Why is promotion decision making so difficult Essay

Why is promotion decision making so difficult - Essay Example Among the most important considerations when deciding who to promote into a position is which candidate possesses the highest level of hard skills to do the job. It usually does not make much sense to promote someone into a finance management position who does not have a background in finance. This is often the first step in identifying qualified candidates, and usually comes as part of the resume review and screening process. The hiring manager must assess the educational and professional experience of the candidates to help determine who would likely be capable of doing the work that would be required. That being said, there are times when all of the other qualities of a prospective candidate are so strong that a decision might be made to promote that person even though he/she lacks the requisite level of hard skills to do the job effectively. However, this will only be the case when a persons ability and willingness to learn the requisite skills is evident. That may mean choosing someone with a background of high educational achievement who displays a propensity to engage in professional development activities. Another important characteristic to consider when deciding whom to promote is leadership ability. ... All of these responsibilities require effective leadership. When assessing a person's leadership potential, a hiring manager should inquire into the candidates' experiences that may have evidenced leadership qualities. Behavioral based interviewing can be an effective tool in this regard. Using this method, the hiring manager will ask the candidates to recall a particular event in their personal or professional experience in which they actually demonstrated the desired characteristic. This requires the interviewee to demonstrate a sharp mind in quickly recalling an appropriate event. It also precludes the candidate from talking hypothetically about what they would do in a given scenario. Rather, they are required to explain what they actually have done in a scenario. The theory is that past behavior is the best predictor of future behavior. For example, the hiring manager might ask the candidates to recall a time when they had to delegate responsibility in order to achieve an objective. Or she might ask them to recall a time when they had to influence others to behave in a way that helped them to achieve their goals. Either of these questions would elicit valuable information about whether and how the candidates have demonstrated an ability to lead. This information can then be added to the overall formula in determining which candidate has the greatest preponderance of desirable characteristics for the position. Personality Personality fit is a huge consideration for any hiring decision, particularly when deciding whom to promote. This is also arguably one of the most difficult factors to evaluate in prospective candidates. To be sure, people generally act somewhat different in an interview than they would in a

Bronchodilator Essay Example for Free

Bronchodilator Essay By definition, a bronchodilator is a drug used for the treatment of chronic breathing complications such as emphysema, asthma, and chronic obstructive pulmonary disease also known as COPD. Bronchodilators are used to reverse the effect of obstructed airways acting as decompressor and mucus removers that cause breathing complications. There is short term or short acting bronchodilators that act as â€Å"rescue medications† (Webmd. com). These rescue medications are used in more emergency instances as with asthma. Long-acting bronchodilators are used for the maintance of such diseases as COPD which is more chronic. Each bronchodilator type â€Å"opens bronchial tubes so that air can move through†¦. And help clear mucus from lungs (webmd. com). Bronchodilators such as uniphyl and Phyllocontin come in the form of a pill or tablet and are a sustained release formulation of another drug called Theophylline which opens constricted lung passages. These are more long term treatments. Short term or more frequent usage as with advair, symbicort, serevent, Foradil, are inhaled and last between two and four hours while long term tablets use lasts upwards of 12 hours. Although bronchodilators provide control over congested airways, they also act as stimulants and have an array of side effects. These side effects include: nervousness, hyperactivity, heart palpations, upset stomach, trouble sleeping, and muscle aches. Bronchodilators are approved by the FDA and originated in emergency room settings, where the necessity was abundant for chronic asthma attack patients. Albuterol, commonly used for the maintenance of asthma in an inhaler form is often however more effective than most other long acting bronchodilators. Albuterol is considered an anticholinergic bronchodilator. As previously mentioned, theophylline, an inexpensive bronchodilator acts as a stimulant similar to caffeine. Theophylline stimulants the heart and nervous system, relaxing airway muscles. Some side effects of its use include nausea, diarrhea, stomach ache, headache, and irregular heartbeat. Some bronchodilators contain adrenaline so mixing with other stimulating drugs for the treatment of high blood pressure, diabetes; thyroid, hyperactivity, and heart disease are discouraged from the use of bronchodilators. Inhaled bronchodilators â€Å"enable the drug to reach into the lungs for maximum benefits† (medicine. net). It is a possibility to overdose on inhaled bronchodilators. Some signs of overdose include seizures, headaches, fainting and dizziness, and chest pains. If one is experiencing symptoms similar while using inhaled bronchodilators it is advised to visit a local emergency room or primary care physician. Alternate treatment conducive to bronchodilators includes pulmonary rehab and therapy. Excessive use of bronchodilators makes the treatments less effective and increases the probability of side effects. It is uncommon to have allergic reactions to bronchodilators but in the event, rash, itching, swelling and further complications occur, further use is discouraged. Some conditions treatable with bronchodilators are commonly COPD or chronic obstructive pulmonary disease. COPD is â€Å"an irreversible disease associated with air flow obstruction†. (purdue. ca/products/products-asthma-asb) COPD umbrellas a category of other conditions such as emphysema, (irreversible lung damage/over inflation/weaking of air sacs) and chronic bronchitis (inflammation and scarring of airways tubes. Common symptoms of these conditions include: chronic chough, wheezing increased mucus, shortness of breath, and tiresome minimal activity. COPD is more predominantly caused by cigarette smoking however; other causes may include genetics, air pollution, cystic fibrosis, and childhood infections. Another condition treatable with bronchodilators is asthma. Asthma is also a chronic lung disease that causes swelling of the airways which creates complications with breathing. Causes of asthma are less solid than those of COPD but implicate being due to an† immune-mediated processing which inflammatory cells and inflammatory mediators enter airway tissues to cause disease† (purdue. ca/products/products-asthma. asp). One who is diagnosed with asthma often becomes sensitive to hair sprays, cosmetics, cleaners, paints, pollens, animals and cock roaches, chemicals, temperature, and even some foods, An asthma attack is experienced with shortness of breath, wheezing, chest tightening, persistent coughed and dyspnea. Bronchodilators are most effectively used while avoiding things that further complicate breathing. This is especially true with cigarette smoke which should be avoided first and second hand. Bronchodilators work most when used according to prescription and consistency. One should always educate self when or before exposing the body to such drugs as bronchodilators which are often stimulants and cause brief and sudden body changes.

Kurdistan Essay -- essays research papers fc

Kurdistan is a region that has existed in turmoil and is the â€Å"never was† country. The Kurds are the fourth largest ethnic group of the Middle East, numbering between 20 and 25 million. Approximately 15 million live in the regions of Turkey, Iraq, Iran, and Syria, an area they called Kurdistan, yet they do not have a country of their own. Formal attempts to establish such a state were crushed by the larger and more powerful countries in the region after both world wars. When the Ottoman Empire collapsed after World War I, the Kurds were promised their own independent nation under the Treaty of Sevres. In 1923 however, the treaty was broken allowing Turkey to maintain its status and not allowing the Kurdish people to have a nation to call their own. The end of the Gulf war, Iran-Iraq war, the collapse of the Soviet Union, and the end of the cold war has reinvigorated a Kurdish Nationalist movement. The movement is a powder keg ready to explode. With the majority of Kurds living within its boundaries, no country faces this threat more than Turkey. Because of Turkey’s concept of unified, cohesive nationhood-in which the existence of minorities are not acknowledged- these tensions in Turkey are more difficult to handle than else where. In southeastern Turkey, extreme fighting and guerilla tactics are used by the Kurds in support of their political parties. The Turkish military is actively stationed in this area now. There are several political parties that represent the needs of the Kurdish people. They are the Kurdistan’s Workers Party (PKK) who represent the needs of Turkish Kurds and are the most violent terrorist like group, the Kurdish Democratic Party of Iran (KDPI) who is active politically but not militarily, the Kurdistan Democratic Party (KDP) composed of Iraqi Kurds, and the Patriotic Union of Kurdistan (PUK) who is also representing the Iraqi Kurds. The PKK was created in 1974 as a Marxist-Leninist insurgent group primarily composed of Turkish Kurds searching for an independence movement. Its first and only leader, Abdullah Ocalan, or Apo as he came to be called, was at that time a student of political science at Ankara University. From the late 1970s, Ocalan worked closely with both the then Soviet Union and with Syria, whose governments were attempting to generate a political breakdown in Turkey. In 1977, the PKK published a series of "com... ...for years. In 1980, Ocalan actually moved to Syria and used Syrian facilities as well as training grounds in the Bekaa Valley to drill terrorist groups for cross-border attacks against targets in Turkey. Greece, a NATO ally, backs the PKK and its affiliates by every means at its disposal. The PKK is a very malicious and radical group in their search for their independence. They believe that their human rights are being oppressed by The Turkish peoples and that they deserve what land is theirs, no matter the cost. The only forces that stand in their way are Turkey, the PUK, and the KDP. If these organizations fail to stop the PKK, a new nation will be formed in the name of Marxism. And other countries may soon follow, changing what we know as the Middle East. Bibliography http://burn.ucsd.edu/~ats/PKK/pkk5-3.html http://www.fas.org/irp/world/para/pkk.htm http://www.fas.org/irp/world/para/docs/mfa-t-pkk-s.htm http://web.nps.navy.mil/~library/tgp/kurds.htm http://www.turkey.org/apo-pkk/apo1.htm http://www.comebackalive.com/df/dplaces/kurdista/ The Kurdish Nationalist Movement in the 1990’s ; Robert Olsen, editor; The University Press of Kentucky, 1996

A Comparison Between Desirees Baby & Stench Of Kerosene Essay -- Engli

A Comparison Between Desirees Baby & Stench Of Kerosene 'Stench Of Kerosene' was written by Amrita Pritam approximately fifty years ago. This emotional short story mainly revolves around the relationships between a woman, her husband and his mother. Another important theme is the significance of cultures and traditions in the protagonists' lives. The main characters are Manak and Guleri, who are husband and wife. Guleri and Manak are a loving couple who live with Manak's mother in a small village in India. Guleri cannot give birth and her mother-in-law desperately wants a grandchild. Once a year, during a special festival, Guleri visits her parents in a nearby village. This year, Manak halfheartedly tries to persuade his wife not to go. Adamant, Guleri pays no heed to her husband's baseless wish, and goes to visit her parents regardless. Upon her departure, Manak's evil mother decides to bring an end her grandchild-less status, and immediately purchases a wife for Manak, in the hope that this new bride could have the baby Guleri could not. When news of her husband's betrayal reaches Guleri, she commits suicide by dousing herself with kerosene, and consequently setting herself alight. 'Desirees Baby,' by Kate Chopin, amongst other themes, also explores the theme of relationships. Desiree, the female protagonist, is an orphan who was found at the front of the Valmonde home, lying asleep in the shadows of a big stone pillar. Madame Valmonde, the owner of the large house cannot have children; hence welcoming the child and treating her as her own. When Desiree grows up, she marries a man from a prestigious family. After a period of marital bliss, they both have a child whom they immensely love.... ...they do not obviously state what was wrong with the women. Desiree is made out to be so sweet and loving - her beauty helping to draw the readers into sympathy for her. It is not blatantly stated that it was stupid of her to commit suicide. Likewise, Guleri should really have had trust in her husband, and listened to what he told her instead of proudly ignoring his pleas. This shows that although their relationship outwardly shows happiness, there were some serious problems that occurred beneath the surface. Hence, I conclude that in 'Desiree's Baby," Armand was wrong to have so much pride, but Desiree's weak character spurned her awful fate. In 'Stench of Kerosine,' Manak was weak and stupid, but the consequences of his marrying again could have been avoided if Guleri trusted her husband. It is simply too easy to blame the men entirely for what happened.

Kip Kinkel

Kipland Kinkel a 15 year old teenager killed his parents at their home in Oregon in 1998, and later went to the cafeteria of Springfield Thurston high school and went on a shooting spree, killing two and injuring 25 students. Kinkel was sentenced to spend around 112 years in prison without any option of parole. Kinkel was suspected to be a paranoid schizophrenic, the brain harm in Kinkel’s case was supposed to be due to genetic disorders. Kinkel’s mother’s family was also found to have a history of mental illnesses. After a detailed study of this case, the competencies that are of utmost interest to this case are, The mental state of Kinkel The history of mental illnesses in Kinkel’s family His relationship with his father His interest in guns and bombs High educational expectations form his parents The effect of the anti-depressants he was taking. All the above-mentioned points must have directly or indirectly influenced Kinkel to do what he did. Increased pressure on the brain of any person and especially a teenager is bound to give negative results. This is what made Kinkel go on a shooting spree. Kip Kinkel Juveniles with a history of mental illnesses like schizophrenia and ADHD are more inclined to commit certain offenses like robbery, stealing vehicles, drugs etc. The main features of the case, which will be important in the legal point of view, are Kinkel was a paranoid schizophrenic He had a slow psychological development Was taking medicines for his mental condition ‘Not guilty by reason of insanity’ then he would be sent to a mental hospital Psychological Factors Some of the main psychological conditions which influenced Kinkel, were that he was a schizophrenic, his mother also suspected him of having attention deficit disorder (ADHD).   His family had a history of mental illnesses, it was learned that his mother also used anti-depressants, and at least nine of his other family members have mental illnesses. All this might also show a link to a genetic disorder. As a child he was a slow learner who was emotional and hyperactive. Kinkel had a mental problem, which damaged his brain, and there was also talk about holes in his brain. Kinkel also said he heard voices, which made him do this. Psychological disorders can be due to genetic inheritance, which can be traced back to nearly three generations, and Kinkel’s family on both his parents’ sides had a history of mental disorders. All these psychological factors will definitely have an effect on the behavior and capabilities of Kinkel, and this is what happened to him.   He was mentally depressed and in a psychotic state when he committed the offense. Kip Kinkel Medications To improve the mental state of Kinkel, I think he should be given the necessary medications to control his depression and anger.   If he is not given medicines, there are chances of him to repeat the offense again during his trial on his co-mates.   He should be given a chance to vent out his feelings, so that he can think straight. By not taking medicines, he might be constantly remembering the same incident again and again, which might increase the feelings of depression in him and subsequently result in further brain damage. By taking medicines during his trial, he can slowly improve his mental condition and reduce his anger. And there are chances of him to be totally get rid of his depression, which will give him a new lease of life, and there will be a meaning to his life also. Juveniles are not grown ups and their psychological and mental condition is also not totally developed, they don’t have the maturity that adults have, due to which they are bound to commit offenses. At the same time they have to be given a chance to prove themselves, even if it is when they are under trial.   So taking medicines to improve their condition is definitely advisable for juveniles. Defense Arguments In Kinkel’s case, the main points that the defense should try to highlight are His mental illness His juvenile status The use of medicines for depression Not guilty by reason of insanity Kip Kinkel The defense should handle the case very tactfully by highlighting the aspects that are advantageous to Kinkel. They should stress on the mental condition of the defendant at the time he committed the offense. The cognitive development of a juvenile should also be considered, as children cannot differentiate between what is right and what is wrong, as they are immature. The other point that the defense can argue is the history of mental illnesses in Kinkel’s family, which could have developed a genetic disorder in him, the reason for his mental condition. The two main points that the defense can lobby for are Kinkel’s mental condition and his juvenile status. Conclusion Kipland Kinkel was and is guilty for the murder of his parents and two of his fellow students, and according to the nation he should be severely punished.   But the fact that he is a juvenile should be considered, as children are different from adults, and they are not mature enough to decide what is right. Also considering the fact that he was a paranoid schizophrenic, he should be given a chance to take proper medication for his mental condition and overall well being.   He should be sent to a rehabilitation center, to take proper treatment for his psychological disorders. Everybody does mistakes, after all it is human nature to go wrong at a certain point, but the greatness lies in forgiving a person and giving him a chance to mend his ways. Kip Kinkel committed this offense, but he was not mature enough to understand what he was doing at that time, he had sort of gone blank, and he was not in a state to judge what was right and wrong. He must be given an opportunity to take suitable treatment for his psychological development. References Ellis Swanson, ‘†Killers Start Sad and Crazy† Mental Illness and the Betrayal of Kipland Kinkel’, Oregon Law Review, Retrieved 13 June, 2007, http://www.law.uoregon.edu/org/olr/archives/79/79olr1081.pdf Jeff Barnard, ‘Oregon school shooting suspect describes killing on videotape’, Court TV Online, Retrieved 13 June 2007 Rusty Dornin, ‘Oregon school shooter showed signs of mental disease’, CNN.com, Retrieved 13 June 2007            

Company Profile Kia Lim Berhad Essays

Company Profile Kia Lim Berhad Essays Company Profile Kia Lim Berhad Essay Company Profile Kia Lim Berhad Essay Kia Lim Berhad was set up as the holding company of Syarikat Kia Lim Kilang Batu Bata Sdn Bhd (SKL) and Kangkar Raya Batu Bata Sdn Bhd (KRBB) bricks manufacturers, which had been operating since 1973. SKL has set up a fully automated plant employing German technology. It was incorporated in Malaysia on 8 May 1995 as public limited company and listed in the KLSE Main Board (Industrial Products) on 29 May 1996. Commercial production commenced in mid 1999. KRBB installed a second plant in late 1991, which is fully automated and capable of producing common, block and facing bricks. The Group has diversified its range of products to include clay-roofing tiles, facing bricks and pavers. The Groups products are exported to regional markets like Singapore, Japan, Taiwan and Qatar. Kian Joo Can Factory Berhad Kian Joo Can Factory Berhad is manufacturer and distributor of tin cans and 2-piece aluminium beverage cans. They also produced polyethelene terephalate products, corrugated fibreboard cartons, provision of engineering services, letting of property, provision of share registration and provided management services. Kim Hin Industry Berhad The Company (KHI), which is Kuching-based, started operations in 1975 as a small-scale manufacturer of clay bricks. In 1979 it ceased this activity and ventured into the manufacture of mosaic tiles. It changes its name from Kim Hin Industry Sdn Bhd to present form on conversion. From a single production line, the Company now has three factories with 24 production lines. Today, KHI is one of Malaysias largest integrated ceramics manufacturers. The Group is a fully integrated manufacturer of wall, floor and homogeneous tiles, with installed production capacity of 19m sq m p.a. The Group has invested approximately RM266m in state-of-the-art Italian tile manufacturing plant and equipment. Kris Components Berhad Kris Components Bhd was incorporated on 9 September 1975 in Malaysia as a private limited company but converted to a public company on 2 November in year 1995. Its principal activities are manufacturing and stamping of precision metal parts and anodizing high-end cosmetic surface-finishing metal parts. YTL Cement Berhad YTL Cement Berhad listed on KLSE Second Board on September 6, 1993 and transferred to Main Board (Industrial Products) on June 26, 1997. It is incorporated on 29 January 1977 in Malaysia as a private limited company and converted into a public limited company on 4 May 1992. It change its name from Buildcon Sdn Bhd to Buildcon Bhd on conversion and to YTL Cement Bhd on 26, February in year 1997. The Company manufactures and supplies ready-mixed concrete to the construction industry. The Groups operations are located in Westport, Selangor, Bukit Sagu, Pahang and Pasir Gudang, Johor. Body of Contents Company Analysis Kia Lim Berhad Refer to Table 1, common-size analysis of capital structure shows that the liabilities constitute 76% and equity 24% of the companys financing in 2001 compare with 30% of total liabilities and 70% equity in the companys financing in 1996. Debt ratio and total to debt equity ratio increases sharply in 2001 compare to the previous years. In 2001, the company financed its assets approximately 72% of its debt. It was supported when the trend index of long-term liabilities (391.926%) exceeds its current liabilities (308.003%) and shareholders equity (55.331%) ( refer to Table 2). From Table 2, we can see that cash and bank balances decreases sharply from 99.356% to 2.813%. Yet the companys the companys cash flow adequacy ratio is 0.745, which is less than 1. This implies that the internal cash sources in the company were insufficient to maintain its dividend and current operating growth levels. There is a need for the company to seek for external financing in order to fulfill the requirement of the company. Table 3 shows the financial ratios of Kia Lim Berhad, which indicates that the company is facing liquidity needs. The current ratio of the company dropped over the past 5 years and the inventory turnover decreases. Kia Lim Berhads return on invested capital showed unfavorable level, where every unit of invested capital generates less profits to the company from 1998 onwards. The return on common equity also decreases over the past 5 years. The growth rate is decreasing, which the SEGR drop from 0.062% in Year 1997 to 0.185% in Year 2001. This can be seen from Table 1, which total equity capital is 28% in 2001 compare to 70% in 1996. This indicates that when the indebtedness of the company reaches a risky point, the more financial leverage the company has. The company sales show an average declining trend, which it decreases sharply in Year 2000 (-32.084%) and rebound to 100.529% in Year 2001. The forecasted sales for the next year are RM 32062120.43, which the sales are dropping and the companys net profit is forecasted to decline in Year 2003. The dollar of amount earned on behalf of each share decreases from RM 0.08 (1998) to RM 0.04 (1999) and further decreases to nil. This means there is no earning generate for each share of the company. Similar behavior was found in dividends yield, in which it decreases from 3.14 in year 1997 to 1.58 in year 1999. Kian Joo Can Factory Berhad From Table 4, we can conclude that the highest proportion of total liabilities and equity to total equity capital, are recorded in year 1999. As an overall, the average of total liabilities and total equity constitutes 41.6% and 78.37% each year of Kian Joos financing. Besides that, Table 5 reveals the trend of selected accounts, which year 1996 as the base year. The highest record of net income is in year 1997, which is 80.839%. However, the performance of Kian Joo Can Factory in year 1999 is worsening due to the net income earned are decrease for two consecutive years. A tremendous drop in net income in year 2000, which is almost 44.8% less than previous year reflect the company is overcapacity and may attract the new competitors enter into this industry. In year 1998, we can see that the trends of almost all the account selected are downturn because financial crisis occur in that year. Over these five years, the average of sales is 22.18%. Since the inventory growth is more than sales growth over the 5 years period, the company has more funds to invest in inventory. By reviewing Table 6, we find out the return on invested capital is in increasing trend except for year 1997 and 1998. The highest ratio is in year 1997. A large portion variability of the return on common equity of this company is due to changes in return on assets. Notice that the sustainable equity growth ratio, which relative to the prior year is shrink over the four years period except for year 2001. However, the average of this measurement over the five years period is 0.36%. For the debt ratio, there is a sudden drop between year 1998 and 1999 due to 23.6% increase in long term debts. The total debt to equity ratio record the highest amount in year 1998 due to the economic crisis and the company increase their credit line. In year 2000, there is a sudden drop from RM2 dividends yield to RM1.52. After year 1999, earnings per share are decrease for two consecutive years. This is because reducing in net profit over the years. There is an improvement in PE ratio except the year 20 01. Since economic recession in year 1998, the company must sell their stock in higher price, that is RM28.3 in order to get RM1 earnings. The forecasted sales of this company for year 2003 are RM473, 509,169, which is 1.17% less compare with previous year. However, net income is expected increase 5.97%, which is from RM28, 220,000 raise to RM29, 904,528. In summary, the company will performed better in year 2003 since the forecasted net income is higher. Kim Hin Industry Berhad Table 7 shows a common size analysis of capital structure for Kim Hin Industry Berhad. For year 1996, liabilities constitute 16.702% and this percentage decreases to 0.099% in year 2000, which indicates that the obligations of Kim Hin Industry are reducing. However, in year 2001, this amount increases 0.015% to 0.114%. From the table, it shows the shareholders equity of Kim Hin industry Berhad is stable over years. The reserve of this company reaches its peak in year 1998. This may be due to the economic crisis that makes the company to increase their reserve in the bank to face the contingency in the future. From Table 8, we can see that cash and bank balances increase the most in year 2001 (2492.699%) if compared with the other short-term assets. This indicates that Kim Hin Industry Berhads liquidity needs is improving over the year. Although long term asset and long term liability show a downturn from year to year, they are still remained above the level of total long term assets based on year 1996. From here we can see that sales growth are faster than the inventory growth. This is a good sign for Kim Hin Industry Berhad. This may be due to the better inventory system in this company. Net income shows a rising trend over these six consecutive years except in year 1998, the net income decreased 33.954% if compared with year 1996. Besides, account receivables are growing faster than the sales (118.975% versus 110.042%), this is suggestive for a more aggressive credit policy. After doing the time series forecasting of the value of sales and net income in year 2003, we predict that both categories will be in a decreasing trend, which reach an amount of RM 15,561,322.19 for net income and RM 150,277,952 of sales. From Table 9, the value of cash flow adequacy ratio (CFAR), which is 1.01606, indicates that this company is able to cover these cash without a need for external financing. The debt ratio of this company over five years is decreasing from year to year. This implies that the portion of assets that are being financed by the creditors are keep on dropping. Furthermore, the debt to equity is decreasing from year 1997 (0.352044 times) to 2001 (0.161399 times). The highest ROCE over these five business-operating years is in year 1997 which yield an amount of 27.8%. The growth rate is decreasing, which shows by the SEGR, from 25.03% in year 1997 to -5.827% in year 1998. After year 1998, the growth rate increase steadily from year 1999 (7.116%) to 2001(11.35%). Although the companys earning per share decreases from 0.18 in year 1997 to 0.05 in year 2001, the dividend yield increases from 0.53 in year 1997 to 0.98 in year 2001. In year 1998, dividend yield comes to it highest point of 3.23 which designates that the selling price of each share, the company will get RM 3.23 dividend in return. The PE ratios of Kim Hin Industry Berhad fluctuate over time. The highest PE ratio among these five years is in year 2000, which yields that the company should sell its share for RM 27.90 in order to earn RM 1.00. Kris Components Berhad Table 10 shows a common-size analysis of capital structure for Kris Components Berhad. For year 2001, liabilities constitute 52.1% and equity 47.9% of Kriss financing, while long term liabilities equal l2.41%. Total liabilities is increase from 22.44% in year 1997 to 52.1% in year 2001, whereas total equity capital has decreased from 77.56% to 47.9%. This shows that there is a greater likelihood of insolvency in company since the higher the proportion of debt, the larger the interest charges and debt repayment. Table 11 shows the trend index of selected accounts of Kris Components Berhad. The cash and cash balances was decrease dramatically from 864% in year 2000 to 530.3% in year 2001, whereas inventory is increase substantially from 639.3% to 1049.8%. This shows that the company has more funds invested in inventory in year 2001. However, the inventory growth is less than sales growth from year 1998 to year 2001. Net income is in an increasing trend except from year 1999 to 2000. Therefore, we have forecasted the sales and net income using regression model for year 2003. As the result, estimated sales in 2003 is RM 484,523,776.2 while the estimated net income is RM46,118,828.51. Refer to Table 12, the total debt to equity ratio shows an increasing trend during the 5 years period. This indicates the proportion of the companys capital that derived from debt is larger compared to other sources of capital. The total debt to equity ratio in year 2001 (108.475%) shows that the likelihood of insolvency in the company is greater especially during periods of earnings decline. The debt ratio of the company also increases over the 5 years period. It shows the portion of assets that is financed by creditors is increase from year to year. The return on invested capital ratio is fluctuated over the 5 years period. It shows 12.43% in 1999 indicates the company is able to attract financing compare with previous year. Kriss higher return on common shareholders equity as compared to its return on invested capital reflects the favourable effects of financial leverage. That is, Kris is successfully trading on the equity. Kriss cash flow adequacy ratio for the five-year period is 0.364, implying that funds generated from operations are insufficient to maintain dividends and current operating growth levels and there is a need for external financing. Kris sustainable equity growth rate in year 2001 is 12.14% compare with 10.01% in year 2000, markedly improve relative to prior years. This indicates better future growth in sales and earning. The year 2001 net income of RM19.771 million and dividend of RM 3.711 million leave sufficient funds for reinvestment and internally financed growth. While earnings per share increase from RM0.20 in year 1998 to RM0.42 in year 2001, the PE ratio was fluctuate during that period. Dividend yield was decline. Declining in dividend yield is attributable mainly to increase in PE ratio. YTL Cement Berhad Refer to Table 13, the company total liabilities decreased since 1999 with 65.1% compare to 36.36% (2002). Besides that, the overall total shareholders equity fluctuates each year with a moderate high percentage (63.64%) in 2002. The total debt to equity ratio is decreased from year 1999 to 2002. There is a sudden decreased of almost 70% from 186.506% in 1999 to 57.139% in 2002. Table 14 indicates that the sales and the net income of the company was in good condition for 4 consecutive years with an increment from 79% (1999) to 188% (2002) and net income increased from 21% (1999) to 438% (2002). In addition, we have forecasted the sales and net income using regression model for year 2003. As the result, estimated sales for year 2003 slightly decrease with the amount of RM 382,055,745.50 compare to 2002 with the amount of RM 422,639,071 while there is a rise in estimated net income for 2003 with RM7,454,009.69 (refer to Appendix). From the short-term liquidity ratio of YTL Cement Berhad, we analyze the companys inventory turnover. From Table 14, we can see that the companys inventory turnover increased over 4 consecutive years from year 1999 to 2002. We can also see that there is a sudden increased of almost 50% in 2000 due to an increased in YTL Cement Berhads sales from 109% in 2000 to 188% in 2002. This shows that there is effectiveness in managing inventory by YTL Cement Bhd. Besides that, CFAR for YTL Cement Berhad for 5 years period is 2.33 (refer to Table15). This ratio indicates that the company is able to cover cash needs without a need for external financing. The return on invested capital (ROIC) is increased from year 2000 to 2002. This is cause by the increment in the net income of the company over the past 3 years. Similar to ROIC, return on common equity (ROCE) of the company also increased. This is cause by the rise of the net income of the company over the past 3 years from 113% (2000) to 438% (2002) (refer to Table14). Sustainable equity growth rate (SEGR) recognizes the internal growth for YTL Cement Bhd depends on both earnings retention and return earned on earnings retained. There is an improvement on SEGR for 5 consecutive years from 1998 to 2002 after a sudden drop from 13.52% in 1997 to 1.58% in 1998 due to the occurrence of financial crisis (refer to Table15). From the view of financial market measures, YTL Cement Berhad EPS increased for 4 consecutive years from 0.03 in 1999 to 0.479 in 2002. This shows that the company earnings had improved over the periods. The company had lower PE ratio during year 2002, 2001, 2000 compare with the previous 3 years. This is good for the company. The company highest DY (5.12) was in 1998 compare to other years (refer to Table 15).

French education system essays

French education system essays D'abord, les tudes, en France, sont srieux ! Aux Etats-Unis on peut terminer le lyce sans passer un examen (mais à §a va changer tout de suite avec les nouvelle loi de Grey Davis notre `gouverner d'Etat de Califorie). En France les lycens doivent passer le bac, c'est dire, le baccalaurate. C'est un examen trs important qui marque la fin des tudes secondaires et qui determine, en grande partie, l'avenir des lycens. S'ils sont reà §us, ils peuvent aller l'universit et continuer leurs tudes. S'ils ratent le bac, ils peuvent redoubler et se reprsenter l'anne suivante, ou bien ils peuvent faire des tudes techniques, ou entrer dans la vie professionelle, ou, pour les garà §ons, faire leur service militaire. Il y a plusiers types de bac. Ils sont dsigns par des lettres. Dans chaque srie, l'lve doit choisir une spcialit. Il y trois sries principales avec leurs spcialits. Il y le Srie littraire, le Bac L avec langues vivantes, lettres classiques, art et mathmatiques. Le Srie conomique et sociale, Bac ES avec les spcialits de sciences conomiques et sociale, mathmatiques, et langues vivantes. Et finalment, il y a le Srie scientifique, le bac S avec mathmatiques, physique chimie, sciences de la vie et de la terre, et technologie industrielle. Ces spcialits sont important parce qu'elles dterminent le genre d'tudes universitaires qu'on peut faire, et, par consquent, sa profession future. Par exemple, si on veut à ªtre mdecin ou pharmacien, il est conseill de faire un bac S. spcialit sciences de la vie et de la terre. Si on pense faire des tudes de droit, et devenir avocat, il est pr ...