Is Sports A Good Thing Essay - 1148 Words

It can be inferred that sports is a social construct in which supporters acknowledge athletes for their talent and skill. As athletes are identified on the basis of membership of their sport and team, we as the general public, rarely acknowledge them as individuals. Rather, we decide when to individuate them –praising them when they shine a little a brighter than the rest, and when to chastise them because they went against the grain. When discussing the LGBTQ community and their involvement in sports, many thoughts come to mind, most of them negative with very few positive observations. The pros and cons in association with this group’s participation in sports are typically based on either breaking stereotypes or strengthen them as mentioned in our guest lecture. Although breaking stereotypes is seen as a good thing, this essay aims to address the discrimination that goes on within this social environment in regards to athletes who are part of the LGBTQ community. Whet her a man or woman, being openly part of the LGBTQ community as an athlete is difficult because there is so much at stake as a result of society’s heteronormative way of thinking. Kristen Schilt from the University of Chicago argues that, â€Å"Responses to perceived failures to fulfill gender criteria †¦accomplish the policing of supposedly natural gender boundaries to repair breaches to heteronormativity.†. With this said, it seems as though we as a society need to break away from the norms set in place becauseShow MoreRelatedSports Competition for School-Age Children Can Be a Good Thing1323 Words   |  6 Pages06/28/11 Sports Competition For School-Age Children Can Be a Good Thing Many parents find themselves standing on the sidelines of a baseball game or a soccer game very early on in their child’s life. Cheering away as they watch their child make their first goal or hit their first home run. This is just a small glimpse for parents into the world of sports and competition where their child is concerned. According to Tami Coyle, from Arundel Soccer Association, â€Å"Participating in sports can beRead MorePersuasive Speech : Sports Is A Huge Thing That Mean A Good Than Harm?2023 Words   |  9 PagesOnsite audience Abstract: Sports is a huge thing that mean a lot for people all over the countries because of the entertainment which is provided to them by it. The sport has no meaning without the fans and spectators which they come and watch the sport onsite, they are like the soulmate they complete each other. The debate that has been found here was about â€Å"do onsite audience do more good than harm?†. There was two opinions that have been raised here, one opinion with the spectators while otherRead MoreHow Competitive Sports Helps Kids1234 Words   |  5 Pagescompetitive sports are amazing for kids because of many different thing but they all kinda fit into three categories. 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Competitive sports have been going on for a while now (164 years ago, to be exact) so why stop now? Competitive sports should be allowed for young kids and teenagers because they help kids learn important feelings and lessons, vital to know in the real world, whether current or future, it helps athletes get a head start in life more than non-athletes, and competitive sports helps kids to be and stay healthy. One reason that competitive sports should beRead MoreShould School Sports Stay or Go? Essay522 Words   |  3 Pages Oh great. Another bad day at school. Good thing we have basketball practice, today, to ease my mind. This is how some people think about sports. However, some do not think the same. Therefore, middle schools are deciding on whether to keep sports the same way they have been or scale back some on sports. Principals and superintendents should not scale students back on sports because it helps them prosper in many ways. Active children have more focus, are better problem solvers, and scoreRead MoreWhy Denver Is The Biggest City For Fun And Relaxation1524 Words   |  7 Pagesfriends. Home of Rocky Mountains, sunny climates, many cultures, and sports fans, Denver is one of the most interesting cities for vacationing. Denver has the 10th largest downtown in the United States. Denver is the largest city in Colorado. Denver, Colorado is surrounded by a lot of great things. It is a perfect place for families who are looking for a vacation. Denver, Colorado, is known for its different activities, restaurants, sports, and education. Having nothing to do in Denver, Colorado is never

Features Of Entrepreneurs And Risk Taking - 1553 Words

Characteristic features of Entrepreneurs Brian identified the entrepreneur as a person who is optimistic, future-oriented, thinking that achievement is conceivable and being open to attempting risky methods to accomplish their objectives of benefits. They are capable of succeeding their objectives of benefits by trying different methods and also changing quickly as they get new data. (Brian Tracy, 2005) Entrepreneurs and risk taking Risk-taking is a part of entrepreneurial life. Due to this reason entrepreneurs have to have a risk-taking spirit, because not taking risks can kill an enterprise before it gets off the ground. Dr. Shailendra Vyakarnam (2013) adds that entrepreneurs are people who also know their limitations. As entrepreneurs take risks, what they mostly come across are uncertainty and imperfect information. Uncertainty and its importance by Entrepreneurs According to the Business Word Reference (2015); uncertainty is a circumstance where the current condition of learning is such that the request or nature of things is obscure, the outcomes, degree or greatness of circumstances, conditions or occasions is eccentric. The announcement what’s to come is dubious is a conspicuous one –of course it is. In administration we cannot recognize what is going to happen or when or what the effect of it will be. We can assemble data and break down it to attempt to see better what may happen and what the outcomes may be, however we can never know beyond any doubt. AnShow MoreRelatedThe Practice Of Entrepreneurship Through Time And The Global Enterprise1642 Words   |  7 Pagesdevelopment of ideas, comprehensive risk, commitment of time and resources, and vision with the overarching goal of holistic success and autonomy (Arthur Hisrich, 2011). 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Latin America’s Problems Result of Violent History Free Essays

Latin America’s Problems: Result of Violent History? History plays a role in the problems of any nation, and for that matter in the lives  of individual people.   Does this mean that a country or person is fated to an inevitable  future that is colored mostly by its past?   To some degree the answer is yes, but to take  any particular feature of a society’s past, namely violence in this instance, and thrust the  whole burden of responsibility upon it may be irresponsible, in and of itself, in a sincere  quest to ameliorate and ultimately eradicate the problematic issues that need to be  resolved. If we do want to attribute the current state of affairs in Latin America to its  violent history, we also need to understand the nature and genesis of that violence. We will write a custom essay sample on Latin America’s Problems: Result of Violent History? or any similar topic only for you Order Now Many  countries, including the USA, achieved independence through wars and violence, but we  do not cite our current problems on the American Revolution or the Civil War which was  violence amongst our own people. The source of violence can be a key to understanding  how the countries of Latin America and their people have not recovered from the nature of the  violence they endured. When wars are fought to expunge a common enemy there is a feeling of  camaraderie and nationalism to have fought and won not only against a common enemy,  but against the very evil represented by that enemy. This mindset unites people and  solidifies belief systems, ethics, and morals so necessary to the success and continued  success of civilizations and their governments. What happens, however, when the  violence is perpetrated by the very institution that is supposed to be the bulwark of good,  and when the violence is perpetrated by this institution against the very people that look  to it for their protection? Chasteen says that â€Å" At the most basic level, conquest is always about  exploitation.† (p.58). Although we do not always think of the process of religious  conversion as conquest,   perhaps we should give this careful consideration. Chasteen  seems to agree with this as he goes on to say that â€Å"Most Spanish and Portugeuse people  that came to the Americas in the early 1500s believed that spreading the â€Å"true religion†,  even by force, was a good thing.† (p. 58). The kind of religion that the Catholic Church  brought to the Americas in the early 1500s was a perfect example of non  church/government separation. â€Å"To sin against Catholic teachings was, in many cases, a criminal  offense.† (p.70). The Catholic Church did not merely have a religious presence in Latin America.  They controlled it.   Chasteen summarizes some of what Las Casas had to say about the control of Catholicism. â€Å"The reason for the death and destruction of so many souls at   Christian  hands†¦was simple greed†¦Ã¢â‚¬  (p. 60).  To further substantiate the demonstration of evil by the Catholic Church take a  look at an excerpt from Brief account of the devastation of the Indies by Las Casas referred to  by Chasteen as   A brief account of the destruction of the Indies, (p. 61) a translational title  difference of the same work:   â€Å" After the wars and the killings had   ended, when usually there  survived only some boys, some women, and children, these survivors were distributed among the  Christians to be slaves. The repartimiento or distribution was made according to the rank and  importance of the Christian to whom the Indians were allocated, one of them being given thirty,  another forty, still another, one or two hundred, and besides the rank of the Christian there was  also to be considered in what favor he stood with the tyr ant they called Governor. The  pretext was that these allocated Indians were to be instructed in the articles of the  Christian Faith. As if those Christians who were as a rule foolish and cruel and  greedy and vicious could be caretakers of souls! And the care they took was to send the  men to the mines to dig for gold, which is intolerable labor, and to send the women into the  fields of the big ranches to hoe and till the land, work suitable for strong men. Nor to either the  men or the women did they give any food except herbs and legumes, things of little substance.  The milk in the breasts of the women with infants dried up and thus in a short while the infants  perished. And since men and women were separated, there could be no marital relations. And the  men died in the mines and the women died on the ranches from the same causes, exhaustion and  hunger. And thus was depopulated that island which had been densely populated.† (http://www.swarthmore.edu/SocSci/bdorsey1/41docs/02-las.html). Although these are blatant examples of destruction, Chasteen also cites a more insidious  example the Church exercised, such as hegemony defined as â€Å" the basic principle of social  control in which a ruling class dominates others ideologically, with a minimum of physical force,  by making its dominance seem natural and inevitable.† (p. 325). â€Å"Religion offers one of the  clearest examples of cultural hegemony.† (p.69).   Even more dangerous than outright  exploitation, this creeps into the very fabric of the psyche of a people and carries over throughout  generations. As Chasteen points out, â€Å"When they accept the principle of their own  inferiority†¦they participate in their own subjugation.† (p.69).   The subjugation continued through history as Caudillos, rich landowners, were â€Å"the  party’s national leaders†Ã‚   (p. 124) in post colonial days.   In the neo colonial period from 1880-  1930, (p. 180), Latin America was still subjugated, but instead by cultures that had brought  Ã¢â‚¬Å"Progress† from other countries. The late 1800s saw â€Å"dicatorships or oligartchies.† (p.192). During the time of   the US overtake of Cuba in the early 1900s we see the incendiary racistattitudes prevail, as Teddy Roosevelt coins the term â€Å"dago† for Latins. (p. 201). Right up until  the present day   it appears that Latins have never risen above the station that was thrust upon  them by the Church from the beginning.The book has opened my eyes to many injustices in Latin American history that I was  unaware existed and has provided food for thought as to the reasons Latin Americans seem to be  a problematic people. It is indeed, not the injustices in and of themselves, but the so called  Christian perpetrators of such injustices that give the history and the present fate of Latin  America such a fatalistic outlook and prognosis. Despite all of this and probably because of the  hegemony, it has happened without notice but it is interesting to note that †¦Ã¢â‚¬ Latin America has  always been Catholic, but now the majority of the world’s Catholics are Latin American.†Ã‚  (p. 320). At the end of the book Chasteen asks what the future will bring. (p.321).   He does not  provide an answer but it makes one wonder if   the subjugation can ever really end. Like a child  abused by a parent over years and years of time,   the Church ‘s abuse in the growing and  formative years of Latin America have left scars that will last an eternity. References Chasteen, J.C. Born in blood and fire. A concise history of Latin America De Las Casas, B. Brief account of the devastation of the Indies. (1542). Retrieved from http://www.swarthmore.edu/SocSci/bdorsey1/41docs/02-las.html on November 26, 2006. How to cite Latin America’s Problems: Result of Violent History?, Essay examples

Business Valuation of Qantas Airways-Free-Samples for Students

Question: Anayse Business and valuation of Qantas Airways Limited. Answer: Introduction This study deals with business analysis and valuation of Qantas Airways Limited. The current segment discusses external environment analysis through use of Porters five forces model (Wheelen and Hunger 2017). The next segment discusses internal environment analysis for Qantas Airways Limited by using SWOT analysis. The corporate strategy of Qantas Airways Limited had been discussed in the study with proper justification. The accounting policies used by Qantas Airways Limited are mentioned in the research study. Financial ratio had been calculated for the year 2013, 2015 and 2016 for the company named as Qantas Airways Limited. Company overview Qantas Airways Limited is one of the oldest airline industries in Australia. The market share of Qantas Airways Limited is higher as compared to any other firm in the aviation industry (Qantas.com. 2017). Qantas Airways Limited mainly engages in offering longest distance airways. Qantas Airways Limited came into existence in the year 1901 in Queensland. The company manages the performance of Qantas holidays and budget airlines. Porters five forces model Industry Rivalry- There is severe competition from rivalry firms where the operators are competing with each other based on price. The service levels have gone up that will decrease the operational expenses at minimal levels for maintaining the margin of operations (Rothaermel 2015). In addition, there are differentiators in the airline industry and this is the number of flights that are being offered where the main players have an edge but the price factors in the calculation. Based on relationships, there are various airlines that offers loyalty programs for the customers so that there are low switching costs for the customers. Threat from new entrants- In case of domestic players, the entry is easier in terms of licenses. The major changes are required in the initial stages where many peripheral operations are outsourced. The new entrants face difficulty to enter in the airline industry because of capital outlay as well as time to manage analysis. In case of global players, the entry barrier is high and it is needed to plan out the entry for the industry as the rivalry is high and very easy to be sidelined in the marketplace (Peteraf, Gamble and Thompson 2014). Threats from substitute products- On analysis, it is noted that there are many substitutes to airline industry especially in case of short routes such as bus and train. In case of long distances, there are many other options such as video conferences, net meetings as well as video messages that has been a substitute but not as effective (Peppard and Ward 2016). Bargaining power of buyers- Bargaining power of buyers are high in the aviation industry for most of the routes. The buyers actually have lot of options to select from different airline companies as most of the routes are being covered by more than one operator and there is huge competition based in prices that provide sufficient power to the customers (Morschett, Schramm-Klein and Zentes 2015). Bargaining power of suppliers- Bargaining power of suppliers are high in the aviation industry. One of the main factor that affect aviation industry is the fuel prices where the suppliers does not have much of a control as well as decided by the political factors in and across the globe (Morden 2016). The investments that the manufactures make for the suppliers as well as consider high value orders that had little chance that would move or increase the prices at certain level SWOT analysis Strengths Weakness Qantas Airways Limited has strong backing from Australian Government Qantas Airways Limited enjoys monopoly in Australian market Qantas Airways Limited is one of the top and largest airlines that operates in Australia Qantas Airways Limited is one of the oldest airlines operators in and across the world Qantas Airways Limited operates in 20 international and domestic destinations Qantas Airways Limited has good brand recognition and identity through advertising as well as sponsorship (Hill, Jones and Schilling 2014) Too much concentration around Australasia At Qantas Airways Limited, issues among the employees is one of the main concern Opportunities Threats There is opportunity in the Australian market as it is less tapped and guarantee that no other airline can get a chance by gaining a huge market share global destinations in Asia Tie-ups with worldwide airlines for combined service offerings to the potential targeted clientele Intense competition from new starts-ups as well as other airlines companies Increased labor costs Increased fuel prices Corporate strategy The value of corporate strategy at Qantas Airways Limited mainly based on the degree to which the business under the management of the company relies upon, that is whether it is of greater worth than it were managed by a participant or separately (Hill and Jones 2013). The Corporate strategy of Qantas Airways Limited help in generating aggregate returns in and across portfolio that contributes to the company competitive advantage as well as ability for generating above average returns. Segment Revenue % of Total EBIT % of Total Domestic 5828 37% 480 39% International 5467 35% 267 22% Jetstar Group 3464 22% 230 19% Qantas Freight 1067 7% 114 9% Qantas Loyalty 1369 9% 315 26% In the year 2015, Qantas Airways Limited generates $15816 billion in total revenue and it had been generated across 5 main segments or trade units that are highlighted in the above table. Qantas Airways Limited operates with low levels of diversification in a dominant business strategy with 84% revenue generation through their passenger airline business that focus on a core set of capabilities as well as competencies for generating above average returns in a single business marketplace (Goetsch and Davis 2014). There is less dominance of passenger airline business that can be understood from the segment profit contribution perspective where Qantas Freight and Qantas Loyalty generates 35% of the companys EBIT for tipping their plan into more reasonable diversification with linked trade units that shares product, sharing linkages as well as technology. After analyzing the segments, it is understood that revenue contributions have remained comparatively steady over time where the profit levels of the passenger airlines are far more unstable. In addition, the profit from freight and faithfulness are presented in the above table where increased return provides supports for other segments when they challenges by internal as well as external influences that creates sustained value and returns for Qantas Airways Limited (Eden and Ackermann 2013). From resources perspectives, Qantas Airways Limited derives value-neutral benefits that include tangible as well as intangible resources. For instance, low Australian dollar increases international passenger travel. Accounting policy The case study company named as Qantas Airways Limited had been used for the research for analyzing the financial data of 2013, 2015 and 2016. It had been noted that companies need to manage the reports depending upon the accounting policies already mentioned in the reports. From the case study, the final data information needs to be analyzed by an auditor for making reliable financial statements (Durand, Grant and Madsen 2017). It is the responsibility of the auditor to analyze the final information of Qantas Airways Limited based on the accounting policies. In addition, accounting policies are the rules, principles and process that should be executed in the financial reports of company at top level management. There are various accounting policies used in the aviation industry that is for accounting assets and liabilities. The accounting policies need to be observed by the auditors at the time of investigating the financial statements of Qantas Airways Limited and the major concept s are mentioned below with proper justification: Revenue and expenses recognition- From the rules of IFRS and US GAAP, it is clear that an association need to identify overall expenses as well as income that depend widely on the market valuation as presented in the income statement. Revenue is present in the income statement that should be used by the corporation by trading of products or services such as short-term profits, sales, interest income and long-term gains (Bettis et al. 2015). On the contrary, expenses is present in the income statement that need to be paid by the corporation by trading of products or services such as labor, salaries and cost of goods sold. According to accounting rules, expenses are recorded in the debit column and income are recorded in the credit column of income statement. Asset and liability recording- From the rules of IFRS and US GAAP, it is clear that an association need to identify overall assets as well as liabilities that depend widely on the economical profit as presented in the balance sheet. Asset is present in the balance sheet that should be converted by the corporation depending upon the nature of assts where short-term assets will be converted less than one year and long-term assets will be converted more than 1 year (Bettis et al. 2016). On the contrary, liabilities is present in the balance sheet as debt of corporation that should be converted based on long-term liabilities that need some time such as plants and machinery. Financial position of the company for the year 2013 The table shows ratio analysis figures for the year 2013 for the company Qantas Airways Limited. Liquidity ratio is calculated for Qantas Airways Limited that help in analyzing the ability of the company for paying off both current liabilities as they become due and long-term liabilities as they become current. Current ratio, quick ratio and working capital ratio are calculated for Qantas Airways Limited for the financial year 2013. Current ratio of Qantas Airways Limited arrives at 0.83 for the year 2013 that help in measuring the ability of the firm to pay off short-term liabilities with its current assets. Qantas Airways Limited has enough current assets to pay off 83% of his current liabilities. This reveals the fact that Qantas Airways Limited is highly leveraged as well as highly risky. In that case, banks would favor a current ratio of 1 and 2 so that all the current liabilities would be covered by the current assets. Therefore, current ratio of Qantas Airways Limited is so lo w that is unlikely that the company will get approved for their loan (Bettis et al. 2014). Profitability ratio for Qantas Airways Limited is calculated for the company named as Qantas Airways Limited for the year 2013 where comparison is made between income statement figures and balance sheet figures. Operating profit margin, net profit margin, return on assets, return on equity and return to total assets are calculated in the above table that help in predicting the profitability position of Qantas Airways Limited (Barney 2014). Solvency ratio for Qantas Airways Limited is calculated for the company named as Qantas Airways Limited for the year 2013. This ratio will help in measuring the ability of the company to sustain its operations by comparing debt levels with equity, assets as well as earnings. In addition, the solvency ratio identifies going concern issues as well as ability of the firm to pay bills in the long run. Debt equity and interest coverage ratio are calculated for the year 2013 that help in predicting the solvency position of Qantas Airways Limited. Financial position of the company for the year 2015 and 2016 The table shows ratio analysis figures for the year 2015 and 2016 for the company Qantas Airways Limited. Liquidity ratio is calculated for Qantas Airways Limited that help in analyzing the ability of the business for paying off both current liabilities as they become due and long-term liabilities as they become current. Current ratio, quick ratio and working capital ratio are calculated for Qantas Airways Limited for the financial year 2013 and 2015. Current ratio of Qantas Airways Limited arrives at 0.49 for the year 2016 and 0.65 for the year 2015 that help in measuring the capacity of the firm to pay off short-term liabilities with its current assets. Profitability ratio for Qantas Airways Limited is calculated for the business named as Qantas Airways Limited for the year 2015 and 2016 where comparison is made between income statement figures and balance sheet figures. Operating profit margin, net profit margin, return on assets, return on equity and return to total assets are calculated in the above table that help in predicting the profitability position of Qantas Airways Limited. Solvency ratio for Qantas Airways Limited is calculated for the business named as Qantas Airways Limited for the year 2015 and 2016. This ratio will help in measuring the ability of the company to maintain its operations by comparing debt levels with equity, assets as well as earnings. In addition, the solvency ratio recognizes going concern problem as well as ability of the firm to pay bills in the long run. Debt equity and interest coverage ratio are calculated for the year 2015 and 2016 that help in predicting the solvency position of Qantas Airways Limited. Analysis the data of 2013, 2015 and 2016 From the above analysis, it can be analyzed that the financial data of 2013, 2015 and 2016 had been predicted where it is found that Qantas Airways Limited faced several issues during past years because of internal and external factors. The company had properly engaged in adopting new strategies and approach in their plan. Qantas Airways Limited faced issues in meeting short-term debt obligations. Qantas Airways Limited enjoys huge profits. The capital structure ratio of Qantas Airways Limited is not at all good. Conclusion It is recommended to Qantas Airways Limited to make some innovative changes so that they can meet short-term and long-term debt obligations. The changes should be made in the monetary as well as non-financial figures for attractive the level of presentation. Qantas Airways Limited faces external and internal issues where the performance of the company is lower as compared to other business. 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