Euthanasia and Assisted Suicide are Murder :: Euthanasia Physician Assisted Suicide

Euthanasia is Murder Euthanasia - is it killing or letting die? In the last thirty years, this has been a highly controversial topic, the worldly morals versus the Christian. Although there are certain instances where it is justifiably considered to be letting die, it is essentially murder. Euthanasia comes from a Greek word, meaning "easy death," and is now often associated with the infamous Dr. Kevorkian. There are three types of euthanasia - what doctors consider to be "letting the patient die," for instance taking both conscious and unconscious patients off of life support, not reviving the patient in case of a heart failure, et cetera. There is also assisted suicide. Dr. Kevorkian and his suicide machine have made themselves known through this technique. The machine injects a lethal dosage into the "patients" blood stream, killing then painlessly within ten minutes. The first type mentioned above is known as "active voluntary euthanasia." This is where a conscious, mentally competent person, usually with a severe physical ailment, loses the will to live. Many have said that keeping them alive is just prolonging their death, a form of cruel and unusual punishment. They may ask that life support equipment be disconnected so that they can die quickly, painlessly, with dignity. Most doctors are trained to try their best to defeat death, or at least try to delay it as long as possible. But if the patient is hopelessly ill, and would prefer to die, the doctor may consult the hospital ethics committee, and take him or her off of life support. When taken to court in these issues, the doctors defend themselves in saying, "I didn't kill him, I let him die." This is illegal throughout the United States and the rest of the world, but it still is a common occurrence. The second type, "passive voluntary euthanasia," is done when a terminally ill patient's or a patient in a persistent vegetative state's (PVS) family chooses to take their loved one off of life support. A PVS patient has no self-awareness or any awareness of their surroundings because the cerebral cortex, the thinking part of the brain, id dead. The brain stem, the part of the brain that controls the major organs of the body, still works, though.

Government Intervention: Airbus and Boeing

Government Intervention at Boeing and Airbus Towards the beginning of aircraft manufacturing, Boeing and McDonnell Douglas stood as the leading aircraft manufacturers on a global scale. Working alongside the U. S. Department of Defense, Boeing received multiple contracts aiding the industry with tax breaks and infrastructure support. Meanwhile, Spain, France, Germany, and Britain formed an alliance to help start the second most leading aircraft manufacturer, Airbus. Since democratic socialism was the current system in Europe, it was customary for the government to play such a large role.Thus, Airbus received billions of Euros in subsidies and soft loans from these founding governments. Not only did their money nurture the birth of Airbus, but also helped this company to continue to succeed and compete against Boeing. In their defense, EU officials claimed that this stimulated approximately 53,000 jobs, created a large capital in Europe, and generated massive tax revenues. By the 2000 ’s, Airbus ended up exceeding Boeing’s sales, which led the United States to bring the case to the World Trade Organization.On the contrary, EU came back with a counter-claim stating that the United States had massive defense contracts with Boeing, and even an alliance with Japanese business partners such as Kawasaki and Mitsubishi. The Japanese partners, alone, funded $1. 5 billion in soft loans. The heavy subsidies and soft loans provided by the EU can be considerably unfair in the development and success of Airbus. With the support of the four countries Spain, France, Germany, and Britain, Airbus is practically incapable of failing.The main issue to be argued is not how the governments of the four founding countries helped the birth of Airbus, but how the millions of dollars in aid and â€Å"loans† are allowing Airbus to quickly gain market share and help surpass Boeing’s annual sales. Airbus has several advantages in terms of gaining such a healthy su pport from the EU governments. For example, they can cut their costs in production, and use those finances towards market research, and better understanding and mastering the market.According to BBC News Article â€Å"Europe Considers Airbus Soft Loan†, the aid helped Airbus gain the A350 aircraft at a lower price, and thus compete in the same market as Boeings 787 Dreamliner. In terms of Europe’s history of socialism, it is more acceptable for such government aid since the government plays a large role in mass transit. However, these loans and grants still cross the line, and the government has intervened too much in such a private industry. At the same time, the U. S. military contracts are equivalent to subsidiaries. Although the U. S. military has defense contracts with Boeing, they do not own Boeing.The U. S. military would not want a foreign country producing its defensive weapons. It makes sense that they would be involved in contracts with the largest global ai rcraft manufacture in the United States. It is felt by the United States government that contracts with the United States military are not the same as direct grants from the United States government. Through this arrangement, Boeing receives an unfair advantage. Over the years, Boeing has received $23 billion United States taxpayer dollars. Boeing also received infrastructure support and tax breaks from the government.In 2010, the WTO found Airbus to be illegal because they had acquired $20 million dollars in EU aid. It appears that the Americans are helping to fund Boeing, while the Europeans aid Airbus. Much like it’s French competitor, Boeing enjoys considerable benefits from the state of Washington. Boeing employs more than 80,000 people in Washington State; providing high salary, high skill jobs to Washingtonians. In order to keep the company’s headquarters in state, Washington has provided significant corporate tax breaks and infrastructure support. State tax dol lars are used to make sure doing business is easy in Washington.At this point, evaluating fairness is pure conjecture. It can be argued that the USA’s lawsuits against European subsidies provided to Airbus are hypocritical, if Washington is offering government benefits as well. Washington operates in a legal grey area when it comes to international trade. As Washington is not it’s own country, it cannot be held to World Trade Organization standards. The US government argues that the tax-breaks and infrastructure development provided by Washington State are miniscule when compared to the billions provided in subsidies and soft loans to Airbus.Washington’s tax breaks and infrastructure assistance are obviously advantageous for Boeing. Judging whether it gives Boeing an unfair competitive advantage is, again, pure conjecture. It is beneficial to recognize how small such advantages seem when compared to the billion dollar subsidies offered to Airbus and the defense contracts offered to Boeing. Airbus generates a huge amount of money and employs thousands of people in the world. Currently the European Union is supporting the company financially through multiple loans.The Airbus Company is not responsible for paying back their past debt unless they make a profit. Boeing has brought about multiple lawsuits in regard to the government support, and believes that Airbus would not be able to continue if they were not supported by the European Union. It can be suggested that the European Union will not discontinue support to Airbus because of the 53,000 people who are employed by the company. Airbus also generates a lot of money for Europe and would not only cost the jobs of 53,000 people, but also a huge market for European profits.The European Union’s support of Airbus is in its best interest of the economy for Europe. There would be a huge loss of jobs for Europe and the economy would be directly affected. The benefits from Airbus to Europe are much more valuable to them than the money they may be losing from their investment. At the same time, Boeing is also benefiting from the support of the United Nations. In recent years, the government has been supporting Boeing as means of competing with the European government support towards Airbus.In the event that the world trade organization rules against Airbus, and tells it to stop providing subsidies, Airbus will most likely find alternative ways to preserve their company. They would most likely find different ways to provide loans. They would also argue that this is what the US is doing, like the subsidies they’ve received from Japan. Maintaining the aircraft industry is very difficult because there are many expenses that go into making and conserving an aircraft. Airbus would have to seek help elsewhere to assist with the finance so that they could turn a profit while still holding up competition with Boeings newer aircraft.Although this is most likely what they would do, a new approach that could help them without using subsides is finding newer and more effective forms of technology. Inputting newer technological advances would make the Airbus airplane more desired than the Boeing airplanes. New technologies may include a fuel-efficient airplane, or an airplane built with more comfort; by making the aircraft more appealing and run cheaper, they might be able to beat out the competition of Boeing without help from the government. This approach is how Airbus can again be a leader in the global commercial aircraft industry.

Philip Zimbardo s The Lucifer Effect On Understanding...

Philip Zimbardo is one of the greatest American psychologist’s of our time. Zimbardo is an extremely intelligent psychologist with many accomplishments. He has spent most of his life committed to researching how and why people’s behavior change in situations, unexpectedly. For example, a good person committing a bad crime. Zimbardo’s research has brought a lot of knowledge to the study of psychology. His work has helped me to better understand the reasoning behind people’s behaviors and actions. One of his best accomplishments and famously known for is the Stanford Prison Experiment. Philip Zimbardo is also an amazing author of many books, including the book, The Lucifer Effect: Understanding How Good People Turn Evil. The Lucifer Effect makes an effort to perceive the significance of how good people turn bad. The book views the lives of people who are put into difficult situations. It seeks to identify the fundamental problem the person has. The fundamental problem that seems to raise question is the distinctiveness of character transformations when put into certain situations. There are examples about character transformation all throughout the book. In the first chapter, The Rape of Rwanda shows a perfect example. It’s shocking to read how the influence of one person changed the two villages. The beliefs of that one person altered the minds of thousands. Men and women’s thoughts were changed into thinking it was ok to kill. It’s disturbing to know howShow MoreRelatedSummary : Leviathan 1156 Words   |  5 Pagespresence of adults or authority; and, thus, kids became more accustomed to anarchy. Due to this lawless environment, the evil human nature gradually overto ok Jack and his hunting group and eventually led to savagery. Although there is no reason to behave in a polite manner, Ralph suggested that they ought to have rules and let kids vote for a chief to control them (P58). Despite Jack s burning passion to win the title, Ralph was voted the chief as he was the person who created the assembly and possessedRead MoreRhetorical Analysis Of The Lucifer Effect 846 Words   |  4 PagesRhetorical Analysis: The Lucifer Effect The Lucifer Effect examines how the human mind has the capacity to be infinitely caring or selfish, kind or cruel, creative or destructive. This work analyses the Stanford Prison Experiment, and the author’s personal experiences as an expert witness for one of the Abu Ghraib prison guards, to raise fundamental questions about the nature of good and evil. Mankind wants us to believe that there is a little good in all of us. Zimbardo created a min blowing experimentRead More`` The Lottery `` By Shirley Jackson894 Words   |  4 PagesAccording to Philip Zimbardo the author of The Lucifer Effect: Understanding How Good People Turn Evil, he says â€Å"Good people can be induced, seduced, and initiated into behaving in evil ways. They can also be led to act in irrational, stupid, self-destructive, antisocial, and mindless ways when they are immersed in total situations that impact human nature in ways that challenge our sense of the stability and consistency of individual perso nality, of character, and of morality† (Philip). In the shortRead MoreThe Stanford Prison Experiment : Research On Situational Power Essay1883 Words   |  8 PagesSocial psychologist, Philip Zimbardo, has lead one of the most infamous experiments in the modern history with the Stanford Prison Experiment. The immense popularity of the experimental research on situational power, although having cultivated great recognition, has overshadowed the multiple contributions and accomplishments that Zimbardo continues to assume in his lifetime. Many of Zimbardo’s recognitions have been brought upon due to the Stanford Prison Experiment, yet in this paper will extensivelyRead MoreOverview and Significance of Zimbardo’s Prison Experiment1825 Words   |  8 Pagesordinary people do unusual things that seem alien to their natures? Why do good people sometimes act evil? Who do smart people sometimes do dumb or irrational things? Zimbardo is one of the most significant social psychologist and all his work aims to find the answers to these questions. The purpose of this paper is to go into depth on the previous prison experiment, how it came about, and how the findings play a role in society today. The Life and Times of Zimbardo Philip George Zimbardo was bornRead MoreStanford Prisoner s Experiment And Electric Shock Experiment1120 Words   |  5 Pagesconducted by psychologist Philip Zimbardo at the Stanford University in 1971. 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The majority of people areRead MoreMajor Categories Of Social Influence : Conformity, Compliance, And Obedience2039 Words   |  9 PagesKatrina Venta PSY 226 Community College of Aurora March 11, 2016 Abstract There are three major categories of social influence: conformity, compliance, and obedience. Conformity is the change of behavior to be able to fit in and gain approval from other people. Compliance, on the other hand, is when a person changes their behavior in response to being asked directly. While obedience is a response to an authority figure directing an individual (Kenrick, Neuberg, Cialdini, 2010, p. 183). These social influencesRead MoreCritique the Power of Organizations from Weberian and Goffmanesque Perspective in the Stanford Prison Experiment1780 Words   |  8 Pagesofficials following rules and supervised by officials in a higher office under the enforcement of legal authority. Goffman’s research on mental patients in ‘Asylums’ is at the forefront of understanding ‘total institutions’. His research gives us an insight into the world of the inmate, thus gaining an understanding of the ‘structure of the self’ and ‘mortification of the self’ in an institutional setting (1959 Goffman). Goffman identified that individuals ‘perform’ social roles, suggesting we areRead MoreEthics Of The Medical Waste Management1496 Words   |  6 Pagest your concern. Considering her situation, Chantale need keep her job and still has faith in management, so brings this matter to us. Ethical behave and cost controlling are always the issue question our mind. Initially the hospital seeks to be a good corporate citizen and therefore chose Cleanco for the contract as Cleanco has a reputation for disposing of waste in an environmentally responsible manner. As the Medical Waste Management, Cleanco choose a local municipal landfill instead of professional

The Big Three Ancient Greek Philosophers - 1107 Words

Throughout the history of the world, a multitude of individuals have risen above the expectations of society to be remembered for centuries to come. A large number of these individuals have been great leaders through history such as monarchs and dictators of some of the greatest nations in the world such as Julius Caesar, Queen Elizabeth, and George Washington. Others may include war heroes such as Achilles, Alexander the Great, and George Armstrong Custer. Yet, some of the most influential people in history also represent some of the least known. A majority of these individuals are philosophers such as Plato and Aristotle. These two philosophers are regarded as two of what some call the Big Three of Philosophy. â€Å"Socrates, Plato, and Aristotle. You can’t begin a study of world philosophy without talking about these guys: the Big Three ancient Greek philosophers†(Cohen). Aristotle was Plato’s student, and the remaining member of the Big Three was Platoâ€℠¢s teacher, Socrates. Socrates is regarded as one of the most influential thinkers in history. This assumption coming from Dialogues written by Plato due to the fact that Socrates never wrote anything down. â€Å"Socrates himself never wrote anything; all his ideas were written down by his student, Plato†(Digital Humanities Editors). By studying these dialogues, one will soon begin to view Socrates as a very intriguing individual. Socrates can be considered intriguing through many aspects of Plato’s dialogues including, the types ofShow MoreRelatedAncient Greek And Romes Impact On Western Literature1642 Words   |  7 Pagesimpact greek and roman culture had on western civilization The ancient Greeks and Romans were two of the greatest civilizations of the ancient world. The two civilizations thrived in their ancient environments which eventually led to a large amount of wealth within these two cultures. It is because of this that these ancient cultures were able to make a variety of advancements in literature, architecture, art and many other fields. These two civilizations also produced some of the ancient world’sRead MoreEssay about How Greek Philosophers Affect our Learning Today1403 Words   |  6 PagesCited†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..6 A. Plan of Investigation: The topic, Greek Philosophers, could be a very broad topic to write a research paper on. However, the plan of action, which will occur to create this report, will ensure that the end product will be different from the rest. The topic is not just about Greek Philosophers, but rather how it affects our learning today. There were many Greek Philosophers who produced great ideas and all of them contributed to our modern knowledge. 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The Ancient Greeks were different from their neighbors in two major ways: they spoke in a different language, and they had a religion basedRead MoreAristotle s Theories Of Aristotle729 Words   |  3 PagesAristotle’s Theories Aristotle was an ancient Greek philosopher. He was born in 384 B.C in Stagira, Northern Greece. At an early age he went to study at Plato’s Academy. Aristotle was the student of Plato. However, Aristotle’s scientific approach was much different than Plato’s. Aristotle was known as teacher to famous Alexander the Great. Later on Aristotle opened his own school, the Lyceum at Athens. Aristotle is an important image because he is the father of Science. Aristotle had many contributionsRead MorePlato s Life And Accomplishments874 Words   |  4 PagesPlato, a Greek philosopher, was born in Athens, in 428 B.C. under the name Aristoles. In his youth, he was a wrestler, that’s how he got the name ‘Plato’, that was his ring name. 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Essay about Memorys Ghost in Beloved - 1576 Words

Memory’s Ghost in Beloved â€Å"A moment lasts all of a second, but the memory lasts forever†- Anonymous In Toni Morrison’s Beloved, the concept of memory is so intertwined with the novel that it is becomes a character; like any character it has impulses, it breaths, it moves, it pushes action forward, and it prevents it; if repressed it sometimes fights; it gives life, and attempts to take it away. Memory and identity are inseparable and interchangeable; what happened in the past becomes not only a part of you; it is you; in the same light it is also possible to identify a strongly felt emotion with a previous memory; a memory of how you felt during a traumatic situation that is played over your daily life, almost like a sensory†¦show more content†¦For Sethe, her past and her present are at conflict, and this conflict only increase with the arrival of Paul D., a man who has locked up memories of Sweet Home, and of Alfred, Georgia, in an internal rusted box. Here Boy, the lame dog at 124 whose name represents the current and present place, runs off. At 124, a gap is developed; what is in the present and the past become converged and equal; what was memory, now lives in the current. There is no fading of memories, no forgetting; what happened eighteen years ago to Sethe and her children is as real as the hand in front of her face; she is incapable of separating the two. Beloved, as a manifested spirit, her existence equal memory of the â€Å"sixty million and more†; she cannot survive without feeding off of Sethe, Beloved’s control on Sethe and her memory is like a leach, the more Beloved wants, the less Sethe becomes; to survive on her own Beloved needs Sethe’s memories: â€Å"It became a way to feed her. Just as Denver discovered and relied on the delightful effect sweet things had on Beloved, Sethe learned the profound satisfaction Beloved got from storytelling, â€Å"(69). Beloved’s need to hear of Sethe’s previous life was so deep it could be seen:Show MoreRelated The Historical Trauma of Slavery in the Film Version of Toni Morrisons Beloved3134 Words   |  13 PagesVersion of Toni Morrisons Beloved The film Beloved was released in 1998 to mixed reviews. The movie, based on Toni Morrisons novel, tells a ghost story from an African American perspective. It takes place only a few years after the abolishment of slavery, with the traumatic scars still fresh and unable to be healed. In the film the protagonist, Sethe, is revisited by the ghost of the daughter she murdered eighteen years earlier. I shall argue that her daughter, Beloved, is the embodiment of theRead MoreDuty Honor Country2056 Words   |  9 Pageslong, and a people I have loved so well, it fills me with an emotion I cannot express. But this award is not intended primarily to honor a personality, but to symbolize a great moral code -- the code of conduct and chivalry of those who guard this beloved land of culture and ancient descent. That is the animation of this medallion. For all eyes and for all time, it is an expression of the ethics of the American soldier. That I should be integrated in this way with so noble an ideal arouses a sense

Work Place Ethical Dilemma Free Essays

Work place Ethical Dilemma Brenda Paz BSHS-331 August 25, 2010 Roberto Vara Jr. Work place Ethical Dilemma According to Freeman, S. (2000) Ethics: An introduction to philosophy and practice ethical dilemma is a complex situation that will involve conflicts between moral imperatives. We will write a custom essay sample on Work Place Ethical Dilemma or any similar topic only for you Order Now This is also called ethical paradox which plays a central role in ethics debates. We are not animals and thus should not act and behave like animals. All humans have social acceptable behaviors we must abide from. Standards we all follow to what we believe, having our own opinions, from obeying the law and knowing what is morally right and wrong. For example the ethical admonition to â€Å"treat others as you would like to be treated† is not always easy to follow especially if the individual you should treat with respect does not in turn respect you. This is an example of ethical decision clashing. About three years ago I experienced an ethical dilemma in the workplace which made me feel puzzled, unappreciated and even confused for just doing and following procedure and protocol to my work responsibilities which my job duties required me to do. I worked for a nonprofit organization which helped advocate for individuals with disabilities and their families. My job title was that of a project assistant of a youth group which empowers young adults with disabilities gather the tools necessary to live a more independent and healthier way of life. The problem to the dilemma consisted in nepotism taking place by my immediate supervisor. The organization I worked for was just a small branch which was extended from the main office which was located in Albuquerque, NM. I did not have another immediate supervisor to question any such ethical dilemmas. Each year our project needed to provide accountability of ten new additional youth members to the group. Membership to the group required the creation and development of a goals and dream planning map. Once the member reached three months of attendance to monthly meetings the individual was then issued a stipend of five hundred dollars to assist in reaching such set goal in the plan. As a project assistant one of my job responsibilities was to locate youth with disabilities and invite them to become part of the group. Part of our initial protocol was not to use the stipend as the initial incentive to join the group but rather to make the youth group more appealing by emphasizing social group gatherings, activities, advocacy and the initial growth of one’s self confidence and development in learning to advocate for themselves and others who cannot speak for themselves in front of congress. My supervisor however did not follow protocol and often selected individuals from her immediate social circle of friends and family members to join the youth group. Secondly those initial members were not required to meet the three month required time limit of monthly meeting attendance to acquire the stipend. One day I politely questioned her selection process and she quickly gave the explanation that she needed to meet the quota and had to sign up 10 youth members no matter who they were so the project would not loose funding. Yet when I confronted her about trying to sign up my son or family members with disabilities I was informed I could not because I worked for the organization. I was informed by her that she needed to bend the rules to meet quota but when I offered to help by suggesting to enroll individuals with disabilities from my social circle I was denied. I should have just dropped the issue right there and them, however I went on to question her actions and she abruptly stated† How dare you question me? Don’t try to undermine me Brenda†, then she just changed the conversation right away. Well, soon after that our work relationship was very shaky and when my employment contract ended I was not offered a new contract again. Based on what I learned since I began my study at the University of Phoenix and through my continued work experience I think I would have handled the situation in the same manner but I would have chosen my words differently. At the time I believe my questioning of her actions and the way I came about it was wrong in the sense that I was trying to fight fire with fire. I was trying to justify my possible actions and suggesting the same methods she was using to recruited my circle of members in the same manner. I now realize that you should not try to suggest justification of one’s actions by doing the same thing the other individual is doing. I needed to fight fire with water and in turn make her analyze her actions and view her ways in a cam and professional manner. Then if that did not work I should have escalated to the next level and called her supervisor in Albuquerque just as a note of information not an accusation. According to _________Ethics can be seen as both the highest and the lowest standards of practice expected of a practitioner, reflecting both the standards of the community and the profession. Codes, rather than being precise dictates, are actually combinations of rules and utilitatian principles that do not provide a rational as to why a particular behavior is right or wrong in a particular situation or circumstance. Therefore, many issues cannot be resolved solely by relying on codes of ethics. Practical judgment and informed conscious reasoning are necessary in the proper application of codes of ethics. Various professional organizations have established codes of ethics for their members however in similar professional, the codes of ethics and acceptable behavior can vary greatly. When faced with an ethical dilemma, a practioner would do well to think of the formal code of ethics of his/her profession and then through a formal ethical decision making process to expedite s sound solution. References Freeman, S. J. , (2000). Publication manual of the Wadsworth group, a division of Thomson Learning Inc. Ethics: An introduction to philosophy amp; practice Environmental Protection Agency Website, (2009), Publication research group of the Environmental Protection Agency. Retrieved from http:// www. epa. gov/progress/#i How to cite Work Place Ethical Dilemma, Papers

Financial Statements Monitoring Mechanisms †MyAssignmenthelp.com

Question: Discuss about the Financial Statements Monitoring Mechanisms. Answer: Introduction: Starting a new business is not easy and the trickiest ask is choosing the business to venture into. Different businesses have different challenges and different rewards. A right product or service must be chosen in the first place which needs to be marketed well in order to earn profits and for business to last longer. Understanding the customer demand, the market analysis, the potential target customers and lifestyle today, I would be starting a business in electronics and home appliances. This has been chosen as home appliances and electronics have become a ultimate necessity in the nine to five life of most of the professionals as they spend of their times on TVs, Laptops, music systems, mobiles, etc. (Anon., n.d.) Name of the business would be com. The reason of selecting such a name for the business is it being catchy and the world being so internet oriented and internet bound, it catches minds of the listeners and viewers immediately. Products and services offered: Most of the electronic products would be at offer including video system, music system, television, laptop, etc. Legal form: The legal form chosen would be a limited liability incorporation or company consisting of 2 partners, one partner being my friend who has good business contacts with the vendor, customer, banks, etc. and the other being me. Option of merchandising or manufacturing: We would go with manufacturing of these goods. Option of retail or wholesale outlet: We would be going with the wholesale outlet because of the good margins being available as per the market trend.(Bae, 2017) Size of the business: The expected or the planned size of the business is to be around $ 400000 initially with major portion being on the capital expenditure and the other being on the current assets. Industry: The industry which we would be venturing into will be manufacturing industry. As mentioned in the first part the legal form of the business started would be incorporated company, a LLC. There are various advantages, which it offers like: Protection of personal assets: Both the partners or owners will have limited liability towards the debts of the company and there would be separate legal position of both as a result, the personal assets would be prospected to be confiscated in case of legal dispute or dissolution.(Solicitors, 2016) Authority, legitimacy and credibility of the name: Once Inc. or LLC comes after the name of the company, the name carries the weight and credibility in the market; it cannot be copied by anybody else. This not helps in building the brand name of the company but also gives a legal protection to the company. Existence until perpetuity: Unlike partnership or proprietorship business, this continuous to be in existence even after the death of the partner or owner and the management just changes. Tax benefits: Generally, the rate of tax on proprietor is the same as that of the LLC, in addition to providing the protection to the personal assets. The profits / losses of an entity is generally gets reported as the personal gains / losses in the tax sheet of the individual however, the same could be avoided by electing the presentation as corporation. However, in corporation, the individual is taxed on both the personal as well as corporation front. However, one can choose tax status as Subchapter S and avoid double taxation.(Anon., 2016) Deduction of expenses: All the expenses pertaining to business are allowed as deduction while calculation of tax to be paid on the profits earned by the entity Other benefits include quick decision-making and distribution of power and capital. In the present era, there are multiple options via which the business can be financed. Some of them which are relevant and suitable as per the business needs are: Mix of own capital and loan capital: This is the most reliable and widely used means of financing as some of the amount is funded by the investors themselves which is initially free of cost and the other part being financed via a loan from the bank or financial institution which comes at an interest rate of 6-8% which will easily be beaten by the rate of returns of the business.(Kamuriwo, et al., 2017) Factoring/ advances from the invoices: This means of funding is being widely used for the current portion or working capital management where the service provider pays the business for the sale done to the customer on advance cutting some portion as the interest and commission. This can be effectively used once the business starts billing to the customer. Crowdfunding or online lending: These 2 means of financing have gained immense popularity in the recent times where the online sites like Kickstarter, act arrange funds from a group of investor who want to invest in a single prospective business and this amount is then given as a business loan and a negligible processing fees is charged. This is known for speed and quick decision-making.(Qi, et al., 2017) One of the financing options as chosen in the previous part was loan from bank or financial institution. Once the loan request is initiated, the banks generally ask for a set of documents including the projected balance sheet, projected income statement, the tax returns of the last 2-3 years for the individuals applying for loan, credit worthiness statement from a credit rating company, etc. An example of the project balance sheet and income statements is shown below:(Das, 2017) With the introduction of IFRS and other accounting requirements and the need for maintenance of internal financial control within the organisation, the need for specific books of accounts have increased. (Minnis Sutherland, 2016) This serves as the basis for audit opinion by the auditors, the preparation of the annual accounts of the company basis which both the internal and the external users of the books of account like the shareholders, creditors, debtors, banks, financial institutions, etc take important and critical decisions. The accounting information prepared will include the necessary disclosures on the management judgements and estimates applied while reporting, depreciation policy used, disclosures of related party transactions, shareholders information, important transactions entered into by the company during the year, the important and critical ratios like the current ratio, debt equity ratio, liquid ration, net profit ratio, return on equity, etc. All the costs would be maintained separately ledger wise so that the proper control is maintained and reconciliation is done after every period to find out the discrepancies. (Keith Cassandra, 2017) Besides all the above-mentioned procedures, financial and management accounting would be done in a computerised system using SAP tool and all the necessary activities like cost control, invoicing, collection, billing, delivery, procurement, etc. would be departmentalized in order to maintain strict internal control and avoid any chances of fraud or misstatement. Financial statement analysis is a very significant tool to be used by the management in taking important economic and business decisions. It involves tabulating the important information of the company in order to give a concise view to the mangers to enable quick and efficient decision-making. Some of its benefits include determining the financial stability and health of the company, the liquidity position of the company and whether the company would be able to pay back to its creditors in time. Its shows to the relevant stakeholders how the management has made effective and efficient utilization of the limited resources in order to maximise the profits. Even the government and the tax and legal authorities make use of the financial statement analysis in order to check the companys fiscal measures the tax to be paid by the company and whether it is a going concern or not. (Goldmann, 2016) It involves analysis of the income statement, balance sheet and the cash flow statement. The analytical tools include key ratio analysis, comparison of the actual data from the past quarter or period and last year, its comparison from the budgeted data or the estimated figures and doing the variance analysis. It also includes the horizontal and vertical analysis and trend comparison with the industry. All this helps the management to get the insights, the weak links so that the corrective action can be taken and control can be increased. (Nakao, et al., 2017) Profits distribution in a business is one of the most significant and critical decisions to be taken. It depends upon the management oversight and planning whether to distribute the profits of not. Some of these factors are: If the cash profits are more with the company and there are no investment opportunities, it would prefer to distribute the cash.(Michaely Jacob, 2017) In case there is a working capital or other business enhancement requirement, which will increase the future profits of the business, then the management may think to retaining the profits in the business and using it for the growth purposes. If there exists an expansion opportunity or a reasonable avenue for investment, which will earn more than the business profits rates, it may consider to invest and not to distribute the profits. The other factor, which may be taken into consideration, is the tax to be paid on redistribution of profit, which unusually increase the tax expenses of the company and hence double taxation. In case the debts are due by the company, the management may first think to pay off the same rather than the distribution of profits to the owners.(Buchanan, et al., 2017) References Anon., 2016. When is a Heads of Agreement legally enforceable?. [Online] Available at: https://legalvision.com.au/heads-agreement-legally-enforceable/ [Accessed 8th August 2016]. Anon., n.d. (FindLaw, 2016). [Online]. Bae, S., 2017. The Association Between Corporate Tax Avoidance And Audit Efforts: Evidence From Korea. Journal of Applied Business Research, 33(1), pp. 153-172. Buchanan, B., Cao, C., Liljeblom, E. Weihrich, S., 2017. Taxation and Dividend Policy: The Muting Effect of Agency Issues and Shareholder Conflicts. Journal of Corporate Finance, Volume 42, pp. 179-197. Das, P., 2017. 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