant at her breast, than of the husband she scarcely knew. He was welcome to whatever solace he might find between battles. And if his seed quickened, she expected he would see to the child's needs. He did more than that. The Starks were not like other men. Ned brought his bastard home with him, and called him ââ¬Å"sonâ⬠for all the north to see. When the wars were over at last, and Catelyn rode to Winterfell, Jon and his wet nurse had already taken up residence. That cut deep. Ned would not speak of the mother, not so much as a word, but a castle has no secrets, and Catelyn heard her maids repeating tales they heard from the lips of her husband's soldiers. They whispered of Ser Arthur Dayne, the Sword of the Morning, deadliest of the seven knights of Aerys's Kingsguard, and of how their young lord had slain him in single combat. And they told how afterward Ned had carried Ser Arthur's sword back to the beautiful young sister who awaited him in a castle called Starfall on the shores of the SummerSea. The Lady Ashara Dayne, tall and fair, with haunting violet eyes. It had taken her a fortnight to marshal her courage, but finally, in bed one night, Catelyn had asked her husband the truth of it, asked him to his face. That was the only time in all their years that Ned had ever frightened her. ââ¬Å"Never ask me about Jon,â⬠he said, cold as ice. ââ¬Å"He is my blood, and that is all you need to know. And now I will learn where you heard that name, my lady.â⬠She had pledged to obey; she told him; and from that day on, the whispering had stopped, and Ashara Dayne's name was never heard in Winterfell again. Whoever Jon's mother had been, Ned must have loved her fiercely, for nothing Catelyn said would persuade him to send the boy away. It was the one thing she could never forgive him. She had come to love her husband with all her heart, but she had never found it in her to love Jon. She might have overlooked a dozen bastards for Ned's sake, so long as they were out of sight. Jon was never out of sight, and as he grew, he looked more like Ned than any of the trueborn sons she bore him. Somehow that made it worse. ââ¬Å"Jon must go,â⬠she said now. ââ¬Å"He and Robb are close,â⬠Ned said. ââ¬Å"I had hoped . . . ââ¬Å" ââ¬Å"He cannot stay here,â⬠Catelyn said, cutting him off. ââ¬Å"He is your son, not mine. I will not have him.â⬠It was hard, she knew, but no less the truth. Ned would do the boy no kindness by leaving him here at Winterfell. The look Ned gave her was anguished. ââ¬Å"You know I cannot take him south. There will be no place for him at court. A boy with a bastard's name . . . you know what they will say of him. He will be shunned.â⬠Catelyn armored her heart against the mute appeal in her husband's eyes. ââ¬Å"They say your friend Robert has fathered a dozen bastards himself.â⬠ââ¬Å"And none of them has ever been seen at court!â⬠Ned blazed. ââ¬Å"The Lannister woman has seen to that. How can you be so damnably cruel, Catelyn? He is only a boy. Heââ¬ââ⬠His fury was on him. He might have said more, and worse, but Maester Luwin cut in. ââ¬Å"Another solution presents itself,â⬠he said, his voice quiet. ââ¬Å"Your brother Benjen came to me about Jon a few days ago. It seems the boy aspires to take the black.â⬠Ned looked shocked. ââ¬Å"He asked to join the Night's Watch?â⬠Catelyn said nothing. Let Ned work it out in his own mind; her voice would not be welcome now. Yet gladly would she have kissed the maester just then. His was the perfect solution. Benjen Stark was a Sworn Brother. Jon would be a son to him, the child he would never have. And in time the boy would take the oath as well. He would father no sons who might someday contest with Catelyn's own grandchildren for Winterfell. Maester Luwin said, ââ¬Å"There is great honor in service on the Wall, my lord.â⬠ââ¬Å"And even a bastard may rise high in the Night's Watch,â⬠Ned reflected. Still, his voice was troubled. ââ¬Å"Jon is so young. If he asked this when he was a man grown, that would be one thing, but a boy of fourteen . . . ââ¬Å" ââ¬Å"A hard sacrifice,â⬠Maester Luwin agreed. ââ¬Å"Yet these are hard times, my lord. His road is no crueler than yours or your lady's.â⬠Catelyn thought of the three children she must lose. It was not easy keeping silent then. Ned turned away from them to gaze out the window, his long face silent and thoughtful. Finally he sighed, and turned back. ââ¬Å"Very well,â⬠he said to Maester Luwin. ââ¬Å"I suppose it is for the best. I will speak to Ben.â⬠ââ¬Å"When shall we tell Jon?â⬠the maester asked. ââ¬Å"When I must. Preparations must be made. It will be a fortnight before we are ready to depart. I would sooner let Jon enjoy these last few days. Summer will end soon enough, and childhood as well. When the time comes, I will tell him myself.ââ¬
Objectives of Firms Essay
Standard theory assumes that businesses have sufficient information, market power and (importantly) motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour, many are organised and operated in a way where profit is not the only objective. Key Point: There will always be a range of business objectives: 1. Profit maximisation (where MR=MC) 2. Revenue maximisation (sales revenue) ââ¬â where MR=zero 3. Increasing and protecting market share 4. Surviving an economic downturn / recession 5. Pursuing ethical business objectives (corporate social responsibility) 6. Providing a public service ââ¬â see later sections on nationalised (state-owned) industries Why might a business depart from profit maximisation? Some explanations relate to the lack of accurate information required to set profit maximising prices. Others concentrate on the alternative objectives of businesses. Imperfect information: It might be hard for a business to pinpoint their profit maximising output, as they cannot accurately calculate marginal revenue & cost. Day-to-day pricing decisions are taken on the basis of ââ¬Å"estimated demandâ⬠or ââ¬Å"rules of thumbâ⬠. A business might look to add a profit margin on top of average cost ââ¬â ââ¬Å"cost-plus pricingâ⬠. Multi-product businesses: Most businesses are multi-product firms operating in a range of markets across countries and continents ââ¬â the volume of information that they have to handle can be vast. And they must keep track of the ever-changing preferences of consumers. The idea that there is a neat, single profit maximising price is redundant. Behavioural Theories of the Firm Behavioural economists believe that large-scale businesses are complex organizations made up of various stakeholders ââ¬â i.e. groups who have a vested interest in the activity of a business. Examples include: Managers employed by a business and other employees Shareholders ââ¬â people who have an equity stake in a business Customers The government and itââ¬â¢s agencies including local government Each group is likely to have different objectives or goals at points in time. The dominant group at any moment can give greater emphasis to their own objectives ââ¬â for example price and output decisions may be taken at a local level by managers ââ¬â with shareholders taking only a distant and imperfectly informed view of the companyââ¬â¢s performance and strategy. If firms are likely to move away from pure profit maximising behaviour, what are the alternatives? 1. Satisficing behaviour is a term first coined by economist Hugo Simon ââ¬â when faced with a decision where the cost of identifying and pursuing the optimal choice is high. For business owners this might mean moving away from pure profit maximisation and choosing instead to aim for minimum acceptable levels of achievement in terms of revenue and profit. 2. Sales Revenue Maximisation The objective of maximising sales revenue rather than profits was developed by William Baumol whose work focused on the behaviour of manager-controlled businesses. Baumol argued that annual salaries and perks are linked to total sales revenue rather than profits. Companies geared towards maximising revenue are likely to make extensive use of price discrimination to extract extra revenue and profit from consumers. A firm might also aim to maximise sales revenue rather than profits because it wishes to deter the entry of new firms. If a firm decides to aim to maximise sales revenue rather than profits, one of the consequences might be a reduction in the price of the firmââ¬â¢s shares 3. Managerial Satisfaction model An alternative view was put forward by Oliver Williamson (1981), who developed the concept of managerial satisfaction (or managerial utility). This can be enhanced by raising sales revenue. Assuming that the firmââ¬â¢s costs remain the same, a firm will choose a lower price and supply a higher output when sales revenue maximisation is the main objective. The profit maximising price is P1 at output Q1, the revenue maximising price is P2 at output Q2 Consumer surplus is higher with sales revenue maximisation because output is higher and price is lower. Producer surplus is greater when profits are maximised. Social Entrepreneurs Michael Porter ââ¬â Shared Value and the Limitations of CSR Narrow views about how to create profit has created disconnect between businesses and society and needs to change according to Harvard Business School Professor Michael Porter. ââ¬Å"A growing number of companies known for their hard-nosed approach to businessââ¬âsuch as GE, Google, IBM, Intel, Johnson & Johnson, Nestlà ©, Unilever, and Wal-Martââ¬âhave already embarked on efforts to create shared value by looking again at the intersection between society and corporate performance.â⬠Shared value is creating economic value by creating social value In recent times, creating value has tended to focus on short-termist thinking ââ¬â Businesses have been long on driving huge sales and output volumes, downsize and de-layering inefficient management and generally responding to pressure from financial markets to deliver immediate results through cost-cutting, dynamic pricing and increasingly tough marketing that can often persuade people to buy things that are not good for them. This involves a recalibration and a rethinking about what a product really is and what needs a business is meeting, for example in the food industry, products that are nutritious and healthy rather than focus on volume, lower unit costs and higher profits. He notes to increasing prominence of social entrepreneurs with revenue generating business models. Consumers looking at the world differently and expressing their preferences in strong ways ââ¬â this is already having a direct effect on supermarket behaviour. A social enterprise is a business that has social objectives whose profits are reinvested for that purpose in the business or the community, rather than being driven by the need to seek profit to satisfy investors. Social entrepreneurs are looking to achieve social and environmental aims Not for Profit Businesses These are charities, community organisations that are run on commercial lines e.g. Network Rail: Network Rail: Their stated purpose is to deliver a safe, reliable and efficient railway for Britain They employ over 35,000 people with annual staff costs in excess of à £1.6bn It is a company limited by guarantee ââ¬â whose debts are secured by the government Network Rail operates as a commercial business and regulated by the Office of Rail Regulation Network Rail is a ââ¬Å"not-for-dividendâ⬠company ââ¬â profits are invested in the railway network. Train operating companies (TOCs) pay Network Rail for use of the rail infrastructure They are given targets for punctuality and safety In 2011 Network Rail made profits of à £750 million. It receives an annual subsidy from the UK government in excess of à £5 billion. Businesses required to main a loss-making service A good example here is the Royal Mail which is required to maintain a universal national postal delivery service throughout the UK for a uniform price. Household mail makes a loss, cross-subsidised by business mail ââ¬â although this market is shrinking for the Royal Mail because of the introduction of fresh competition from 2006. The Post Office Ltd is a subsidiary of the Royal Mail Group plc ââ¬â it runs substantial losses on the network or rural post offices and has been under great pressure to close hundreds of offices to stem losses.
Wednesday, October 9, 2019
Business Combinations Essay Example | Topics and Well Written Essays - 500 words
Business Combinations - Essay Example According to the FASB's website, this project is being deliberated due to the fact that the guidance provided in Statement 141 is believed to be inadequate or inconsistent with the conceptual framework. Therefore, the focus of this project is the issue of the existing guidance for applying the acquisition method. The primary objective of the project is to create a standard of accounting for business combinations that can be used for both domestic and global financial reporting. The goal is to establish a standard that encompasses a common set of principles and guidance that yields information useful for decision-making. Furthermore, the Boards believe a standard should improve the usability of financial information in regard to business combinations by explaining which assets and liabilities are to be recognized, by requiring that the assets obtained and the liabilities taken on are measured consistently and relevantly, and by ensuring that like events are comparably accounted for vi a a clearly defined scope of the standard. The Boards also made an assertion regarding the responsibilities of an acquirer once control of an acquiree is obtained. In addition, the recognition principle, fair value measurement principle, and disclosure principle were confirmed as the main principles for applying the acquisition method. b.
Tuesday, October 8, 2019
Analysis of Form Motors Company Research Paper Example | Topics and Well Written Essays - 1000 words
Analysis of Form Motors Company - Research Paper Example After a period of about ten years, the company began its assembly line notion of producing cars which led to the rapid expansion of the company (Cook, 2010). When Henry approached the age of 40, he created the Ford Company and its control has since remained within his family for the past century (Ford, 2007). The company has witnessed several developments since its establishment by introducing the first cars with engines having removable cylinder heads in the year 1908 and safety glasses in their windshields in the year 1930 (Banham, 2002). In the year 1932, the Ford Company then introduced vehicles that were powered using V8 engines that were low priced (Cook, 2010). From the year 1952, the Company started offering packages for life safety that included items like steering wheels that had deep-dishes, rear seatbelts and padded dashes for the first time in vehicles. The Company then started producing its Mustang brand in the year 1964 and the reminder light on seat belts in the follo wing year (Geyer, 2011). In the mid 1990ââ¬â¢s, the Company sold very many vehicles since the countryââ¬â¢s economy was performing well. ... The company was established by Henry Ford and was later on incorporated in the year 1903 on June 16th (Geyer, 2011). The company has purchased stakes in the Mazda Company located in Japan along with the Aston Martin Company that is located in the United Kingdom. The company additionally controls the Ford and Lincoln brands. However, the company is mainly controlled by members of the Ford family which owns the majority of the shares at the company (Ford, 2007). Through the usage of elaborate engineering manufacturing sequences referred to as assembly lines, the company was able to initiate the large scale manufacture of vehicles along with the management of their large workforce (Geyer, 2011). The company has risen over the years to become the second largest producer of automobiles in America and the fifth largest in the world. The Ford Company has opened manufacturing plants in many parts around the globe including China, Mexico, Turkey, Germany, Australia, Brazil, South Africa, Arge ntina along with Canada and the United Kingdom. The company employs over 165,000 workers and over seventy manufacturing plants around the globe. It additionally own subsidiary companies in countries such as China, Brazil and Mexico (Cook, 2010). Future Plans The Companyââ¬â¢s mission statement states that Ford will work as one team, under one plan and with one goal of achieving profitability while remaining relevant to the market (Banham, 2002). It stipulates that the Companyââ¬â¢s staff will work together as one team in order to achieve global leadership in their industry which will measured through their customer, suppliers, employees, unions, investor along with the societyââ¬â¢s satisfaction. Their unified plan implies that they will aggressively restructure their operations for the
Monday, October 7, 2019
Learning By Doing and Using Instructional Technologies Research Paper
Learning By Doing and Using Instructional Technologies - Research Paper Example à Introduction of microcomputers and internet has greatly influenced teaching and learning. Technology motivates students to learn since it encourages use of hands-on-technology activities making learners more autonomous. Appropriate use of technology in teaching motivates students since encourages creative methods of learning and enables students to remain attentive. Use of technology for teaching affects the learning process in different ways. The instructional methods are affected since teacher or educators act more like facilitators (Hung, 2001; Candace, Sheri, & Lane, 2011).Several theories relate the theories of learning to use technology in teaching. Educational theories embrace any phenomena that contribute to education in either philosophical or general approach. Instructional theories deal with aspects pertaining to instructions. The four main models of learning which include social constructivism, cognivitism, behaviorism, and constructivism form the framework of learnin g and teaching. The learning theories are distinct from the instructional approaches. Behaviorism and cognitivist models showed that the manner in which instructions are given determines the ease of learning. This is because the mind acts as an information processor. It is thus important to use technology base instruction approaches to encourage learners to reason.Constructivism and social constructivism models focus on the influence of interactions on learning or assimilation and accommodation of knowledge. People tend to interpret ideas depending on how they perceived them. Use of technology to provide instructions can thus aid learners in constructing knowledge as opposed to acquiring knowledge. Technology increases the level of interactions between teachers and students as well as amongst students (Clark & Mayer, 2008; Tennyson, 2010). Instructional technologies should consider the learning theories to encourage practice and feedback, promote self-regulated learning, employ cogn itive learning approaches, and provide frameworks that enable students discover different perspective and meanings of concepts (Candace, Sheri, & Lane, 2011). The theory of Project-Based Learning, which is based on John Deweyââ¬â¢s philosophy of learning by doing, supports use of instructional Technology. This theory promotes learning as a social activity that takes different context but encourages students to use previous experiences to explore, create, and interpret. Use of instructional technology encourages learners to use the different intelligences, which include musical, logical-mathematical, linguistic, body-kinesthetic, spatial, and interpersonal as well as the intrapersonal ones. The theory of Multiple Intelligences is another theory that encourages use of technology as a teaching tool. This theory encourages educators to adjust their teaching designs to incorporate facets such as use of instructi
Saturday, October 5, 2019
Planning and evaluation Assignment Example | Topics and Well Written Essays - 2500 words
Planning and evaluation - Assignment Example In order to evaluate the performance or effectiveness of the service, it is crucial consider the indicators of the service. Trivalent influenza vaccination, for instance, is one of the common types of vaccinations in Australia. The immunization helps to protect young children from respiratory viruses and untreatable infections. In order to monitor immunization effectiveness, an examination into the delivery and consumption of the vaccine is conducted by the relevant agencies. The aim of such examination is to determine the effective modalities of delivering the service to the population. In this perspective, the component of that helps in evaluation and monitoring and evaluation vital for the proper determination of the effectiveness of a service. Immunization is regarded as one of the basic methods of disease prevention. From childhood, an individualââ¬â¢s immune system is fortified from attack by the use of immunogens. As a preventive method, the evaluation of the effectiveness of immunization is quite difficult. Reason being; the performance of the process is based on the occurrence of the condition that it is supposed to protect. However, the delivery and consumption can be measured and evaluated. This paper gives a plan on the evaluation process that will be used in gaging the effectiveness of the immunization process The evaluation will cover the public immunization of infants specifically. At a more specific level, the effectiveness of trivalent influenza vaccination will be the focus of the evaluation. To determine the status of the vaccination, parents will take a questionnaire that will indicate the status of the vaccination of the child and the schedule of vaccination. Because the subjects of this research are infants, the investigation will be carried out at two levels. First, the prevalence of the diseases that can be
Friday, October 4, 2019
Concert Report Essay Example | Topics and Well Written Essays - 750 words - 5
Concert Report - Essay Example If technically superior and sophisticated, but with an accessibility that allows anyone to be able to listen and appreciate it. The evening was a pleasant and exciting event for music as jazz musician created a magical atmosphere. Listening to smooth jazz is similar to listening to pop music. The ways in which they are similar includes the easiness of listening, the simplicity that appears to be present even though there is obvious technical difficulty involved, and that it creates a sense of joy even when its being sorrowful or melancholy. Stetcu defined as smooth jazz as something that is driven by a popular audience appreciation (25). This in no way diminishes its presence, but instead provides a means for the principles of jazz to be more enjoyable as the composition takes its complexity and supports it with a lighter presentation. Most of the music that was playing seemed joyful. There is a certain amount of happiness that comes through this particular style of music that may not necessarily be in other forms of jazz. One of the interesting things of note was the way in which the drummer played. Some drummers tend to be extremely active and aggressive as they beat on the skins. Even during his solos, Ramon Banda was laid-back in the way which he approached his methods of play even though this sounds did not seem restrained. His solos flowed seamlessly into the rest of music as the other instruments dropped away and then joined him. This particular style was not necessarily aggressive, but that did not mean that his beat was repressed. He was constant and vigilant in the way in which he created an underlying rhythm. The duet between Henry Franklin and Gilbert Castallanos was in inspiring. The complexity of what they were playing created an overtone of the smooth jazz line with a sophistication that ran through
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