Sexually Transmitted Diseases

Introduction Sexually transmitted diseases (STDs) may be described as the type of diseases that are typically transmitted when an infected person engages in sexual intercourse with an uninfected person. A good and very common example is gonorrhea. It is caused by a bacterium, Neisseria gonorrheae, whose growth is favorable in the warm and humid parts of the human reproductive system.Advertising We will write a custom report sample on Sexually Transmitted Diseases specifically for you for only $16.05 $11/page Learn More In. women, the bacterium can grow in the uterus, cervix as well as the fallopian tube because these areas have favorable conditions for its growth and multiplication. In both men and women, it can grow in the urethra as well as the mouth and the anus. Gonorrhea has been a very common STD in the U.S. with an estimate of over seven hundred thousand people being infected every year with only half of the infections being reported to Center for Disease Control and Prevention (CDC). In 1980s and early 1990s, the rate of nationwide gonorrhea infections had reduced due to the introduction of a program to control gonorrhea in the mid 1970s. However, after many years of control, the rate elevated once more with 120 infections in every 100 000 population. Transmission Gonorrhea, just like other STDs, is transmitted through sexual contact with an infected person. The transmission may occur through anal entry besides the normal vaginal entry. Transmission may as well occur from mother to child. Engaging in a sexual relationship does not, however, mean that someone will get infected but rather may get infections that are transmitted sexually such as scabies. People who have had gonorrhea and received treatment are at a higher risk of being reinfected once they have sexual intercourse. Most infections in the U.S. occur among teenagers who engage in sexual activities. Anyone that is sexually active regardless of age can as well get infected. Signs of gonorrhea Not all men will show indications of gonorrhea infection. In some other cases, the signs may only take five days to show after infection has occurred. Generally, the signs of gonorrhea infection take as long as thirty days to show. The common symptoms in men include discharges from the penis alongside a very strong feeling of heat when one is urinating as well as experiencing a lot of pain in the testicles. Others will experience frequent urination (â€Å"Sexually Transmitted Diseases† 1). Most women who are infected with gonorrhea do not show any sign at all, but in others, the symptoms are often not severe. Other infected women have non-specific symptoms that are more likely to be thought of as vaginal infections. Just like men, infect women may initially experience painful urination. Other symptoms include increased passage of fluids through the vagina, a painful abdomen and excessive discharge of blood in between menstrual periods.Advertising Looking for report on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More Despite having less severe symptoms, women infected with gonorrhea are at higher risks of suffering from other diseases that are associated with gonorrhea. Both men and women may experience rectal symptoms such as anal itching, bleeding and discharge. When the throat is infected, the patient is likely to develop a sore throat. Fever may also be experienced in both infected men and women (â€Å"Gonorrhea Overview† 1). Diagnosis There are different laboratory tests for diagnosing gonorrhea besides a sexual and medical history. Samples from cervix, throat, urethra or the rectum can be obtained and analyzed in a medical laboratory. The easiest and fast laboratory test is the Gram stain test which helps in identification of the bacterium through observation under a microscope. Other tests include culture of samples and rapid test. The genital area may al so be examined by the doctor. An internal pelvic examination may also be conducted in women (â€Å"Gonorrhea Overview† 1). Treatment Both men and women who are infected with gonorrhea can be treated using antibiotics which may be administered in pill form or may be given as an injection. Some antibiotics only require a single dose to be given with only a few taking longer courses (â€Å"Gonorrhea† 1). The most common antibiotics used for treatment of gonorrhea are Ofloxacin and Cefixine. Hospitalization may be where complications have occurred especially in women who might develop pelvic inflammatory disease. It is equally important to inform the doctor or medical practitioner of a pregnancy because there are some antibiotics that should not be used by expectant mothers as well as young people below the age of eighteen years (â€Å"Sexually Transmitted Diseases† 1). Early diagnosis and treatment of gonorrhea is important in preventing other complications such as loss of fertility. The prescribed antibiotics should be taken appropriately to prevent resistance of the Neisseria gonorrheae bacterium to antibiotics. Complications associated with gonorrhea When gonorrhea is not treated early enough, the patient may suffer serious and complicated health problems. Women are more likely to experience abdominal pain and fever if the infection is not treated early enough. Its long time effect is damage of the fallopian tube and this can have adverse effects to the point of casing infertility. It also increases the chances of the patient to have an ectopic pregnancy where a fertilized egg grows outside the womb threatening the life of the mother and her unborn child (â€Å"Gonorrhea† 1). Infected men may experience pain in the ducts of testicles if the infection is not treated. If untreated, this condition may cause infertility. In some cases, gonorrhea spreads to joints and blood threatening the life of the infected person. This can happen to both men and women. People infected with gonorrhea have higher chances of contracting HIV virus as well as easily transmitting the HIV virus to other people who do not have gonorrhea (â€Å"Gonorrhea† 1). Prevention The most effective way of preventing gonorrhea infection is abstinence from sexual relationships or engaging in a monogamous sexual relationship. It is advisable for both partners to get tested to ensure that no one is infected before having an intercourse. Condoms when used appropriately can reduce the possibility of an infection.Advertising We will write a custom report sample on Sexually Transmitted Diseases specifically for you for only $16.05 $11/page Learn More Genital symptoms, commonly discharges and painful urination, should be reported to a doctor and sexual intercourse stopped immediately. Patients that have been treated for gonorrhea should inform their sex partners so that they can assistance from a health care practition er. People that are infected with gonorrhea should not engage in any sexual relationship unless they get cured completely (â€Å"Gonorrhea† 1). As infected mothers give birth, the infection may pass to the baby as well. Conclusion Gonorrhea is a serious disease that can cause health complications which may lead to death of infected persons. It is important for sexually active individuals to take preventive measures to avoid new infections. Having only a single sex partner should be exercised to prevent infections. When initial signs appear, individuals should see a doctor to prevent development of health Works Cited Diseases and Conditions. â€Å"Gonorrhea†. 2010. Web. Gonorrhea. â€Å"Gonorrhea Overview†. 2010. Web. McHenry, Kennedy. â€Å"Sexually Transmitted Diseases.† 2010. Web. Samuelson, Javies. â€Å"Gonorrhea.† 2010. Web. Sexually Transmitted Diseases. â€Å"Gonorrhea – CDC Fact Sheet†. 2010. Web.Advertising Looking for report on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More This report on Sexually Transmitted Diseases was written and submitted by user Amy Mcpherson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Communications and Media Digital Media

Communications and Media Digital Media Introduction Digital media is digitized content such as graphics, text, video and audio that can be transmitted over the internet and the computer networks. It is also a kind of electronic media in which data is stored and transmitted in digital form contrary to the usual analog form.Advertising We will write a custom research paper sample on Communications and Media: Digital Media specifically for you for only $16.05 $11/page Learn More The conversion and processing of the information in a digital media occurs in a digital format. There are several examples of digital media, but this paper is only going to analyze the digital television as a form of digital media (Jordan 15). Digital Television (DTV) Digital television is the transmission of video and audio in multiplexed signal, which is digitally processed as opposed to the analog data of the channeled separated signals of a non digital television. It signifies the adaptation and implementation of a diver sified number of broadcasting standards, which include the advanced television system committee (ATSC), the digital video broadcasting terrestrial (DVB-T), the terrestrial integrated services digital broadcasting (ISDB-T) and the digital terrestrial multimedia broadcasting (DTMB) (Kruger and Guerrero 31). The advanced television system committee system uses the 8 level vestigial sideband for broadcasting terrestrial while the digital video broadcasting terrestrial system utilizes the coded orthogonal frequency division multiplexing modulation and also supports the hierarchical transmission. The United States and some other few counties are the only ones that have adopted the advanced television system committee (ATSC). The digital video broadcasting terrestrial has to a large extent been adopted by most countries in Europe. On the other hand, the terrestrial integrated services digital broadcasting has a design that offers good reception to not only receivers that are fixed but also to the mobile or portable receivers. This system utilizes the two dimensional interleaving and the OFDM. The hierarchical transmission supports up to three layers besides using the advanced audio coding and the MPEG-2 video. Japan is the only country that has notably adopted this standard.Advertising Looking for research paper on communications media? Let's see if we can help you! Get your first paper with 15% OFF Learn More Meanwhile, the digital terrestrial multimedia broadcasting utilizes the time domain synchronous (TDS)-OFDM technology that makes use of a pseudo random signal frame that serves as the training symbol OFDM block’s gaurd interval. The DTMB standard has been adopted in the People’s Republic of China, Macau and Hong Kong. The broadcast television systems are supported by the digital television, which is displayed using a combination aspect of ratio and size. The digital terrestrial television broadcasting divides the format ra nges into the standard definition television (SDTV) and the high definition television (HDTV). The high definition television transmits the high definition video and can be transmitted over DTV in either the 1280*720 pixels using the progressive scan mode or the 1920Ãâ€"1080 pixels by the use of interlaced video mode. Both of them require the 16:9 aspect ratio for transmission. This makes the high definition television incapable of being transmitted using the analog systems that most current television sets utilize. This helps curb the issues that arise due to channel capacity. The standard definition television uses different technological formats depending on the technological applications of the territorial country. Cases in point include the use of 4:3 broadcasts in 640Ãâ€"480 format in NTSC countries and 720Ãâ€"576 in PAL countries. The 16:9 broadcasts uses the 704Ãâ€"480 format in NTSC countries and 720Ãâ€"576 in PAL countries. In order to save the bands, these resolution s can be reduced by broadcasters (Benoit 46). Conclusion Digital media has revolutionized the media industry and made data storage, processing and transmission easier. In this event many media players have embraced such technologies in their operations. The digital television has ensured that the analog television system stays in the past as it provides the viewers with crystalline clear images. It should therefore be the way to go for every media house and every viewer.Advertising We will write a custom research paper sample on Communications and Media: Digital Media specifically for you for only $16.05 $11/page Learn More Benoit, Herve. Digital Television: MPEG-1, MPEG-2 and Principles of the Dvb System. Oxford: Focal Press, 2002. Print. Jordan, Peter. Digital Media. Ultimo: Career FAQs, 2007. Print. Kruger, Lennard G., and Peter F, Guerrero. Digital Television: An Overview. Hauppauge:Nova Publishers, 2002. Print.

Differences nuclear power between france and germany Research Paper

Differences nuclear power between france and germany - Research Paper Example The first usage of the nuclear energy was to use it as a weapon and the nuclear bomb was thrown on Hiroshima and Nagasaki in 1945. The World War took a massive step in the history of nuclear energy research and the need of nuclear technology. Nuclear technology was required for the need of making the atom bomb. There was a race between all the powers to use this form of energy to deadly effects. America won and became the first to introduce it on the grander stage. Later as the war ended the race for nuclear technology did not end introducing a new usage for nuclear power-energy. France initially was extremely motivated towards the race of atomic warheads and weapons. However, in the field of energy development France did not concentrate much effort until the first oil supply shock of 1973. After the shock the government decided to concentrate solely on expanding the country’s nuclear power capacity. This decision was taken by the government looking at the fact that France had the engineering expertise and capacity but had very few other energy sources. Nuclear energy was a viable option because of its low output cost and high efficiency if managed effectively. (World Nuclear Association, 2011) Like many other countries Germany started the pursuit of nuclear energy in the 1950s. However, in the decade Germany was only able to develop a few reactors and none of them was on a commercial scale. Between 1960 and 1970 none of the reactors introduced be Germany could produce more than 1000 MW. The first commercial nuclear power station was introduced in 1969. First the reaction of the French will be analyzed. The survey commissioned by the state electricity producer EDF has conducted March 15 and 16 after earthquake in Japan on March 11. 1000 sample, 55 percent said they did not support the argument that the most important French Green Party to abandon nuclear energy. About 42 per cent is worth it. (Reuters, 2011) CÃ ©cile Duflot, leader of the Green Party

To what extent is there a responsibility on the part of business Essay

To what extent is there a responsibility on the part of business people to act ethically - Essay Example Nevertheless, the idea of ethics in business has gained momentum and until now much effort is being invested in turning business ethical (eg. Maclagan, 2008; Zolsnia, 2006). In lieu with this, the paper intends to address the question, to what extent is there a responsibility on the part of business people to act ethically? In order to answer this question, the electronic databases Academic Research Premier and Business Search Premier were searched using a combination of the following key terms: business ethics, social responsibility, and organization. Articles written only in English and published from the period of 1990 till 2008 were selected. Articles that provided an analysis of ethics and social responsibility in connection with business were included in the selection. Correspondingly, excluded in the selection were editorials, case studies, commentaries, mimeographs, and pamphlets. The reference list of the articles was searched to identify additional relevant publications. Moreover, it should be noted that the question that will be answered in this paper already has certain assumptions embedded within in the question itself. These assumptions are: first, business people are already expected to act ethically and as such, the necessity of clarifying the ‘extent’ of their responsibility becomes a little urgent. Second, the question also assumes that acting ethically falls within the concept of responsibility attributed to business people. This particular assumption has been criticised on the premise that as scholars in business and organizations continue to assume that acting ethically is a responsibility of business people and business, they fail to provide a clear conceptual analysis of the concept of responsibility (Comite, 2008). Thus, a vague appreciation of the connection between responsibility and acting ethically in

Film genre Essay Example | Topics and Well Written Essays - 1000 words

Film genre - Essay Example The initial Star Wars commenced as deliberate attempts by the author mainly to capture the underlying perception of the ancient science fiction and corresponding and escapade serials mainly employed in the operation prior to the featuring of the films within the movie theaters. The hallmark of the underlying serials in regard to the audience is not depicted within the initial episodes of the story and was mostly captured solely on the action. Thus, Lucas commences his film genre sequence with the Episode four that is the New Hope coupled with long scrolling illustrative text. He distinctly strives to evoke the underlying identical sense of being thrown into the underlying center of action. Nevertheless, Lucas encounter problem in regarding to big budget science fiction film because of the inadequacy of the generic models of drawing inspiration. This is also evident lack of similarity films made in the genre except for the very B- movies whose corny view Lucas struggling. In the previous respectable science fiction films, Lucas imaginably turns to inspiration such as in the A Space Odyssey (1968) and corresponding Andrei Tarkovsky’s Solaris (1972). Nevertheless, both the films were slow moving in regard to the philosophical art films that are not the kind of the underlying lofty adventure of Lucas. The genre that looks to be offering best combination of relatively lofty adventure, extensive setting and corresponding classic characters is found in the western. Western is a genre encompasses both the serial shoot that is it possess em-up adventures and corresponding epic tales set within a grand landscape. For instance, the prevailing rowdy cantina at the Mos Eisley spaceport is depicted as a setting of the frontline saloon full of the gamesters and corresponding rowdies thus lifted from any number of the western films. Moreover, Han Solo bears a robust resemblance to the underlying classic western gun for leasing with

The Impact Of Liquidity On Profitability Finance Essay

The Impact Of Liquidity On Profitability Finance Essay Padachi observed the trends in working capital management and its impact on performance of a firm. Return on assets and cash conversion cycle was used to measure the firms profitability and efficiency of working capital management respectively. He described that a firm should maintain stability between profitability and liquidity while maintaining its day to day activities. The manager of a business want to maximize firms value by achieving preferred tradeoff between liquidity and profitability of a firm. The results indicated that the more investment in inventories and receivables lower the profitability of a firm. Raheman Nasr (2007) discussed the impact of working capital management on profitability of a firm. They also highlighted that the basic objective of a firm is to maximize profit but maintaining liquidity is also an important objective. There will be a serious problem if firm increase profit at the cost of liquidity. Both objectives are important for the firm. If a firm does not concerned about profit then it cannot survive for a longer period. On the other hand, if a firm does not concern about liquidity it may face bankruptcy. They took 94 firms of Pakistan and analyzed that there is a negative relationship between liquidity and profitability of a firm. Michalski (2008) empirically analyzed the relationship between firms policy regarding net working investment and firms profitability. Too low liquidity level may come up problems with timely reimbursement of its liabilities while surplus liquid assets would negatively affect firms profitability. He discussed that decisions regarding liquidity is very difficult, a firm has to choose one of the three policies: first an aggressive policy i.e. a large part of the firms fixed and volatile demand to finance fixed assets is supported with short term financing, second a moderate policy i.e. a fixed part of current assets is financed with long term funds and volatile part is financed with short term funds lastly a conservative policy i.e. both fixed and volatile parts of current assets are financed with long term funds. Dash Hanuman (2009) were concerned about working capital management and they analyzed the liquidity-profitability trade-off model named as goal programming model. They supported that proper flow of fund is needed to run any business. A firm has conflicting objectives regarding liquidity and profitability so the goal programming model determines how targeted levels of profitability and liquidity would be achieved by maintaining current and fixed assets and at the same time minimizing opportunity cost. Their model proposed that working capital and inventory must be streamlined to profitability. Nazir Afza (2009) tried to find out the relation between aggressive working capital management policy and firms profitability by using panel data regression model and Tobins q of 204 Pakistani companies for the period of 1998-2005. They claimed that investors give importance to stocks of those firms which adopt aggressive policies to manage current liabilities. Their findings suggested that aggressive working capital investment and financing policies and profitability are negatively associated. They claimed that investors consider that firms which have less long term loans and equity can have better performance than the others. Burtescu (2010) documented the reflection of liquidity and profitability of a company in the accounting result. He emphasized that it is not adequate for a firm to follow only economic indicators but it is also essential for a firm to make sure its liquidity in its quality of a specific dimension of financial management. The information about solvency and liquidity are beneficial for a firm to predict the ability of a firm to fulfill its financial obligations. He argued that investors have a great concern about the cash flow of a company and it becomes obligatory for a firm to include cash flow statement in its annual financial statements. Gill, Biger Mathur (2010) attempted to examine the relationship between working capital management and profitability. They used sample of 88 firms listed on New York Stock Exchange for the period of 2005-2007. The results suggested that the relationship between cash conversion cycle and gross profit margin is statistically significant. They also concluded that account receivables and profitability are negatively associated. The managers can enhance profits of their company by handling the cash conversion cycle efficiently. Mohamad Saad (2010) attempted to scrutinize the impact of working capital management on profitability and market valuation of a firm. They analyzed the secondary data of 172 Malaysian companies for the period of 2000-2007. They took working capital variables such as cash conversion cycle, current ratio, debt to asset ratio, current asset to total asset, current liabilities to total asset and profitability variables are return on asset and return on invested capital. By using multiple regression analysis and correlation, their results revealed that working capital variables have negative association with firms profitability. Firms cannot exist without working capital and it can improve the profitability and market value of a firm. Dong Su (2010) also conducted a study to find out the relationship between working capital management and firms profitability. The working capital management has an important part in the success and failure of a firm because it has a great impact on the profitability and liquidity of a firm. Their sample is based on 130 firms which are listed in Vietnam stock market for the period of 2006-2008. Their findings proved that profitability and cash conversion cycle is strongly negatively associated. By optimum working capital management, the managers may create a value of stock for the shareholders. The firm should maintain a balance between its two objectives; profitability and liquidity. One objective should not be achieved at the cost of other. Their findings also suggested that profitability can be increased by decreasing the number of days accounts receivable and inventories. Saleem Rehman (2011) observed a significant relationship between liquidity and firms performance. Liquidity of a company is very important for its every stack holder. If a firms cash and near cash assets are insufficient to satisfy its immediate payment obligations than firm may face difficulties. This can affect firms day to day business operations and profitability. They evaluated that liquidity and profitability are inversely related, one increases the other will decreases. Bhunia, Khan Mukhuti (2011) provided the evidence with respect to the relationship between liquidity and profitability of a firm. They took steel companies of private sector in India to assess the management of liquidity as a factor of performance. They studied important liquidity indicators and analyzed that optimal working capital management can be achieved by controlling the trade-off between profitability and liquidity of a firm. Firm value is positively affected by optimal working capital management so the investment in working capital must be satisfactory. They concluded that liquidity and profitability are significantly positively associated. Saghir, Hashmi Hussain (2011) studied the relationship between working capital management and profitability of a firm. They used cash conversion cycle to measure working capital management efficiency and return on asset to measure profitability while analyzing the financial data of 60 textile firms listed on KSE for the period of 2001 to 2006. They suggested that smooth inflow of profit is mainly affected by the optimum point of working capital. Working capital means companys current assets and it has a direct effect on the liquidity and profitability of a firm. According to the risk and return theory, when firms liquidity of working capital is high then it has low risk and low profitability and vice versa. The shorter cash conversion cycle is better for the firm profitability. Their result shows the negative relation between working capital management and profitability of a firm. Alipour (2011) researched about working capital management and corporate profitability while taking sample of 1063 companies from Tehran stock exchange. To test the hypothesis, multiple regression and pearsons correlation was used. He analyzed that sale and profit of a company is greatly influenced by the working capital management. Due to inefficient working capital management, a company may be incapable to pay its debts on time. The results show a significant relationship between working capital management and profitability of a company. There is a negative relationship between cash conversion cycle, average collection period, inventory turnover in days and profitability. Qazi et al. (2011) examined the impact of working capital on the profitability of a firm. Using the financial data of Pakistani automobile and oil and gas industry for the time period of 2004-2009, he proposed that the important components of working capital are debtor, creditor and inventory. The efficient and effective working capital can create value of the shares to shareholders. He persuaded that maintaining the companys liquid level is a major task of a company. So, by ignoring liquidity objective, company may face insolvency or bankruptcy. Their results showed the positive impact of working capital on profitability. Ching, Novazzi Gerab (2011) scrutinized the financial statements of two separate groups of companies: working capital intensive and fixed capital intensive having16 companies in each group listed on Brazil Stock exchange during 2005-2009. They used return on assets, returns on sales and returns on equity to measure profitability and cash conversion cycle, debt ratio, days receivables, days inventory and days of working capital are used as independent variables. Their results showed that managing working capital is very important for both type of companies. Moreover, working capital intensive type of company gets more profit by managing inventory and cash conversion efficiency at optimum level and fixed capital intensive type of company yield more profit through other two variables. Karaduman et al. (2011) also investigated the link between management of working capital and profitability of a firm. In the recent economic conditions, the survival of a firm greatly depends upon the ability to manage its financial function. Their sample is based on 127 companies listed in the Istanbul Stock Exchange during 2005-2009. The cash conversion cycle was used as a proxy of working capital management and returns on assets was used to measure profitability. The results portrayed that ROA is positively affected by the reduction in CCC. The profitability is increased by developing efficiency of working capital. Alam et al. (2011) studied the influence of working capital management on the profitability and its market value of firms which are listed on Karachi stock exchange. They claimed that a misconception that firm survival is based on its profits has been cleared due to the present liquidity crises. They used financial data of 65 companies listed on Karachi Stock exchange during 2005-2009. Return on assets and returns on invested capital were used as proxy for measuring financial performance of the firm, Tobins Q was used to determine the market value of a firm and five financial ratios such as cash conversion cycle, current ratio, debt to asset ratio, current asset to total asset ratio and current liabilities to total asset ratio were used as dependent variables. Their empirical results presented sufficient evidence that firms strongly depends upon current assets to generate profits. Ogundipe, Idowu Ogundipe (2012) provided evidence regarding the influence of working capital management on performance of a firm and its market value. They collected data from annual reports of 54 Nigerian companies for the period of 1995-2009. They explained working capital management as management of current assets and current liabilities and it has a direct effect on firms profitability and market valuation. Their findings suggested that as cash conversion cycle decreases firms profitability increases and efficient working capital management also increases the market value of a firm. Barine (2012) established the relationship between efficient working capital management and firms profitability. Working capital management ensures a firms ability to satisfy both short term obligations and forthcoming operational expenses. They compared the cost and returns of working capital of 22 listed firms on Nigerian stock exchange. Their findings proposed that if cost of working capital is greater than returns on working capital investment then it negatively affects profitability and firms should have optimized working capital investments to stay away from over or under investments. Bhunia (2012) explored the influence of liquidity on profitability while taking the sample of FMCG companies in India during 2001 to 2010. He argued that working capital management plays an important role in the financial management decisions of a firm and managers should manage the trade-off between liquidity and profitability to attain optimal working capital management as it can create value for the firm. By using applied normality test, correlation and regression, the results indicated that liquidity and profitability are positively associated. The research of Vahid, Mohsen and Mohammadreza (2012) also highlighted the affect of working capital management policies on firms profitability. They explained that working capital management has a great impact on profitability and liquidity of a firm and it is responsible for the success and failure of a firm. Their sample consists of 28 Iranian companies listed on Tehran stock exchange for 2005-2009. Their results suggested that conservative investment policy i.e. high level of short term investment have a negative impact on profitability and value of a firm, while aggressive investment policy i.e. long term investment have positive impact on profitability and value of a firm. Their results also showed that aggressive financing policies i.e. high level of current liabilities to finance firms project have a negative impact on profitability and value of a firm, while conservative financing policies i.e. having more long term liabilities to finance firms operating activities have a po sitive impact on firms profitability and value. Al-Mwalla (2012) tried to observe the affect of working capital management policies on the profitability and value of a firm. He persuaded that a firm has to maintain adequate level of working capital to fulfill its short term obligations. Therefore, a firm can adopt one of the two policies; a conservative policy by maintaining low level of current assets to total assets or an aggressive policy by keeping high level of current liabilities to total liabilities. He took annual data of 57 firms listed in Amman Stock Market during 2001 to 2009 for analysis. The results portrayed that conservative policy of investment and financing are positively associated with profitability and value of a firm. Ahmad (2012) highlighted the influence of working capital management on forms performance while taking a sample of 253 companies related to non financial sector listed on Karachi Stock Exchange, Pakistan. He use ROA and ROE as proxy of firm performance and current asset over total sales, current asset over total asset, debtors turnover, current ratio and inventory turnover as proxies of working capital management. Using OLS regression, Pearson correlation analysis and logistic regression techniques, he found that all explanatory variables are positively correlated to firm performance except current assets to total sales as it has a negative correlation with firm performance. Usama (2012) extended the work of Rehman and Nasar regarding working capital management while taking the sample of 18 companies from other food sector listed on Karachi Stock Exchange for the period of 2006-2010. The researcher used different variables to measure working capital management such as average collection period, inventory turnover in days, cash conversion cycle, average payment period, debt ratio, firm size, current ratio, and financial asset to total asset. Using common effect model and pooled least square regression, the results indicated that working capital management has significant positive association with firms profitability and liquidity. He also concluded that firm size and minimum inventory turnover in days has positive influence on firms profitability. Myers (2001) purported that there is no general theory regarding debt and equity choice. He discussed three main theories for the choice of debt and equity. He described that according to trade off theory firms adopt that debt level which balances the tax benefits of additional debt against the cost of financial distress. Debt financing gives a tax shield to a firm therefore they took high level of debt to gain maximum tax benefits and eventually increase profitability. However, the increase of debt financing increases the possibility of bankruptcy. According to pecking order theory, when firms internal cash flow is not enough to fulfill its capital expenditure then firms prefer debt on equity. Mostly low profitable firms entail external financing and accumulate debt. According to the free cash flow theory, when a mature firm has profitable investment opportunities and its operating cash flow is considerably exceeds its investment opportunities, so this dangerous level of debt will h ave a positive effect on firms value regardless of threat of financial distress. Berger Bonaccorsi di Patti (2003) supported that leverage has a direct impact on agency cost which influences firm performance. They proposed that high leverage or a low equity capital ratio causes to reduce the agency cost related to outside equity and raises firm value. They used annual information of U.S. commercial banks from 1990 to 1995. Their result showed that a 1% increase in leverage decrease equity capital ratio surrenders a predicted 6% increase in profit efficiency. Fama French (2005) described the financing decisions of firms. They tested predictions of pecking order theory about financing decisions and claimed that more than half of their sample firms defy the pecking order predictions. Their first result is against the pecking order prediction that firms hardly issue stock. Under their sample, 67% of the firms issue stock each year during 1973-1982 and it rises to 74% for 1983-1992, and 86% during 1993-2002. So, equity decisions of a firm frequently violate the pecking order. Second prediction is that capital structure of a firm is derived by asymmetric information problem but their findings are against this prediction. They suggested that this problem can be avoided by issuing equity through different ways. Elsas, Flannery Garfinkel (2006) studied firm major investment, financing decisions and long run performance. They took 1,185 U.S. firms which made huge acquisitions or capital expenditures during 1989-1999. They observed that large firms financed their new investment with debt whereas equity has a small role. With the passage of time, new debt replaced with equity funds. Small firms mostly rely on issuing equity when financing its new investments to replace debt while internal cash flow is used by medium sized firms. They analyzed that debt financing produces negative long run performance more than equity financing whereas financing with internal funds never produce important share underperformance. Dittmar Thakor (2007) developed a new theory of issuance of security that is when stock prices are high then firms issue equity. This issue is contradictory with the two major theories of capital structure: pecking order and trade off theory. The main idea of their theory is that managers decision about security issuance is based on how their decisions will influence the investment choice of the firm and how this choice will influence the post-investment stock price of the firm. After the investment in the project, managers are more concerned about the stock price and the long term equity value of the firm. The shareholders and bondholders may object to the managers choice of investment because they have dissimilar beliefs regarding the value of the project. Their findings suggest that firms which issue equity have higher stock prices, higher values of agreement parameter and higher increase in investments.

How is Act 1 scene 3 dramatic for both modern and Jacobean audiences? Essay

This scene comes quite early in the play. It is the first real section of plot in the play. In the previous scenes, we have only really been given the history of the characters and are introduced to the characters. In the first scene, three weird sisters or witches are holding a meeting. They arrange where their next meeting will be held. FIRST WITCH Where the place? SECOND WITCH Upon the Heath. THIRD WITCH There to meet with Macbeth This creates suspense, as we know that Macbeth is an important character as he is the title role, but we do not know why he would want to meet with the witches or why the witches would want to meet with him. This scene makes this scene more dramatic. The fact that the scene opens with the witches suggests that they will be important later on and so when we see them again the audience assumes that something exciting is going to happen. William Shakespeare uses to create drama. This scene has many different interpretations and could be staged in many different ways. In the RSC production of Macbeth (1978), starring Judy Dench and Ian McKellen, this scene is staged with the witches all close together, writhing on the ground. They are dressed from head to toe in black rags and shawls cover their faces. When the shawls are removed, we can see that they are hideous. Their faces frighten the audience, adding to the drama. The third witch is portrayed as the most powerful witch, but also he most hideous. Spit is hurled from her mouth as she talks and she seems to have no control over whether she is dribbling or not. This physically repels Macbeth and the audience and ads to the drama of the scene. Macbeth and Banquo have an air of swaggering bravado, but in an exaggerated way, as if they seek to cover their fear. The fact that we can tell that they are afraid makes us more anxious as we know that they are hardened fighters, with seemingly no fear. This scene is also in semi-darkness, which adds drama as we imagine their surroundings and we cannot really see what is happening. The Edward Hall production of Macbeth (2002), starring Sean Bean and Samantha Bond, shows the witches as beautiful women. They begin the scene with their heads covered by a shawl and are also dressed in black, but they wear beautiful satin dresses. They are positioned at the front of they stage at in the centre and at the two corners so when Macbeth and Banquo arrive on the scene, they are surrounded. This is dramatic as the audience can see that it will be hard for Macbeth and Banquo to escape if the witches attack them. In both of these productions, Macbeth’s soliloquies are said aloud as they are stage productions. This seems dramatic as it feels as if everyone else can almost hear Macbeth’s secrets, ideas, and plans. Although it is obvious that we can hear Macbeth’s thoughts in a way that the characters in the play cannot, there is still a little bit of excitement as to what would happen if his thoughts were overheard. The film version of Macbeth directed by Polanski (date), starring Jon Finch and Francesca Annis, is staged very differently to either of the stage versions. Because it is filmed, not acted Polanski is not restricted by any of the problems of a stage production. This scene is set outside in the Scottish Highlands. This is dramatic as it is more realistic. The witches vary in age and in looks. Two of the witches are very old and ugly, but the third is young and pretty. In contradiction with the RSC production, this witch is silent and does not seem to be able to speak. Shakespeare uses imagery to make this play dramatic. Shakespeare first creates an ominous atmosphere. The witches are involved in cursing a sailor. I’ll drain him dry as hay: Sleep shall neither night nor day Hang upon his penthouse lid; He shall live a man forbid. This shows us how the witches are capable of killing a man. This adds to our fear. This can also symbolise what is in store for Macbeth’s life, which is like a turbulent sea. The sailor is captain of a ship, just as Macbeth will be King and like the captain who lost everything so Macbeth will have his downfall. It shows how Macbeth will weather the storms of life. This prepares the audience for the fact that they will be witnessing unpredictable events, and much confusion adding suspense. They rhyme of the witches’ words and metre add a chant like quality to what the witches say. I’ll drain him dry as hay: a Sleep shall neither night nor day a Hang upon his penthouse lid; b He shall live a man forbid. b Shakespeare gives the witches an unstructured metre, different to the strict iambic pentameter of the other characters, to make them seem different, almost supernatural. This also refers to a traditional belief that witches spells are chanted. Shakespeare also uses alliteration, assonance, and internal rhyme to add drama. Thrice to thine, and thrice to mine, And thrice again, to make up nine. The alliteration of thrice and thine and the assonance of the -ine sound add to the supernatural feeling. Shakespeare also gives the witches single syllables meaning each word sounds heavy. This supports the heaviness of what the witches are planning. The witches also stress the number three. They repeat it three times. In our culture the number three, has always held an importance and some kind of magic. When Macbeth and Banquo enter, Macbeth says ‘So foul and fair a day I have not seen’. This reminds us of the first scene where the witches chanted, ‘Fair is foul, and foul is fair’. This serves as a reminder that the witches are hidden in wait for Macbeth and Banquo and reminds us that they wish to meet Macbeth, adding suspense. The witches speak in riddles to Macbeth and Banquo. FIRST WITCH Lesser than Macbeth and greater. SECOND WITCH Not so happy and yet much happier. THIRD WITCH Thou shall get kings, though thou be none.