Lorex Pharmeceuticals

Overview After reviewing your request, Cougar Consulting performed an analysis to assist Lorex Pharmaceuticals in determining a target fill rate for Linatol. The target fill that we selected is intended to maximize expected contribution during the manufacturing process and was based on information contained in a report given to Cougar Consulting. The analysis that we performed is described in further detail. Current Situation Even though the automatic filling mechanism used for production can be set to a specific target fill, the information we obtained about Linatol suggested inconsistencies in the fill amount during operations.Since revenues and specific variable costs of Linatol are directly affected by fill amounts and contribution is the difference of these costs subtracted from revenue, ultimately, contribution is affected by the inconsistent fill amounts. Once we establish how these revenues and costs are affected by the fill amounts, we need to determine how the filling mecha nism will function when set at a specific target fill. These understandings will give us the information required to figure a target fill that maximizes contribution for Linatol.Revenue Before we established a method to determine how the filling mechanism functioned at a specific target fill, we had to consider how the target fill affected the revenues and the variable costs when calculating contribution. Starting with revenue, we learned from the report that the bottles filled at or above 10 ounces would sell on the commercial market for $186 per case. On the other hand, bottles filled below the advertised 10 ounces would be sold for government use at $148. 80 per case and are referred to as â€Å"seconds. From this information, we created a formula (Figure 1) that calculated the revenue per case as a weighted average. The relationship between revenue and target fill is shown graphically in Attachment 1 Figure 1 Revenue = (% commercial) $186/case + (% seconds) $148. 80/case Costs As previously mentioned, calculating contribution for Linatol consists of subtracting specific variable costs from revenue. The variable costs related to target fill were found in the Projected Operating Profit exhibit provided to Cougar Consulting.The first cost we determined for calculating contribution was the blending direct labor and active ingredients. To use this cost in calculating contribution, we divided the sum of these two costs by the total batch volume. The rounded cost of this calculation equaled $0. 4027 per ounce, and its positive linear relation to the fill amount is graphically shown in Attachment 2. In other words, the cost increases per unit as the fill amount increases per unit.Another cost needed to calculate expected contribution consisted of an additional cost associated from the number of seconds produced by the automatic filling mechanism. This additional cost is a result from the special packaging required by seconds and is figured from dividing the labor rate by the number of cases the laborer can package in an hour. This cost equals $0. 7083 per case and diminishes as the fill amounts increase because a higher target fill results in less seconds produced. This relationship is shown as a graph in Attachment 3.Since the cost associated for all cases is calculated in ounces, this unit was changed to cases by multiplying the cost by 12 bottles per case and a target fill amount in ounces per bottle. The additional cost per case from packaging seconds was figured by multiplying this cost by the probability of seconds created from the filling machine. This calculation will create an additional cost per case based on the number of seconds produced. The formula in Figure 2 was used to calculate costs. Figure 2 Costs = (12 bottles/case*target fill (oz)/bottle*$0. 027/oz) + (% of seconds) $0. 70833/case Statistical Survey Before we could determine a target fill to use for calculating maximum expected contribution, we needed to determine the probability of seconds produced by the automatic filling machine at different target fills. The best method we had to determine this probability came from the sample results provided in the Filling-Line Test performed by Lorex. These test results were found in Exhibit 2 from the provided report and allowed us to determine the probability of seconds produced at any target fill.Assuming these samples were chosen truly at random and each sample was independent from one another, the sample data was analyzed and found to be very evenly distributed meaning the fill amounts precisely varied above and below the mean and median of the data set. In fact, the sample fill amounts were so evenly distributed that we could use a statistical method to determine the probability of seconds produce by the mechanism set at a specific target fill amount. For example, with a target fill amount set at 10. 2 ounces, the method used figures that 10. 6% of the bottles will be filled less than 10 ounces, and the rest will be filled at volume suitable for commercial retail. Based on this statistical method, we created a graph (Attachment 4) to show the probability of seconds produced as the target fill amount increased. Calculating Contribution Since we found a method to determine the probability of seconds that will be produced based on the target fill amount, we can determine a target fill that maximizes expected contribution per case because we have formulas for revenue and costs based on the expected production of seconds.The completed formula is shown below as Figure 3. Figure 3 Contribution = (% commercial) $186/case + (% seconds) $148. 80/case – (12 bottles/case*target fill (oz)/bottle*$0. 4027/oz) + (% of seconds) $0. 70833/case Results The contribution formula in Figure 3 was used to determine the target fill that maximized contribution based on the probability of seconds produced. A chart was created below as Figure 4 using the formula to figure contribution at different target fills.The target fill that created the highest contribution value per case is the target fill the mechanism should be set at to maximize contribution. Attachment 5 shows the relationship between contribution per case and the target fill graphically. The graph and chart both demonstrates that the target fill should be set at 10. 4 ounces to maximize contribution. Figure 4 Target Fill (oz)Probability of Seconds Probability of CommercialContribution Per Case 912. 0523E-10$104. 60 9. 10. 999999999. 2754E-09$104. 12 9. 20. 999999712. 8665E-07$103. 63 9. 30. 999993936. 0716E-06$103. 5 9. 40. 999911588. 8417E-05$102. 67 9. 50. 999110970. 00088903$102. 22 9. 60. 993790330. 00620967$101. 93 9. 70. 969603640. 03039636$102. 37 9. 80. 894350230. 10564977$104. 74 9. 90. 734014470. 26598553$110. 33 100. 50. 5$118. 72 10. 10. 265985530. 73401447$127. 11 10. 20. 105649770. 89435023$132. 70 10. 30. 030396360. 96960364$135. 07 10. 40. 006209670. 99379033$135. 51 10. 50. 000889030. 99911097$13 5. 22 10. 68. 8417E-050. 99991158$134. 77 10. 76. 0716E-060. 99999393$134. 29 10. 82. 8665E-070. 99999971$133. 81 10. 99. 2754E-090. 99999999$133. 33 112. 0523E-101$132. 84Closing The results of this analysis were based on the data results from the Filling-Line Test and only apply if the filling mechanism performs consistent with these results. To ensure the filling mechanism is performing consistently with the data used for this analysis, we recommend that Lorex performs a frequent Filling-Line Test. If the data from a more recent test varies from the data used in this analysis, we also recommend that Lorex requests another analysis to be performed by Cougar Consulting to determine a new target fill that maximizes contribution for Linatol.

Owner-Manager Types Essay

Cranfield School of Management has been studying the behaviour of entrepreneurs and their relationship with key staff in some thousands of growing UK companies. Cranfield study has concluded that it is the entrepreneurs themselves who are the most likely to be the biggest stumbling block to the growth and development of their own company. Cranfield grouped entrepreneurs into four dominant types of relationship with their staff, mainly: Heroes, Artisans, Meddlers and Strategists. Past Cranfield studies shows that most small firms do not think very much about their future strategy. In fact, less than a third of small and medium enterprises across Europe set their objectives in terms of profit and margins. This is somewhat surprising as profit and profitability are the key measures of business success. However, as over two-thirds of owner-managed companies with a turnover of i 10 million do not have a plan at all, it should come as no surprise that few entrepreneurs are strategists. Other research has uncovered the shocking fact that 60 per cent of senior staff in small firms leave within two years of their appointment. Some of these early departures can be put down to poor recruitment. The researchers studied two important elements of this relationship. The first element studied was how much time the owner-manager spent on routine management tasks such as marketing, selling, analysing figures, reviewing budgets or arbitrating between managers. The second one examines what level of business skills has been attained by the key staff. Heroes Probably the Heroes undertake one management function such as sales or production. The Heroes’ time is now spent on managing the business. As the level of business skill throughout their employees is still relatively low, the Heroes will take the lead in starting routine management procedures. They will introduce ideas from the courses they attend to the firm and be the only persons who really understand them. That is the reason why they will be considered as Heroes from the rest of the employees. Unfortunately, this leads to the Heroes taking the Herculean role on their hands. In this case, allocating operations to the employees is relatively simple as the working skills in most businesses are either readily available in the local community or the people can be trained up without too much difficulty. On the other hand, passing out routine management tasks will almost always require that the owner or manager trains up his own management teams. There are few well trained managers available to the small company because of two main reasons. Firstly, the overall pool of such people is small as training in the small business sector until recently has been almost exclusively concentrated on the Entrepreneur. Secondly, well trained managers usually seek jobs in larger firms with more opportunities for advancement and more resources to practice the â€Å"art of management† on. The Heroes have a high capacity for improving the firm performance but still have low growth prospects when compared to their market. They have no time for strategic thinking and no depth of management to handle growth effectively. Artisans In the Cranfield model, the Artisans are characterized by low occupation with routine management tasks. The reason is that most of their time is spent producing a product or delivering a service. The level of business skills in the company is also low as most of the Artisan’s staff is employed helping in â€Å"production† or performing primary duties, such as book-keeping or selling. Artisans can include professional firms, such as architects and surveyors, manufacturers, sub-contractors or small building firms, owners of small retail chains such as chemists, video stores and proprietors of hotels and restaurants. Little time is available either for routine management tasks such as examining performance or reassessing methods. Every hour that can be sold is sold and little time is left over to either improve the quality or profitability of today’s business or to consider strategy for tomorrow. The Artisans have low growth prospects in relation to their market. Their training and development needs are to raise their awareness of the management significance as a business task of equal importance with daily revenue earning. Meddlers The Meddler increases the level of management skills either by training or recruitment but then fails to delegate routine management tasks. At this stage, according to the Cranfield model, the owner-managers probably have no operative responsibilities and have assumed the role of managing directors. Typically, they spend much time anticipating subordinates, introducing more refined, but largely unnecessary management systems. They also go on courses or read books that make them even more well-informed and sometimes better at routine management tasks than their own employees, who anyway are by now doing a perfectly satisfactory job of managing today’s business. They get in early and leave late and practice â€Å"management by walking about†. The Meddlers’ problem is that they cannot delegate routine management tasks because they feel useless. They have been used to a 70-90 hour week with only 10 days holiday each year. Once their management team is in place and trained, they are out of a job. Until they reduce their involvement with routine management tasks, they will limit the growth capacity of this firm for two reasons. Firstly, their management team will not take on more duties if the reward for taking on the last lot of responsibility was being irritated and criticised. Secondly, they are too busy checking on people to develop sound strategies for growth. Strategists The Strategists are the most desirable type of entrepreneurs to develop a growing business. They develop the management skills of their team to the highest appropriate level and in depth. They may introduce a staff duty to help their line managers in such areas as personnel and market research. This will free-up their key managers to think strategically too. They will dedicate roughly a third of their time to management tasks such as monitoring performance, co-ordinating activities, resolving conflict and helping to manage today’s business. A third of their time will be spent motivating, counselling, developing management teams and helping them to manage change. This activity is aimed at improving the existing business. The final third of their time will be devoted on developing strategic thinking to form the shape of the future business. Their training needs will be to continuously update their core leadership and motivation skills and to increase their depth of knowledge on strategic issues, acquisition or divestment activity and financing sources. Relationship between the Owner-Manager and His Key Staff in a Growing Firm The natural path of development for the relationship between the owner-manager and his team is to pass from Artisan to Hero to Meddler and for the lucky few to become Strategists. Why Family Businesses Die The family business is deeply rooted in the sense of pride of the owner like most of other forms. Schein (1998) said that this is reinforced by a desire for autonomy which forms part of the five â€Å"career anchors†. This becomes possible with the combination of vision, energy and dedication. Moorman and Halloran (1993) stated that there are more businesses that fail than they succeed in this competitive market place. Twenty-four from one hundred start-ups fail in the U. S. , within the first two years and more than sixty within the first six years. This happens due to lack of planning and preparation which is the most common reason. The second is the lack of creativity which is important to survive. Some businesses offering the same product may succeed because they are doing something better and more innovative than competition. The â€Å"Copy Cat† approach lacks creative skills to turn its product into a unique selling proposition. This can be harmful for family businesses.

The External Environment of Microsoft Inc. (Computer Operating System Research Paper

The External Environment of Microsoft Inc. (Computer Operating System Industry) - Research Paper Example It has been ranked 37th in the Fortune 500 list in 2012 (â€Å"Fortune 500†). Industrial Structure As mentioned earlier Microsoft Corp. operates in the software industry globally. This industry mainly consists of the IT industry, the Software industry and the Internet Software and Services industry. If we look at the global software industry it mainly comprises of application software, software for home entertainment and systems software. The global IT Services industry is not that relevant to Microsoft because it comprises of the data processing and outsourcing market. The internet software and services industry mainly comprises of the organizations which develop and market internet software and provide internet services related to interactive services and online databases. There has been a growth of around 7% in the global systems software market in the year 2010. It is expected that the market value of this industrial sector would increase by around 31% in 2015 since the ye ar 2010. Operating systems software can be regarded as the largest segment related to the global systems software industry and accounts for a significant portion of the industry's total market value in the world. If we look at the geographical segmentation of the industry it can be found that the Asia-Pacific region accounts for the maximum share of the market value in the world. Microsoft Corporation is considered to be the leading player in this industry and accounts for the maximum share of the market value. Overall the market for systems software is fragmented which results in intensifying rivalry amongst the competitors. Dominant Economic Traits Some of the dominant economic features of the systems software industry are discussed below: a. Market Size and Growth Rate: There has been a continuous growth in the global systems software market in the recent years and it is expected to grow at a same pace in the forthcoming years as well. The total revenue generated by the global sy stems software market was around $198 billion in the year 2010 which represented a compound annual growth rate (CAGR) of around 5.4% in between the years 2006 and 2010. The most lucrative segment of the market in 2010 was the Operations Systems software market which accounted for almost 37.5% of the total revenue generated in the market. b. Scope of Competitive Rivalry: Most of the companies in the software systems industry operate their business activities in different areas of the world. The majority of the market value for this industrial sector is concentrated in the Operating Systems software market. Of all the areas in the world, Asia-Pacific region accounts for most of the revenues generated in the global systems software market. Microsoft Corp. is the leading player in this industrial sector and since the market is fragmented it results in enhancing the rivalry amongst the competitors. c. Number of Rivals: Overall the systems software market is fragmented in nature. However, only a small number of large multinational companies like Microsoft, IBM,

US Economy Essay Example | Topics and Well Written Essays - 2000 words

US Economy - Essay Example The economy of the United States in the past few years has gone through a major slump. This slump has been seen through their real estate crisis, rise in unemployment rates, and their reduced competitiveness in the global economic setting.This economic crisis was not helped by the matching economic crisis felt in other western nations as well, such as the United Kingdom, Australia, Japan, and similar developed nations. In so many ways, this crisis has been a result of the rise in oil prices which has affected the general prices of commodities and the transport of people and goods from one place to another. Much analysis is needed in order to fully comprehend the US economic crisis. This paper shall now analyze, compare, contrast the economic growth, unemployment, and inflation rates in the United States. This paper is being conducted in order to establish a dynamic and academic understanding of the topic, as well as its implications to the country’s progress. Discussion The US remains to be the world’s largest economy. Based on the CIA Factbook, their 2007 GDP was at $13.84 trillion which represents three times the size of the next largest economy which is Japan at $4.4 trillion (Economy Watch). With the creation of the European Union however, the dominance of the US was reduced with the European market presenting an equivalent of $13 trillion. The growth of the BRIC (Brazil, Russia, India, and China) has also threatened the US global dominance with China forecast to overtake the US in size in the next 30 years (Economy Watch). These are imposing threats on the US economy which have also been plagued by the housing crisis. The failure of the US housing and credit markets caused a major slowdown in the US economy with the 2007 GDP growth being 2.2%, plunging down to 0.9% in 2008. This represents a significant decrease in the GDP when the 10 year average was at 2.8% (Economy Watch). Similar to developed nations, services have been considered an impo rtant element of the US economy. In 2007, services comprised 78.5% of the GDP, the industry represented 20.5% and agriculture represented less than 1% (Economy Watch). About two thirds of the country’s total production has been dictated by personal consumption. And even as it is an economy which is considered free market, government regulations still protect some aspects of their economy like energy and agriculture (Economy Watch). In any case, it can instead be considered a consumer economy. As the largest economy in the world, the US consumer dictates about two thirds of the economy and is a major driver in the global market (Economy Watch). It is also driven by the basic interplay of supply and demand which dictates the prices of goods and services. The impact of the government in the US economy is important in terms of monetary decision making and fiscal policy conceptualization. The federal government considers all the possible initiatives in order to guarantee the growt h of the US (Economy Watch). The US government considers all economic tools, including money supply, taxes, and credit control in order to make the corresponding adjustments in economic growth. During such considerations, the US federal government has also been tasked to regulate the operations of private business concerns in order to control monopolies (Economy Watch). The government provides different services by giving support for national defense, monetary aid for research and development programs (Economy Watch). The national debt is one of the most controversial issues in the US. In 2008, its federal debt was at $9.2 trillion. This represents 67% of GDP and is about $79,000 for each American taxpayer (Economy Watch). American consumers have also become dependent on debt and re-mortgaging to higher loans while using their extra cash to fund their high purchases. Their debt totals are one of the largest in the world; however in terms of GDP percentages, it is still less than Jap an and other European countries. Moreover, much of the debt is

Benjamin Franklin Assignment Example | Topics and Well Written Essays - 1000 words

Benjamin Franklin - Assignment Example He helped James create pamphlets. He wrote letters under the name of a fictional widow named Dogood. He used to write particularly about how women were being treated. It was an instant hit in the market. And everyone wanted to know the real name of Silence Dogood. During those times, Smallpox was a deadly disease which according to Mr. Benjamin could be cured only by inoculation. But while people liked this idea, they didn’t like the way Mr. Benjamin made fun of clergy. Hence Mr. Benjamin was jailed. After his release from jail, James and Mr. Benjamin had a fight which forced him to run away to Philadelphia (Isaacson, 2003). One of his main accomplishments during the period was launching of the Library Company in 1731. This led to the birth of first subscription library. He also helped launching of American Philosophy Society, which was the first learned society in America. In 1751 he also formed the Pennsylvania Hospital after recognizing the need to treat the sick people in a better way. He founded Philadelphia’s Union Fire Company to help people from the problem of fire, which was the first in the city. Sometimes individual’s house was damaged by fire leading to irreversible loss. In 1752, he founded the Philadelphia Contribution for Insurance Against Loss by fire (Morse, 2007). Benjamin Franklin started to take active interest in Politics in 1750s. He even went to England representing Pennsylvania to fight against the Penn family to find out who would control the Colony. During his time abroad, he thought of himself as a loyal Englishman. At that time England had many amenities which Americans lacked. England also had fine theatre, thinkers and witty conversation. Mr. Franklin was surprised to find out strong opposition by Americans against the Stamp Act. He gave testimony in front of Parliament to persuade the members to repeal the Act. Mr. Franklin was growing sick of the large amount of corruption

Science Education and Public Understanding Essay

Science Education and Public Understanding - Essay Example According to the report findings in Colloquial Use, Law in Science are a simple generalisation about how certain things in this natural world behave under certain conditions. In addition, the term is used to denote an existing experimental relationship between two or more parameters. In this case, it can be explained that Laws are commonly created after a lot of study and experiments have been conducted and hence a connected between two scientific quantities established. A good example of scientific the Laws include the thermodynamics, which explains the relationship between a given quantity of heat and the amount of kinetic energy that can be produced. In this case, the law shows how a quantity behaves rather than giving the explanation on why it behaves certain way. Another illustration of a scientific law is the famous Newton's  Law of Gravity. The law gives a prediction on the behaviour of an objected when dropped from a certain height. However, the law does not give an explana tion on why the object behaves in that particular manner.This essay declares that  a hypothesis is a critical part to a theory. This is because the hypothesis predicts the outcome of a theory that will either be proven to be authentic or void. It is created when it has survived all challenges of falsifying the theory. Most scientists show demonstrate a large number of experiments that are enough for them to only give details of all the tests that it carries out.

The Rwanda Genocide Essay Example | Topics and Well Written Essays - 2000 words

The Rwanda Genocide - Essay Example Racial superiority has caused much violence and many deaths for those who have been labeled by the ‘superior’ as ‘inferior.’ This violence has been spawned mostly by an extreme hatred for those viewed as different or inferior. Furthermore, such feelings of hatred have been translated into outright acts of violence against those viewed as inferior, and this at times often prompted retaliation against their oppressors, such as the case in Rwanda. With these premises, the world has been witness to various acts of violence, including the massacre of a significant number of people, all in the name of racial superiority. The concerned countries of the world have often refused to act in time to stop these events even though ample signs of trouble were apparent. Racial superiority has traditionally been an issue for various countries at one point or another in their history, but none worse than that displayed by the Nazis over the Jews and by the Tutsis over the Hut us in Rwanda. Similarities can be seen between the events of the Holocaust and the Rwandan genocide. â€Å"Rwandan genocide took place between April and June 1994. During this tragic period of 3 months some 800,000 Rwandans died, the majority were ethnically Tutsis murdered by their rival countrymen the Hutus† (BBC News). ... The blame was placed firmly on the shoulders of Tutsi leader Paul Kagame (who is now the current Rwandan President, but then leader of the Rwandan Patriotic Front (BBC News). This was denied by Kagame who blamed the attack on Hutu extremists. Nevertheless, within a few hours of the attack, violence broke out all over the country; and such violence would not wane until three months after the assassination of Habyarimana (BBC News). By then nearly a million Rwandans would lose their lives. The persecution of the Jews began in the early 1930’s. Adolf Hitler became chancellor of Germany in 1933. The persecution continued and built up into and through World War II, finally ceasing in 1945 when war in Europe finally ended. It is believed that some 6 million Jews died, as well as members of other minorities such as Gypsies. During this time, six million Jews in Europe were murdered, the rest were persecuted and tortured, and 5000 Jewish communities were destroyed (Perry 67). The deat hs did not begin as soon as the Fascists came into power. Time was spent first in spreading propaganda across Germany against those seen by the government as the enemies of the Aryan race; at the same time, life for the minorities was made very difficult. The aim was to encourage Jews to leave the country. To some extent, this succeeded; however, Hitler could not wait and in 1938 came Kristallnacht – these were the state sanctioned riots aimed at the Jewish population (Gellately 45). It seems then that xenophobia can be about more than feeling other people are different, or even inferior, but can also be about poor self image and the resentment of other people’s success. Rwandan genocide and Holocaust showed

Effects on ground water from leaking underground fuel tanks Research Paper

Effects on ground water from leaking underground fuel tanks - Research Paper Example These toxins are released silently into the drinking water supplied in the houses, or workplaces thus creating significant threats to living (Leakage Underground Storage Tanks: A Threat to Public Health and Environment, 1). The study has included detailed learning on the overview of the prevailing problem of ground water contamination due to leaking USTs, the administrative systems and their failure to protect the supplied drinking water, the slowdowns in the processes of cleanups, the dangerous chemicals that are leaked and thus the harmful effects and vulnerability of humans and animals, discussion on few reported cases like Michigan and California, as well as understanding of some probable solutions to the problem. The study is based on the existing literature. However, it can be understood that there are still certain gaps in the studies since the studies have not been able to reach out to conclusions and recommendations that might prove beneficial to the removal of the problem. The current study will try to focus on the existing studies and try to determine the current status of the problem with probable solutions for a safer environment. Method: The study has been based on secondary research. The sources that have been used are from the existing literatures. ... These include studies conducted by the Sierra Club, by New South Wales Government, by Alabama Cooperative Extension System, as well as by U.S. Environmental Protection Agency. Studies of authors like Nadim et al, have also been considered. Also, few books have been discussed for the study, along with cases reported at Michigan and California that reflect on the experiences of such ground water contamination. Ethical factors have been duly considered while making use of existing literature and drawing analysis and conclusions from them. Moreover the credibility and verification of all the information used have also been taken into concern for the study to be made effective. Observations: Leakage in USTs has become issues of serious concerns in the recent times to the safety of groundwater. Considering countries like America, around 50 percent of the population and almost all the families in the rural areas are known to depend on groundwater for their drinking water purposes. Toxic mat erials are held in these USTs that easily flow through the soil thereby polluting the underground water, making it severely harmful for humans and children. Studies reveal that there are several backlog and rejections in areas where cleanups are necessary. Protections could not be successfully enforced by the federal and the state UST programs such that the pollution may be prevented (Leakage Underground Storage Tanks: A Threat to Public Health and Environment, 2). The Chemicals Stored in USTs and Their Effects: The following chart provides an idea on the chemicals that are stored in the USTs and their probable effects that can occur on humans and animals’ health: Toxic Substance Health Effects Health-Based Drinking Water

College Degree Essay Example for Free

College Degree Essay The quest for college degree has brought us to here HCC, because there was no real fulfillment in our various jobs. The benefits from having a college education are manifold and range from jobs satisfaction, higher earning potential, and healthier life style choices. With the advances in technology, many of todays jobs now require more than a high school education or trade skills. Success in the workforce is increasingly defined by the ability to think critically, manipulate a computer, and to work collaboratively in a teaming environment. Todays college education develops these abilities, providing individuals with invaluable business and personal skills and knowledge, as well as opening the door to better career opportunities and increased earning power. Having a college degree is linked to higher pay. People with a higher level of education are more satisfied in their jobs than people who only have a high school diploma. For example, in 2012 the median of earnings for young adults with a bachelors degree was $46,900, while the median was $22,900 for those without a high school credential and $30,000 for those with a high school credential. In other words, young adults with a bachelors degree earned more than twice as much as those without a high school credential (105 percent more) and 57 percent more than young adult high school completers. (National Center for Education Statistics website). One of the biggest arguments against a college education is not being able to  go work when you turn eighteen. Many people believe that this will cause them to fall behind and not be able save up enough money. A college education will let you skip the line and start working with better jobs, in better places, with better conditions, and on top of that, the unemployment rates for high school graduates have increased to 8.1% in the last year (Value of a Degree). The bottom line is that better jobs come from a better education. College education will help in making good choice and have a healthier life style. Apparently those with a college education are more likely to live healthier lifestyles, with fewer incidences of smoking and obesity. The gap between smoking rates of those with high school diplomas and those with four-year degrees has risen from 2 percentage points in 1962 to 17 points in 2012. College-educated adults of all ages, and their children, are also less likely to be obese. In addition, mothers with higher levels of education spend more time with their children, regardless of whether they are employed or not (Top Universities). Also in the other hand, according to Malcom X Education is the passport to the future, for tomorrow belongs to those who prepare for it today. The Luck of education is a serious problem today. Some effects include illiteracy and increased drop rate, this is also leads to have a trouble finding work. It is difficult to see the exact value of your education in the beginning. However, finishing high school is an asset that everyone with the opportunity should take full advantage of. Just finishing high school opens up some doors, but not many. On the contrary, not going to school can result in higher unemployment and therefore a means for extra burden on the society. You can see from the chart that there is a dramatic difference between what a person will be paid with a diploma and as a college graduate. According to the chart a college graduate can bring home nearly fifty-percent more than a person with a high school diploma. Higher education opens up opportunities for people. It gives student the experience and the confidence that they will be able to use in many life situations. Attending college gives students opportunities to express themselves and to learn about other people and their ideas Although college isnt for everyone, everyone should at least give it a try. By going to college you learn to become independent, you go into the race for bigger, safer, better jobs, and you make more money on the other side. If you are given the opportunity to go to college, you should take advantage of it. You might even find out that you like it. The college experience is both academic and practical. College gives us a great opportunity to grow intellectually and gives us a chance to mature.

Two chapters in great expectations Essay Example for Free

Two chapters in great expectations Essay Magwitch also refers to Pip as master after he has been invited into his home, although Magwitch is older and wiser, he seems to be looking up to Pip. However, when Magwitch is questioning Pip about his fortune, Magwitch seems to gain more power with the more knowledge he reveals. Once he had eventually said Ive made a gentleman on you! he had the most power in the scene. Pip was speechless, he had gone through his whole life thinking it was Miss Havisham who had been the benefactor and was disappointed that he had become a gentleman because of a man lower than himself. Pip in chapter 39 says very little, but thinks a lot. Magwitchs large amount of dialogue in this chapter contrasts with Pips minor spoken responses. This suggests that both men feel awkward and to a certain extent, nervous. The uncomfortable atmosphere reaches the reader as they read the chapters narration. My attention so attracted by the singularity of his fixed look at me, the words died away on my tongue. Pip feels intimidated by Magwitch staring at him; it is like Pip has become the child out on the marshes again. Pip (the man with high social class) being intimidated by Magwitch (a man who was so low compared to Pip), shows how much power Magwitch had in this scene. I think Dickens life has influenced the story a lot. Pips character starts off as a poor boy readers have sympathy for. He later changes drastically to a cocky narrow-minded gentleman. Dickens was born into a large family who didnt have much money. I think Pip as a young boy mirrors Dickens when he was a child, as they both have problems and struggles in their lives. When Pip becomes a gentleman a reader will tend to like him less as he becomes the villainous character of the story, being selfish and frowning upon those lower than himself. Because our opinions of this character change when he becomes a successful gentleman, this may be because Dickens himself didnt like or agree with gentlemen. Dickens has also influenced equality and second chances in Great Expectations. Magwitch who was a convict sent to Australia started a new life there, he became a shepherd. His boss died and left the money and position to Magwitch. Magwitch sent the majority of the money he made and his property to Pip through Jaggers, a London lawyer. Magwitch has tried to set his past right by helping out Pip who helped him when he was a desperate escaping convict. Equality is shown in Great Expectations as Magwitch, who was a very lower class convict, made a poor boy into a gentleman. This shows that the lower class were often under-estimated. Magwitch is introduced to a reader twice, both at tense times. I think that these introductions are misleading as Magwitch, although comes across very frightening in the first chapter; he becomes the good guy of the novel. In chapter one, Magwitchs description leads a reader to believe he is a typical threatening criminal. When the reader discovers that he is in fact the benefactor, there is a pleasant surprise. With Magwitch being the benefactor, I think this could be Dickens putting across another opinion. A readers opinion of Magwitch changes dramatically when the benefactor is revealed, this could be Dickens warning people about their first impressions. Our first impression of Magwitch is that he is a bad man; however he later turns out to be nothing what a reader expected. Once the reader knows that Magwitch has given Pip a new life, Magwitch is seen with a lot more respect. This could be Dickens showing he thinks people should be more respected by the upper class I find the introduction in the first chapter more effective than the second. This is because it is the opening to the story and I had little knowledge of what the novel was like. The language in the first chapter is a lot more descriptive then in chapter 39; the descriptions create imagery of quite a dull and bleak scene. The descriptions often leave us with unpleasant pictures like overgrown with nettles, this description shows the area is run down as it isnt in perfect order, it is quite an abandoned place. The unpleasant setting has a strong bleak atmosphere which matches well with the two characters bad situations. Pip and Magwitch are both having negative experiences in their lives, although theyre not keen on each other, they have similarities. This could represent the lower class should stick together in hard times like work houses or even daily struggles; struggles which the upper class would often frown upon. Also in chapter 1, Pip is innocently visiting his dead family but encounters an intrusion from Magwitch. I think this causes tension in the scene because it seems disrespectful towards Pip, disturbing him at this time. Chapter 39 had more emotive language and atmosphere, although Pip has the most power, I still think he fears Magwitch. Even after Magwitch admitted he was the benefactor. He took both my hands and put them to his lips, blood ran cold within me this shows Pip still has negativity towards Magwitch but the description of these feelings in chapter 39 has more depth than in chapter 1. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Great Expectations section.