Segmental Reporting Quality after IFRS-Free-Samples for Students

Questions: 1.Discuss why information on the different products produced by Diversified Ltd would be of benefit to its shareholders? 2.Determine which of the segments is reportable according to NZ IFRS 8. Show your workings. Answers: 1.Accounting standards needs the alignment of segment and reporting for different products and segments that are carried out by the company. It is done to enable the shareholders to analyse the company and evaluate the performance based on the prospects and understanding regarding the companys products or segments as a whole. As the investors and shareholders attempt to maximize the return on their investment, they need information for different product performances with regard to take sound financial decisions for investment and lending. In absence of the meaningful information the investors, shareholders, capital owners, and creditors will take the decisions on the basis of tips, unreliable news and guess work that will lead to inefficient resource allocation. Though not all the segments or products are reportable, the segments or products with 10% of the total assets or total revenues or total profits are reportable. It helps the investors to know which product is profitable and w hich needs to be discarded (IFRS 8 Operating Segments, 2018). The segment reporting assists the shareholders in better assessment of the returns and risks of the company, better understanding of the companys financial performance and taking more informed decisions regarding the entire company (NZ IFRS 8 XRB, 2018). Further, the information regarding various products that are produced by Diversified Ltd will be beneficial to the shareholders in the following ways Improved context it helps the shareholders to get better view of the fluctuations that may have impact on entire numbers. For instance, if the company reports much higher earnings as compared to the budgeted one the segment reporting will reveal from where that income came from. The shareholder can analyse the same report for determining whether the numbers are sustainable or not NZ IFRS 8 XRB, 2018) Credit and investment decisions As the prospects and progress of the diversified company are accumulation of prospects and progress of various parts, the users of financial statement it will enable the shareholders to take decisions in better way. Further, the segment information will allow the shareholders to analyse the associated uncertainties with regard to timing and amount of the expected cash flows in better way. Thus, the investment related risks or lending loans to the companys different segments would be analysed in better way (New Zealand Equivalent to International Financial Reporting Standard 8 Operating Segments (NZ IFRS 8), 2018). Separating the profitable segments the major advantage of segment reporting to the shareholders is transparency. Business that operates under various product categories, the segment reporting analyse the segment which is most profitable and which drains the profit. For instance, if segment reporting reveals that the overseas operations are more profitable as compared to the domestic operations, it can prompt for the changes in the strategic decisions. Further, it disables the managers to hide the unprofitable segments of the company (IFRS 8 Operating Segments, 2018). True and Fair view the segment-reporting enable to present the financial statement in true and fair view manner. The management will be liable to present the report the actual amount of liabilities and assets, income and expenses with regard to all the segments otherwise; the group statement may not be matched with the segment statement figures. Therefore, the chances of manipulating the data will be reduced (IFRS 8 Operating Segments, 2018). 2.The company shall report the information separately regarding each operating segment if it has been identified that The operating segment is the component of the entity that is - The segment is engaged in the business activities from which the company can earn the revenues and for which it incurs expenses.The operating result of which segment is reviewed regularly by the chief operating decision maker of the company for making decisions regarding the resources that is to be allocated to segments and assessing the performances.The segment for which the separate financial data is available The entity shall separately report the information regarding the operating segment that fulfils any of the below mentioned quantitative threshold Te reported revenue of the segment including intersegment transfers or sales as well as the sales to the external customers is 10% or more than the combined revenue, external and internal for all the operating segments. The assets of the segment are 10% or more of combined assets of all the operating segments (Aboud Roberts, 2013). The absolute amount of reported loss or profit for the segment is 10% or more of the greater with regard to absolute amount among (i) the combined profit that is reported for all operating segment for the year of the company that is not reported loss and (ii) reported combined loss for all operating segments for the year of the company that is not reported loss As per the given data Segment Revenue Segment Profit Segment Assets ($m) ($m) ($m) Timber 800 75 900 Steel 100 25 420 Cardboard 60 (15) 180 Total 960 85 1,500 10% of combined revenue = $ 960 m *10% = $ 96 m 10% of reported total profit = $ (75 + 25) * 10% = $ 10 m 10% of reported total loss = $ (-15 * 10%) = - $ 1.5 m 10% of combined assets = $ 1500 m * 10% = $ 150 m Revenue aspect considering the revenue aspect, the Timber segment and Steel segment shall be reported as their revenue is $ 800 million and $ 100 million respectively that is more than $ 96 million or 10% of total revenue (New Zealand Equivalent to International Financial Reporting Standard 8 Operating Segments (NZ IFRS 8), 2018). Segment profit or loss aspect - considering the segment profit or loss aspect, the Timber segment and Steel segment shall be reported as their profit is $ 75 million and $ 25 million respectively that is more than $ 100 million or 10% of total profit. Segment asset aspect - considering the asset aspect, the Timber segment, Steel segment and Cardboard segment shall be reported, as their asset is $ 900 million, $ 420 million and $ 180 million respectively that is more than $ 150 million or 10% of total asset (NZ IFRS 8 XRB. (2018). If above mentioned any 1 criteria out of the 3 is fulfilled then the segment is reportable. Therefore, all the segments that is, the Timber segment, Steel segment and Cardboard segment are reportable segments as per NZ IFRS 8 as timber and steel segment fulfil all 3 criteria and cardboard segment fulfilled the net asset criteria References Aboud, A., Roberts, C. (2013). Segmental Reporting Quality After IFRS 8: Multi-Dimensional Measures. IFRS 8 Operating Segments. (2018). Iasplus.com. Retrieved 9 April 2018, from https://www.iasplus.com/en/standards/ifrs/ifrs8 New Zealand Equivalent to International Financial Reporting Standard 8 Operating Segments (NZ IFRS 8). (2018). New Zealand. Retrieved from https://file:///C:/Users/user00/Downloads/NZ-IFRS-8-Jul14-158179.2.pdf NZ IFRS 8 XRB. (2018). Xrb.govt.nz. Retrieved 9 April 2018, from https://www.xrb.govt.nz/accounting-standards/for-profit-entities/nz-ifrs-8/

The Supreme Strategy to College Research Paper Writing

The Supreme Strategy to College Research Paper Writing Most Noticeable College Research Paper Writing Of course, when you want to turn in an ordinary paper done in the center of the night in a few hours, then it is a bit of cake, naturally. When it has to do with writing an essay many students find it an incredibly challenging endeavor. What you should do is to fill out the purchase form, make a payment, and in a couple minutes, you will receive your private essay helper. When students consider getting academic writing assistance from a writing service, it's understandable there might be concerns about plagiarism. Writing an essay, or another paper for this matter, isn't just writing. Longer documents won't be thought much superior papers. Keep in mind that if you purchase research papers or some other sort of. You're able to purchase term paper easily. It is simpler to make your own paper when you get a wonderful example of the way that it should look like. If you've already thought write my research paper for me, then you're on the proper way! Any superior research paper requires a whole lot more time than a normal essay or lab report. College Research Paper Writing: the Ultimate Convenience! Let our service provide you with the freedom of planning your absolutely free time how you desire. College is a fantastic knowledge in quite a few methods identifying oneself, the world and a whole lot of new women and men is something you're likely to always bear in mind! Plenty of smart people around the world seek a chance to become part of our team, but it's not so simple to be a respected team member here. A great deal of students all around the world are seeking the most effective academic help to be in a position to deal with writing assignments faster. The Rise of College Research P aper Writing Reserve the amount of money you will cover the paper and apply the payment method provided on our site make your payment After you have chosen a personal writer, we can help you establish direct communication with the writer. Unique writers with different specialization will give details of how they are going to take care of your paper and provide a review of the services they will supply From the list of expert, writers pick an appropriate writer to compose your research paper. Very best essay writer experts deliver comprehensive academic help and support to students. You obtain a chance to order a variety of types of writing. College Research Paper Writing - Overview For a superb paper, it needs a lot of revising and reorganizing. Also, you've got to work with additional materials all of the opportunity to obey the format. Perhaps, you wish to use a particular formatting style but you aren't conversant by it. Choosing Good College Research Paper Writing If yo u're thinking about whether or not you need to purchase a research. Secondly, additionally, it is crucial to begin on writing new research papers when well-rested and in an excellent spirit. It's possible for you to purchase college essays from one of the absolute most dependable customized essay writing. A specialist essay writing service is simply like its writers. Research paper writing service is an excellent selection. So you see our research paper writing service is air tight concerning features. In the event the writer doesn't meet the necessary quality, you will receive a complete refund. The paper writer ought to be in a position to cope with the issues and enusre customer satisfaction. College Research Paper Writing - the Story A whole lot of students often wait to buy research papers. Sometimes it's only not possible to complete all of the abundance of college. So you might be in college or doing a PhD, we'll be able to assist you. A fantastic suggestion if you're just beginning in college or university is typically to acquire many lessons. Essay writing services reviews can assist the students to go to a genuine or the. When you purchase college papers from us, you are certain to find an inexpensive price. Moreover, what's fine for a single student might be a burden for a different. Being a student isn't normally related to opportunity to waste budget. Whispered College Research Paper Writing Secrets A research question is the subject of the undertaking. The approach to research one takes will stay the exact same no matter what sort of a research paper we're speaking about. You want to choose research that is suitable to the subject. It's necessary to get started preparing narrative and research essays beforehand, preferably on the very same day it was assigned!

Punjabi Essay on Topic on the Internet

Punjabi Essay on Topic on the InternetThe Punjabi essay on the topic is often confused with the literary composition. However, there are many things which should be kept in mind when you are planning to write a Punjabi essay on a topic on the internet. It will help you as well as your student to distinguish between the two.If you are writing for your school or college, then it would not be proper to include the exact title of the essay, as they have different rules. You need to first make sure that the essay is about the topic that you want it to talk about. However, in this case, the topic of the essay can be something like the Indian community or the Punjabi community.The essay would have to have reference to the Public Domain, India, or the Punjabi community. You should only use topics that are around and have enough relevance to the subjects that are in the high school curriculum. Make sure that you are not confusing your students, or the topic that you are going to write about.T he essay should contain a title, a brief overview of the essay and the author's biography. You need to know about the author, so that you will know who the essay is going to be about. If you are writing an essay on a topic on the internet, then you need to know who you are writing about.Another important thing to consider when you are writing an essay on a topic on the internet is the keywords. When you are writing an essay, you should ensure that your keyword is relevant and a good enough word choice for the students. If you have decided to write an essay on a topic on the internet, then you need to make sure that you pick a good keyword for it.Punjabi is a rich language, and requires a number of words and phrases to translate it. The essay on a topic on the internet, should be on a good basis of vocabulary. This will help the students to understand your point of view much better.It is always better to choose a topic that is very specific and the students will know how to understan d it. There are many good sites that offer free essay services. Choose the one that suits your essay and have fun learning Punjabi.

Nursing College Essay: Tips For Writing A Good Nursing College Essay

Nursing College Essay: Tips For Writing A Good Nursing College EssayFinding the right Quinnipiac nursing college essay is essential to successfully graduating with a degree in nursing. As an incoming graduate, there are numerous considerations that you should consider in order to successfully apply and survive the nursing college admissions process.The faculty of a nursing college is the primary issue when looking for the best nursing college for a degree in nursing. This means you will have to look out for faculty who offer seminars as well as classes on the same subject. This faculty should be knowledgeable about your choice of career path as well as the traditional courses and methods used in nursing. You will need to check whether the faculty offers you a mentor who will work with you during the application process, although many will offer such a mentoring service.When it comes to this issue, a well-written nursing college essay will be the deciding factor for success. You may w ish to seek advice from an adviser in your nursing college's admissions office. However, make sure that you speak to someone who knows how the admissions process works in addition to the right academic advisor to guide you. There are many types of essay writing, you can undertake to help in your essay efforts.Many people choose to write a biographical ABC story with interesting quotes from teachers or parents. This idea can be found all over the internet as well as in the back pages of books. If you do write a bit of your own material, keep in mind that there are specific guidelines you must follow in order to ensure that your piece is accepted. Although many people would write their own personal history with personalized quotations, make sure that your piece has already been proven by the admissions officer to be fair. Your story must come across as realistic as possible without giving away too much.One of the key factors in your nursing college essay is your academic credibility. Many students feel overwhelmed by their essays and find themselves unsure about what they need to write. You will need to provide enough evidence that you have the proper background and qualifications to become a nurse. Make sure that the professor is happy with your work or the professor will have no choice but to reject your application.If you do not possess a high school diploma, you will need to state this as well. In some cases, those who do not have a diploma may be subjected to extra time and effort in the admissions process due to their inability to prove their current educational credentials. This is something that you will need to remember as well.This article outlines the first step in preparing for your nursing college essay. There are plenty of resources available online that can be used to aid in the writing process.

AP Language and Compsposition Marketing Essay Samples

AP Language and Compsposition Marketing Essay SamplesIf you are just beginning to build your career, or have been involved in the business world for quite some time, you probably have a general idea of how marketing essay is organized. In the beginning of any job search, the introduction to your resume goes by the books. You go through the introduction section of your resume to review what experience you possess, how qualified you are for the position, etc. Your resume is your first impression of you, so make sure that it portrays you clearly.Once you hit the books, you will be in a great place to move into the next section of your resume, the composition section. The composition section is where you can really dive in and discuss how you might achieve a goal or goals in your professional life. You can talk about what you hope to accomplish by becoming an engineer, architect, doctor, etc. You can even talk about future goals you wish to accomplish that include your professional caree r.The composition section is where you can really focus on your strengths and express them. If you are an athlete, tell your life story about how you played sports. If you are an artist, talk about your personal artwork and express it with references. If you are a writer, list all of your books and tell about your interests. By discussing your strengths in this way, you show potential employers that you are somebody who is confident, strong, intelligent, organized, and passionate about his or her work.There are a few things you will want to keep in mind when you are writing your section. First, choose a topic that you feel you are very passionate about. Have no doubt about this. I know many people who never had a passion for their jobs until they left and had to start over in a completely different career field. It is very important to focus on a topic that interests you. As an employer, you need to see the same quality in yourself as they are hiring to get the best employees you ca n.The composition section should also include writing samples. This is a great chance to show your real-life skills and experience that you may not have ever brought up in the book. If you are a talented singer, take some songs that you like and talk about how you would sing them in front of a roomful of people. Write a sample letter to accompany the song and talk about how you would send it to your boss.If you can, include your work experiences, too. Talk about anything that you were involved in. Tell your life story, how you became involved in the industry, why you chose the field, the way you went about it, and the results you achieved. Include your greatest achievement, whether it was a job promotion a raise, a business partnership, or an assignment won. These are the things that you can use to show your employer why you are the best person for the job.One last tip for the composition section of your resume is to make sure you include a sentence or two in each section that talks about what you hope to accomplish in the future. For example, if you want to be a surgeon, talk about how your future goals are to work with people, get better at your profession, and become a very successful surgeon. If you want to work as an engineer, say something like you want to build bridges and plan cities. Anything you can do to show how you will achieve your goals will speak volumes.

Logistics and Supply Chain Management

Introduction This paper is based on the topic of globalization of logistics and supply chain management. It explores the topic using Wales as a case study. The paper is divided into two parts namely part one and part two. Part one is an overview of the current rail system in Wales.Advertising We will write a custom essay sample on Logistics and Supply Chain Management specifically for you for only $16.05 $11/page Learn More Part two is a comparison of the proposed high-speed rail and an integrated transport system. At the end is a conclusion which provides a definite solution to the client. The main issue in the paper is that the Welsh government wants to improve its transport infrastructure for transporting people and freight. It is, however, not decided on whether to build the proposed high-speed rail or set up an integrated transport infrastructure. On the one hand, the high-speed rail is expected to reduce the time used to transport people and freigh t between various cities in the United Kingdom, which would attract new investors. It is also expected to enhance efficiency of the supply chains. On the other hand, focusing on the high-speed rail at the expense of the other modes of transport would be counterproductive because trains are not the only means of transportation in Wales. As the consultant, I have addressed these issues in my analysis of the situation and the implications of the various options which are available to the client (the Welsh government). In the review, I have used different theoretical frameworks such as gap analysis and the theory of absolute advantage to illustrate the arguments. I have argued that the proposed high-speed rail is not adequate to deal with the challenge of poor transport infrastructure in Wales and as a result, there is need for an integrated transport system which would link the entire transport infrastructure in Wales.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The reason is that an integrated transport system would have more benefits than the proposed high-speed rail. Discussion Part one Gap analysis is a situation in which organizations ask themselves the questions of ‘where are we’ and ‘where do we want to be.’ It is very useful for managers because it helps them to focus on the real issues which affect their organizations. It also enables the managers to come up with the proper means of realizing their desired outcomes (Franklin 2006). In an effort to fill the gaps in organizations, managers use differentiation and positioning (McLoughlin Aaker 2010). According to Thompson and Martins, differentiation has to do with enhancing the popularity of products or services among the customers. For an organization to claim that it has differentiated its products and services, it has to ensure that it provides extensive details about the uniquene ss of its products or services. Many organizations engage in differentiation of their products and services for various reasons. However, economic analysts have argued that the whole idea of differentiation is to increase the competitiveness of organizations. Differentiation has the potential of influencing consumer behavior by ensuring that consumers understand what is unique about different products or services (Thompson Martin 2010). According to Armstrong and Kotler positioning is a strategy which complements differentiation. It has to do with using various strategies like product distribution and production of unique products with low prices to build an identity of a particular Company in the minds of consumers (Armstrong Kotler 2009).Advertising We will write a custom essay sample on Logistics and Supply Chain Management specifically for you for only $16.05 $11/page Learn More In many cases, positioning is done after differentiation so as to sta bilize and retain the positions of the differentiated products or services. It also ensures that organizations retain their competitive advantage in any given market. The current rail system in Wales is outdated since it was established many years back when the population of Wales was relatively small. At the time when the rail system was established, globalization had not taken effect and as a result, the demand for transport services was very low (Kendall Cole 2006). However, with the advent of globalization, there has emerged the need for people to move frequently from one point to another in different parts of the globe. Due to globalization, the business environment has become more competitive than ever. According to Scholte, the drivers of globalization include advancement in information and communication technology, improvement of transport infrastructure, and liberalization of trade and immigration policies (Scholte 2005). Due to globalization, people from different countri es are able to work anywhere in the world, irrespective of their cultural orientation. Through globalization also, people are able to study, marry, and stay in any part of the world (Cole 2005). Globalization has also enabled different cultures to coexist peacefully without cultural prejudice. The interaction of people in different spheres of life has made them to appreciate their cultural differences, a situation which has greatly reduced instances of racism and ethnicity (Chrysanthopoulos 2010). Due to its outdated status, the current rail system lacks the capacity to handle huge volumes of freight. It is also not suitable for transporting people because it is too slow compared to other modes of transport such as road and air.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In some cases, the current rail system makes firms to miss business opportunities due to the inability of the rail system to deliver goods on time. It also makes the supply chains of many firms to be inefficient, which increases the cost of production (Lan Unhelkar 2006). This situation is threatening the stability of the economy of Wales because many firms have threatened to relocate their businesses in other countries or cities which have efficient and reliable rail transport. As a result, there is need to upgrade the current rail system so as to restore the confidence of investors and attract others. That is why the high-speed rail has been proposed. Once in place, the high-speed rail would not only attract new investors to Wales, but it would also enable the existing firms to expand their businesses due to increased efficiency. It is essential to mention that the objective of multinational firms is to get access to cheap factors of production, such as raw materials, capital, la nd, and labor. The reason is that the cost of these factors of production varies from one country to another (Johnson, Scholes Whittington 2010). Consequently, the high-speed rail would enable the firms in Wales to get access to these factors of production. The interest of the Welsh government is to ensure that there are no barriers which restrict investors from getting opportunities to invest in Wales. However, the outdated rail system is a hindering factor to the growth of the economy of Wales. As a result, the high-speed rail would expand the economy of Wales and enhance growth. It would also have a multiplier effect in form of enhanced social and economic well-being of the citizens of Wales. For instance, many firms would be able to make huge profits due to reduced cost of transport. As a result, they would increase funding to Corporate Social Responsibility (CSR) programs. Different scholars have written about the concept of CSR. According to Carroll, CSR is generally used to explain the relationship between businesses and their environments. The reason is that almost all organizations operate in dynamic social, political, economic, and natural environments. CSR, therefore, looks into how businesses interact with these environments, either positively or negatively. Different scholars have come up with various components of CSR. However, the elements which are mentioned by many scholars include the ethical, regulatory, philanthropic, and legal components. When an organization establishes a business in any given society, the people in that society usually have different expectations from the business. While some expect to purchase goods and services at low prices, others expect to be employed by the organization. There also those who expect the organization to operate in manner which does not raise questions as far as quality of products and services are concerned. These concerns comprise the ethical component of CSR (Carroll, 1979). Due to the reduced cos t of transport, the firms in Wales would make huge profits. As a result, the tendency of the firms to engage in unethical behavior would be minimized. According to Aras and Crowther, the regulatory component has to do with abiding by all regulations which are established to protect shareholders, investors, and customers from unethical business practices. It also has to do with ensuring that organizations maximize their profits and minimize their operation costs with the aim of making more profits. Once organizations generate more profits, they are expected to increase the salary of employees because employees are essential stakeholders in the success of organizations (Aras Crowther 2010). The reduced cost of transport would enable the firms in Wales to generate more profits than before, which would enable them to take care of the interests of shareholders and customers. The legal component has to do with compliance to various laws and regulations which have been established in diff erent jurisdictions to govern all businesses and ensure that they operate legally. For example, there are laws and regulations which touch on protection of the environment, respect of employees’ rights, and production of quality products. The philanthropic component has to do with charity work. It is based on the argument that businesses must give back to the communities where they operate. There are many ways of giving back to the community. Some of them include initiating programs which directly benefit the community through provision of health and education services to the less fortunate in the community (Carroll 2008). The high-speed rail would enable the firms in Wales to generate more profits than before and as a result, they would be able to pay the various taxes to government authorities. Rail transport has been successful in many countries. In China, for example, there are modernized rails which are used by electric trains. These trains have made transport in China n ot only reliable but also cheaper than in other countries which do not have electric trains. Since the trains are powered using electricity, they move fast and are able to reach their destinations within a short time. Wales should, therefore, borrow the example of China and boost its economy and social well-being of its people through the high-speed rail. Part two Rail transport is a very reliable mode of transporting heavy goods. The reason is that the cost of transporting heavy goods using rail transport is usually less than the cost of transporting them using road transport. Transporting heavy goods using road transport also makes the roads to wear out too fast. When that happens, governments incur a lot of expenses in repairing the roads, which negatively affects the economy of countries. As a result, rail transport is not only cheap, but it is also durable because it does not require frequent repair like roads (Lysons Farrington 2012). In terms of conservation of the environme nt, rail transport is better than road transport because trains do not emit a lot of carbon dioxide like vehicles. Carbon dioxide is associated with greenhouse gases which lead to global warming. Rail transport is not affected by adverse weather conditions like road transport. For instance, when it rains heavily, vehicles may be unable to move due to flooding or poor visibility. Rail transport is also better than road transport when it comes to connecting with different countries. The reason is that there are more railway lines which connect countries than roads and as a result, firms are able to import goods in bulk from other countries and transport them using rail transport. Rail transport is also more secure for transporting containers carrying valuable goods than road transport. Even though the high-speed rail would have various benefits to various stakeholders, it might not provide long-term solutions to the problem of poor transport infrastructure in Wales. As mentioned earli er, rail transport is just a part of a wider transport network and as a result, the high-speed rail would need to be complemented by other modes of transportation such as air, sea, and road. An integrated transport system would have a higher economic value than the high-speed rail. It would also be more sustainable than the high-speed rail because it would provide various options for firms to transport their goods, labor, and raw materials. Using an integrated transport system lowers the cost of transport in a given sector or country. The reason is that in an integrated transport system, each mode of transport transports what it is capable of transporting. In other words, the transport infrastructure is not strained. Allowing each mode of transport to transport what it is capable of transporting enables firms to avoid the risks which are associated with transporting goods using the wrong mode of transport. For example, rail and sea are suitable for transporting heavy goods while roa d and air are suitable for transporting light goods and people. An integrated transport system also increases the competitiveness of a country. According to the theory of absolute advantage, competitiveness refers to the ability of a country to take a share of foreign markets. For countries to become competitive, they aim at exporting more than what they import. In fact, the theory of absolute advantage states that the objective of any country is to export almost everything and import nothing. However, it is almost impossible for any country to achieve this objective. Using an integrated transport system produces higher returns than using one type of transport such as rail. The reason is that an integrated transport system relies on public and private infrastructure. For example, a government of a country may authorize private companies to operate commuter services. It may also authorize them to operate cross-border transportation of commercial goods. At the same time, the governmen t may operate air and sea transport services. This combination enhances efficiency and maximizes productivity of different sectors of the economy. In addition, an integrated transport system has the benefit of enabling people of different social and economic status to get access to transport. For example, the elderly, the sick, and the disabled may be uncomfortable when they travel in a train. However, they may be comfortable when they travel in a vehicle because it enables them to reach their destinations within a short time. In any country, there are people of different economic status. Some are low-income earners, while others are high-income earners. The low-income earners may not be able to afford air transport, but they may be able to afford road transport. As a result, having an integrated transport system makes life comfortable for everybody because people use the type of transport which they are able to afford. Further to that, an integrated transport system is associated w ith minimal energy consumption. The reason is that each mode of transport uses a different type of energy. For example, some trains use electricity while vehicles use fuel. Relying on one type of transport may put pressure on a particular type of energy. For example, if a country relies on road transport alone, it means that the consumption of fuel in that country is higher than in a country which relies on several modes of transport. As a result, there is minimal pollution of the environment in a country with an integrated transport system (Mangan, Lalwani Butcher 2008). From the above discussion, it can be argued that the transport industry plays a vital role in enhancing the economic and social well-being of people in any country. It is therefore essential for governments to ensure that they have integrated transport systems which are reliable and sustainable. Sustainability addresses the issue of how resources are utilized. Economic analysts have argued that there is need for c ountries to utilize their resources in a sustainable manner so that the future generations would not face shortages of crucial resources. Utilisation of resources in a sustainable manner is the basis of sustainable development. The concept of sustainable development has gained popularity in recent years (Rugman Collinson 2006). In the transport industry, the reliance on high-speed rails is not sustainable as reliance on integrated transport systems. According to Elkington, sustainable development must emphasize on economic and social development as well as protection of the environment (Elkington 1994). As a result, it is unethical for corporations to be driven by utilitarianism. According to Sher, utilitarianism focuses on maximizing profits irrespective of the effects of the maximization. According to utilitarians such as Jeremy Bentham, any outcome which is desirable is also justifiable. It means that the means of arriving at a particular end are not as important as the end itse lf. An outcome is, therefore considered as good if it makes many people to be happy (Sher 2012). For example, if an organization is able to increase its profits by exploiting its employees by overworking them, then the act of exploitation is justifiable as long as the employees do not complain. If a legal action produces outcomes which do not make many people to be happy, then the action is not ethical. On the other hand, if an illegal action makes many people to be satisfied, then the action is not only ethical but also morally acceptable. Utilitarianism has the danger of destroying the values in a society. There is, therefore, the need of governments to enforce regulations which govern ethics in the society as well as in business. Utilitarianism makes many firms to use unethical means to generate profits. For example, some firms have been accused of giving false information to shareholders regarding the number of profits generated in a year with the aim of denying them their divid ends. Other firms have been accused of failing to pay taxes to the relevant government authorities. These practices are not only unethical, but they also compromise the ability of any country to realize sustainable development. Conclusion Based on the above discussion and analysis, I would advise the Welsh government to set up an integrated transport system comprising of road, rail, air, and sea transport. The reason is that for the proposed high-speed rail to be effective, it needs to be complemented by the other modes of transport. The integrated transport system would also be more sustainable than the high-speed rail. The Welsh government, therefore, needs to set aside resources for upgrading all the other modes of transport in Wales. For instance, it needs to expand the existing roads and build new ones. It also needs to expand the ports and the airports. The integrated system would not only boost the confidence of multinational corporations, but it would also attract other inve stors to invest in Wales. As a result, the economy of Wales would realize an exponential growth. The growth would have multiplier effects such as creation of employment opportunities, reduction of pressure on various energy resources, and increased competitiveness of Wales in international trade. Reference List Aras, G Crowther, D. 2010, A handbook of corporate governance and corporate social responsibility series, Gower Publishing Ltd, Farnham. Armstrong, G Kotler, P 2009, Marketing. An introduction, Pearson Education Company, Prentice Hall. Carroll, A.B 1979, ‘Three-dimensional conceptual model of corporate social performance’, Academy of Management Review, vol.4, pp.497-505. Carroll, A.B 2008, A history of corporate social responsibility, Oxford university press, Oxford. Cole, S 2005, Applied transport economics, Kogan Page, London. Chrysanthopoulos, M 2010, Cultural diversity and education, Lap Lambert Academic Publishing, New York, NY. Elkington, J 1994, ‘T owards the sustainable corporation: Win-win-win business strategies for sustainable development’, California Management Review, vol. 36, no. 2, pp. 90-100. Franklin, M 2006, Performance gap analysis: human performance improvement, ASTD Press, Alexandria, VA: Johnson, G, Scholes, K Whittington, R 2010, Exploring corporate strategy: text and cases, Prentice Hall, FT. Kendall, S Cole, S 2006, Wales and the Atlantic arc: developing ports, wales transport research centre, Kogan Page, London. Lan, Y Unhelkar, B 2006, Global integrated supply chain systems, Idea Group Publ, cop, Hershey, PA. Lysons, K Farrington, B 2012, Purchasing and supply chain management, Pearson Education Limited, Prentice Hall. Mangan, J, Lalwani, C Butcher, T 2008, Global logistics and supply chain management, Wiley, Malden, MA. McLoughlin, D Aaker, D 2010, Strategic market management: global perspectives, Wiley, Hoboken, N.J. Rugman, A.M Collinson, S 2006, International business, Prentice Hall, FT. S cholte, J.A 2005, Globalisation: A critical introduction, Palgrave Macmillan, Great Yarmouth. Sher, G 2012, Ethics: essential readings in moral theory, Routledge, New York, NY. Thompson, J Martin, F 2010, Strategic management: awareness and change, Cengage Learning, South Western. This essay on Logistics and Supply Chain Management was written and submitted by user Haley Pennington 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. Logistics and Supply Chain Management

3 Sentences That Lack a Word to Achieve Parallel Structure

3 Sentences That Lack a Word to Achieve Parallel Structure 3 Sentences That Lack a Word to Achieve Parallel Structure 3 Sentences That Lack a Word to Achieve Parallel Structure By Mark Nichol Each of the following sentences is flawed because omission of a word prevents the statement from conveying the intended meaning. Discussion and revision point out the missing word. 1. Smith will discuss the organization’s mission and activities to date. The writer likely did not intend to suggest that the discussion would be about both the organization’s mission to date and its activities to date; its mission is almost certainly unchanging, so â€Å"to date† pertains only to the activities, and therefore that noun must be preceded by a possessive noun or pronoun to match the preceding possessive noun: â€Å"Smith will discuss the organization’s mission and its activities to date.† 2. Dennis Eckersley, with his familiar mustache and long hair flowing out from underneath his cap, was perhaps the face of the Oakland A’s in the late 1980s and early ’90s. Presumably, this baseball player’s mustache did not flow out from underneath his cap, so the references to the mustache and the long hair must have their own pronouns; in addition, each must be followed a distinct adjective: â€Å"Dennis Eckersley, with his trademark mustache and his familiar long hair flowing out from underneath his cap, was perhaps the face of the Oakland A’s in the late 1980s and early ’90s.† 3. The business moved forward without realizing the value or need for consultation with various departments. Because value and consultation would not, in isolation, be bridged with the same preposition that separate need and consultation, value requires a distinct preposition: â€Å"The business moved forward without realizing the value of or need for consultation with various departments.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:The Royal Order of Adjectives 10 Colloquial Terms and Their MeaningsPhrasal Verbs and Phrasal Nouns